Terra Luna Classic (LUNC) has been pumping for the past 24 hours. During this time, the token registered a 23.4% gain, making it one of the top performers in the market. Luna Classic is the new name of the old LUNA token. The LUNA token collapsed by 100% after the May depeg of the TerraUSD (UST) stablecoin.
Terra Luna Classic pumps 34%
Terra Luna Classic has been on a steady uptrend over the past month. The gains have seen some LUNC holders enjoy gains while the rest of the market consolidates as some coins test new lows.
The LUNC chart shows that the token’s buyer and seller behavior is at neutral levels. The RSI in the 40-50 range shows that LUNC is still trading at support levels. However, if the RSI breaks past 60, LUNC will enter a resistance zone, where if it is rejected, it could resume a sharp downtrend.
On the other hand, the moving average convergence divergence (MACD) has crossed above the zero line showing that LUNC is in a bullish market. However, the uptrend could fail if sellers take control of the market due to uncertainty of the broader market’s performance.
Before the collapse of Terra Luna in May, LUNC, which previously traded under the LUNA ticker, was one of the top ten largest cryptocurrencies by market cap. However, the depegging of the UST algorithmic stablecoin saw Luna losing nearly all its value, falling by 100% from an all0tumne high of around $110.
The fall of the Terra Luna blockchain made people need to critically assess the projects they are investing in to identify any vulnerabilities in the structuring and roadmap that could cause notable losses in the future.
Investors that want to be part of a new project that has a solid roadmap and one that has been structured to ensure long-term sustainability should check out Tamadoge (TAMA). Tamadoge is a meme coin project that has also adopted a play-to-earn model.
Terra Luna Classic Video Analysis
Tamadoge brings P2E to the meme coin community
Meme coins created a lot of buzz in 2021. The market’s two most significant meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), reached an all-time high that year. However, the two coins have recorded massive dips, and they struggle to reattain their highs because of several factors, such as lack of utility and poor tokenomics.
Tamadoge has been designed to bring utility to the meme coin space. It has done this by venturing into the play-to-earn. Tamadoge is one of the best Play to Earn games that provides a platform where players can use their doge pets to battle with the other players and receive rewards in the form of TAMA tokens.
The Tamadoge presale is already blowing up a few weeks after its launch. More than half of the presale tokens have already been sold out. At the time of writing, the TAMA presale had raised $8,640,098.
Related
Tamadoge (TAMA) – Next Big Meme Coin
- Beta Sale Ends Sept 2022 – tamadoge.io
- Deflationary, Low Supply – 2 Billion
- Move to Earn, Metaverse Integration on Roadmap
- NFT Doge Pets – Potential for Mass Adoption
- Play to Earn Utility – Rewards Token
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