Despite the fact that the crypto market continues to stagnate at the end of the year with low trading volumes following the departure of many traders and major market players on vacation, LUNC recorded a strong increase. LUNC is the token that powers the still-functioning original version of the Terra blockchain and has been trading up around 25% on the week lately, just north of the $0.00018 level. The short-term technical outlook for the cryptocurrency has recently taken a bullish turn.
LUNC breaks a key mid-term downtrend
This rise seems to be the result of the technical break of an ongoing downtrend since early October. This latest move higher saw LUNC rise from $0.000145 to $0.00018 at the start of the week, and break above its 21, 50 and 200 day moving averages at $0.000154, $0.000163 and 0, $000179 respectively.
Price prediction for LUNC
The bulls have likely reached their first profit target since the breakout of the mid-term downtrend. The $0.0001850-$0.00019 area has been an important support-resistance zone since late September. The bulls were unable to bring LUNC above this area, suggesting that profit taking is becoming more important. This could result in LUNC pulling back towards the support at $0.00016 in the near term.
However, the medium-term outlook for LUNC looks a little more favourable, meaning some investors could take advantage of any retracement towards the $0.00016 area. Should the bulls manage to sustainably breach the $0.000185-19 resistance, it could open the door for a fresh upward trajectory towards the next major resistance zone around $0.00028.
The question on everyone’s lips is whether LUNC can get back to the $1 level. Indeed, prior to the collapse of the Terra ecosystem and the removal of the UST token which caused the hyperinflation of LUNA (now LUNC), LUNA was trading well above $1 per token. LUNA had even reached $120 at one point before its collapse.
But current LUNC tokenomics indicate that a return to $1 is unlikely. Indeed, nearly 6 trillion LUNC tokens are in circulation. At $1 per token, the value of LUNC would be $6 trillion, or nearly 19 times the current Bitcoin market capitalization. LUNC needs to experience a substantial reduction in the number of jets in circulation to have any chance of climbing back to $1.
Other altcoins to consider
While the vast majority of cryptocurrencies don’t show much promise of a near-term rebound, some investors might keep diversifying their portfolios. Here are some promising altcoins currently being sold at low prices in new fundraising rounds.
The move-to-earn niche sector seems to have a lot of promise, but early successes like STEPN have significant limitations that have, until now, prevented them from conquering the general public. Billing itself as the future of move-to-earn, FightOut wants to change that in 2023. FightOut is a new fitness web3 app and gym chain that rewards its users for training, challenges that they are coordinated and the competitions they engage in a one-of-a-kind fitness metaverse.
While existing M2E apps, such as STEPN, will become the purchase of non-fungible tokens (NFTs) required to participate, FightOut takes a more holistic approach to tracking users and rewarding them for their exercise and activity, and no longer requires no purchases planned.
The project aims to eventually acquire gyms in every major city in the world, while simultaneously promoting an integrated fitness experience on the web3. At the center of FightOut’s digital ecosystem will be its smartphone app, which according to FightOut’s white paper is expected to be released in the second quarter of 2023.
The FightOut app leverages smartphone and wearable technology to measure and track physical performance. The app will have its own internal token economy, where users can earn rewards for completing M2E tasks and create unique avatars through “soulbound tokens”, which will allow them to interact with the metaverses of Fight Out.
FGHT is the token that powers the FightOut metaverse ecosystem. Users will pay to participate in competitions and leagues with FGHT, and winnings will be paid out in FGHT.
FGHT tokens can also be used in peer-to-peer fitness bets. FightOut FGHT tokens are currently selling at 60.06 for 1 USDT, and expected investors are encouraged to take the necessary steps to purchase their tokens, as the pre-sale has already raised over $2.58 million in a few weeks.
Trade Dash 2 (D2T)
Those looking to invest in a promising crypto trading platform need look no further than Dash 2 Trade. This booming social trading and analytics platform could become a benchmark in the crypto trading industry thanks to a host of unique features. These contain trading signals, social and on-chain sentiment indicators, pre-sale token valuation system, token quote alert system, and strategy back-testing tool.
The Dash 2 Trade ecosystem will be powered by the D2T token, which users will need to purchase and hold in order to access platform functionality. Dash 2 Trade is currently conducting a pre-sale of tokens at deeply discounted rates and sales recently exceeded $11 million. The pre-sale dashboard will be released soon as the development team is currently ahead of schedule. The tokens are currently selling at $0.0533 each and D2T will be listed on an initial CEX on Wednesday, January 11.
The carbon credit industry should be worth 2.4 trillion dollars by 2027. Democratizing access to these benefits could represent a massive opportunity in the years to come, which led C+Charge to launch its project. C+Charge is currently implementing a blockchain-based Peer-to-Peer (P2P) payment system for electric vehicle (EV) charging stations that will allow their drivers to earn carbon credits.
C+Charge reinforces the role of carbon credits as a key incentive for EV adoption. Currently, big EV makers like Tesla are making millions selling carbon credits to polluters. C+Charge wants to democratize the carbon credit market by allowing more of these rewards to end up in the hands of EV owners, rather than large corporations.
C+Charge has just launched the pre-sale of the CCHG token that its platform will use to pay for EV charging stations. The tokens are currently selling for $0.013 each, but by the time the pre-sale ends, that price will have increased by 80%. Those willing to invest early in a promising and environmentally friendly crypto project should therefore act quickly.
Amid growing popularity in recent years of environmentally and socially friendly investments, investors looking for a green cryptocurrency should take a look at the IMPT token. IMPT.io has partnered with thousands of the world’s largest retailers to help them offset their carbon footprint and allows users to trade carbon credits on the blockchain.
IMPT has been trading since December 12, and at the current price of $0.019 per token, it is currently selling at a low price. Tokens can be purchased on LBANK.
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