Monat: Dezember 2022

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Here is why Terra Classic is up by more than 6% in the last 24 hours

  • LUNC is up by more than 6% in the last 24 hours, outperforming the broader crypto market.

  • The rally comes after the team revealed that the Terra Classic Shuttle bridge would shut down next month.

  • The total crypto market cap could drop below the $800 billion level soon.

The Terra Classic Shuttle bridge will shut down in January

The Terra Classic team announced via Twitter on Thursday that its Terra Classic Shuttle bridge will sunset on Jan. 31st, 2023, 0000 hrs (UTC). The team urged its community members to bridge assets back to Terra before then to ensure they don’t lose their assets.

This latest cryptocurrency news has resulted in LUNC outperforming the broader cryptocurrency market. At press time, LUNC is trading at $0.0001358, up by more than 6% in the last 24 hours.

The broader crypto market has been trading in the red zone for the past two days. The total crypto market cap is now around $810 billion and could drop below $800 billion if the bearish trend continues.

The price of Bitcoin stands at $16,883, down by less than 1% in the last 24 hours. 

Key levels to watch

The LUNC/USDT 4-hour chart is bearish despite Terra Classic performing well over the last few hours. The technical indicators, however, show that LUNC’s sentiments are improving.

LUNC/USDT Chart By TradingView

 

The MACD line remains in the negative zone, indicating that the bears are still in control of the LUNC market. The 14-day RSI of 48 shows that LUNC is no longer in the oversold region.

If the bullish momentum increases, LUNC could move past the first resistance level at $0.0002074 before the end of the day. However, LUNC could find it hard to surpass the second major resistance level at $0.0002343 in the near term. 

Where to buy Terra Classic now

As LUNC is such a new asset, it’s yet to be listed on major exchanges. You can still purchase LUNC using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy LUNC right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the 1Inch DEX

Head to 1Inch, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for LUNC

Now that you’re connected, you’ll be able to swap for 100s of coins including LUNC.

The post Here is why Terra Classic is up by more than 6% in the last 24 hours appeared first on CoinJournal.

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UNI looks to rally following Uniswap’s Moonpay partnership

  • UNI is up by less than 1% today as the broader crypto market continues to underperform.

  • Uniswap announced a strategic partnership with Moonpay earlier this week.

  • The total crypto market cap could drop below $800 billion as the market continues to perform poorly.

Uniswap allows users to purchase crypto on the Uniswap Web App

The Uniswap team announced earlier this week that users can now purchase crypto on the Uniswap Web App using a credit/debit card or bank transfer. This is thanks to its partnership with Moonpay.

Users can connect their wallet to the Uniswap Web App and be able to buy crypto using fiat. Despite this latest cryptocurrency news, UNI is up by less than 1% in the last 24 hours.

At press time, the price of Uniswap stands at $5.33 per coin. The positive performance comes as the broader cryptocurrency market continues to underperform. 

The total crypto market cap currently stands at $810 billion, down by less than 1% in the last 24 hours. Bitcoin continues to struggle below the $17k resistance level and is also trading in the red zone today.

Key levels to watch

The UNI/USD chart is bearish despite Uniswap performing positively over the last few hours. The technical indicators show that UNI’s performance could improve in the near term.

UNI/USD Chart By TradingView

 

The MACD line remains below the neutral zone, and with UNI’s ongoing performance, it could find it tough to move into the positive region.

The 14-day relative strength of 50 shows that UNI is no longer in the oversold region. However, it would need to perform even better if it intends to enter the overbought area.

If the positive momentum increases, UNI could surge past the first major resistance level at $5.996 before the end of the day. However, UNI would need the support of the broader cryptocurrency market to surge past the $6.6 resistance level in the near term.

Where to buy Uniswap now

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy UNI with eToro today

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy UNI with OKX today

The post UNI looks to rally following Uniswap’s Moonpay partnership appeared first on CoinJournal.