The Terra Luna Classic price prediction is bullish, as the LUNC/USD pair has gained support at $0.000169, a support level extended by an upward trendline. The cryptocurrency market has recently been harsh on investors, with most cryptocurrencies failing to generate gains due to liquidity concerns at FTX, Genesis, and numerous other crypto exchanges.
Terra Classic (LUNC) saw a minor price increase, defying the trend of other high market-cap cryptocurrencies.
Terra Classic Community Revives Social Engagement, and Peaks; What about LUNC?
On December 3, Terra Classic LUNC’s social activity made it the most popular altcoin. According to LunarCrush, the social intelligence tracking tool, LUNC has its ever-ready community to thank for the milestone.
Contributions to society comprised 12% of the total, while participation in activities accounted for the remaining 71%. This increase showed a reawakening of activity across social platforms from the LUNC tent.
The token achieving such heights might be tied to the recent landmark hit with LUNC’s burn activities. On December 1, LUNC burn reached a new all-time high of 6,389,633,879, a rise of 972,516% over the previous year.
Some in the LUNC community blame Binance, a cryptocurrency exchange that supported the burn scheme, for the price increase. However, the momentum seems to have dipped, as LunaBurnTracker indicated that there had been a 100% decrease to 3,167,134 LUNC in the last 24 hours.
Terra Luna Classic Price and Tokenomics
The price of LUNC surged by more than 8% in the last seven days, according to CoinMarketCap data. As of this writing, it was trading at $0.000173, with a market cap of more than $1 billion. Given the fear, uncertainty, and doubt (FUD) in the market, trading volume has decreased and has remained below $1 billion.
The LUNC/USD is bearish after breaking through the $0.00016 upward trendline support level. Closing candles below this level have the ability to push the bearish trend all the way to the $0.00011 level.
The RSI indicates a downward trend, whereas the MACD suggests a positive trend. Furthermore, the 50-day moving average is signaling a bearish trend below $0.00022, which is currently acting as a resistance. While LUNC is unlikely to reach $3 anytime soon, a cross over $0.00016 can trigger purchasing till $0.00027 or $0.00036.
In addition to LUNC, IMPT is in the spotlight because its presale ends in one week.
Rush to BUY IMPT – Presale Ends in 1 Week
IMPT, an Ethereum-based platform, is a carbon-credit marketplace that will reward customers for doing business with environmentally friendly businesses. These benefits will be delivered in the form of the company’s IMPT token, which can be used to purchase NFT-based carbon offsets that may be sold or retired.
Trading on the decentralized exchange (DEX) Uniswap will begin on December 14. IMPT is an ERC-20 token, which implies that it is compatible with the Ethereum network, which already houses hundreds of high-quality tokens. LBank and Changelly Pro, two centralized exchanges, will list IMPT shortly after its DEX launch.
Since the beginning of its presale in October, IMPT has raised more than $13.6 million, with 1 IMPT now trading at $0.023. Due to its phenomenal success, IMPT.io, a new platform for carbon offsetting and carbon credits trading, will end its token presale on December 11.
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