LUNC Price Prediction: LUNC Gains 3.09% Amid Market Rally – Is It Time to Buy?

Terra Classic token LUNC is facing difficulties as the collapse of the Terra ecosystem has led to the split of its blockchain.
However, $LUNC appears to have gained ground and reversed course in the past 24 hours, gaining 3.09%. This growth comes at a time when the entire cryptocurrency market is rising despite the recent financial crisis that has gripped the industry.
While major assets like Bitcoin and Ethereum lead the way, $LUNC is also following the bullish wave.
Considering its recent run-up and market momentum, is now an ideal time to buy $LUNC?
LUNC finds footing and falls back
So far,
Terra Classic $LUNC
The trading price of $0.000093 indicates an increase of 3.09% in the past 24 hours.
However, prior to this rise, the asset had fallen 0.9% over the past seven days, 12.6% over the past two weeks, and 26.2% over the past month.
$LUNC’s 24-hour trading volume is $31 million, indicating that bullish sentiment is emerging.
However, the recent increase in value has little impact on $LUNC as technical charts still show bearish momentum for the asset.
The current price of the coin is below its 50-day Simple Moving Average (SMA) value of $0.00012 in the short term and its 200-day SMA value of $0.00017 in the long term.
In the next few days, $LUNC may fluctuate between these two price points.
Regarding technical analysis, the Terra Classic asset has found its footing and is currently in a pullback close to the 23.6% Fibonacci retracement level of $0.00010. If $LUNC continues its upward movement, it will reach this Fibonacci level soon.
However, the asset could also encounter resistance at this level and stagnate or fall back.
On the other hand, continued bullish momentum combined with gains in the overall market could see the asset break through this point and head towards new price levels.
The relative strength index (RSI) is 40.08, indicating that $LUNC is currently oversold. Its moving average convergence divergence (MACD) is above the orange trend line, indicating a buy signal.
Terra Classic advances with major upgrade
While Terra Classic LUNC is struggling to maintain its bullish momentum and reach new price levels, an upcoming upgrade could be the game-changer that the asset needs.
The Terra Classic core developers’ L1 Joint Task Force (L1TF) proposal for the v2.0.1 upgrade has reached the threshold.
On-chain proposal voting is over!
Proposal #4723: Terra – Confio CosmWasm Grant
Status: Passed with 77.06% YES votes, 12.45% NO votes, Voter turnout: 46.74%
Link:
https://t.co/UMxsMaYUxr
– Terra Governance Alerts (@terra_agora)
May 8, 2023
According to the project developers, about 77.06% of users voted “yes” and 12.45% voted against.
This is a major upgrade to the LUNC blockchain and will enable projects and developers from Cosmos and Terra (LUNA) to develop on the Terra Classic chain in conjunction with the Cosmwasm v1.1.0 upgrade on May 31st.
The upgrade provides a number of important features, including an upgraded Cosmos SDK and Tendermint, enhanced code maintainability, and a minimum initial deposit for governance proposals to prevent spam.
Since the proposal was approved, the L1 Joint Task Force requires all validators and nodes to install and run the latest update version v2.0.1.
Value-driven Terra Classic LUNC alternative
Investors looking for alternative investments to LUNC have the opportunity to explore new crypto assets with a low risk-reward ratio and a potential 10x return on investment.
One such crypto asset is
$AI
, as a utility token for the meme generation platform AiDoge.
AiDoge is a groundbreaking meme platform that combines the fun of online memes with the power of Artificial Intelligence (AI).
At its core, this innovative platform generates a steady stream of relevant and engaging memes using advanced machine learning algorithms trained on a vast dataset of existing memes and cryptocurrency news.
What can stop it?
$AI
exist
#Memecoin
The answer is no!
#AiDoge
Ahead of the crowd, nothing can stand in our way.
Before the next price increase, don’t forget to join
#Presale
!

https://t.co/5j5tt4smcs
$PEPE
$FLOKI
$ELON
$SPONGE
pic.twitter.com/wUfGuri2aO
– aidogecrypto (@aidogecrypto)
May 17, 2023
This revolutionary meme-to-earn (M2E) model has caught the attention of many investors in the crypto industry as its presale raised over $8.5 million in a matter of weeks.
The purchase price of $AI token is $0.0000308. However, interested investors must hurry up and buy it before the price rises to $0.0000312 in a few days.
Another asset that investors can consider is
$ECOTERRA
, which is the native token of the eco-friendly project ecoterra.
Ecoterra
Recycle-to-Earn (R2E)
A cryptocurrency platform and ecosystem that pioneers a new way to reduce waste and combat climate change.
️The Ethereum network has experienced performance issues twice in the past 24 hours, preventing blocks from being finalized
It's time to get back on track and buy your $ECOTERRA with $ETH
Join Now
#Presale
⬇️
https://t.co/1fYkPOsPYG
pic.twitter.com/nImVbynYYS
— ecoterra (@ecoterraio)
May 17, 2023
The project aims to create a sustainable and self-sufficient community and reward users by integrating blockchain technology and eco-friendly practices.
As of now, $ECOTERRA tokens are being sold at $0.00775 and its ongoing pre-sale program has raised over $3.8 million.
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The cryptocurrencies with the highest gains today are: GRT, LDO, AiDoge, Launchpad, yPredict, DLANCE, FXS, ECOTERRA, SPONGE
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