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It has been 10 months since the disastrous collapse of the crypto project Terra Luna in May of last year. The cryptocurrency is now picking up and attempting to reclaim its former glory.
However, there have been other incidents in the financial world, and most recently, the crash of the Silicon Valley Bank (SVB). The impact has been devastating, and investors are looking towards crypto as a hedge against financial loss.
Despite the global financial crisis, the broader crypto market has maintained its bullish momentum, with LUNA and several altcoins increasing in value before retracing.
Is this an ideal time for investors to take advantage of the decline in value to buy the asset before it rebounds?
LUNA Shows Signs of Rebound
At the time of writing, LUNA is trading at $1.43, following a slump of 2.43% in the last 24 hours. Despite the decline in value of 23.7% in the last month, the digital asset had a brief rally in the last seven days, with an uptrend of 5.3% before dropping.
This decrease in value has had a negative impact on the technical analysis, indicating a bearish movement. For the short-term prediction, LUNA’s 50-day simple moving average (SMA) value is $1.91, and $13.54 for its 200-day SMA long-term prediction. The two values currently sit above the crypto asset’s current price.
Regarding Fibonacci retracement levels, LUNA found support at 23.6%. However, the crypto asset has not been able to get into stride or maintain an uptrend fully.
If the digital asset manages to rally for a while, it will head toward the 38.2% Fibonacci retracement level of $1.60. This level may serve as resistance or a buffer for LUNA as it approaches a new price high.
Terra’s moving average convergence and divergence (MACD) value shows the asset above the signal line, indicating a buy position. On the other hand, its relative strength index (RSI) value of 43.42 puts the digital asset in the underbought region.
LUNA’s technical performance has been moderate. However, a rebound and steady momentum could see the asset head toward a new price level.
Terra Unveils New Project – Eumlet
Terra recently announced the launch of Eumlet, a Web3 operating system for commercial payments. The platform gives organizations various tools to effectively and securely manage their accounts, digitize payment processing, and gain insightful information from their data.
With the Fiat to Web3 Bridge, companies can quickly and safely exchange fiat money for cryptocurrencies without needing intermediaries. This makes it a first in architecture for connecting traditional financial systems to Web3.
A new Project Spotlight is hot off the press! 🖨️
Explore the ins and outs of @eumlet, a next-gen payments platform creating opportunities for SMEs to transition to Web3 👇https://t.co/kvyCaeST8w
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) March 15, 2023
This project’s goal is to establish a business payments operating system on Web3 by creating seamless user experiences that leverage the benefits of blockchain technology to support faster company payment operations while empowering users to do more with their cash.
Other High-Value Coins to Explore for Gains
Terra Luna is one of the popular coins that investors may want to add to their holdings. However, there are other value-driven crypto assets that can provide exponential returns.
These projects provide discounted token presales, giving early adopters immediate and long-term benefits.
One such is $CCHG, the token that maintains the C+Charge – a green initiative that focuses on facilitating more access to the carbon credit sector.
The project’s objective is to promote the transition to electric mobility in order to create a more sustainable environment. However, some factors, such as carbon credit, are impeding this solution.
How to reduce carbon emissions in 1 minute?
🛍Bring reusable bags
💡Switch off lights when you leave the room
♻️Use $CCHG for your EV chargingGrab some $CCHG now⬇️https://t.co/ixe18bPqzI#Presale #Crypto #ReFi
— C+Charge (@C_Charge_Token) March 19, 2023
C+Charge is using blockchain to create a robust Peer-to-Peer (P2P) payment structure for electric vehicle (EV) charging stations. The platform will also make carbon credit available to the general public through this project and the blockchain.
At press time, CCHG is selling for $0.02 per token. The eco-friendly project’s reception has been impressive, raising over $3.1 million in presales so far.
FGHT is another high-value token for investors to explore. The Fight Out gaming ecosystem uses the asset as its primary payment method for all platform transactions.
Fight Out users can train in real life to increase their avatar’s stats and participate in play-to-earn contests to win FGHT and other prizes.
It’s official…
Less than 2 weeks left until our #Presale ends! 🤯
Don’t miss your chance to get in early and claim your bonus.
Join the presale NOW!https://t.co/9pikKGRjSd pic.twitter.com/SXO3HBnn3n
— Fight Out (@FightOut_) March 18, 2023
In addition, the platform combines train-to-earn and play-to-earn tactics to produce a distinctive user experience in the metaverse through gamification.
At the time of writing, FGHT is selling for $0.03. So far, the project has raised more than $5.66 million in presales from investors.
However, the presale will end on March 31, so potential investors need to take advantage of the remaining time and buy now.
Related News
- LUNA Price Prediction: Can The Bulls Rally To $1.45?
- LUNA Price Prediction: LUNA is up 10% to $1.38. Can LUNA Break the $2.5 Resistance?
- LUNA Price Prediction: Terra Slumps Further 8.76% – Is a Breakout Imminent?
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