- Terra Luna needs to focus on increasing liquidity, adoption, and utilization.
- Golteum’s fractional reserve NFT approach could help facilitate increased liquidity and offers much faster and seamless trading.
To achieve its goal of reaching $1 per LUNC token, Terra Luna needs to focus on increasing liquidity, adoption, and utilization. The project already has partnerships with numerous exchanges around the world which will help facilitate this growth. Additionally, Terra Luna has launched several initiatives such as the “Guaranteed Buyback program” which encourages users to purchase and hold the LUNC token, as well as incentivizes users to use the platform more often
TRON, Golteum and LUNC
The Tron (TRX) crypto-asset was developed and released in 2017 by the Tron Foundation, a decentralized blockchain platform. It began as an ERC-20 token based on the Ethereum network, later transferring to its own mainnet with goals of facilitating full ownership rights for digital content creators.
Their mission is to support content creators, who are inadequately rewarded for their work. The company provides a platform for consumers of this content to directly reward the makers – cutting out costly middlemen like YouTube, Facebook and Apple. This way we can ensure that more rewards reach those who truly deserve them!
- LUNC, the native cryptocurrency that powers the Terra Luna Classic blockchain, was recently trading near the $0.00017 mark.
- The cryptocurrency is still ranging about 14% higher versus its November lows under $0.00015, but has seen a sharp pullback since nearing $0.00019 earlier this month.
- LUNC had been trending higher since June but broke below this uptrend in mid-November and has been moving lower ever since.
- Bears are targeting a retest of recent lows under $0.00015, and many think a break below here could open the door for a drop back to sub-$0.0001 level
Golteum’s gold-backed NFT marketplace and ecosystem is powered up by the GLTM token, a native utility token that offers its users a variety of exclusive features, such as reduced fees. During the private sale the token was valued at 7 cents and since then increased by 85% to 13 cents, making it a very successful option to consider that demonstrates great potential.
By bridging traditional gold with blockchain technology, Golteum aims to bring real innovation and stability to cryptocurrency markets. The main difference between Golteum and Terra Luna Classic is their approach to gold reserves.
Golteum utilizes fractional reserve NFTs, which allows it to increase liquidity without increasing supply of tokens. This makes it easier for investors to trade or liquidate their investments quickly, without having to wait for long periods of time due to lack of liquidity. Additionally, Golteum’s smart contracts are designed with increased security in mind, making them more secure and reliable than traditional forms of gold-backed stablecoins.
All of the above reasons make Golteum a great investment for you that has the potential to rise in price.
Golteum’s Rise and LUNC Comparison
Ultimately, it is difficult to predict whether LUNC will hit $1 before 2023. However, the Terra Luna Classic project has made significant progress in increasing liquidity and adoption since its launch, which should bode well for the future growth of the cryptocurrency.
Additionally, Golteum’s fractional reserve NFT approach could help facilitate increased liquidity and offers a much faster and seamless trading experience to investors that are used to deal with physical gold.
The gold narrative is generally strong at the moment as the precious metal is seen as a safe haven in times of crisis, like the recession we are in now. It is a great hedge against inflation too. A place for investors to look when rebalancing their portfolio, Golteum’s project has a worthy place in your allocation of funds. Moreover, to support their mission in launching a top-tier trading platform, they’ve chosen to integrate the Fireblocks Web3 Engine. This includes custody services, treasury management, risk mitigation tools, and their highly anticipated tokenization mechanism for the handling of all gold NFTs.
- Crypto traders often wonder if LUNC can make a comeback to its former glory days, with some asking if it can return to $1.
- In order for LUNC to reach $1 again, it would need to increase by nearly 600,000%.
- The market capitalization for LUNC would need to be around $5.9912 trillion in order for each token to be worth $1.
- This is highly unlikely given that the current market capitalization for Bitcoin is only at $320 billion and LUNC was abandoned by users and developers.
Find Out More About The Golteum Presale
Website: https://www.golteum.io
Presale: https://presale.golteum.io/register
Whitepaper: #
Telegram: https://t.me/golteum
