The collapse of the Terra blockchain in May left many investors insolvent. LUNA's price peaked at $119 before it faced ruin, but the people behind this project were not willing to give up on their ideas completely, which is why there was Terra Luna Hard Fork (TLH). It was an attempt to turn things around.
However, although the idea was good, the implementation wasn't so fruitful. Luna Classic (LUNC) price continues its downward trend despite the token burn, which was supposed to increase demand for LUNC. Since Terra Luna Classic is going fast towards the price of $0, we will provide five altcoins to pay attention to and invest in at the moment and five reasons why you should avoid investing in LUNC now!
Top 5 altcoins to invest in until the end of 2022
If you are thinking about the coin that you will invest in next, we will give you five most popular altcoins right now:
-
Dash 2 Trade (D2T).
-
IMPT (IMPT).
-
Calvaria (RIA).
-
Decentraland (MANA).
-
Ethereum (ETH).
We will make sure to elaborate and provide the essential facts about each one of them, so let's begin!
1. Dash 2 Trade
Dash 2 Trade platform has been designed with the goal of making trade investments easier and more profitable. The presale of its native coin, D2T, started on October 19th, and it has already progressed to the second stage. So far, $2,1 million has been raised, and the investors can get 1 D2T for the price of 0.05 USDT, so if you wish to invest, here is your chance!
2. IMPT (IMPT)
The future of climate change seems bright, with one particular green cryptocurrency emerging as a promising solution! With its blockchain-based system, people can reduce their carbon footprint by buying or selling carbon credits but also retiring them, which will contribute to the preservation of our planet. There is currently an ongoing presale, and $8,9 million has been raised so far.
3. Calvaria (RIA)
Calvaria is a new card game based on the play-to-earn principle. It is the link between the crypto world and the real world, where the players and investors will get to taste one interesting game. The fact that it will be available on PCs and mobile app stores will make it accessible to all players eager to play something new. There is currently an ongoing presale of its native token RIA, and so far, 76,852 USDT are already raised, so hurry up before the presale goes into the second stage and the price goes up!
4. Decentraland (MANA)
Decentraland is a Metaverse world, and its native token is MANA. The players get a chance to buy and sell land but also enjoy various experiences that this platform has to offer. The price of MANA today is $0.608, and there has been a 0.95% price increase in the last 24 hours, which shows its good position on the market.
5. Ethereum (ETH)
Ethereum has been one of the most potent crypto assets to buy and hold for years now. And with all the developments taking place in its ecosystem, it is reflected in its price today. The value of ETH today is $1,346.04, and there has been a 0.59% price increase in the 24 hours.
5 reasons why investing in LUNC may not be a good idea
In order to help you understand better why it is better to think about other options when it comes to investing, we will elaborate on five reasons that will help you get a better idea of the situation that LUNC is currently in!
1. The price of Luna Classic is declining
The price of LUNC today is $ 0.0002304, and there has been a 0.92% price decline in the last 24 hours. When we look at the last seven days, the drop is even more noticeable because the price declined by 13.69%. Looking at the bigger picture, it seems like the price of LUNC has been in sharp decline for the last few weeks, which means that investing in it now won't be the wisest choice.
2. Investing in it now is too risky
The volatility of the crypto market is undeniable, and even though there is no chance to avoid this fact, coins with a sharp price decline show the evident circumstances surrounding the coin. Looking at the history of LUNC, it is obvious that the investors are not ready to forget the issues the company faced earlier this year that caused many investors to lose their wealth, and together with the value that is going down, the outcome is obvious.
3. Its potential is questionable
The current position of LUNC is under the whole cloud of question marks despite the fact that 8.6 billion LUNC have been burned so far, which was supposed to increase the demand. However, the hope that it will actually drive the demand failed to hit the goal. We can see the lack of genuine interest in this coin, which is driving the investors away from it.
4. Investing in Luna Classic is making investors uneasy
Not so long ago, in May this year, the Luna crypto network crashed, causing 60 billion dollars to vanish. Since it is recent history, it is understandable why investors find it nerve-wracking even to consider investing in it now.
5. There are better coins on the market
Let's face it, investing is all about the earnings, and if there are other coins on the market that are showing a bigger potential than LUNC, then that's the way that the investors will go! This is why we made a list of the five altcoins that have real potential and can bring genuine gains in the near future.
Conclusion
We hope that our guide will direct you in the right way so you can truly be happy with your choice and make the most out of your investment. With all these reasons in mind, together with the choice you can make regarding the best altcoins you can invest in right now, it shouldn't be too difficult to decide!
This article is sponsored by FINIXIO
This is a sponsored post. The opinions expressed in this article are those of the author and do not necessarily reflect the views of FXStreet. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
ETF News provides quality insights in the form of financial guides and video tutorials on buying and investing in stocks. We compare the top providers and provide detailed insight into their product offerings. We do not advise or recommend any provider but want to enable our readers to make informed decisions and trade on their own responsibility. Contracts for Difference (“CFDs”) are leveraged products and carry a significant risk of loss for your capital. Up to 67 % of retail investor accounts lose money trading with the brokers compared on this website. Please make sure you fully understand the risks and seek independent advice. By continuing to use this website, you agree to our Privacy Policy.
Recommended Content
Editors’ Picks
Shiba Inu price stagnancy brings investors’ losses to a 28-month high
Shiba Inu has been rather dormant these past four weeks, which is bearing a negative impact on the investors. The meme coin market has been struggling to make headlines as the lack of increase in altcoin’s market value has left investors in peril, which is now driving them to pull back and wait until SHIB starts rising again.
LDO sees lowest cumulative volume in ten months as Lido DAO price struggles to breach key barrier
Lido DAO price is up over the past day as the market shifted its stance despite the SEC announcing a delay in the spot Bitcoin ETF applications of BlackRock among other applicants. However, this one-day rise is not enough for the likes of LDO that have been failing in recovering for a few weeks now.
THORChain leaps 12% with soaring open interest as RUNE targets a peak of its current range
THORChain is testing a crucial multi-month obstacle after a remarkable climb. The move has completed the altcoin’s recovery rally following the 15% fall of September 27. RUNE has outperformed the broader market, with Bitcoin and Ethereum recording only up to 3% in daily gains.
Chainlink and Australia’s ANZ Bank issue AUD-stablecoin to successfully test interoperability
Chainlink put itself on the map with the help of its real-time data-feeding Oracles and is now in the spotlight for its interoperability protocol. Through this protocol, the blockchain project intends to not only connect two or five chains but also create the world’s largest liquidity layer, starting with Australia’s second-largest bank.
Bitcoin: BTC recovery rally could be bull trap in disguise, here’s why
Bitcoin (BTC) price remains unfazed even after the multiple spot BTC ETF delays from the US Securities & Exchange Commission (SEC). But investors need to be careful with the ongoing BTC rally as it could be a trap for early bulls.