The crypto market has experienced a whirlwind in 2022. Good and bad developments have taken place, and the market is now in a period of historically rare low volatility. While the bear market prices have some investors anxious, many are actually optimistic about the future of the asset class.
However, the Terra Classic (LUNC) token – the center of so much controversy this year – may not be one of those tokens to see a resurgence. Battered after the depegging of the TerraUSD (UST) token, it is yet to see a return to its old form, despite the efforts of its loyal community.
So where is LUNC heading? And are other tokens with strong altruistic goals taking over the crypto market?
Where is LUNC Heading?
Just a few weeks ago, the token jumped by 60% upon news of Binance revealing the burning scheme that would reduce the token’s supply. The LUNC token is currently priced at $0.0002, down from its all-time high of $119 in Apr. 2022. Realistically, the token does not look like it will climb to those prices again.
Community members have made proposals and considered grants to boost the utility of the token. But even with all of these efforts, the path forward for LUNC is going to be a steep upward hill climb for the asset.
Think LUNC burn trade is about to implode — everyone knows what a game of musical chairs is and momentum just broke.
Binance announcement on not burning CEX volumes thins right tail.
5x from lows in these market conditions means elevator down is a high probability. pic.twitter.com/3OlXXRqFTr
— light (@lightcrypto) September 8, 2022
Some analysts are also predicting that LUNC will reach zero in the short-term future. One notable figure, GiganticRebirth, who won a $10 million bet that Terra would crash, believes the token will reach zero.
Can Investors Find Gains in Tokens like IMPT?
IMPT is squarely focused on helping the environment.
As once popular tokens crash, investors in the crypto market are turning to other assets that are working on different goals altogether. One prominent example of this is IMPT, a carbon credits platform that offers stakeholders several ways in which they can contribute to protecting the environment.
IMPT, which was only announced this year, is taking the market by storm and attracting a lot of investors because of its focus on making the environment better. The platform’s native token is IMPT, which is undergoing its presale right now, and it can be used to purchase carbon credits. Each carbon credit offsets 1 ton of carbon equivalent.
The first presale is selling the IMPT token at $0.018 token, with more presales dated for the future. The second presale will see 660 million tokens sold at $0.023, while the final presale will have 540 million tokens sold at $0.028.
IMPT has a lot of features that are stoking environmental consciousness. That includes a green NFT marketplace, a shopping platform, and a social platform. Users can also choose from hundreds of environmental projects to contribute to them.
LUNC Might Crash, But IMPT Could Go Up
The near-term future for LUNC does not look good and it could very well reach zero. Meanwhile, other projects are seeing a rapid rise. The likes of IMPT are changing the way investors look at projects. The strong altruistic focus may suggest a new trend in the crypto market. You can learn more about the project in the IMPT whitepaper or check out the tokens on the IMPT presale page.
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