Crypto Prices Slightly Down, Market Cap Unchanged
The global crypto market capitalization remains at $1.06 trillion, with crypto prices experiencing a slight decline. However, Zilliqa (ZIL) and Terra Classic (LUNC) have shown impressive performances, leading the top 100 cryptocurrencies in gains. ZIL and LUNC rallied 9.5% and 9% respectively in the last 24 hours. Curve DAO Token (CRV) and ApeCoin (APE) also saw gains of 5.2% and 2.74% respectively, while ALGO closed the top five biggest gainers with a 2.68% increase.
Terra Classic Community Remains Bullish
The Terra Classic community is optimistic about the price of LUNC as over 25 million tokens have been burnt, creating scarcity and increasing token value. The price of LUNC has risen by 9% accompanied by a significant increase in daily trading volume by 360%. This suggests that if buyers can sustain these higher levels and push the price above resistance levels, LUNC may continue to soar in the coming days.
Is Terra Classic Ready for a Return?
LUNC price is preparing for a breakout from a descending parallel channel pattern on the daily chart. The Terra Classic army’s resilience has kept the token in a fourth straight bullish session, indicating a potential rise above the 50-day Simple Moving Average (SMA) at $0.00006538. Breaking this barrier could lead to a rise to $0.00007610, representing a 23.5% increase from the current price.
LUNC Alternatives: Wall Street Memes Presale
Wall Street Memes (WSM), inspired by the GameStop fiasco, is currently one of the best cryptos in presale. It has raised over $25 million and is set to be listed on a Tier 1 exchange in just three days. This presents an opportunity for investors to buy WSM tokens before its price becomes volatile. The token may potentially provide 10X-100X returns after listing.
Hot Take: Crypto Investment and Research
It’s important to note that crypto prices are highly volatile, and thorough research should be conducted before investing in any project. However, new cryptos like Wall Street Memes offer a low-risk-to-reward ratio and present good investment options. Investors can still participate in the WSM presale and buy tokens on the project’s website using various payment methods.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.