LUNC shows a decrease

LUNC breaks the current uptrend. Source: TradingView

Disclaimer: The Industry Talk section contains insights from players in the crypto industry and is not part of Cryptonews.com’s editorial content.

LUNC, Terra’s native token, has fallen by 2.6% in the past 24 hours. This is in line with the overall crypto market right now, which has been in a bearish trend for a long time. Currently, LUNC/USD is trading at $0.0001650.

While this seems to indicate a decline for now, the crypto is still up 10% from November. Here the rate was $0.00015. Compared to previous highs, for example at $0.00019, the price is now down 13%.

Price Prediction – LUNC to Record Highs in 2023?

Does LUNC look like it will break the $0.0006 record in September? According to the current technical analysis, that chance is small. First of all, it should be noted that LUNC/USD has fallen below an important uptrend, which maintained its negative course from June to mid-November.

This uptrend has currently turned to resistance, as evidenced by the failed pushbacks above the resistance point in December. This pushback indicates that there is a good chance that the next support will be sought around $0.00015, with a possible pullback towards $0.00020.

LUNC price chart
LUNC breaks from long-term uptrend. Source: TradingView

At the same time, LUNA appears to have entered a new downtrend, which peaked in September. If the current downtrend continues, LUNC could fall to $0.00015 and move towards $0.00012.

Bulls are currently hoping for positive news about the US economic situation in the form of lower inflation and fewer rate hikes. In the current economic conditions, the Fed has a big impact on crypto sentiment and even triggers a breakout.

LUNC is in a downtrend, heading towards $0.00012. Source: TradingView

So the near future looks bearish. But what about the long term? Will LUNC price be able to reach record highs in 2023? To achieve this, the crypto market needs to make a significant turnaround. It is theoretically possible, but it will require macroeconomic adjustments. Examples that can fuel a bull market include the Fed cutting interest rates. According to the editors, whether this will send LUNC towards a record high level is unlikely.

To drive the LUNC price towards an all-time high would require a massive reduction in the LUNC supply combined with a massive restoration of the ecosystem. However, this is unlikely. For example, the ecosystem has almost bled to death, partly due to the dissolution of Terra. At this point, it seems that other cryptos, with more promising propositions, will show better results in a next bull market.

Altcoins with faster returns

Cryptos have shown mediocre results recently, prompting some investors to turn to alternatives with higher returns in the short term. Below we have listed some important presales so that investors can still achieve good results.

Dash 2 Trade (D2T)

Dash 2 Trade is a crypto analysis platform that helps investors make better trading decisions. It has a wide range of interesting features and is quickly taking over the crypto world.

This includes trading signals, social sentiment and chain indicators. There are also pre-sale token scoring systems, token list alerts and strategy back testing tools. The Dash 2 Trade ecosystem is powered by the D2T token, which users need to access the platform.

Dash 2 Trade is currently in the middle of a presale, with the price still at a low and attractive point. Currently, the token sale has raised $9.5 million and is in its final phase. With the developers launching a beta version early, this provides the ultimate opportunity to buy up D2T before the price explodes.

Visit the Dash 2 Trade Presale here

Note: Cryptocurrencies are unregulated and volatile investments

Calvary (RIA)

Calvaria (RIA) is also in the final stages of pre-sales and is a blockchain-based game. Within Calvaria, players can collect cards, trade them and compete for tokens. In addition to many play-to-earn features, players can also participate without crypto, making the game more accessible than any other blockchain game.

The ecosystem’s native token, RIA, is used to purchase in-game items, giving it a strong use case. The presale has already raised $2.4 million and is currently in its final phase. Currently you can buy 30.77 RIA with 1 USDT.

Visit Golgotha ​​now

Note: Cryptocurrencies are unregulated and volatile investments

Robot Era (TARO)

RobotEra (TARO) is a sandbox-style Metaverse project where players can play as robots in a virtual world. Within this world, players can buy virtual, NFT-based land and build on it. Players can also purchase other in-game attributes, which also come in the form of NFTs.

Furthermore, a multiverse is planned at RobotEra, which means that the developers are working on a version where different metaverses are connected. This means that players from different platforms can play, and this version is currently planned for the first quarter of next year.

Currently you buy 1 TARO for 0.020 USDT, but the price will go to $0.025 in the next phase. The project has now surpassed $521,000 since the presale began.

Visit RobotEra now

Note: Cryptocurrencies are unregulated and volatile investments

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