LUNC Pumps 23% to $0.000123 – Time to Buy Terra Luna Classic Now?
Terra Luna Classic (LUNC) has been rising for the past 24 hours. During this time, the token has risen 23.4%, making it one of the best performing tokens on the market. Luna Classic is the new name for the old LUNA token. The LUNA token plummeted 100% after the TerraUSD (UST) stablecoin was depegged in May.
Terra Luna Classic (LUNC) on the Upswing
Terra Luna Classic has been on a steady uptrend for the past month. Some LUNC holders enjoy gains while the rest of the market consolidates as some coins test new lows.
The LUNC chart shows that the token’s buyer and seller behavior is at neutral levels. The RSI in the 40-50 range indicates that LUNC is still trading at support levels. However, if the RSI breaks above 60, LUNC will enter a resistance zone and if rejected, it may resume a sharp downtrend.
On the other hand, the moving average convergence divergence (MACD) has crossed above the zero line showing that LUNC is in a bullish market. However, the uptrend could fail if sellers take control of the market due to uncertainty of the broader market’s performance.
Before the collapse of Terra Luna in May, LUNC, which previously traded under the LUNA ticker, was one of the top ten largest cryptocurrencies by market cap. However, the depegging of the UST algorithmic stablecoin saw Luna losing nearly all its value, falling by 100% from an all0tumne high of around $110.
The fall of the Terra Luna blockchain made people need to critically assess the projects they are investing in to identify any vulnerabilities in the structuring and roadmap that could cause notable losses in the future.
Investors that want to be part of a new project that has a solid roadmap and one that has been structured to ensure long-term sustainability should check out Tamadoge (TAMA). Tamadoge is a meme coin project that has also adopted a play-to-earn model.
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Tamadoge – Hottest New Play-to-Earn Crypto Project
Meme coins created a lot of buzz in 2021. The two most important meme coins on the market, Dogcoin (DOGE) and Shiba Inu (SHIB), hit all-time highs that year. However, both coins have fallen significantly and are struggling to reach their highs again due to several factors including lack of utility and poor token economics.
Tamadoge has been designed to bring utility to the meme coin space. It has done this by venturing into the play-to-earn. Tamadoge is one of the best play to earn crypto games that provides a platform where players can use their doge pets to battle with each other and earn rewards in the form of TAMA tokens.
Check out our guide on how and where to buy Tamadoge coin.