Hours before the New Year, Terra Luna Classic fights to maintain support above support at $0.00014. Investors and cryptocurrency enthusiasts were ecstatic in 2021, anticipating a number of key developments and milestones in 2022.
The general populace casually discussed cryptocurrencies and contrasted Bitcoin and Ethereum (ETH) (BTC). Companies like FTX and Crypto.com received lavish promotional treatments at sporting venues. NFTs, or nonfungible tokens, were able to set new standards in 2021 despite growing widespread economic use.
After a year, topics that were once amicable turned acrimonious, starting with the death of Terra (LUNA) and its stablecoin ecosystem backed by TerraUSD (UST). Since then, there has been a decline in the value of the bigger cryptocurrencies, which has been bad for companies like Three Arrows Capital, Voyager Digital, and Celsius Network.
Sam Bankman-Fried’s FTX exchange fell after going through a liquidity crisis in November, just as investors were starting to expect a year-end increase. FTX, Alameda Research, and its sibling company filed for Chapter 11 bankruptcy protection on behalf of more than 100 entities under their control. BlockFi exposure to FTX struggled and ultimately filed for bankruptcy.
Price of the Terra Luna Classic Seek a Bottom
While bulls fight round-the-clock to protect the falling dotted trend line, which serves as immediate support, the Terra Classic price sags at $0.0000146. The momentum of the green candle is strengthening, but it won’t mean as much unless price breaks through resistance at the 50-day Simple Exponential Moving Average (EMA) near $0.0001546 and holds there.
For the potential short-term bullish view in LUNC to materialise, another climb above the ensuing declining trend line on the 12-hour time frame chart is necessary. In order to potentially profit at $0.0005888, investors would be encouraged to support the price of Terra Luna Classic if price movement rose over this level.
The beginning of 2023 might be challenging for LUNC if the aforementioned actions are not taken. Recognize that an investor’s concern could increase if there is a clean break below the dotted trendline, which could lead to another sell-off.
A gloomy prognosis on the price of Terra Luna Classic is supported by the Directional Movement Index (DMI), which is presently giving a sell signal.
In order to confirm an impending aggressive push by the bears, traders wait for the -DI (brown line) crossing over the +DI (line in blue). The demand zone between $0.000085 and $0.000011, which is probably the bottom LUNC has been looking for since June of this year, may experience decreases in such scenario.
Considerations for Altcoins in Q1 2023
Given the present crypto cold, investors who want to survive until 2023 must rearrange their portfolios. Reputable analysts like Peter Brandt have predicted that the bear market may last until the end of 2023 as cryptocurrencies move in a largely horizontal trend.
Therefore, it’s crucial to consider new businesses that offer quicker returns. Even better, while they are currently in the presale phase, some of these tokens will be published on exchanges as early as January 2023.
FightOut (FGHT)
Investors curious about Move-to-Earn (M2E) platforms like SweatCoin and STEPN could be interested in finding out more about the newest player. FightOut is creating a community of like-minded individuals who want to make money by engaging in productive activities like working out.
The FightOut team has discovered that encouraging growth within a lively community and offering incentives are two tried-and-true ways to get people to stick with new routines.
FightOut will release a fitness app after the presale to monitor member progress and disperse proceeds. For its users around the world, the ecosystem will also buy a chain of fitness centres.
The FightOut ecosystem is powered by the FGHT token. 1 FGHT is available to users for 0.0166 USDT. Prior to FGHT’s maiden CEX listing on April 5, the team has raised more than $2.47 million.
Dash 2 Trade (D2T)
Investors might also be drawn to a ground-breaking crypto analytics venture like Dash 2 Trade. Dash 2 Trade was developed to help investors make wise decisions. It was created by members of the renowned Learn2Trade.
By offering trading signals, Dash 2 Trade goes above and beyond platforms like Glassnode, Santiment, and CryptoQuant to make sure that traders take advantage of all chances at all times. For traders to identify popular coins, a platform for social sentiment and on-chain analytics will also be in place.
A strategy builder is also being developed with the assistance of Learn 2 Trade to give traders access to real-time pricing data from exchanges so they may develop methods and backtest them before using them in the live market.
With $11.49 million raised, D2presale T’s is nearly finished. Early bird access is only available until January 11, when the first CEX listing will occur.
C+Charge (CCHG)
C+Charge is focused on opening up the carbon economy to more people. According to C+Charge, large firms like Tesla that produce electric cars (EVs) have dominated the carbon credit market for a long time, leaving out consumers who use the same vehicles on the road.
The C+Charge team is hopeful that this blockchain-based technology will bring this industry to a wider audience. The ecosystem-specific application’s charging services will be paid for using the CCHG token.
The same app will have a carbon credit tracker loaded, allowing users to access details like payment methods, charging station locations, and current wait times.
The C+Charge presale has raised $44k so far. Currently, investors can purchase 1 CCHG token for 0.013 USDT. There are about 156 million tokens left until the cost rises to 0.0165 USDT.
