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LUNC Price Prediction: LUNC Gains 1.61% as Market Rallies – Time to Buy?

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Terra-Luna-Classic LUNC
Terra-Luna-Classic LUNC

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Following a brutal first quarter that saw several banks go bankrupt, the broader financial market is slowly recovering.

In the past day, the US stock market has switched gears and is now showing the ‘Greed’ indicator on the market greed and fear index, pointing to growing bullish activities.

The crypto market has largely weathered this brutal period and used it as momentum to hit the $1 trillion market cap.

Additionally, the nascent industry recently recorded another milestone as it is now valued at over $1.21 trillion, following a 2.46% surge overnight.

While major assets like Bitcoin and Ethereum are at the forefront, LUNC has also caught the bullish wave and is riding along.

The decentralized financial asset has struggled since the collapse of the Terra ecosystem, which saw the ecosystem split in two. However, the coin seems to have found a foothold and retraced.

Given its recent surge and market momentum, is it an ideal time to buy LUNC?

LUNC Finds New Price Levels

At the time of writing, the Terra Luna Classic (LUNC) is trading at $0.000124, with a surge of 1.61% in the last 24 hours and 2.0% in the past week.

Prior to this, the asset had experienced a downturn of 4.4% in the last two weeks and 14.3% in the last month.

This latest uptrend has increased the 24-hour trading volume to $45 million, signaling an incoming rally. With a circulating supply of 5.8 trillion LUNC coins, the current market capitalization of Terra Luna Classic is estimated at $731,547,123.


Despite this, the recent trend has had little impact on LUNC, as evidenced by the asset’s technical graph, which shows little momentum.

The Terra asset’s current price sits below the 50-day simple moving average (SMA) of $0.00015 and the 200-day SMA of $0.00019.

According to the technical graph, the asset has been on a free fall since hitting resistance at the 38.2% Fibonacci retracement level of $0.00016. The digital asset has since found a foothold before dropping to the 0% Fibonacci retracement level of $0.00010.

If the current bull run remains, LUNC might rebound toward the 23.6% Fibonacci retracement value of $0.00013.

LUNC’s bullish momentum is supported by the Moving Average Convergence Divergence (MACD) indicator’s buy signal. The MACD line is above the signal line, indicating that investors are more likely to purchase the asset.

However, with the token’s relative strength index (RSI) being just 43.35, investors can feel confident it is not overbought yet.

Terra (LUNC) Launches Defi Platform

The Terra Classic (LUNC) DeFi platform, Terraport, has been released after several months of anticipation. The project was built by the TerraCVitta development team.

Terra Classic provides a launchpad for the Terra Classic Ecosystem and a LUNC-based decentralized exchange (DEX).

On the platform, users can trade their three tokens, Terra Classic (LUNC), Terra Classic USD (USD), and TERRA.

Additionally, it has extensive staking functionality with an annual percentage rate (APR) that varies from 16% to 60% based on the lockup time.

Consider These Value-Driven Assets for Gains

While LUNC’s performance remains bearish, investors seeking to diversify their assets can consider these two value-driven altcoins for profit.

These digital assets are still in the presale stage, giving investors the opportunity to be early adopters.

One such value-driven asset is Metropoly’s token, METRO.

Metropoly, the first decentralized non-fungible token (NFT) real estate marketplace, is utilizing the power of blockchain to revolutionize the real estate industry.

Traditional offline real estate transactions face numerous challenges, including high mortgage rates, untrustworthy middlemen, and unnecessary time-wasting.

With Metropoly, anyone can access fractional ownership of assets that generate revenue as NFTs. The properties can be acquired for as little as $100, regardless of geography or credit rating.

At press time, investors can buy the $METRO token for $0.0769. The blockchain real estate project has raised over $1.12 million in its presale.

Another value-driven asset investors should consider is Love Hate Inu’s token, LHINU.

Love Hate Inu is a meme vote-to-earn platform that uses blockchain technology to provide a secure and transparent way for users to vote on major topics.

Users can vote in polls by staking the LHINU token for 30 days; the more they stake, the more voting power they acquire.

At press time, LHINU sells for $0.000105 per token. The meme project has raised over $2.86 million in just a few weeks, indicating a strong investor interest.

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