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Why is the price of the Terra Luna Classic dropping? This new token pump

Terra Luna Classic (LUNC) has been declining since the beginning of 2023 and is down 20% in the past month. Although LUNC was launched after the LUNA crash in 2022, this volatile cryptocurrency has not been able to offer high returns in the market.

As an alternative to Terra Luna Classic, we’ll look at two new projects that are already pumped out during the presale rounds. Keep reading to find out more about two new pre-sale tokens – Wall Street Memes ($WSM) And Launchpad XYZ ($LPX).

Why is Terra Luna Classic being dropped?

Terra Luna Classic (LUNC) is the rebranded version of LUNA, the old cryptocurrency token that was on the Terra blockchain. In May 2022, LUNA collapsed and acted as a springboard for a massive bear market in the cryptocurrency space.

The token crash happened after the algorithmic stablecoin, “UST,” lost its 1:1 peg to the US dollar last year. All this happened after the market value of the old LUNA token dwindled after the supply fell below that of the UST. At the time, the LUNA token was a guarantee of the UST stablecoin.

After that, the token crashed and the investors lost all their holdings. In May 2022, the new Luna Classic and Genesis are launched. While the cryptocurrency has recovered after last year’s disastrous crash, there is still a lot of uncertainty and mistrust in this cryptocurrency project.

In 2023, when most cryptocurrency tokens offered higher returns, LUNC struggled to offer any returns. From a price of $0.0002 in February 2023, LUNC corrected to a live price of just $0.000085 per token. This equates to a price correction of more than 57%.

In just the last 30 days, the token has dropped by 20%. Besides the market’s lack of confidence in this cryptocurrency, weak technical factors are another reason that may indicate that this token is not performing better.

According to TradingView, the $LUNC token is in the “sell” zone in 14 of the 26 major trading technologies at the time of writing. Exponential and simple moving averages indicate that the coin is not offering much support in the short term.

Thus, there is no guarantee when LUNC may recover or start providing returns to investors.

As an alternative to this cryptocurrency, the sections below will review two new cryptocurrency projects with high growth potential in 2023 and beyond.

Memes Wall Street – New Meme Currency That Raised Over $2.5 Million In Presale, And Is Backed To Explode

While coins like LUNC struggle, one of the tokens making waves is Wall Street MimesA new meme currency is now on pre-sale.

Unlike other new meme cryptocurrencies like Pepe and Milady, Wall Street Memes is a well-established group with over 1 million members. This group has been around since 2019 and has seen influential celebrities like Elon Musk interacts with his social media pages.

Wall Street Memes has released $WSM, its original token, in pre-sale. While the $WSM token offers no benefit, it has great meme traffic support. In 2021, Wall Street Memes also released its legacy NFT project – Wall St Bulls.

The first batch consisted of 10,000 NFTs and sold out in 32 minutes. Wall Street Memes aims to generate wealth for its community with the $WSM token. Notably, $WSM will be a 100% community-based token.

Of the total token supply of 2 billion, 50% is allocated to ongoing pre-sale. Another 30% will be offered as community rewards on the ecosystem, while the remaining 20% ​​will be used to maintain DEX and CEX liquidity.

The presale will consist of 30 rounds, with the price of $WSM rising from $0.025 to $0.0337 in the final round. At the time of writing, the WSM price is only $0.0265 per token. Wall Street Memes has collected more than $2.6 million in just one week since the prequel went live.

By the end of the prequel, Wall Street Memes aims to raise more than $30.57 million. Interested investors can join telegram group and read White papers For more updates on this platform.

Visit Wall Street Memes Presale

Launchpad XYZ – The new Web3 investment and analytics platform that races through the pre-market

Another new token making waves is $LPX, the original token for Launchpad XYZ, a new coding platform that offers a single entry point for accessing multiple Web3 services. In this ecosystem, users can create a new Web3 wallet from where they can swap tokens, interact with DApps (Decentralized Applications) and get self-custody of the assets.

One can take advantage of Launchpad XYZ by holding $LPX, the original cryptocurrency. Those who make a monthly average of $10,000 worth of LPX can get discounts on trading fees. Moreover, through Launchpad XYZ’s pre-sale portal, users can also get guaranteed access to new Web3 pre-sale listings.

With Launchpad XYZ, users can access a decentralized NFT exchange. By pooling USD LPX coins, you will get reduced fees and trade hundreds of asset pairs. One can also make use of $LPX to buy hashed assets, gain trading insights on current tokens, and access trading terminals.

Currently, $LPX is available for purchase on pre-sale for $0.0445 per token. The listing price is set at $0.0565 per token. Of the total supply of 1 billion, 250 million tokens are allocated evenly over 10 pre-sale rounds.

Since the start of the pre-sale, Launchpad XYZ has raised over $843,000. Joined Launchpad XYZ Telegram group To stay up to date on the project.

Visit Launchpad XYZ

Disclaimer

This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project’s guidelines for unbiased and transparent reporting, this content has been created by a third party and is intended for promotional purposes. Readers are advised to independently verify information and consult with a professional before making decisions based on this Sponsored Content.

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