LUNC, the native token of the now mostly defunct original Terra blockchain, which saw a catastrophic exit from its decentralized finance (DeFi) trade value locked (TVL), developers and community members when the value of its UST stablecoin broke away from the US dollar and triggered hyperinflation in the LUNC token, rallied a little on Monday. Prices are a little higher in the crypto space on Monday, although most major coins remain within recent ranges.
Big breakouts over the next two days are unlikely given 1) most traders and market participants are staying away from their desks due to year-end celebrations and 2) Wednesday through Friday sees a barrage of Important US Level 1 data releases that could really change macro sentiment. Ahead of the busy macro calendar for the latter part of the week, traders are unlikely to want to place big bets and so the likes of LUNC may not see much volatility.
LUNC/USD, for what it’s worth, last changed hands just above $0.00015, just north of its 21DMA and up more than 10% from the week’s lows. last just below $0.00014. The bulls are eyeing a test of the 50DMA near $0.00015, a break above that could open the door for a higher run towards the 200DMA just above $0.00018.
Price Prediction – Where is LUNC going in 2023?
The short-term LUNC price prediction is bullish. Indeed, in light of the cryptocurrency’s recent rebound from a key medium-term support level, the technical outlook is improving. The recent bounce suggests that the bulls are bracing for a push towards the $0.000185-19 balance zone. A break above here and the $0.00020 level could open the door for a bigger move towards the early November highs in the $0.00035 area.
As for the broader direction of the cryptocurrency for the rest of the year, it is possible that a positive change in macro sentiment (if the Fed shifts to an easing bias rather than a tightening ) could rekindle risk appetite in crypto markets. This could lift LUNC as traders rush to risky altcoins. However, it is unclear whether LUNC can be a big winner in the crypto space. The original Terra project is now considered nearly dead and doesn’t seem likely to add further utility to the cryptocurrency space anytime soon.
Investors might consider other altcoins with a better value proposition. Here is a list of some highly rated projects that are currently making token pre-sales at discounted prices, giving early investors a unique opportunity for exponential short-term gains.
FightOut (FGHT) – Presale Launches
FightOut, a brand new move-to-earn (M2E) app and gym chain that seeks to bring the fitness lifestyle to web3, has opened its pre-sale and investors believe the project could transform the landscape existing web3 M2E. While existing M2E apps such as STEPN only track steps and require expensive non-fungible token (NFT) purchases to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and does not not require any expensive buy-ins to participate.
FightOut FGHT tokens are currently selling at 60.06 for 1 USDT, and interested investors are encouraged to act quickly to secure their tokens, as the pre-sale has already raised over $2.5 million in just a few weeks. FGHT is the token that will power the FightOut crypto ecosystem.
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Dash 2 Trade (D2T) – Presale enters its final phase
Those looking to invest in a promising crypto trading platform startup should look no further than Dash 2 Trade. The burgeoning social analytics and trading platform hopes to take the crypto trading space by storm with its host of unique features.
These include trading signals, social and on-chain sentiment indicators, pre-sale token rating system, token list alert system, and strategy backtesting tool. The Dash 2 Trade ecosystem will be powered by the D2T token, which users will need to purchase and hold to access platform functionality.
Dash 2 Trade is currently conducting a token presale at deeply discounted rates and sales recently topped $12.15 million. The presale dashboard will be released soon, as the development team is currently ahead of schedule. The tokens are currently selling at $0.0533 each and will be listed on multiple centralized exchanges starting this month.
Visit Dash 2 Trade here
Calvaria (RIA) – Final presale phase now
Major blockchain-based games like Axie Infinity have lost a lot of ground in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative paths. Calvaria, an up-and-coming fighting crypto card game, might be a good alternative. Calvaria seeks to drive crypto adoption by building a bridge between the real world and crypto, a fun and accessible crypto game.
Investors should consider Calvaria’s RIA token pre-sale. Calvaria has now raised $2.65 million, with a crypto whale raking in $97.5,000 in a single purchase early last month. The presale is in the final stages, with only 16% tokens remaining.
Visit Calvaria now