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Last month was not good for Terra (LUNA) and LUNA Classic (LUNC) communities because these coins recorded a significant downtick. Terra (LUNA) declined by 7% for the past 30 days of this writing, while LUNA Classic (LUNC) declined by a whopping 31% during the same period.
The downtrend that Terra 2.0 and LUNA Classic posted last month was a continuation of the previous months. These two coins have recorded poor price performance despite the many measures that the teams have put into preventing the plunge.
The recent review of the Terra burning on-chain tax has yet to impact the LUNC and despite billions of tokens already burned, the coin is not doing better today. So what can Terra (LUNA) and LUNA Classic (LUNC) investors expect this November? Well, two things might happen.
Though the overall global crypto market might be bullish, Terra 2.0 and LUNA Classic might put up a bearish growth. This is because the selling pressure on these coins might build up unless these teams release developments that will keep holders holding.
The issue of the Terra founder, Don Kwon, will still be a factor for this month. Any negative news for the founder will impact these coins, as has been the case in the past months. However, there might be spikes in prices this month depending on the developments surrounding Terra (LUNA) and LUNA Classic (LUNC). So, the bearish price performance is a high possibility.
The last few months have seen Terra (LUNA) and LUNA Classic (LUNC) get tough competition from Bitgert (BRISE) and Centcex (CENX). These are two coins that are expected to do very well in the market this month.
With a +200% price increase prediction, this November, Bitgert (BRISE) and Centcex (CENX) will be attracting a lot of LUNA and LUNC investors. This has been happening over the last few months but will get bigger this month.
The fact that Bitgert (BRISE) and Centcex (CENX) have massive developments this month makes them better investments than LUNC and LUNA. Bitgert delivering more roadmap V2 products and tens of projects this month makes it an ideal investment in the market today.
The Terra (LUNA) and LUNA Classic (LUNC) have to deal with growing selling pressure and tough competition from Bitgert and Centcex. These coins will have to jump these two hurdles this November to keep their investors in profit.
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