Before its collapse, the Terra (LUNA) blockchain was without a doubt one of the most recognizable cryptocurrency brands. Some of the most spectacular crypto-native services investors have ever seen were offered by the blockchain project.
Algorithmic stablecoins, a strong DeFi ecosystem, and a yield-generating business through Anchor Protocol were all thrown at cryptocurrency investors.
In the meanwhile, its failure at the start of 2022 caused the division between Terra Classic and the Terra blockchain. With little success, the latter procedure currently possesses the coveted LUNA tag.
The digital asset is continuing moving in the same direction and is down as the whole cryptocurrency market experiences small losses after falling to $1.18 trillion over the course of the previous day.
Smart investors recognize that now is the perfect moment to purchase LUNA at a discount, even if many investors may think now is a fantastic time to sell.
As of now, LUNA has mirrored the fluctuations of the larger market, rising and falling together with the most important cryptocurrency, Bitcoin.
LUNA Searches for a Retracement Anchor
For the time of publication, Terra’s Luna was trading for $1.26, reflecting a decline of 1.84% over the previous 24 hours and 2.7% over the previous week.
The value has been declining for some time, with a decrease of 8.3% during the past two weeks and 17.5% over the past month.
The asset’s 24-hour trading volume decreased to $33 million, a sign of the coin’s negative tendency. With 243 million coins in circulation, LUNA now has a $309 million market value.
It should come as no surprise that the current decline has had a bad effect on LUNA’s technical chart, which displays minimal velocity.
All significant moving averages, starting with the 50-day SMA of $1.73 and the 200-day SMA of $12.54, are below the asset’s current price.
The 38.2% Fibonacci retracement level of $2.02 proved to be resistance for LUNA on the technical graph, which caused it to decline.
The virtual asset fluctuates over the $0.83 0% Fibonacci retracement level.
LUNA might retrace and regain support, rebounding toward the 23.6% Fibonacci retracement figure of $1.57.
Despite the bearish asset movement, the Moving Average Convergence Divergence (MACD) indicator shows a buy signal.
However, LUNA’s relative strength index (RSI) of 38.89 indicates that the asset is currently underbought, suggesting that investors are more likely to purchase it at its current low price in order to benefit from future returns.
Launch of the Enterprise Protocol by Terra (LUNA)
The industry’s top no-code decentralized autonomous organization (DAO) management solution, Enterprise Protocol v1.0, has been released by Terra.
With the help of this protocol, non-full-stack developers may launch a DAO. They can quickly create a token DAO, multisig wallet, or NFT DAO using Enterprise.
Enterprise was created specifically to make operating DAOs less complicated. The protocol offers all the resources needed, whether creating a new DAO or importing an old one, in one place.
Explore Digital Assets with High-Margin Returns
Investors may wish to diversify their holdings and look into other cryptocurrencies for high-margin gains given the disappointing negative swing Terra Luna is now experiencing.
These assets are presently in the presale phase and offer utility; hence, investors would receive a discount when purchasing the tokens.
Metropoly’s token, METRO, is one such resource to investigate
With so many obstacles preventing potential real estate investors from entering the market, Metropoly is at the forefront of digitizing this sector. The high cost of venture capital and lengthy offline transactions (at least 60 days) are examples of such hurdles.
In order to provide a solution, the business established the first non-fungible token (NFT) marketplace supported by physical real estate assets.
Blockchain technology is being used by Metropoly to make it possible for people to buy NFT fractional homes for as little as $100 in order to get passive income.
The $METRO token is currently being sold for $0.0769 per token. The startup idea has so far generated more than $1.13 million through its presale campaign.
The token $LHINU from Love Hate Inu is another high-margin-return asset to investigate
On the vote-to-earn website Love Hate Inu, users may receive prizes for casting their votes on hot-button issues including entertainment, general elections, celebrities, and social gatherings.
The platform, which is based on the Ethereum blockchain, encourages an open and safe voting process. Because the system protects their identities as they vote, users can express their opinions on the subjects without worrying about being judged or prejudiced.
To participate, people must stake the LHINU token for 30 days; the longer they stake, the more voting power they receive.
The cost of a single LHINU token is $0.000105 as of this writing. In its ongoing presale, the cryptocurrency-backed survey platform has raised more than $2.9 million.
