After wiping billions of dollars worth of investor money in May this year, Terra’s twin collapse of its stablecoin (UST) and its native token after losing its dollar peg heightened the ongoing bearish fire in the crypto market.
‘LUNC’- the rebranded native token of Terra’s original blockchain protocol has followed a rather topsy-turvy path over the last six months. For the most part, the sellers have been dominating the market. With the recent FTX Fiasco, LUNC proved to be one of the worst-hit altcoins as it lost a third of its value alongside the FTT token’s liquidations in early November. Can the recent pump in its price alter the bearish narrative?
Given the recent state of affairs, investors may want to hedge their portfolio risk by diversifying their investments and extending them to presales of promising projects like Dash 2 Trade and IMPT.io. Let’s take a look at how these cryptos could perform alongside LUNC’s likely trajectory.
LUNC Price Prediction- Can it Reclaim the $0.0002 Level?
After bearing the brunt of lost investor confidence, LUNC’s late-August revival rally set the foundation for exceptional growth in September. This rally aided the bulls in pumping the price by over 500% within three weeks toward the $0.000593 mark. Consequently, the coin reached its highest level after Terra’s rebranding in May this year.
As the bears stepped in to reverse this rally, the price action’s subsequent plunge delineated a multi-monthly descending channel (white) on the daily chart.
Since the last few weeks, the buyers have been diligently defending the $0.000152-level baseline by inducing a rebound rally. As a result, LUNC grew by nearly 20% from 22 November- 2 December before reversing from the upper trendline of the descending channel.
Over the last two months, the sellers have exhibited their willingness to undermine the buying rallies from near the 20-day(green)/ 50-day(Cyan) Exponential Moving Averages. A close above these barriers could trace a recovery path toward the $0.0002569-$0.0003387 range. On the flip side, a decline below the $0.000173 support could propel a near-term downturn.
The Chaikin Money Flow (CMF) exhibited an uptrend over the last month and hinted at ease in selling pressure. But the indicator was yet to jump above the zero mark to affirm a bullish edge. A close above zero could trigger a buying signal.
Furthermore, CoinCodex took a bearish stance after considering technical and other factors while predicting that LUNC’s price could fall as low as $0.000131 until 1 January 2023. On the other hand, DigitalCoinPrice forecasted that LUNC could attain the high of $0.00022 by the end of this year and with lows around the same level as CoinCodex’s prediction.
While popular analysts refrained from giving a convincing bullish outlook, investors could consider buying the following two presales that are yet to tap into their growth potential.
Dash 2 Trade- An Unparalleled Crypto Analytics Platform
Dash 2 Trade is a one-of-a-kind crypto analysis and a social trading platform with a vision to help investors make informed investment decisions. Investors now have the opportunity to get their hands on its ongoing presale as it is rushing toward the end of stage 3.
After raising over $8.7 million USDT in a relatively short time, the project has been gaining a lot of traction in the investor community.
Dash 2 Trade’s unique offerings enable its users to fill in the information gaps using the advanced features available on the Dash 2 Trade dashboard. To access these features, the users need to have the D2T tokens. These D2T tokens are central to the project’s functioning and enable users to reap the full benefits of Dash 2 Trade’s platform.
Why Should Investors Consider Buying the D2T Token?
In a time of abundant information, it could be quite complex for an investor to sustainably make sound investment decisions.
The Dash 2 Trade’s features enable users to spot profitable buy/sell opportunities in the market. Users holding these tokens would gain access to Dash 2 Trade’s suite of advanced features. These features include access to apt trading signals, social sentiment & on-chain analytics, a scoring system to gauge upcoming crypto presales, and crypto listing alerts among other things.
The project’s social metrics enable the buyers to assess the impact of various sociocultural events and their potential impact on the price. While investors seek to keep a watch on the best cryptos to buy as per Reddit or Twitter, Dash 2 Trade provides a dependable platform to gauge these social metrics.
In addition to this, Dash 2 Trade’s platform offers an effective way for investors to save a ton of money by leveraging its strategy builder to create profitable trading strategies. Additionally, users can test these strategies in its backtesting platform.
As the project nears the end of its third presale stage, investors may want to consider buying the D2T tokens while they still have a chance.
D2T Subscription Structure and Tokenomics
The project has also set up a subscription structure that is suitable for all kinds of users. The structure is separated into three tiers:
- Free Tier: To access this tier, users need not hold any D2T tokens. But the quantum of available features would be much less.
- Starter Tier (400 D2T/month): Users have access to the automated trading tools, the backtesting platform alongside the on-chain metrics, and information on selected presale launches.
- Premium Tier (1000 D2T/month or 9600 D2T/year at a 20% discount): This tier enables full access to the Dash 2 Trade’s dashboard including advanced features like whale alerts, access to trading competitions, and so on.
While the D2T token’s presale is limited to a portion of its total supply of 1 billion tokens, investors should consider buying early at a discounted price.
IMPT- An Impactful Carbon-Reducing Blockchain Project
IMPT leverages an innovative way to help individuals or businesses to neutralize their carbon footprint effectively.
The uniqueness of IMPT’s solutions has enticed several brands and investors to get involved in its vision to effectively reduce the carbon footprint in the environment. As a result, the project has raised over $14 million which represents more than 50% of its target amount in a relatively short time.
Looking at the increasing environmental concerns that several top crypto projects have faced, investors are constantly on the lookout for the most energy-efficient cryptos. IMPT has proved to be one of the competent options in this regard given its impressive presale performance.
Why Should Investors Consider Buying the IMPT Token?
The project has devised a unique structure to provide users with an opportunity to reduce the carbon dioxide in the atmosphere.
IMPT’s platform allows users to purchase carbon credits without the need to make any extra effort. Users can simply buy carbon credits in the course of day-to-day activities like shopping. IMPT has an alliance with several hundred brands across the globe that are ready to contribute a part of their sales margin for environmental benefits.
The platform has tokenized these carbon credits in the form of NFTs. This ultimately helps prevent any kind of fraudulent activities while keeping an immutable record on the blockchain. The platform has swiftly harnessed the power of blockchains to address vital environmental challenges effectively.
Moreover, users can also list and trade these minted NFTs on the IMPT.io NFT marketplace.
Finally, the users have the option to burn these tokens to compensate for their carbon footprint. Each time the user burns a token, he/she will receive an NFT artwork that is designed specifically for a particular project. Thus, users can also hold these NFTs for investment purposes.
At press time, the IMPT tokens are priced at $0.023 as they approach the end of the presale stage 2. Investors should consider buying the tokens while the prices are low in the current presale stage. The prices are expected to increase after this stage.
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