Terra Luna Classic’s (LUNC) price prediction and performance have made it the best performing coin of the week. Will LUNC hit $1 by 2023?

The price of Terra Luna Classic (LUNC) has increased by 3% in the past 24 hours, reaching $0.00009765. This rise comes as the cryptocurrency market as a whole remains relatively stable during the same timeframe.

Over the past week, LUNC has increased by 14%, and over the past month, it has increased by 7%. However, since the beginning of the year, LUNC has decreased by 32%, in contrast to most other major tokens, which have increased.

Despite this, the Terra Luna Classic community has proposed and passed several plans to boost LUNC, which could help the cryptocurrency make up for lost ground.

Terra Luna Classic Price Prediction as LUNC Becomes Best Performing Coin of the Week – Can LUNC Hit $1 in 2023?

LUNC’s indicators point towards further gains, with its relative strength index (purple) recovering from a slight dip earlier in the week to return to 60 yesterday.

In other words, LUNC still has good momentum, as also signalled by its 30-day moving average (yellow), which continues to ascend further above its 200-day average (blue).

This suggests that more buying demand is entering LUNC’s market, while the positive picture is also helped by the coin’s rising support level (green), which reveals it consolidating around ever-higher bottoms.

Although the wider market remains precarious due to the SEC’s recent enforcement actions, LUNC may experience some dips in the coming days and/or weeks. However, given how oversold it has been in recent months, it is likely due for more rallies.

LUNC’s prospects have also been helped in the past couple of weeks by recent Terra Luna Classic proposals, including one that was passed and will result in the creation of a test environment for re-pegging USTC.

Additionally, yesterday saw the acceptance of a proposal that will enable the Terra Luna Classic blockchain to achieve greater parity with the Cosmos ecosystem, making it interoperable with more blockchains and apps.

This update could help the Terra Luna Classic ecosystem to grow once again, developing more apps that increase demand for LUNC. Combined with the USTC re-peg proposal, the next few months could witness significant gains for LUNC.

Based on its current price of $0.00009765, LUNC is likely to return to $0.0001 in the next few days, before reaching $0.0002 in the next few months. If a re-peg proposal is put into plan, LUNC could rise even higher, losing some decimal places on its march towards regaining $1.

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Other Potential Gainers

While there remains a possibility of a big LUNC rally in the future, traders may prefer to look at newer altcoins that show more potential for significant rallies in the near term, such as presale tokens. One of the biggest presale tokens right now is Wall Street Memes (WSM), a new cryptocurrency associated with the meme stocks movement that was responsible for the infamous 2021 GameStop and AMC rallies. Wall Street Memes launched the presale for its WSM token last week, and it has already raised more than $5.4 million.

While WSM has no obvious fundamentals to speak of, the fact that it has been able to raise so much money so quickly attests to the healthy community it already has at its disposal, and which it will have to support its price once it lists. Its Twitter account already has more than 225,000 followers, again showing that it’s already a popular meme token, even if it hasn’t actually launched fully yet.

The presale for Wall Street Memes is currently in its 11th stage. One WSM costs $0.028 at this stage, but the price will increase to $0.03370000 by the time the offering reaches its 30th and final stage.

Investors can participate by visiting the official Wall Street Memes website and connecting their software wallets. WSM can be purchased using USDT, ETH, BNB, or fiat currency.

Once investors have acquired some WSM, they just need to wait for the coin to list. Recent trends for meme tokens suggest the possibility of some big rallies.

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