Terra Classic (LUNC) price forecast for December 31, 2022

The cryptocurrency industry is still grappling with the fallout from the FTX scandal, which has rippled through and caused the sale of most digital assets, including Terra Classic (LUNC), a modified version of the popular Terra (LUNA) token.

However, the crypto community is over CoinMarketCap He does not lose optimism about the state of Terra Classic at the end of the year, and predicts that it will be trading at an average price of $0.0002582 on December 31, 2022, according to data retrieved on November 25.

Predictions of community members must, as a result 1,356 votes At the time of publication proved correct, this is an increment of $0.0001005 or +63.76% On the LUNC price, which is currently trading at $0.0001577.

Social LUNC price estimate for December 31st. Source: CoinMarketCap

When that happens, the bullish outlook follows the promising LUNC Burn update On November 22, it was reported that more than 28 billion LUNC tokens have been burned, which is about 0.4% of the total supply.

In addition, the Terra Grants Foundation (TGF) the left The first initiative is with Proposition 10946, which aims to reward contributors from 750 million LUNC tokens allocated to developers, validators, and other community members who have contributed to bringing the blockchain to life.

LUNC Technical Analysis

Regarding technical analysis (TA) indicators, the summary is based on TradingViews The 1-week metric currently shows Terra Classic swinging towards “buy” territory at 2 versus “sell” which is also at 2, and “neutral” at 0.

This result is a summary of the MA and oscillators, with the former standing in the ‘sell’ range at 2 (as opposed to 1 for ‘buy’ and 0 for ‘neutral’) and the latter suggesting a strong ‘buy’ at 1, where 0 indicates “sell” or “neutral”.

LUNC technical analysis scale for a week. Source: TradingView

Over the past few months, LUNC has been trading in a steady downtrend, with a few exceptions, following the general trend of most cryptocurrencies. As it stands, LUNC is trading at $0.0001577, down 3.04% from the day plus 12.47% over the previous seven days.

LUNC price chart year-to-date. source: quinphone

Meanwhile, the decentralized finance (DeFi) token has a market capitalization of $942.03 million, maintaining its position as the 42nd largest asset for that index, according to data compiled by Coinphony on November 25.

warning: The content of this website should not be considered as investment advice. Speculative investments. When you invest, your capital is at risk.

Terra Classic (LUNC) Price Prediction Dec 31, 2022 appeared first on Coinphony.

Leave a Reply

Your email address will not be published. Required fields are marked *