The Terra Luna Classic price has dropped by 3% today, with its fall to $0.00007531 coming as the wider market suffers a 1% dip in the past 24 hours.
LUNC has also lost 4% in a week, although the altcoin holds onto a 14% gain in a fortnight and a 30% increase in the last 30 days.
Yet today’s loss is a disappointment, with it coming as an AI-based seven-year outlook from CoinCodex suggests that LUNC could suffer a 100% decline from its current level.
However, the Terra Luna Classic community is working hard to improve the tokenomics of both LUNC and its sister stablecoin (USTC), with a recent proposal looking very hopeful for the altcoin.
Terra Luna Classic Price Prediction as Online AI Prediction Tool Says LUNC Will Fall to $0 – What’s Going On?
LUNC’s chart doesn’t look great right now, with its indicators all signalling a loss of momentum that could continue for at least several days yet.
Its RSI (purple) is slipping down to 50 and could easily descend further, with the coin not entering an oversold position until the level reaches 30 or below.
Source: TradingView
Likewise, LUNC’s 30-day average (yellow) is beginning to flatten, after spending a couple of weeks rising more strongly towards the 200-day average (blue).
It now seems as though the 30-day will not climb over the 200-day, while it’s also significant that LUNC’s current price has dropped blow the longer term average.
Again, this signals further falls to come, although it will be interesting to see if LUNC’s current support level (green) could prevent significant falls.
And to cap a bad couple of days, CoinCodex’s latest AI-based forecast for LUNC suggests that the altcoin could drop to $0.000000003107 by 2030.
This would mark a 100% decline from LUNC’s current price, and given that LUNC is already technically 100% down from its all-time high of $119 (set in April 2022), it would certainly be another dramatic fall.
However, this is a worst-case scenario for the token, which may benefit from renewed attempts to re-peg the price of USTC and, by extension, boost its own price.
#USTC Re-peg Proposal #LUNC community,
things are being worked on, even if sometimes you can’t see it…
Let’s discuss…https://t.co/GZ5Une0G7W pic.twitter.com/4ngf0qe84n
— Mike P. – LunaClassicLabs.com (@LunaClassicLabs) November 19, 2023
In particular, the community is working on a new proposal to incrementally re-peg USTC to $1, a move which would also set a hard cap for LUNC and support the latter’s price.
As such, the longer term view for LUNC remains fairly hopeful, and if the wider market experiences an end-of-year or new-year rally, the Terra Luna Classic price could also rise to $0.00010 in the shorter term.
New Altcoin With Strong Fundamentals and High Potential
Traders unsure of LUNC’s potential may prefer to turn towards other altcoins, with various newer coins showing good potential for above-average returns in the near future.
This includes several presale tokens, which in raising substantial sums of money have generated enough momentum to enjoy big rallies when they list.
One of the best examples of this is Bitcoin Minetrix (BTCMTX), a stake-to-mine platform that has raised more than $4.2 million in its sale.
#BitcoinMinetrix bringing essential news!
Over $4,200,000 raised! pic.twitter.com/QWHKasvilZ
— Bitcoinminetrix (@bitcoinminetrix) November 21, 2023
This means Bitcoin Minetrix’s is one of the biggest presale happening right now, with the project attracting investors by virtue of its innovative platform.
Its platform enables users to mine actual Bitcoin by staking its native token, BTCMTX, which earns them tokenized mining credits.
By spending these credits, users purchase Bitcoin hashpower, meaning that mining is performed on their behalf.
This can earn them minted BTC, while staking BTCMTX also provides them with a passive income stream.
Announcing the revolutionary #BitcoinMinetrix Innovation!
Delight in smooth #Bitcoin extraction through the pioneering $BTCMTX #Token.
Exploring crystal-clear mining with #BTCMTX.#Blockchain #Crypto pic.twitter.com/CikulNmVr8
— Bitcoinminetrix (@bitcoinminetrix) November 21, 2023
All of this promises to make Bitcoin Minetrix a highly profitable platform for investors and users, which accounts for why its presale has been taking off.
New participants can get involved by heading to the official Bitcoin Minetrix website, where 1 BTCMTX currently costs $0.0117.
This will rise to $0.0119 by the sale’s final stage, with BTCMTX having a total max supply of 4 billion (the presale receives 1.4 billion of this).
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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