This Coin Just Took A Massive Step Towards The $1 Threshold

Terra Classic, LUNC, is taking the crypto market by storm with its dramatic price gains. Although it had stagnated within the $0.00009 and $0.0001 levels for an extended period, its performance presently hints at a high growth potential for LUNC’s price in the long run. As such, investors believe that LUNC could be moving toward reaching a new milestone in the near future.

LUNC Price Performance

Cryptocurrencies’ past and present price performance can help determine their future behaviors. As such, here is LUNC’s price performance so far.

Throughout January, LUNC tasted several prices while maintaining the $0.0001 level. As of January 1, the crypto’s price was $0.0001451, but by the end of the month, it increased to $0.0001646 (January 31).

Following similar price behavior, LUNC recorded $0.0001714 on February 1, but by the end of the month, it reduced to $0.0001613 (February 28).

LUNC lost most of its value in March, recording $0.0001634 on March 1 and $0.0001223 on March 31. Also, following similar action, LUNC went from $0.000125 on April 1 to $0.0001118 on April 30.

In May, the crypto had an increased SELL trade which fueled the bearish pressure on its price. As of May 1, LUNC was at $0.00011, but in seven days, its price dropped to $0.0000957 (May 7).

Since then, LUNC has been on a persistent bear market despite its attempts to recover. After touching $0.00009031 on May 24, the crypto dropped further to $0.0000866 at the end of the month (May 31).

The bearish pressure is still pressing since the beginning of June, causing the crypto to record $0.00008457 on June 1 and $0.00008437 on June 4.

However, today, June 5, 2023, LUNC is on a bullish market, indicating a price increase of 4.44% at the time of writing and selling for $0.0000+9938.

Considering its performance so far, the signals on several indicators, and the latest trends in LUNC’s ecosystem, the crypto could spike to the $1 threshold in the future.

LUNC Price Analysis

Terra Classic, LUNC, has its Moving Average Convergence/Divergence (MACD) above the signal line but below the zero line. This represents the present price increase of the asset amid the bearish market.

Also, the bold green bar on the histogram tips the possibility for LUNC to rally more before the day ends. On the other hand, LUNC’s Relative Strength Index (RSI) is at 56.17, showing a neutral market position for the crypto. 

Its downward movement hints at an upcoming trend reversal if the RSI drops below 30 (oversold region).

Furthermore, LUNC is trading a few pips above its 50-Day Simple Moving Average (SMA) but below its 200-Day SMA. This represents a short-term bullish and long-term bearish.

As such, LUNC will likely record new prices quickly despite its price weakness, as depicted on the inverted SMA indicator.

What’s Driving The Rally?

Cryptocurrencies are subject to ecosystem-related developments, laws of supply and demand, macroeconomic activities, and investors’ sentiment. As such, LUNC’s price could be affected by one of these factors. 

Also, after the announcement Binance made of delisting the USD(S)-M1000LUNCBUSD Perpetual Contract, Terra Classic, LUNC experienced a dramatic price rally. The price surged further by 35% as a significant v2.1.0 parity upgrade approached.

Crypto enthusiasts expect LUNC to spike after the upgrade, considering the solutions and developments of the v2.1.0 parity upgrade.

Alternatives To LUNC

Although Terra Classic (LUNC) projects a promising price outlook, other alternatives with high growth potentials exist, like the Love Hate Inu crypto.

Love Hate Inu (LHINU)

Love Hate Inu is a revolutionary meme crypto project that aims at restoring transparency and honesty to the online survey industry via its Vote-to-Earn concept.

Its native utility token, $LHINU, provides users with real utility in any voting platform operating on the blockchain. This way, voting and discussing essential issues will be transparent and secure on the platforms.

As a utility token focusing on its community, Love Hate Inu carves out several ways to let its community members earn in crypto. Thus, it allows $LHINU holders to earn for sharing their opinions on topics and voting on public figures.

According to the platform’s voting mechanism, users must stake their tokens to vote, and the higher their staked tokens, the more impact their votes will have.

Love Hate Inu had offered its $LHINU tokens in its past presale fundraising campaign, which raised $10 million. 

Currently, the tokens are available on tier 1, decentralized crypto exchange OKX, allowing interested investors to buy them at a live price.

Today, Love Hate Inu is selling for $0.00004841 with a 12.95% price gain in the last 24 hours. Considering the project’s aim in the online survey industry, the LHINU tokens could potentially increase as many voting platforms adopt it.