After experiencing a disastrous year following the loss of parity of the UST stablecoin against the dollar, LUNC, the native token of the original Terra blockchain, rallied slightly on Monday. The prices of most cryptocurrencies have seen positive performances which have allowed them to start this year on a high note, even if their progress remains stalled in the latter value ranges.
Major breakouts are unlikely to occur in the next couple of days as 1) most traders and market participants halted their activities due to year-end celebrations and 2) Wednesday to Friday, important data will be released level 1 in the US, which could change macroeconomic sentiment. With a busy schedule for the latter part of the week, traders are unlikely to place large amounts, which could limit volatility in the LUNC/USD pair.
LUNC/USD is trading just above $0.00015, just north of its 21-day moving average (DMA) and up more than 10% from last week’s lows, just below $0.00014. The bulls are looking for a test of the 50-day DMA near $0.00015. A break above this level could open the door for a move up to the 200-day DMA just above $0.00018.
Price prediction for LUNC in 2023
LUNC’s short-term price forecast is bullish following the cryptocurrency’s recent rebound to a key medium-term support level. The technical outlook suggests that the bulls are preparing for a push towards the $0.000185-19 equilibrium zone. A break above this area and the $0.00020 level could open the door for a larger hike into the early November highs at the $0.00035 area.
As for the general direction of the LUNC for the remainder of the year, it’s possible that a positive change in macro sentiment (such as a Fed policy easing rather than tightening) could revive risk appetite in the cryptocurrency markets. This reversal could cause the price of LUNC to rally again, should traders choose to bet on risky altcoins again. However, it’s not certain that LUNC can stand out this year. The original Terra project is considered virtually defunct and doesn’t seem likely to bring any further utility to the crypto space in the near future.
Investors may want to consider other altcoins with a better value proposition. Here is a list of projects whose tokens are currently in the pre-sale phase, offering their first investors a unique opportunity to make exponential short-term gains.
FightOut (FGHT): presale launch
FightOut, a brand new move-to-earn (M2E) fitness app and gym chain looking to bring fitness to the web3, has launched its presale and investors believe the project could transform the existing M2E landscape from the web3 . Indeed, the M2E applications on the market, such as STEPN, only track steps and require an expensive and unreliable system.
FightOut FGHT tokens are currently selling at 60.06 for 1 USDT and interested investors are encouraged to buy early to secure their tokens, as the pre-sale has already raised over $2.5 million in a matter of weeks. FGHT is the token that will power the FightOut crypto ecosystem.
Dash 2 Trade (D2T): the pre-sale in its final phase
Those looking to invest in a promising trading platform should take a close look at Dash 2 Trade. This thriving social analytics and trading platform hopes to establish itself as a benchmark in the cryptocurrency trading space thanks to its many unique features.
These include trading signals, social and on-chain sentiment indicators, pre-sale token rating system, token listing 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 the platform’s features.
Dash 2 Trade is currently conducting a pre-sale of heavily discounted tokens and sales recently surpassed $12.15 million. The presales dashboard will be released shortly, with the development team currently ahead of schedule. The tokens are currently on sale at $0.0533 each and will be listed on several centralized exchanges starting this month.
Calvaria (RIA): the last pre-sale phase is underway
Big blockchain-based games like Axie Infinity have lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, a crypto battle card game, could be one such alternative. Calvaria seeks to drive cryptocurrency adoption by connecting the real world and cryptocurrencies through fun and accessible games.
Calvaria has now raised nearly $2.65 million, and a crypto whale raked in about $97,500 worth of tokens in a single purchase early last month. The pre-sale is in the final stages, with only 16% of the tokens remaining.
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