It’s been a hectic few weeks for Terra Classic ($LUNC) holders, with the coin’s price swinging wildly in both directions as the bulls and bears battle for control.
Currently, the bulls have the upper hand, with $LUNC soaring by 4% in the past 24 hours.
However, it’s not just $LUNC that has been gaining traction – the new blockchain project DeeLance ($DLANCE) is also stirring interest and has raised over $1.3 million through its ongoing presale phase.
Price Uptick & Upcoming Developments Boost Outlook for Terra Classic
Per CoinGecko, $LUNC is now trading around the $0.0000993 level after a surprise uptick in buying pressure.
The token had been struggling around the $0.0000840 level, which represented a strong support region. Price was unable to close below this region, rejecting it on five separate occasions.
Fortunately for $LUNC bulls, the most recent rejection on June 10 appears to be a catalyst for the current upwards surge.
Price briefly dropped below the crucial support region, touching $0.0000760, before rocketing upwards – leading to the price momentum that’s currently being seen.
Many $LUNC investors are speculating that this sharp drop and rebound could have been a liquidity grab, whereby many stop-losses were hit – relieving the selling pressure and setting the stage for a bullish revival.
Adding more fuel to the fire is the fact that Terra Classic’s core development team, Joint L1 Task Force, recently approved a significant proposal to support $USTC in re-pegging to the US Dollar.
The team will now create a test environment to evaluate precisely what is needed for $USTC to re-peg and return to a value of $1.
The Terra Classic community received this proposal exceptionally well, with no network validators voting against it.
Now, part of Terra Classic’s budget for the coming months will be dedicated to creating the aforementioned test environment, with a view to $USTC re-pegging before the end of the year.
Naturally, this huge announcement has created a buzz around $LUNC again, with many believing that the recently-approved proposal has a solid chance of helping $USTC return to its previous position of power.
Combined with the looming v2.1.0 parity upgrade, the outlook for $LUNC is particularly bullish – positioning it for potential gains in the coming months.
Innovative Freelancing Project DeeLance Continues Incredible Presale Success
Alongside Terra Classic, the new blockchain project DeeLance ($DLANCE) is also making headway in the rebounding crypto market.
DeeLance is in the midst of a successful presale phase, with the project recently surpassing the $1.3 million funding milestone – highlighting the huge demand for $DLANCE tokens.
Not only that, but DeeLance’s Telegram community has grown to over 12,300 people as investors pile in to learn more about the development team’s ambitions.
The main reason DeeLance has been attracting so much attention is the team’s goal of revolutionizing the freelancing sector.
To do this, the team has built the DeeLance platform on the Ethereum blockchain, thereby creating a decentralized and secure marketplace for freelancers and clients to connect.
DeeLance uses various Web3 technologies, such as NFTs and smart contracts, to create a seamless (and transparent) environment for both parties.
Per DeeLance’s whitepaper, the platform itself is powered by $DLANCE, which is used by clients to pay for the work completed by freelancers.
Currently, the DeeLance platform is still in development, although early investors can purchase $DLANCE through the ongoing presale at a discount relative to the planned exchange listing price.
With a solid business model and a token poised for significant growth, DeeLance is a project worth keeping an eye on in the coming weeks.
Another Emerging Star – Launchpad XYZ Looks Set to Revolutionize Web3
Another project that is turning heads in the crypto market is the Web3-focused platform Launchpad XYZ ($LPX).
Much like DeeLance, Launchpad XYZ is still in its presale phase yet has amassed nearly $1 million in funding through early investment.
Investors have been snapping up $LPX tokens through the presale ahead of the platform’s official launch, which is scheduled for later this year.
Given the array of value-driven features that Launchpad XYZ offers, this launch could be a pivotal moment in the Web3 landscape.
These features include an NFT DEX, fractionalized assets marketplace, metaverse experience library, super-fast trading terminal, and in-depth crypto market analytics.
Underpinning all of these features is the $LPX token, which is used for platform fees – although it can also be staked to receive exclusive perks, like early access to NFT whitelists.As a dynamic project bridging various aspects of the Web3 environment, Launchpad XYZ looks poised to become a significant player in the market – making $LPX a token worth watching closely.
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