Throughout the last 24 hours, the Terra Luna Classic price has taken a tumble. Registering a 3% drop and settling at $0.00005928, the altcoin now takes the 100th position in cryptocurrency market cap rankings. LUNC saw a slight increase by 3% in the last 14 days, yet monthly and annual reports suggest a downward trajectory, with LUNC marked 1% down in a month and a whopping 81% down in the last year.
Moreover, it seems the coin’s consistently poor ranking reflects the struggles within its community. Despite numerous accepted governance proposals, LUNC’s price has found little to no relief, hinting that the wider market might be losing interest.
Looking deeper into the altcoin’s figures, the relative strength index, indicative of investor sentiment, slipped from 60 to nearly 40 today. Worse still, LUNC’s 30-day moving average seems unable to rise after a week of maintaining a steady level. This is of concern as this average is still well below the 200-day average.
Of note is the fact that the latest Terra Luna Classic proposal focuses on injecting a breath of fresh air into the operation, with an experienced team of developers who aim to implement a detailed plan of improvements to revitalize the blockchain. Yet, a considerable number of important validators and community members remain skeptical of the plan’s feasibility.
On the opposite end of the spectrum, Bitcoin Minetrix is riding a wave of popularity. The tokenized cloud mining platform has already raised over $400,000 in a matter of weeks. Enabling users to stake Ethereum-based BTCMTX tokens to receive tokenized mining credits and thereby mine Bitcoin represents an attractive incentive for investors. This unique mechanism means holders reap BTC as a reward for their contributions, making Bitcoin mining much more accessible.
Access to the rapidly populating Bitcoin Minetrix presale is as simple as visiting the platform’s official website. For as little as $0.011, you can acquire 1 BTCMTX—but move fast, as this price is only set to climb.
While the thirst for new opportunities and the thrill of possible wins will always lure traders, it’s key to balance the optimistic with the skeptical and remember that in the high-risk world of crypto, quick drops like those seen with LUNC are entirely possible. Whether or not LUNC can recover or Bitcoin Minetrix sustains its surge, only the future holds the keys to those doors.
Source: Cryptonews
