The price prediction for Terra Luna Classic is bearish as the LUNC/USD pair fell below $0.000169, a support level extended by an upward trendline. The cryptocurrency market has been tough on investors recently, with most cryptocurrencies unable to produce gains due to liquidity issues at FTX, Genesis, and many other crypto exchanges.
Terra Classic (LUC) saw a slight increase in price, contrary to the trend of other large market cap cryptocurrencies. According to data from CoinMarketCap, the price of LUNC rose over 2% during the European session.
It was trading at $0.0001642 at the time of this writing, giving it a market capitalization of $982 million. Fear, Uncertainty and Doubt (FUD) is still present in the market, so the trading volume has dropped and remained below $1 billion.
Singaporeans Investigate Cryptocurrency Lender Hodlnaut
Law enforcement officers in Singapore have reportedly opened an investigation against struggling crypto lender Hodlnaut. The company’s management is suspected of committing fraud and other crimes over the years.
An investigation into Hodlnaut’s possible complicity in cheating and fraud has reportedly been opened by Singaporean authorities, as reported by Bloomberg.
Following several reports, the directors of the company were arrested for “false allegations regarding the company’s exposure to a certain digital token”. In August, the bitcoin lending platform in Singapore suspended token withdrawals, deposits and trading due to “challenging market conditions”.
Around 80% of its staff were laid off and interest rates were lowered, all within a week of the service being temporarily halted.
In an effort to “rehabilitate” the company and avoid a forced liquidation of its assets, Hodlnaut applied for judicial management in the High Court of Singapore.
What is the relationship between Hodlnaut and Terra Luna Classic?
Hodlnaut was among the many victims in the catastrophic crash of Terra in May this year. The company’s exposure to the UST algorithmic stablecoin led to a loss of $190 million. The cryptocurrency lending platform may have withheld information from its customers.
According to Bloomberg’s findings, many corporate employees destroyed more than a thousand “essential” papers that could have provided evidence of the vulnerability.
There was widespread panic among investors and market turmoil as Terra’s native token, LUNA, and stablecoin, UST, both crashed to near zero.
Several accounts have confirmed that some people’s multi-million dollar losses led them to commit suicide.
Terra Luna Classic Price Prediction – Can LUNC reach $3 in the next bull market?
The current price of Terra Classic is $0.000164, with a 24-hour trading volume of $90 million. Terra Classic is up 2.65% in the last 24 hours. CoinMarketCap now ranks 43rd, with a live market cap of $982 million. The circulating supply is 5,990,448,508,950 LUNC coins.
On the technical side, LUNC/USD is bearish after breaking through the $0.00016 uptrendline support level.
Closing candles below this level have the potential to lead the downtrend to the $0.00011 level.
The RSI signals a selling trend, while the MACD signals a bullish trend. Additionally, the 50-day moving average indicates a bearish trend below $0.00022, which is acting as resistance at the moment.
So, while LUNC is unlikely to hit $3 anytime soon, keep an eye out for $0.00016 as a cross above it can trigger buys down to $0.00027 or $0.00036.
3 Pieces Could 10x
Despite the fact that the cryptocurrency market is currently bearish, the three presale coins listed below have greater upside potential.
Trade Dash 2 (D2T)
Dash 2 Trade is an Ethereum-based trade intelligence platform that provides traders of all skill levels with real-time analytics and social data, enabling them to make better-informed decisions. The platform will go live in the first quarter of 2023, providing information to investors to help them make proactive trading decisions.
After raising $7 million in just over a month, Dash 2 Trade, a crypto trading intelligence and signals platform, has garnered investor interest. As a result, the D2T team decided to abandon the project at Stage 4 and lower the cap target to $13.4 million.
Dash 2 Trade was also a success, with two exchanges (LBank and BitMart) committing to listing the D2T token once the presale ends. 1 D2T is currently worth 0.0513 USDT, but this will drop to $0.0533 when the sale ends.
D2T has raised over $7 million so far by selling over 83.5% of its tokens.
Visit Dash 2 Trade now
RobotEra (TARO) is a Sandbox-style metaverse that will release an alpha version in the first quarter of 2023. Players will be able to play as robots on its platform and help build its virtual world, which will include terrains, buildings based on NFT, and other in-game items.
TARO has already raised over $260,000, and one TARO is currently being sold for 0.020 USDT (it can be purchased with USDT or ETH), but that price will drop to $0.025 in the second stage of its presale, which will start soon.
Visit RobotEra now
Calvaria is a new Bitcoin gaming company that has the potential to dominate the gaming market to win. According to developers at Calvaria (RIA), the requirement of cryptocurrencies to participate has proven to be a significant barrier to the 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 who do not own cryptocurrency. The presale 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 expected to last ten stages and include 300 million RIA tokens. However, the developers have decided to modify the pre-sale offer, which means that stage 5 will be the last chance for investors to buy RIA before they are released to the public market, where prices are expected to rise. considerably.
Visit Calvaria in presale now
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