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A significant portion of cryptocurrency investors show a keen interest in extra risky altcoins, as seen with meme coins. The absence of meme coins in the list could be related to altcoins like LUNC being equivalent or perhaps even riskier. Nowadays, popular DeFi projects with $8,000 in liquidity, which emerged days ago, are not as risky as Solana meme coins.
MANA Coin Commentary
If the Metaverse were as popular as before, it could have been one of the altcoins to make 10x in 2023. Instead, areas like AI, DeFi, and RWA were popular, so they made 10-30x. Since capital in crypto is still weak, we see massive growth in a few categories each period, and the metaverse has not been one of them for a long time.
After recalling the exciting days at the end of 2021, let’s move on to MANA Coin. The price, which hit rock bottom at $0.28 last December, lingered at the same level between August and mid-October 2023. It ignored the general recovery in the last quarter and did not see a higher peak this year.
Now, if the price loses $0.5 again, it could make a new low between $0.44 and $0.42. In the opposite scenario, the $0.58 profit-taking zone needs to be exceeded, targeting the $0.65 and $0.83 resistance levels. Perhaps the excitement will return next year when we see big new things integrating AI with the Metaverse?
Chiliz (CHZ) Commentary
Recently, we noticed that the price exceeded the resistance area of the parallel channel, but it needs to close above this area in the following days. If it succeeds, it could target the $0.132 and $0.176 regions. With league finals and tournaments approaching, perhaps interest will increase towards the second and third quarters of next year.
LUNC Coin Commentary
The $40 billion ecosystem collapsed in mid-2022, but LUNA Coin victims have not given up hope for a LUNC comeback. There are those who want to see speculative rises and those with long-term goals, especially with so many L2 and L1 alternatives and even Ethereum having to compete with them.
Regarding the price, the decline to the previously mentioned level of $0.00013293 has begun. Closures below this could lead to sales down to $0.00008854. Conversely, if the price exceeds $0.00020612 again and closes above it, the target would be $0.00034546.
