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Terra (LUNA) was one of the most popular cryptocurrency brands before the blockchain crash. The blockchain project has some of the most amazing cryptocurrency services investors have ever seen.
Crypto investors are fed up with algorithmically stable coins, a robust DeFi ecosystem, and Anchor protocol monetization services.
Meanwhile, a crash in early 2022 caused the sequel to split into Terra Classic and Terra blockchain. The latter protocol now contains the desired LUNA label, but has had limited success.
So far, LUNA has followed a wide range of market movements, rising and falling with the leading cryptocurrency, Bitcoin.
The digital asset is still on the same path as the broader crypto market suffered modest losses, falling to $1.18 trillion a day earlier.
While many investors may see this as a great time to sell, smart investors know that now is the time to buy LN at a discount.
Looking for an anchor to reset LUNA
At press time, Terra Luna was trading at $1.26, down 1.84% over the past 24 hours and down 2.7% over the past week.
The decline in prices has continued for some time and has fallen by 8.3% in the last two weeks and 17.5% in the last month.
As the 24-hour trading volume falls to $33 million, the asset confirms the currency's downward movement. LUNA's current market cap is $309 million with 243 million coins in circulation.
Surprisingly, the recent downtrend has a negative effect on LUNA's technical chart, which shows light momentum.
The asset's current price is below the major moving averages, with the 50-day simple moving average (SMA) at $1.73 and the 200-day SMA at $12.54.
On the technical chart, LUNA fell after meeting resistance at $2.02 at the 38.2% Fibonacci retracement level.
The digital asset stands above the 0% Fibonacci retracement level at $0.83.
However, if it finds support and pulls back, LUNA could return to $1.57, which corresponds to the 23.6% Fibonacci retracement price.
Although the movement of the asset is bearish, the moving average of compound divergence (MACD) shows a buy signal.
On the other hand, LUNA's Relative Strength Index (RSI) of 38.89 indicates that the asset is currently overbought, suggesting that investors are buying at a lower price for future earnings.
The Terra Enterprise Protocol (LUNA) has been launched
Terra has launched Enterprise Protocol v1.0, the company's leading solution for managing a decentralized autonomous organization (DAO) without code.
With this protocol, people can run DAO without being full developers. Using Enterprise, you can quickly create a DAO, multisig wallet or NFT DAO token.
See how powerful and easy it is to use @terra_money to run @TheRyanLion's (@TheLionDAO) #DAO from @enterprise_DAO with @terra_money and access the infrastructure #defi #cosmos-show🤯 $ROAR $LUNA https://etc. Co m36TMO9UiA
— 4719.🌖 (@gp4719) April 3, 2023
The organization is only intended to facilitate the operation of the DAO. The protocol provides all the necessary tools in one place, whether you are creating a new DAO or importing an existing one.
High margin digital asset return research
With the current decline in Terra Luna support, investors may want to diversify their holdings and explore other altcoins for higher margin returns.
These assets provide utility services and are currently in the pre-sale phase, which means investors can buy the tokens at a discount.
One of these emerging assets is the Metropolis Token, METRO.
He is at the forefront of digitizing the real estate sector, a metropolis plagued by barriers to entry for potential real estate investors. These barriers include the high cost of investment capital and offline transactions that take at least 60 days.
To solve this problem, the company created the first non-functional token (NFT) market backed by real estate assets.
Metropolis uses blockchain technology to allow users to purchase fractional NFT assets for up to $100 to earn passive income.
The 11th pre-sale phase ends soon.
💸 Collected 1.1 million dollars
👥 2786 members
🌐 Beta version available.Invest in real estate in seconds, not months, from anywhere in the world.
Pre-sale link https://t.co/PrZ9uUYFRW pic.twitter.com/qbcEvkZb5B
- Metropolis - Action Action! 🔊 (@metropoly_io) April 5, 2023
At the time of writing, the $METRO token is trading at $0.0769 per token. So far, the new project has raised over $1.13 million in its pre-sale program.
Another high yielding asset worth checking out is Love Hate Inu's $LHINU token.
Love Hate Inu is a voting platform where users can win prizes by voting on popular topics such as entertainment, general elections, celebrities and social events.
The platform built on the Ethereum blockchain provides a transparent and secure voting process. Users can express their opinions on topics without fear of judgment or bias, as the system maintains anonymity when voting.
However, they must hold LHINU tokens for 30 days to participate - the more funds users earn, the more voting rights they get.
Watch out #LoveHateInu Gang!🚨
We hit the milestone of $2.9 million in #presales 🎉
We couldn't do it without you! 🙌
Get ready for the next CEO announcement 🤑
We have about 3 million dollars!😜
You don't want to miss it! be careful! 🚀… pic.twitter.com/p0tUNURF98
— Love Hate Inu (@LoveHateInu) April 6, 2023
At the time of publication, the value of one LHINU token is $0.000105. The cryptocurrency-backed survey platform has raised more than $2.9 million in an ongoing sale.
Love Hate Inu - New Meme Coin
- Decentralized poll - vote to win
- Early access pre-sale
- The Ethereum chain
- Featured on Yahoo Finance
- NFT turns out to be Mint Memes question
- Storage rewards
- Viral potential, growing community
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