Thinking About Investing In $LUNC or $LUNA? Make Your Money Back With Better Utility Coins

Terra Luna Classic (LUNC) and Terra (LUNA) have been market favorites for short-term trading in the past weeks. Both coins are tied to the now defunct project from Terra Labs, which wiped nearly $50 billion off investors’ pockets and triggered an $80 billion slump in the broader DeFi market.

But why exactly are these coins trending lately? There is no solid reason behind the recent gains, and analysts advise traders to practice necessary caution when investing.

Terra Luna Classic (LUNC) Retraces by 18%

The market has just revealed the latest addition to the meme coin frenzy: Terra Luna Classic (LUNC). Now without a real-world use case, a coin that had a bright future once now functions no better than a joke coin.

After staging a 259.10% rally in the last 30 days, LUNC price is back in the hands of the bears – with an 18% dent during the day. The 7-day loss is at 14.24%.

The coin’s price surged following the announcement of the community’s plan for a 1.2% tax burn to regulate supply and eventually push prices up. Aside from this, there was no other reason to fuel price recovery.

What we see in Terra Luna Classic (LUNC) is a token that investors should stay away from in 2023. It is hard to give price predictions to the coin as short-term trend reveals high volatility.

The Relative Strength Index (RSI) had just fallen from the extremely overbought territory to 56.28, which means we will see a reduced price action from LUNC in the coming days.

Terra (LUNA) Follows Terra Luna Classic (LUNC) ‘s Downtrend

Terra (LUNA) followed Terra Luna Classic (LUNC) ‘s pattern reversal and shed 18.23% for the day. Investors rush to the exit after getting rejected at $7.00, sending its price to an intraday low of $3.70 on Sunday.

With the lack of solid fundamentals, investors closely monitor the 20-day exponential moving average (EMA) as it nears surpassing the 50-day EMA. This could signal a short-term bullish trend, but analysts keep their bearish forecasts for LUNA.

The RSI descended to 59.0, showing buyers’ dominance over sellers. On the other hand, a price correction to $1.50 is possible if selling pressure continues.

The Hideaways Deliver 100% Gains On Early Analysts Prediction (With More To Come)

Are LUNA and LUNC suitable investments in 2023? We think investors should consider a presale superstar instead. Launched last week, The Hideaways (HDWY) has proved a massive hit with investors, and it’s easy to see why.

Leading figures in the crypto industry, like The Hideaways, have direct ties with actual physical luxury real estate. This makes it a more stable investment for 2023 when compared to many popular cryptocurrencies like LUNC and LUNA.

The presale has been a smash hit with investors. The team confirmed a price rise on Friday at midnight PDT, with the price increasing 100% from $0.01 to $0.02 for $HDWY. Analysts predict the price will continue this meteoric rise and finish presale between $0.79 – $0.83. A vast 7000% return!

VIP membership tiers have many luxury privileges, such as free private jet flights and a $50k per year global concierge service. With investment starting from just $10k, the team has made their VIP scheme incredible value for money.

Website: https://www.thehideaways.io

Presale: https://ticket.thehideaways.io/register

Telegram: https://t.me/thehideawayscrypto

Twitter: https://twitter.com/hdwycrypto

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