Home
News
In the dynamic cryptocurrency market, there are constant trends and developments to watch out for. In today’s article, we will delve into three significant developments: Litecoin’s battle with the $70 resistance level, the dropping momentum of Terra Classic (LUNC) price, and the excitement surrounding the imminent launch of Kangamoon’s play-to-earn (P2E) platform.
Summary:
- Litecoin price falls continue.
- Investors hold on to LUNC in the hope of a price upswing.
- Kangamoon anticipates a 220% market spike in presale.
Litecoin Price Struggle Continues Battling the $70 Resistance
The decline the price of Litecoin has faced has been a source of concern for investors since July, even after a recent halving event. The lack of increased demand can be attributed to various factors.
As a result of the decline, the activity on the Litecoin network has also been on a decline. As the LTC coin price fell to its lowest point since November 2022, the transaction volume of the altcoin dropped to hit a two-year low.
However, there is hope as the price of the altcoin created a double bottom pattern, indicating probable price increases. This was followed by a positive divergence in the RSI, a momentum indicator used by traders to assess market conditions. The cryptocurrency could potentially reach a resistance point at $70, influenced by the 0.5 Fib retracement level.
Terra Classic (LUNC) Price Loses Momentum
Terra Classic’s performance has recently dropped due to price pattern unpredictability. Terra Luna Classic suffered substantial setbacks in 2021 after its ecosystem crash, including delistings and a drop in trading volume.
However, the Terra network has since worked to overcome the challenges caused by the network. Despite the recent declining prices, investors are showing interest in the LUNC classic coin. They are providing a glimmer of hope for a potential upswing in 2023.
Similar to the token-burning process utilized in the Shiba Inu (SHIB) ecosystem, the ecosystem is attempting to increase the price of Terra Classic by strategically reducing its circulating quantity. The Terra Classic price which stands at $0.00005644 has been forecasted to reach highs of $0.00010.
Play2Earn and Meme Coin Enthusiasts Anticipate Kangamoon Launch
Ahead of its Q4 2023 launch, Kangamoon is receiving significant investor attention, standing out in a market with aims to bring more functionality to the world of meme coins. The new project offers a unique play-to-earn (P2E) gaming ecosystem with its infusion of meme coins.
In the P2E game, players will assume the role of Kangamoon, a spirited kangaroo passionate about boxing. The P2E elements will allow players to monetize their gaming time and efforts. Players will earn rewards through winning fights and special global tournaments.
To allow gamers to maximize their earnings, the platform has eliminated buy-and-sell taxes. With its utility, Kangamoon intends to compete with popular meme coins such as Shiba Inu, Dogecoin, and Pepe.
Through community-building efforts and its innovative game integration, Kangamoon has been projected to become the market’s leading meme coin. Now, in its first presale stage, Kangamoon’s utility token is trading at $0.005 per token.
Kangamoon Presale Today!
Website: https://Kangamoon.com/
Join Our Telegram Community: https://t.me/Kangamoonofficial
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encourage to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsor post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
