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Wrapped Luna is gaining, up 9%: here’s where to buy Wrapped Luna

The live Wrapped Luna token price today is $0.000189 with a 24-hour trading volume of just under $9 million. Wrapped Luna token is up 8.61% in the last 24 hours.

This brief guide has everything you need to know about the Wrapped Luna token, including whether and where to buy Wrapped Luna if you choose. 

Top places to buy Wrapped Luna now

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

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for WLUNA

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

What is Wrapped Luna?

Wrapped Luna (WLUNA) is a token on the Ethereum Mainnet that’s intended to represent Terra (LUNA) on this blockchain. It is a separate ERC-20 token created to track LUNA’s value. 

WLUNA was designed to allow LUNA owners to hold, trade, and take part in DeFi dApps on Ethereum. You can exchange 1 LUNA for 1 WLUNA and vice versa through a WLUNA partner. WLUNA requires 14 network confirmations.

Should I buy Wrapped Luna today?

Wrapped Luna can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt. 

Wrapped Luna price prediction

GOV Capital is extremely bullish on WLUNA, forecasting it will trade for $157.24 in a year and for $454 in 5 years. Wallet Investor makes a similar prediction, but warns it may be highly unrealistic due to the nature of Wrapped Luna. 

Price Prediction seems more reasonable. They predict a minimum price of $0.22 and a maximum of $0.27 in 2025.  

Wrapped Luna on social media

The post Wrapped Luna is gaining, up 9%: here’s where to buy Wrapped Luna appeared first on Coin Journal.

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3 relatively small projects to watch in P2E gaming

Play to Earn or P2E is expected to see massive investments in the coming months. In fact, Andreessen Horowitz, one of the leading VC firms in crypto, has set aside over half a billion dollars to invest in P2E. So, why should you even bother with these projects? Here are some reasons:

  • P2E is going to see a lot of big money flowing in the near term.

  • New projects are offering P2E, NFTs and metaverse wrapped up together

  • The industry is new, so there is literally unlimited potential right now.

While there have been successful P2E projects in the past, like Axie Infinity, the three below should be worth keeping an eye on.

League of Kingdoms Arena (LOKA)

League of Kingdoms Arena (LOKA) is a decentralized multiplayer online game that offers an exhilarating experience. Users compete for resources in several tournament battles. 

Data Source: TradingView 

You are also able to collect resources across the metaverse, build armies, and see your kingdoms grow. In-game NFTs are also included as part of the game. So far, League of Kingdoms has earned a huge following in recent months and is set to become one of the biggest games out there.

Dreams Quest (DREAMS)

Dreams Quests (DREAMS) is building a robust self-sustaining metaverse economy. The plan is to integrate gaming and social elements into the game with additional DeFi capabilities too. The project is just taking off and is yet to even break $1 million in terms of market cap. There is a lot of possible growth here.

Crypto Blades (SKILL)

Crypto Blades (SKILL) is an innovative metaverse game that allows users to craft NFTs and sell them within the game. Built on the Binance Smart Chain, players can build powerful weapons and tools that can be used to defeat opponents and earn rewards in the process. The project is also at its infancy stage, with a market cap of less than $2 million.

The post 3 relatively small projects to watch in P2E gaming appeared first on Coin Journal.

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Top 3 UST alternatives to consider right now

Before its crash a week ago, Terra’s UST was one of the biggest dollar-pegged stablecoins in the market. The coin was finally de-pegged and has since lost almost 90% of its value against the dollar. So, it is obvious that crypto investors are looking for alternatives, and here is why.

  • USD linked stablecoins are crucial for most crypto-related transactions.

  • Stablecoins also help investors to reduce exposure to other volatile crypto assets.

  • USD-linked stablecoins are the main drivers of DeFi.

With this in mind, if you are looking for better alternatives to UST, we have a list of three coins below to check out.

Tether (USDT)

When it comes to dollar-linked stablecoins, nothing compares to USDT. It is the biggest dollar-pegged coin by market cap and one of the more trusted options. 

Data Source: TradingView 

There were some fears after the UST collapse that Tether could lose its peg. But those fears have now been quashed. USDT appears as stable as ever. While the coin is not 100% safe, it is a far better option compared to most of the dollar-pegged coins in crypto right now.

USD Coin (USDC)

USD Coin (USDC) has an overall market cap of around $53 billion. After Tether, it is the second-largest dollar-pegged stablecoin. USDC has shown incredible stability over the last few weeks. 

Even as Tether and other stablecoins appeared to shake slightly in the wake of the UST collapse, USDC remained largely unchanged. It’s therefore a safe option for investors keen on using dollar-pegged coins. Besides, the circulation of USDC is backed by real currencies held in reserve and additional US treasury bonds.

Pax Dollar (USDP)

Pax Dollar (USDP) may not be as big as Tether or USD Coin, but it is a very decent stablecoin. Its market cap is slightly below $1 billion, but that’s not a bad thing. Besides, USDP is fully collateralized. This gives it a bit of extra stability.

The post Top 3 UST alternatives to consider right now appeared first on Coin Journal.

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Fantom (FTM) stabilizes after falling nearly 90% in less than 2 months

Fantom (FTM) is trying to reverse its downward trend after falling sharply over the last two months. The coin has stabilized and is looking to begin a steady upward rally to try and recover some of the losses. However, this bullish outlook remains very short term. Here are the facts:

  • FTM has lost nearly 90% in value over the last 7 weeks.

  • The coin is however showing signs of an instant trend reversal after 24-hour gains of around 16%.

  • Fantom remains below crucial DMAs, suggesting more weakness could come.

Data Source: TradingView 

Fantom (FTM) – How far can it rally?

After shedding a lot of value over the last few weeks, FTM has shot up almost instantly. There are signs that the long-term downward trend is reversing, and more gains could come in the coming days. However, Fantom still remains pressured under several resistance zones. 

While it is now testing $0.5, we don’t see any further upside above $0.6. Besides, FTM has managed to lift itself up quite substantially after bottoming at $0.27 in Mid-May. In fact, the coin has added nearly 50% in value from its lowest price this month. It is likely that this decisive upward run will lose momentum in the days ahead. 

As such, we expect FTM to remain below $0.5 at least for another week. However, if fantom bulls can somehow pull off a miracle and smash past the $0.6 resistance, FTM could surge towards $1 by the end of the month.

Should you buy FTM?

FTM has largely underperformed the entire market. Although most major coins are down in 2022, Fantom has reported sharper declines partly due to major ecosystem news. 

But this does not change the fact that Fantom remains a very decent crypto project. So, even though the prices right now are unpredictable, FTM still has so much value to offer in the longer term.

The post Fantom (FTM) stabilizes after falling nearly 90% in less than 2 months appeared first on Coin Journal.

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Solana (SOL) could surge by 50% in a quick relief rally

Solana has shown some strong signs of recovery over the last 7 days. After seeing sharp sell-offs for most parts of May, the coin has managed to regain several support zones. It also looks like SOL has enough momentum to keep pushing further ahead.

  • SOL has crucially surged past the important $44.15 support zone

  • The coin is now above $50 for the first time in two weeks

  • Sustained consolidation at $50 could trigger a run towards $80 in the near term

Data Source: TradingView 

Solana (SOL) – recovery and price consolidation

Solana had failed to rally for most of May. The altcoin in fact saw one of its worse sell-offs this month. However, there is some recovery. In fact, SOL has steadily gained ground and is now converting previous resistance zones into strong support. But more importantly, SOL has now etched above $50. 

This provides the perfect buy zone for bulls, something that could easily push SOL up by 50% in the coming week. Despite this, the coin is still way behind projections for 2022. SOL has also lost at least 85% from its ATH of $261. 

Projections for 2022 estimated that SOL would likely hit $2000 by year’s end. But slowing sentiment in crypto and increasing market volatility have made it hard for the altcoin to post any decent upward momentum. We do not expect this to change soon. Although a 50% rally towards $80 is possible, it will take months for SOL to break above $150 once more.

How to profit from this SOL rally

Right now, SOL is slightly hovering above $50. Give it 24 hours and if the price action is still above fifty bucks, consider buying. 

In a few days, the altcoin will likely break out. If you don’t want to hold it for the long haul, you can cash out at $70 to avoid any major upside risk.

The post Solana (SOL) could surge by 50% in a quick relief rally appeared first on Coin Journal.