Terra Luna Classic Price Prediction as LUNC Suddenly Pumps Up 3.5% – Time to Buy?
The price of Luna Classic (LUNC), the token for the largely defunct Terra blockchain, has rebounded from Wednesday lows and was trading around 3.5% higher at just above $0.0001250 as of Thursday, as the cryptocurrency market sees a boost from major blue-chip cryptocurrencies like Bitcoin and Ether. The positive market conditions have helped lift LUNC in recent weeks, with the token up around 9% from its March lows. However, price predictions suggest that a rally to $0.00014 would require a push above LUNC’s 50DMA, which may be a tough ask, given the level acted as strong resistance as recently as early March. Longer-term investors should probably look elsewhere as LUNC is down around 12% due to the view that the original Terra blockchain is a dead project after its collapse last May. Investors may want to consider getting involved in crypto presales for a high-risk-high-reward investment strategy. The Cryptonews team has identified 15 of the best crypto presales for 2023 for investors to consider.
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