Terra Luna Classic (LUNC) and Terra (LUNA), marked the biggest weekly losses among major altcoins as Founder Do Kwon faces an international arrest warrant in relation to the fallout of a multibillion-dollar crypto project this year.
Worries about the uncertain future of the tokens triggered investors to leave their holdings. With so much uncertainty in the market, we’ve uncovered a project that is delivering a huge amount of security (and 100% gains in 1 week!) to their investors. Keep reading to find out more!
Terra Luna Classic (LUNC) Price Looking Sluggish
Terra Luna Classic (LUNC), the token of the old Terra Chain, is poised to extend its cloudy performance this month amid the continued problems of its founder.
The LUNC price sank 48.42% this week at a low of $0.03434. At the same time, the coin is down by 50.00% from its all-time high. CEO Do Kwon now deals with an ‘illegal alien’ status in Singapore after South Korea sought to have his passport revoked.
Accordingly, officials investigating the man behind the $37.00 billion wipeout of the Terra-LUNA project are raising the stakes to get him back to Seoul.
In line with this bearish news, Terra Luna Classic’s trading volume has slipped away to $63.33 million. The anticipated 1.20% supply burning mechanisms were also not deployed, denting investors’ appetite. Correspondingly, analysts forecast the token to retest the $0.000291 price level.
After the billions of dollars that were lost in the Terra ecosystem collapse, it’s little wonder that investors are on the lookout for a project that offers them investment security. What’s the best crypto investment of 2023? We think we’ve found the answer.
Terra (LUNA) May Not Rise from the Ashes
Terra (LUNA) trailed the negative trend of its sister, making it a highly-risky cryptocurrency that may not be coming back from the dead.
At the time of writing, LUNA is exchanging hands at $3.08, down 5.81% in the last 24 hours, and has lost about 47.85% from the past week.
Moreover, experts expect Terra Luna to continue struggling in the markets. The arrest of Do Kwon will likely drag the token even further.
Therefore, LUNA is widely estimated to trade below the $2.70 support level in the next trading sessions. At the same time, there is a high likelihood that the coin will slide under the $2.00 price level again.
The Hideaways (HDWY) Offers Passive Income with Lower Risks
Terra Luna Classic (LUNC) and Terra (LUNA) investors can turn to a more stable investment proposition in The Hideaways (HDWY). The revolutionary project allows traders to grow their money through multiple forms of passive income, capital gains and huge membership rewards.
Investment security is first and foremost at The Hideaways – the project was successfully audited by industry leading security firm Solidproof, the team have confirmed an infinite liquidity lock and also confirmed that their own tokens will be locked. There’s a real focus on ensuring that investors feel at ease in a tough market.
This investment is backed by what looks to be a truly spectacular project. Crypto investors will gain passive income from real world properties every month – paid out as USDT or ETH. Staking rewards are available to boost passive monthly income received too. It’s easy to see why almost 50% of their presale tokens have sold in just 2 weeks.
The Hideaways has already delivered 100% gains for investors but analysts are forecasting significant price increases are on the way.
The native HDWY tokens are selling fast and, with the project due to launch on 1 January 2023, analysts predict that the launch price could be close to $1.00 – a huge 10,000% gain on its starting price.
Our opinion? That price seems very achievable. With a tiny market cap, the project could grow to having a $230bn market cap – a 230x on your investment – if it captures just 0.1% of the real estate market that its targeting.
This looks set to be the best investment of 2023 and it’s already 50% sold so don’t miss your opportunity!
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