Luna Classic Price Prediction: LUNC Surged 85%, But this AI and DePIN Project will 1000X in 2024

Luna Classic Price Prediction: LUNC Surged 85%, But this AI and DePIN Project will 1000X in 2024
LUNC, Chainback

Luna Classic price surged 85% since the beginning of March 2024, establishing a new local high of 0.00025550. 

The current price of LUNC is $0.0002248 as of 8:48 a.m. EST. This represents a 20.9% increase in the past 24 hours and a 71.5% increase in the past 7 days.

LUNC has experienced fluctuations, with closing prices oscillating between certain levels. The 20-day Exponential Moving Average (EMA) has shown an upward trend, indicating a bullish sentiment.

Previously, LUNC skyrocketed to $0.00028000 and then retraced back to the 78.6 fib-level. This level served as a strong support and LUNC price bounced off it.

LUNCUSDT Chart by Tradingview

LUNC is looking to reclaim the previous high at $0.00028 before trying for the next fib-level higher, $0.0003422. If the impulse Elliot wave 5 grows bigger than wave 3, it can extend past the current high.

The market sentiment towards LUNC appears to be cautiously optimistic. The recent bullish breakout found support in late 2023 at $0.00009, leading to a strong bullish trend. This could indicate potential for further upward movement if the market sentiment remains positive.

Luna Classic (LUNC) has emerged as a token of resilience and potential. After a prolonged period of difficulty following the LUNA ecosystem collapse, LUNC began gaining attention as investors and enthusiasts speculated on its future.

As the LUNC eyes double-digit gains in the coming week, this token has grown over 4300% since its launch and it promises 1000x growth from the current price.

Chainback (ARCHIVE) is Up 4,300%, But The Growth Has Just Begun 

Chainback markets itself as a movement to democratize and reshape the decentralized file storage and cloud computing landscape. The project has expanded from decentralized file storage to include cloud computing and GPU cloud services.

Chainback identified problems in how data was being handled over the internet and decided to come up with a solution. The centralization of data storage exposed the data to the risk of breaches while giving the users minimal control over their data. 

Centralized storage systems are also prone to downtime locking users out of accessing their data. Current data storage systems are also prone to hacks, which expose user data to privacy risks.

Chainback’s solution involves using decentralized storage and robust blockchain security to keep user data safe and accessible at all times.

$ARCHIVE is the Main Token That Drives the Chainback Ecosystem

Chainback’s native token is $ARCHIVE, an ERC-20 token built on the Ethereum mainnet.

$ARCHIVE fuels the chainback ecosystem and suite of products. There is a total of 1 billion $ARCHIVE tokens, and 930 million are already in circulation.

$ARCHIVE is used as the native payment token for paying for on-demand Cloud GPU, Publishers, GPU Cloud Miners, Chainback File Storage, YANA AI, and the Chainback Cloud Platform.

ARCHIVEUSD Chart by DexScreener

Chainback has been on a rising trend since December 18, 2023, after remaining stagnant for over a year. Launched in January 2023, the $ARCHIVE token has witnessed an immense rise – over 4,300%.

$ARCHIVE has a current market cap of $8.5 million and a price of $0.0009163. Riding on the AI and DePIN narratives, Chainback is undervalued compared to the value it offers. 

Chainback’s direct competitors are Render, And Filecoin, projects that stand at over $500 million in market cap.

$ARCHIVE has not yet been listed on any centralized crypto exchange, making it a gem and alpha play for risk-takers. Liquidity is locked until 2030 on Team Finance, so investors can rest assured that the Chainback is not a rug pull. 

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