Terra (LUNA), a decentralized payment-focused blockchain, has returned to the spotlight after soaring more than 100% over the past week. This sudden surge has sparked renewed curiosity about what’s actually behind the unexpected rebound.
Despite its recent momentum, the project still carries the weight of its past collapse, leaving many early supporters cautious. Its fundamentals remain weak, with low total value locked and modest trading volumes compared to similar assets.
While recent price action has turned bullish in the short term, the project’s overall ecosystem activity remains weak, prompting analysts to closely watch Terra’s price outlook and question whether it still ranks among the best crypto to buy now.
One of the key drivers behind the recent rise of the $LUNA token is the successful rollout of the Terra Chain v2.18 upgrade on December 8, which resolved multiple bugs and improved network performance.
This update also boosted trading activity, pushing overall volume past $200 million as major exchanges, including Binance, temporarily paused deposits and withdrawals to ensure a smooth transition.
Source – Cilinix Crypto YouTube Channel
In a separate development, Adverum Biotechnologies, Inc. shared two-year follow-up data from its LUNA Phase 2 Ixo-vec trial for wet age-related macular degeneration, reporting a nearly 90% reduction in the need for anti-VEGF injections while maintaining stable vision and anatomy.
$LUNA’s price surge, the Terra network upgrade, and promising clinical results from Adverum Biotechnologies have become central factors shaping current market sentiment.
The blockchain update is expected to enhance long-term reliability, while the biotech progress adds an unexpected boost to the $LUNA name beyond the crypto sector.
Another key element driving Terra’s recent rebound is the heightened attention surrounding Do Kwon’s upcoming December 11 sentencing.
Following his guilty plea related to the $40 billion collapse, U.S. prosecutors are recommending a 12-year sentence, while his defense team is pushing for just five, fueling speculation and renewed activity around Terra-connected assets.
Sentiment has also improved thanks to the surge in Terra Luna Classic (LUNC) token burns, with developers and major platforms like Binance removing nearly 1.57 billion LUNC from circulation in the past week alone.
To date, around 428 billion LUNC have been burned from the 6.47 trillion supply, contributing to a strong price rally that saw LUNC climb nearly 160% before stabilizing near $0.000063.
In terms of price outlook, Terra is positioned at a critical resistance zone around the $0.15 level. This area represents the lower boundary of a previous trading range, making it a key threshold for determining whether the asset can start a stronger continuation rally.
A sustained break above this level, could open the path toward the next target at approximately $0.19, a move historically followed when the asset manages to reclaim lost ranges with strong momentum.
However, several bearish signals remain present, including RSI divergence, weakening volume, and negative market sentiment ahead of broader macroeconomic catalysts. If the price fails to hold above $0.14, a decline toward $0.12–$0.10 becomes more likely as bearish momentum reasserts itself.
For investors exploring opportunities beyond Terra, the wider market offers several emerging alternatives with stronger fundamentals. Crypto presales, in particular, allow early supporters to participate before they reach wider adoption.
Below are two meme coin presales that are both raising millions and have been recognized by experts as among the best crypto to buy now.
Bitcoin Hyper is rapidly gaining attention as one of the most ambitious crypto presales of the year. The project, designed as a fast Bitcoin layer-2 chain, allows users to bridge Bitcoin into a new ecosystem where it can be staked, used in DeFi, or even for meme coins before returning to the main chain.
Its presale has already attracted hundreds of buyers, raising nearly $29.3 million, with $30 million considered imminent. The project’s tokenomics allocate substantial funds to treasury, marketing, exchange listings, rewards, and development, providing a strong foundation for growth.
With an expanding ecosystem including a wallet, explorer, and bridge, Bitcoin Hyper is positioning itself for mainstream adoption. Market interest continues to grow as the project demonstrates both innovation and scalability.
Visit Bitcoin Hyper
Pepenode is a crypto presale project combining a “mine-to-earn” concept with meme coin culture. Early supporters can purchase $PEPENODE tokens to set up virtual mining nodes, upgrade facilities, and earn meme coins, including Pepe and Fartcoin, with additional bonuses for top miners.
The system rewards strategic combinations and optimized setups, adding a skill-based element to staking. The presale has raised $2.3 million so far, with 29 days remaining to participate, and staking rewards up to 560% APY before gradually decreasing as the sale progresses.
Tokenomics prioritize community growth, protocol development, and marketing, with 35% allocated for engagement and activations. Pepenode aims to build a cult-like community while offering gamified yield opportunities.
Visit Pepenode
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