Unlike Bitgert (BRISE) and Centcex (CENX), Terra LUNA and LUNA Classic (LUNC) have performed poorly in the market over the last few months. Since the crash of the Terra token in May and the subsequent hard fork, these Terra community has been counting losses. The recent bull run did not pump LUNC and LUNA as it did to its rivals, Bitgert and Centcex. This week has also seen these coins perform poorly in a bearish market.
The price prediction for the coins has also been bearish for this weekend, and the weeks also don't look promising for the Terra 2.0 and LUNA Classic (LUNC) coins. The price prediction shows that these coins might plummet even more this week.
The reason why crypto experts believed that these coins might dump more this week is looking at the prediction. The FED is meeting this week, and the minutes already show that there might be a 75% increase in the rates.
This is one of the factors likely to affect the market performance this week, and LUNA and LUNC will be some of the affected coins. The FTX fever is also expected to affect these coins s performance again this week. The news about the continued crash of $FFT is expected to have an impact on investors' confidence in these coins.
There is also a range of other factors that will be affecting the price performance for these coins in the next few days, with the news about the Do Kwon being one of the factors that might trigger more dumping this week. Crypto analysts also say that Terra 2.0 and LUNA Classic (LUNC) have nothing to stop them from crashing this week.
The competition from the likes of Bitgert (BRISE), Centcex (CENX), and other mooning coins is another reason why Terra 2.0 and LUNA Classic (LUNC) have been plummeting. There is a fast-growing number of LUNA and LUNC investors selling to buy Bitgert, and Centcex shows that their popularity is declining fast.
Bitgert and Centcex (CENX) are the biggest rivals in the market for these coins. Their massive price performance has made them very attractive than these coins. With such tough competition in the market, it will be very difficult for LUNA and LUNC to thrive in the market.
So, these are factors that will make these coins perform poorly again this week, according to crypto analysts. For LUNA and LUNC to rise again, they must beat Centcex and Bitgert.
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