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Terra Classic is a digital currency token that has recently witnessed notable price growth.
However, today there has been a retracement in its price after forming a double-top pattern.
As a result, some investors may consider exploring alternative investment options to diversify their portfolios and seek better returns.
One such alternative that has gained popularity is Chimpzee, an attractive choice for investors looking for other opportunities.
Terra Classic (LUNC) Recent Price Performance
The LUNC token has seen a significant increase in price over the past week, with a rise of more than 15%.
Additionally, within the last 24 hours, it has experienced a further increase of 4%, and at 11:45am EST, LUNC’s price stands at $0.00009263. One possible explanation for this price movement could be the recent burning of LUNC tokens.
The burning of LUNC tokens has garnered support from notable figures in the cryptocurrency industry, including CZ, the CEO of Binance, one of the largest cryptocurrency exchanges.
The LUNC trading volume has dropped by 6.81% in the past day to just over $91 million.
Terra Classic Price Faces Opposition from Resistance Level
Terra Classic’s recent price movement indicates a potential continuation of its bullish trend as it surpasses its 50-day moving average, showing increased buying pressure. The bullish signal from the Moving Average Convergence Divergence (MACD) indicator suggests further upward momentum in the short term.
While the Relative Strength Index (RSI) indicates slightly overbought conditions, there is still room for upward movements. However, the token may face resistance as it remains below its 200-day moving average.
LUNC’s resistance and support levels
The 200-day moving average (MA) is accompanied by a resistance level at $0.00009375, which the token has previously respected. If this level holds, a potential decline could lead to a target support level of around $0.00007767, indicating a 16.5% drop from the current price. It is crucial to exercise caution when making cryptocurrency price predictions due to the high volatility of the market.
While technical indicators offer insights into past price patterns, they do not guarantee future performance. Investors should conduct thorough research and stay updated on market developments before making any decisions.
Possible Influential Factors of Terra Classic Price
The Terra Luna Classic (LUNC) community is actively reviving the token and restoring the peg of USTC to $1 through token burns, staking initiatives, and developer enhancements. Binance and its CEO, CZ, are supporting the community by committing to monthly burns of LUNC spot and margin trading fees.
The community is now seeking Binance’s assistance in the USTC repeg through a market module to stabilize the token’s value. Recent speculation surrounds a deleted tweet from a USTC repeg team member regarding communication with Binance, while the community focuses on resolving infrastructure and algorithm issues for achieving the USTC repeg agreement.
Chimpzee Rising as Alternative To LUNC
Chimpzee, a new digital asset already generating excitement among early investors, has long achieved its initial target of $50,000, fulfilling its promise to plant over 1000 trees through a partnership with One Tree Planted, a global reforestation organization.
The project reached its second raise target of 250K and made a $15,000 donation to the WILD Foundation, contributing to the protection of desert-adapted elephants.
Notably, the team behind Chimpzee actively focuses on saving the black jaguar, emphasizing their commitment to making a real-world impact even during the presale stage.
Main features of $CHMPZ token
Chimpzee offers a few significant features, which include:
NFT Passport
A Chimpzee NFT Passport is crucial for maximizing passive income within the ecosystem. NFT holders enjoy greater benefits and rewards than non-NFT holders regarding trading, shopping, and playing on the Chimpzee platform.
Shop-2-Earn
The Chimpzee shop serves as the Shop-2-Earn feature of the game. Users can earn CHMPZ tokens by selling Chimpzee merchandise.
Profits generated from Chimpzee are donated to charity organizations supported by the web3 platform.
NFT Marketplace
The Chimpzee NFT marketplace facilitates the trade-2-earn component. Users can earn CHMPZ tokens by trading NFTs with other users. A portion of the trading fees is also contributed to environmental charities.
CHMPZ’s presale program
The Chimpzee token’s presale program has generated over $865,000 in funds. Each CHMPZ token is valued at $0.0007 in stage 7 of the presale.
With more than 1.4 billion tokens sold, the project has gained considerable traction among investors and crypto enthusiasts.
The value of CHMPZ tokens could potentially increase to $0.000775 in the next stage of the presale.
How to buy CHMPZ tokens
To purchase Chimpzee tokens, follow these steps:
- Download a crypto wallet that supports ERC-20 tokens, such as Trust Wallet.
- Fund your wallet by acquiring USDT or ETH tokens from a cryptocurrency exchange.
- Connect your wallet to the CHMPZ presale platform.
- Swap your USDT or ETH tokens for CHMPZ tokens within the presale.
- Complete the transaction and claim your CHMPZ tokens in your connected wallet.
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