Terra Luna Classic Price Prediction – Can LUNC Hit $3 in the Next Bull Market?

Terra Luna Classic price forecast is bearish, as the LUNC/USD pair fell below $0.000169, which is a support level extended by an ascending trend line. The cryptocurrency market lately has been rough on investors, as most cryptocurrencies have been unable to make gains due to liquidity issues with FTX, Genesis, and many other crypto exchanges.

Terra Classic (LUNC) saw a slight price increase, bucking the trend of other cryptocurrencies with large market caps. According to CoinMarketCap data, the price of LUNC is up more than 2% during the European session.

It is trading at $0.0001642 as of this writing, which makes it have a market cap of $982 million. Fear, Uncertainty, and Doubt (FUD) is still present in the market, so trading volume has decreased and remains below $1 billion.

Terra Classic (LUNC) Price & Tokenomics – Source: Coinmarketcap

Singaporeans are investigating Crypto Lender Hodlnaut

Law enforcement agents in Singapore have reportedly opened an investigation against troubled crypto lender Hodlnaut. The company’s management is suspected of fraud and other crimes over the years.

Singaporean authorities have reportedly launched an investigation into Hodlnaut’s possible complicity in fraud and fraud, as reported by Bloomberg.

As a result of multiple reports, the company’s directors have been subpoenaed for “false claims regarding the company’s exposure to a particular digital token.” In August, the Singapore-based bitcoin lending platform suspended withdrawals, deposits, and token swaps due to “difficult market conditions.”

About 80% of its staff was let go, and interest rates were cut, all within a week after the service was paused.

In an effort to “rehabilitate” the company and avoid a forced liquidation of its assets, Hodlnaut sought judicial administration from the Supreme Court of Singapore.

What is Hodelnut’s relationship with Terra Luna Classic?

Hodlnaut was among the many victims during the catastrophic Terra crash in May of this year. The company’s exposure to the algorithmic stable UST resulted in a loss of $190 million. The cryptocurrency lending platform may have been hiding information about its customers.

According to Bloomberg’s findings, several business employees destroyed more than a thousand “essential” newspapers that could have provided evidence of vulnerability.

There was widespread panic among investors and market turmoil as both Terra’s native token, LUNA, and Stablecoin, UST, collapsed to near zero.
Several accounts confirmed that the losses of some people amounting to millions of dollars led to their taking their lives.

Terra Luna Classic Price Prediction – Can LUNC Hit $3 in the Next Bull Market?

Terra Classic’s current price is $0.000164, with a 24-hour trading volume of $90 million. Terra Classic has increased by 2.65% in the last 24 hours. CoinMarketCap now ranks 43, with a direct market capitalization of $982 million. The circulating supply is 5,990,448,508,950 LUNC coins.

Terra Luna Price & Tokenomics – Source: Tradingview

On the technical front, LUNC/USD is bearish after breaching the ascending trend line support level at $0.00016.

Closing candles below this level have the potential to lead the downside move to $0.00011.

Terra Luna Classic Price Chart – Source: Tradingview

The RSI indicates a selling trend, while the MACD indicates an upward trend. In addition, the 50-day moving average is indicating a downtrend below $0.00022, which is acting as resistance for now.

So, while LUNC is unlikely to reach $3 anytime soon, keep an eye on $0.00016 because a cross above this could trigger buying up to $0.00027 or $0.00036.

3 coins can 10x

Despite the fact that the cryptocurrency market is currently trending lower, the three pre-sale coins listed below have more upside potential.

Dash 2 Trade (D2T)

Dash 2 Trade is an Ethereum-based trading intelligence platform that provides traders of all skill levels with real-time analytics and social data, allowing them to make better-informed decisions. The platform will be launched in the first quarter of 2023, and will provide information to investors to help them make proactive trading decisions.

After raising $7 million in just over a month, Dash 2 Trade, a platform for cryptocurrency trading intelligence and signals, has piqued investor interest. As a result, the D2T team decided to abandon the project in Phase 4 and reduce the hard cap target to $13.4 million.

Dash 2 Trade has also seen success, with two exchanges (LBank and BitMart) pledging to list the D2T token once the pre-sale ends. 1 D2T is currently worth $0.0513, but this will rise to $0.0533 at the end of the sale.

D2T has raised more than $7 million to date by selling more than 83.5% of its tokens.

Visit Dash 2 Trade now

robotera (bread)

RobotEra (TARO) is a Sandbox Metaverse game that will release alpha in Q1 2023. Players will be able to play as bots on its platform and help build its virtual world, which will include land, NFT-based buildings, and other in-game items.

The TARO has already raised over $260,000, and one TARO is currently selling for $0.020 (it can be bought with either USDT or ETH), but this price will rise to $0.025 during the second phase of the pre-sale, which will start soon.

Visit RobotEra Now

skull (rhea)

Calvaria is a new bitcoin gaming company with the potential to dominate the gaming market for profit. According to Calvaria Developers (RIA), the need for cryptocurrency in order to participate has proven to be a significant barrier to widespread adoption of Web3 games.

More information about Calvaria can be found here.

As a result, the game will have both free-to-play and pay-to-win modes, with the free-to-play mode accessible to players without cryptocurrency. The prequel has raised nearly $2 million since its inception and is now in its final stages after the developers decided to end it early.

The presale was supposed to last ten stages and include 300 million RIA tokens. However, the developers decided to change the pre-sale offer, which means that Phase 5 will be the last chance for investors to buy RIA before it goes public, as prices are expected to skyrocket.

Visit Calvaria Presale now

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