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Despite already experiencing noteworthy success this month, Terra Luna has continued to surge ahead. It has climbed over 40% in the last 24 hours, currently priced at $1.18. The price briefly tapped $1.19, its highest value since April.
Meanwhile, traders are also shifting their attention to TG Casino, a revolutionary Telegram-based casino that has raised $3.3 million in its presale.
Since its collapse in 2022, the $1 mark has acted as a technically and psychologically important zone for Luna, acting as both support and resistance on the weekly chart.
However, its recent pump has propelled it above the $1 zone for the first time since June, indicating that the project’s worst days may be behind it.
Zooming in on the one-hour chart, it becomes evident that the $1 breakout significantly piqued investors’ interest, with a large green candle following a zone retest. Furthermore, the chart shows a drastic spike in trading volume, illustrating traders rushing in as they anticipate another pump.
Also, as seen on the chart above, LUNA has experienced a consolidation across the last four hours. Still, its current candle is pushing ahead and looking to cancel out its previous red candle.
These factors illustrate massive bullish momenntum for Terra Luna, which is also apparent on social media.
Analyst Javon Marks has called for a Terra Luna pump since November and is currently targeting an uptick to $7.11. If this occurs, the project will produce 561% gains, equating to a 6.3x.
Meanwhile, a Luna community member, Qasim Saleem Qureshi, published a tweet that suggested Luna Classic (LUNC) is forming a “golden cross,” and the price of Luna-related assets will soar.
The tweet mentioned LUNA could reach $20 and speculated it could happen before the end of December.
Currently, Terra Luna is up over 130% in the last month. While this could indicate a trend reversal after a lengthy bear market, it also represents the risk of a drastic correction.
With this in mind, traders must remain aware that Luna may pull back, particularly given its tarnished track record following the Luna ecosystem collapse in 2022.
Therefore, market participants may be pleased to learn about a new presale crypto, TG Casino. It boats compelling fundamentals and is gathering significant momentum, having raised over $3.3 million in nine weeks.
TG Casino offers a perfect trifecta of a revolutionary use case, crisp tokenomics, and positioning in one of crypto’s most promising new categories.
Starting with its use case, TG Casino is a next-generation crypto casino offering a seamless user experience with market-leading benefits and perks. Users can get started without creating an account, and gambling is anonymous, with instant deposits and withdrawals.
Moreover, there are hundreds of games and sportsbook events to gamble on, and the $TGC token provides countless benefits to holders. For instance, users get 25% cashback on losses, free rewards, up to 200% rakeback, a 177% staking APY, and access to exclusive games and rooms.
This proves a significant demand driver for the token. However, through a built-in buyback mechanism, it also boasts compelling supply-side tokenomics. The project uses a portion of the casino’s revenue to buy back $TGC token, allocating 60% to staking rewards and burning 40%. This will reduce the circulating supply while bolstering demand and rewarding holders.
These factors provide a significant competitive edge over other crypto casinos, potentially enabling it to take the majority share of the $650 million emerging market.
Investors can buy the $TGC presale for $0.175, but they must hurry as its price will rise in two days.
Visit TG Casino Presale
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