The cryptocurrency market is recovering from final week’s droop, and Tera Classic’s LUNC is main the approach.
LUNC, the native coin of the Terra Classic ecosystem, is the finest performer amongst the prime 100 cryptocurrencies in the final 24 hours.
The coin has added greater than 13% to its worth today, outperforming the different main cryptocurrencies in the market.
LUNC’s rally comes as the broader cryptocurrency market is recovering from its latest droop. The broader market has added almost 5% to its worth today, with the whole market cap closing in on the $950 billion mark.
Bitcoin is buying and selling above $19k as soon as once more after dropping beneath that degree earlier this week. BTC is up by greater than 4% in the final 24 hours.
Ether didn’t rally following the Merge occasion that was accomplished just a few hours in the past. After dropping beneath $1,300 yesterday, ETH is buying and selling at $1,357 at press time, up by greater than 4% today.
LUNC’s optimistic efficiency comes roughly 24 hours after the Terra Classic staff launched a brand new characteristic.
1/ New characteristic incoming, #LUNAtics!????
Now it’s possible you’ll get the finest worth when performing swaps on Terra Station, powered by @tfm_com’s DEX Aggregator ????
— Terra ???? Powered by LUNA ???? (@terra_money) September 19, 2022
The new characteristic permits Terra Classic customers to get the finest worth when performing swaps on Terra Station.
Key ranges to observe
The LUNC/USDT 4-hour chart stays bearish regardless of LUNC including greater than 13% to its worth on Tuesday.
LUNC/USDT Chart By TradingView
The MACD line is beneath the impartial zone. However, it has been transferring upwards over the previous few hours and will enter the optimistic area if the present market momentum is maintained.
The 14-day relative power index of 46 exhibits that LUNC is not in the oversold area.
At press time, LUNC is buying and selling at $0.00029874 per coin. If the rally continues, LUNC may surge previous the $0.00035972 resistance degree earlier than the finish of the day.
However, LUNC would want to embark on a bullish run to cross the $0.00044114 resistance degree in the close to time period.
Where to purchase now
As LUNC is such a brand new asset, it is but to be listed on main exchanges. You can nonetheless buy LUNC utilizing a DEX (decentralised trade) although, which simply means there are just a few additional steps. To purchase LUNC proper now, observe these steps:
1. Buy ETH on a regulated trade or dealer, like eToro ›
We counsel eToro as a result of it is one in every of the world’s main multi-asset buying and selling platforms, an trade and pockets all-in-one with a few of the lowest charges in the business. It’s additionally beginner-friendly, and has extra fee strategies out there to customers than every other out there service.
2. Send your ETH to a appropriate pockets like Trust Wallet or MetaMask
You’ll must create your pockets, seize your deal with, and ship your cash there.
3. Connect your pockets to the 1Inch DEX
Head to 1Inch, and ‘join’ your pockets to it.
4. You can now swap your ETH for LUNC
Now that you just’re related, you can swap for 100s of cash together with LUNC.
