12-day countdown begins for lesser-known crypto as Terra Luna Classic plummets to zero amidst falling LUNC price.

The price of Terra Luna Classic has decreased by 3% in the past 24 hours, with the coin falling to $0.00008443 and experiencing a 4.5% loss in the last seven days.

LUNC has also dropped by 13.5% in the past month and by 42% since the beginning of the year. This decline is in contrast to most other major tokens, such as BTC, which has increased by 83% since January.

These falls are a result of a loss of momentum in community efforts to re-peg the related USTC stablecoin to the US dollar. If this were to become a reality, it would significantly boost LUNC’s price.

However, little progress has been made on this front in recent weeks and months, leading traders to consider more promising alternatives. The success of the Thug Life Token (THUG) presale suggests that it may be worth watching.

Terra Luna Classic is Going to Zero as LUNC Price Keeps Falling But All Attention is on This Lesser Known Crypto – 12 Day Countdown Begins

The chart for LUNC shows that the altcoin is currently in a weak position. Its relative strength index (purple) is approaching 30 and is likely to fall to 20 in the next day.

LUNC’s 30-day moving average (yellow) is also declining, with the indicator dropping further below the coin’s 200-day average (blue). There is still plenty of room for it to continue sliding before reaching the bottom.

At the same time, LUNC’s support level (green) is still weak, indicating that the altcoin will not be able to defend itself from further losses in the coming days.

In other words, the current outlook for LUNC is not great. This is due to the Terra Luna Classic community’s lack of progress in boosting its price.

Recently, the community has accepted a proposal to simulate a mechanism that would gradually re-peg USTC through buybacks. However, similar proposals have been accepted in the past without bringing USTC or LUNC any closer to their former values.

Judging by LUNC’s declining price, it seems that the market is becoming increasingly frustrated and bored with the lack of significant price action.

As a result, traders may want to consider other options for potential gains. One such option is the Thug Life Token (THUG), which is one of the most promising new altcoins in the market.

THUG is an ERC-20 meme token that has aligned itself with the gangsta rap and hip-hop communities. Its use of imagery and memes aims to attract a wider range of potential holders compared to similar coins.

The presale for Thug Life Token has already raised over $400,000 in just one week, indicating strong community support.

The presale will only have a single stage and will end in approximately 12 days. 70% of the coin’s supply (4.20 billion) will be reserved for the presale.

This significant allocation for the presale will help attract more investors who will be reassured that THUG won’t experience a major sell-off.

Interested investors should act quickly to participate in the presale before it ends. The presale has a hard cap of $2,058,000.

To join the presale, investors can visit the official Thug Life Token website and connect their software wallets.

1 THUG is priced at $0.0007, which may seem very cheap once THUG is listed on exchanges in the coming weeks.

Visit Thug Life Token Now

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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