The cryptocurrency market has not yet overcome the effects of the FTX collapse. Also, some rumors are circulating that have the potential to affect the market more deeply. In an environment of uncertainty, the crypto community at CoinMarketCap voted for the Terra Classic (LUNC) and Binance Coin (BNB) predictions.
Terra Classic (LUNC) year-end price forecast
cryptocoin.com As you follow, the crypto industry is still struggling after the FTX scandal. However, the crypto community at CoinMarketCap has not lost its optimism about the status of Terra Classic (LUNC) until the end of the year. The community estimates that it will trade at an average price of $0.0002582 on December 31, 2022, based on data received on November 25. If his predictions turn out to be correct, that would mean the price of LUNC, which is currently trading at $0.0001577, would be $0.0001005. This means an increase of 63.76%.
Social LUNC price prediction for December 31 / Source: CoinMarketCapMeanwhile, on November 22, over 28 billion LUNC tokens went to the burn wallet. Thus, about 0.4% of the total available supply went out of circulation. It comes right after this promising burning update, which also indicates bullish forecasts. On top of that, the Terra Grants Foundation (TGF) launched the first initiative with Proposal 10946, which aims to reward contributors from the 750 million LUNC tokens set aside for developers, validators, and other community members contributing to the blockchain revival.
LUNC technical analysis
In terms of technical analysis (TA) indicators, the summary based on TradingView’s 1-week indicators shows that Terra Classic is currently swinging into the ‘buy’ zone at 2, ‘sell’ at 2, and ‘neutral’ at 0 . This result is the summary of the moving averages (MA) indicator and oscillators. The first stands at 2 in the ‘sell’ field (as opposed to 1 for ‘buy’ and 0 for ‘neutral’). Second, 1 means ‘buy’, 0 means ‘sell’ or ‘neutral’ while ‘strong’.
LUNC technical analysis 1 week indicators. Source: TradingViewBinance Coin (BNB) year-end price prediction
The crypto community at CoinMarketCap predicts that BNB will trade at $289.4 by the end of the year, according to data received on Nov. This shows that the community does not have much confidence yet. If the predictions turn out to be correct, it means that BNB will drop $6,2601 from its current price of $295.66. In other words, it means changing hands at a lower price of 2.12%.
Social BNB price forecast for December 31 / Source: CoinMarketCapAlthough there is no optimism about its future price, BNB Chain is recording high user activity with 1.27 million active addresses per day. This makes it the most active Blockchain.
BNB technical analysis
Meanwhile, BNB’s 1-week technical analysis (TA) indicators are positive. Summary shows ‘buy’ at 12 instead of ‘sell’ at 5 and ‘neutral’ at 9. The oscillators suggest ‘buy’ at 3, while the moving averages (MA) stay in the ‘buy’ zone at 9.
BNB technical analysis summary 1-week indicators / Source: TradingView
