Terra Luna Classic tokens, or LUNC, have been in constant decline since the start of the year. All key indicators showed that the token will keep losing value, but things have turned around after massive token burns by Binance. LUNC entered a bullish phase, gaining 12% in the past few days.
The bullish reversal is still ongoing, and if the platform gains enough support, the token could surpass the next critical support level with relative ease. Let’s see if now is the time to invest in LUNC and why you should invest in the newest cloud-based BTC mining platform – Bitcoin Minetrix.
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Terra Classic In an Uptrend After Weeks of Stagnation
Holders of LUNC tokens got great news after a few weeks of complete price stagnation. Terra Classic has turned bearish movements into a mini bull run that could extend for the next few weeks with enough support. The token’s value fluctuated between $0.0001327 and $0.0001467 for a few weeks, scaring away the bulls and threatening to drop even further.
The situation became even more complicated as LUNC plunged as low as $0.00008950, losing over 20% in days. The token pushed through the lower support level, losing momentum, where it stayed for another week. Despite the bad news, some of the Terra Luna Classic community refused to give up on their tokens, claiming that the coin has a chance of reaching $1 by the end of the year. The community burned over 95 billion LUNC tokens since May last year, reducing supply while boosting its value and overall performance. Binance has the most influence on LUNC prices through its burning program, which deleted over 49.1 billion tokens, adding up to nearly 52% of the total burn. The so-called mega burn event is deleting billions of tokens, creating an ideal growth situation that could keep it in an uptrend for the next few weeks.
Is it Too Late to Buy LUNC Now?
The main question is – are you too late to invest in LUNC to get the most out of the next bull run? Let’s look at some essential indicators, including the Moving Average Convergence Divergence or MACD. It shows clear signs of future growth, indicating a strong bullish market in the next few weeks. The averages are also rising, which usually means the token will keep gaining value over time.
If LUNC pushes above the resistance level of $0.0001177, the platform will keep its momentum all the way to the next major resistance level of $0.0001327. If it holds its ground around this price point, Terra Classic could test the next resistance level at $0.0001467 within the next seven days. However, if it loses momentum, LUNC could drop back to the $0.0001024 level, entering a bearish phase that would see the token plunge as low as $0.00008950 in the next few days. If you want to invest in LUNC right now, you better hope it gains enough support in the next few days, or you could lose some money along the way.
Bitcoin Minetrix – A New Crypto Platform To Explode in 2024
If you want to invest in a cryptocurrency almost guaranteed to bring 100x returns in 2024, look no further than Bitcoin Minetrix. It’s a cloud-based BTC mining platform that will go live around the time of the next Bitcoin halving event, allowing you to mine it remotely.
Bitcoin Minetrix is designed to provide average users with a safe, risk-free BTC mining environment without the massive hardware and electricity bill costs. It’s a Stake-to-Mine platform that requires you to stake your BTC MTX tokens to earn mining credits and rent out remote mining rigs to earn BTC.
You can manage and monitor the process using the Bitcoin Minetrix smartphone app and transfer everything you mine directly to a crypto wallet of your choice. Bitcoin Minetrix is built on the Ethereum blockchain, so it’s compatible with all popular wallets and gaining a lot of traction among investors far and wide.
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Making Mining Bitcoin Accessible For Everyone
As stated above, the platform’s primary goal is to allow the regular user to earn BTC tokens without any previous technical knowledge. It provides a legitimate way of earning BTC without actually investing in the token. Bitcoin Minetrix offers a fully decentralized platform with user-owned tokens, so no cash deposits are required.
Its unique design allows users to leverage cloud mining companies and rent out advanced equipment with just a few clicks. As you stake your BTC MTX tokens, you will earn non-fungible mining credits used to rent machines to earn BTC. The more BTC MTX you stake, the more time you will have to mine Bitcoin.
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Bitcoin Minetrix Presale Event Hits $10.3 Million
The official Bitcoin Minetrix token presale has been active for a few months, raising over $10.3 million. The number of investors is growing by the day, and the platform will likely hit its soft cap of $15.2 million in the next few weeks. If you invest in BTC MTX tokens right now, you can get the best price possible.
Moreover, the platform will reward the ten luckiest early investors with another $3,000 worth of BTC MTX just before the tokens go live on all major DEX listings. There are over 44,000 entries so far, so hurry up and invest today to get a chance to win free BTC MTX to get a head start with your Bitcoin mining journey.
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Wrapping Up
Terra Luna Classic is finally on its way back after weeks of stagnation. If it gets enough support from the community, it could see another increase of over 50% in the next few weeks. However, if not, LUNC tokens could lose momentum and fall back into a downtrend.
Bitcoin Minetrix, on the other hand, is an emerging cloud-based BTC mining platform that can only go up in the next few months. So, if you’re looking for a high-growth investment option, investing in BTC MTX today will be your best choice in 2024.