The whole financial industry is steadily rebounding after a disastrous first quarter that saw numerous banks fail.
The market greed and fear index has changed gears in the last day, with the US stock market currently displaying the ‘Greed’ indication, which denotes an increase in optimistic activity.
The cryptocurrency market has successfully survived this difficult time and utilized it as fuel to surpass the $1 trillion market size.
As a result of an overnight increase of 2.46%, the young sector has achieved another milestone and is now valued at over $1.21 trillion.
LUNC has grabbed the bullish wave and is riding it along, even if large assets like Bitcoin and Ethereum are leading the way.
Since the Terra ecosystem’s collapse, which resulted in the ecosystem’s division in two, the decentralized financial asset has had difficulty. The currency, nevertheless, appears to have gained traction and turned around.
Is now a good time to purchase LUNC given its recent rise and market momentum?
New Price Levels Are Found by LUNC
The Terra Luna Classic (LUNC) is now up 1.61% over the previous day and 2.0% over the past week, trading at $0.000124 as of this writing.
The asset has dropped 4.4% over the previous two weeks and 14.3% over the previous month prior to this.
The 24-hour trade volume has risen to $45 million due to the most recent uptick, indicating a rally is about to take place. Terra Luna Classic’s market value as of right now is projected to be $731,547,123, with a total of 5.8 trillion LUNC coins in circulation.
However, as can be seen from the asset’s technical graph, which exhibits little velocity, the current trend has had little effect on LUNC.
The price of the Terra asset is currently below both the 200-day SMA ($0.00019) and the 50-day SMA ($0.00015) of simple moving averages.
The asset has been in fast slide since striking resistance at the 38.2% Fibonacci retracement level of $0.00016, according to the technical graph. After gaining traction, the digital asset fell below $0.00010, the 0% Fibonacci retracement level.
The 23.6% Fibonacci retracement figure of $0.00013 may be reached by LUNC if the present bull run continues.
The Moving Average Convergence Divergence (MACD) indicator’s purchase signal supports LUNC’s bullish momentum. Investor interest in the asset is increased when the MACD line crosses the signal line.
Investors may be certain, nevertheless, that the coin is not yet overbought because the relative strength index (RSI) is just 43.35.
Launch of the Defi Platform by Terra (LUNC)
After several months of waiting, the Terra Classic (LUNC) DeFi platform, Terraport, has now been made available. The TerraCVitta development team created the project.
Terra Classic provides a launchpad for the Terra Classic Ecosystem and a LUNC-based decentralized exchange (DEX)
Users can exchange their three tokens—TERRA, Terra Classic (LUNC), and Terra Classic USD (USD)—on the site.
Think About These Assets That Drive Value for Gains
Investors looking to diversify their holdings can profit from these two value-driven cryptocurrencies even though LUNC’s performance is still negative.
Investors have the chance to be early adopters since many digital assets are still in the presale stage.
The METRO token from Metropoly is an example of a value-driven asset.
The considerable staking capabilities it offers also includes an annual percentage rate (APR) that depends on the lockup duration but ranges from 16% to 60%.
The real estate market is being transformed by the blockchain thanks to Metropoly, the first decentralized non-fungible token (NFT) marketplace.
Traditional offline real estate transactions confront several difficulties, such as excessive mortgage rates, unreliable middlemen, and needless time consumption.
Everyone now has access to fractional ownership of assets that function as NFTs and produce income thanks to Metropoly. No matter where you are located or what your credit score is, you may buy the houses for as low as $100.
The price of the $METRO token at the time of publication is $0.0769. Over $1.12 million was raised in the presale for the blockchain real estate initiative.
Investors should also think of Love Hate Inu’s LHINU cryptocurrency as a value-driven asset.
In order to give consumers a safe and transparent means to vote on important issues, Love Hate Inu, a meme vote-to-earn platform, employs blockchain technology.
By staking the LHINU token for 30 days, users can cast ballots; the more they stake, the more voting power they receive.
LHINU is currently being sold at $0.000105 per token. In just a few weeks, the meme project has received almost $2.86 million, demonstrating a significant level of investor interest.
