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Terra Classic Price Prediction: LUNC Might Secure Situations

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Terra Classic (LUNC) Price Forecast – October 15
There has been continued positive support for the rallies in the Terra Classic market against the US dollar, which indicates that the cryptocurrency economy may secure positions at a high point as the price is moving even in a correction. After the statistical data on Coinmarketcap, yesterday’s low and high values ​​were at $0.0002686 and $0.0002893. At present, the percentage rate in the market is 0.04 positive minutes.

LUNC price stats:
LUNC Price Now – $0.00027546
LUNC Market Capitalization – $1.7 Billion
LUNC circulating supply – 6.2 trillion
Total supply of LUNC – 6.9 trillion
Coinmarketcap Ranking – #32

LUNC / USD . market
Main levels:
Resistance Levels: $0.000400,000, $0.00045,000, $0.00050000
Support Levels: $0.000200,000, $0.00015,000, $0.000100,000

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LUNC/USD – Long Term Chart
The long-term chart of LUNC/USD reveals that the cryptocurrency market may secure positions at a high trading point around the $0.0003000 level. The 14-day SMA is at $0.00028720, above $0.00022,160 of the 50-day SMA. The horizontal line was drawn at the $0.000200,000 support level to mark the maximum lower spot price that could push down the side of the moon to recover energy. Stochastic Oscillators are well positioned in the oversold territory to indicate a possible crossover back to the north at the 3.58 and 6.22 band values.

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Will the LUNC/USD market soon reverse course from where it is trading now?

Indicators are on the rise to indicate the possibility LUNC/USD trade oscillates close to Around the $0.00030000 trading point as the crypto business appears to be securing positions firmly near the value line. Long positions may resort to the 1 hour and 4 hour charts to supplement readings in lower trading areas before executing the buy order afterwards. However, traders with large accounts may start executing long trades using the smallest contract measurement.

On the downside from technical analysis, selling activity tends to risk displaying a series of smaller lower bottoms in a way of consolidating towards the trend line from the long-term 50-day SMA if the bulls fail to make a higher near-term. is expected. Those in the short position have to be patient by not going hand in hand with any downside force that can emerge in pursuit of further down for achievement.

LUNC / USD Average Chart

The your color/dollar The medium term chart reveals that the cryptocurrency economy may lock in positions around the trendlines of the SMAs. The 14-day simple moving average slightly outperformed the 50-day simple moving average to the south. Stochastic Oscillators briefly moved south initially. They are trying to close their lines at the range values ​​61.37 and 63.92. It would be an ideal technical thought to allow the oscillators to reposition in low range areas prior to the buy order.

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Blockchain

Dogecoin price prediction as DOGE outperforms Bitcoin and Ethereum in profitability

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Dogecoin price (DOGE) It has been recovering over the past few days as the market is still reeling from the effects of the FTX/Alameda debacle. Crypto Fear and Greed Index is still stuck in the “extreme fear” region at 20, according to data than alternative. The cryptocurrency market sentiment has been hovering in “extreme fear” territory since news of FTX and Sam Bankman-Fried’s mismanagement of customer deposits and the exchange’s illiquidity issues hit the wires earlier this month.

Despite this negative sentiment, DOGE has so far shown some strength, gaining 13.8% over the past four days.

Dogecoin remains solid with the majority of its holders in profit

DOGE is still on its way to be one of the most preferred cryptocurrencies among digital asset investors looking for coins with greater potential. The two largest assets by market cap Bitcoin (BTC) and Ethereum (ETH) are favorites among investors and often provide them with large profit margins.

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However, with the collapse of the cryptocurrency market, DOGE investors have recorded higher returns compared to larger assets and market leaders. During a market downturn, asset prices fall while their profitability reaches new highs.

The year 2022 was a springboard for both Bitcoin and Ethereum as the cryptocurrencies were swinging between profit and loss. After the collapse of cryptocurrency exchange FTX, both BTC and ETH have seen the majority of their holders underwater.

However, things seem to be different for Dogecoin.

The takeover of billionaire Tesla CEO Elon Musk was made official on Twitter in late October, sparking a crowd at DOGE price. The meme coin jumped an impressive 170% from $0.0594 on Oct 25 to a high of $0.1588 on Nov 5. At the time of writing, Dogecoin has lost more than 50% of these gains but at $0.082, its holders are still making profits when compared to investors holding other higher-capitalized cryptocurrencies.

According to data from IntoTheBlock, a data and market analysis firm, more than 50% of Ethereum and Bitcoin investors are incurring losses, but 56% of all DOGE holders are in profit at the current price (see GIOM chart below). This is a significant deviation from the current trend with investors taking such huge losses that Dogecoin’s biggest competitor, Shiba Inu, only sees about 15.53% of its holders gaining at the current price.

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Dogecoin GIOM chart

Dogecoin GIOM chart

IntoTheBlock’s The Historical Money Entry and Exit Model (HIOM) also shows that 69% of all long-term investors have held DOGE for more than a year with 53% of them winning. Sentiment around the Elon Musk-backed cryptocurrency is rather optimistic given these factors.

Dogecoin Price Analysis: Bulls should stay strong above $0.08

DOGE struggled to stay above the critical support level that is embraced by the psychological level of $0.080 (S-1). Dogecoin has also formed a series of higher lows since it fell from the $0.1588 high, with its rally capped by a bearish downtrend line.

However, the ongoing recovery has seen the price breach this resistance line, indicating strength among the buyers. The bulls are likely to remain in control, especially with Cardano trading above two major moving averages, including the 100-period simple moving average (SMA) (in blue), and the 200-period simple moving average (in purple) as well. Shown in 12-hour chart below..

12 hour chart DOGE/USD

Dogecoin price chart

A drop below the $0.080 support could spell doom for Dogecoin price as it could trigger another sell-off.

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Market participants looking to sell at current levels should wait for DOGE to close below $0.080 in the 12-hour candlestick to avoid being trapped by a bear quickly bouncing back to the upside. If this happens, the price could first drop towards the 200 SMA currently at $0.072 or the support flow at $0.06 where the bears can take profits on the downside.

on the upside, A 12-hour candle closing above the $0.080 support line could signal the beginning of a bullish trend. Potential profit-taking targets to look for as DOGE recovers include the $0.090 psychological level, the 50 SMA at $0.098, and the $0.1 resistance.

The stochastic oscillator on the same 12-hour timeframe confirms a strong bullish hold on the price. Price strength at 75.44 indicates that Dogecoin price is firmly in the hands of buyers who are focused on sustaining the recovery and pushing the price towards $0.1 and maximizing their profits.

Other promising pre-sales services serve as alternatives to DOGE

According to the above analysis, Dogecoin price must stay above $0.08 to avoid further losses to $0.06. While the general outlook for Dogecoin is positive, it may take longer to consolidate a recovery that could be stifled by the uncertainty of the current bear market. In such circumstances, intuitive investors look for promising pre-sales that have the potential to double their investment once they are listed on the stock exchanges. A pair of these pre-sales are discussed next.

IMPT

IMPT It is one of the green cryptocurrencies that will be on the market soon. It is designed to allow users to earn and trade NFT-based carbon credits. One can also earn IMPT NFTs by shopping with a wide range of eco-friendly retailers. Converting carbon credits into tokens as NFTs means that these credits can be tracked more transparently, helping to solve many of the problems that have bedeviled carbon markets so far.

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The IMPT pre-sale is still going on at the moment and the IMPT team has so far raised over £13 million in just a few weeks, making it one of the most popular crypto sales right now.

Calvaria (RIA)

Calvaria is a card trading game based on blockchain technology, where players can participate in battle with their NFT-based cards and even earn rewards. Interestingly, it allows players to participate in the game without holding any cryptocurrency, which may help make it more popular than other crypto-based games.

Calvaria is currently in the fourth stage of the pre-sale with over 90% of its Ria tokens sold.

RIA is the native token of the Calvaria ecosystem and is used to purchase in-game items and earn rewards for securing the network through staking. The RIA token pre-sale It raised 1.9 million USD and is currently in its 4th stage, where 40 RIA can be purchased with 1 USDT.

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Blockchain VC funding halved in October despite some strong increases

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Blockchain venture capital inflows fell sharply in October from the previous month. according to Cointelegraph ResearchThe number of single trades decreased from 93 to 69 per month.

Cointelegraph Research Station VC databasewhich compiles comprehensive details of deals, mergers, acquisition activities, investors, cryptocurrency companies, funds and more, shows venture capital inflows decreased by 48.6%, to $843.5 million in venture capital (VC) investments, down from $1.64 billion in September.

Significant increases despite difficult market conditions

Not all news is bad. Signs that there is still active interest from VCs in the blockchain industry are flashing daily. In the Decentralized Finance (DeFi) Sector, Uniswap Labs – The team behind the largest decentralized exchange (DEX), Uniswap – Believer $165 million in the second round led by Polychain Capital, with participation from investors such as Andreessen Horowitz, Paradigm, SV Angel and Variant. The DeFi protocol’s Series B funding round brings Uniswap’s total valuation to $1.66 billion.

Download and purchase this report on the Cointelegraph Research Terminal.

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Blockchain development platform Tatum Starch $41.5 million from Evolution Equity Partners, Octopus Ventures, 3VC, Tensor Ventures, Depo Ventures, Leadblock Fund, Circle, and Bitpanda Founders.

Meanwhile, cryptocurrency custodian Cooper has raised $196 million in his ongoing Series C round. The overall funding goal for copper has not been publicly specified. Barclays Ventures and Tiger Global Management led Cooper’s most recent fundraising. The company has previously received backing from Alan Howard, Dawn Capital and Target Global.

Web3 continues to attract investor interest

The Web3 segment captured 42% of investor interest in October, with more than $350 million in inflows. Investors are looking to Web3 infrastructure companies. Chainsafe, a company focused on protocol implementation and cryptocurrency technology, has secured $18.75 million in Series A led by Round13.

Mobile game publisher Homa Games Starch $100 million Series B funding round led by Quadrille Capital and Headline. Other participants include Northzone, Fabric Ventures, Bpifrance, Eurazeo, and Singular. Homa has published mobile game titles such as Sky Roller, Aquarium Land, and Z Defense.

Celestia startup has also been on investors’ radars, Closing a deal worth $55 million To further develop modular blockchain technology. The round was led by Bain Capital Crypto and Polychain Capital, with participation from Spartan Group, FTX Ventures and Jump Crypto.