Crypto: Shiba inu, TRX, Terra Luna and Cronos

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The market is still in full bearish phase, and it does not seem to want to stop. This article will analyze Shiba Inu, TRX, Terra Luna, and Cronos crypto assets.

Shiba Inu, TRX, Terra Luna and Cronos Shiba Inu (SHIB) Crypto Asset Analysis

The token born in response to Dogecoin in 2020 is the ERC-20 Ethereum-based decentralized cryptocurrency, and for 2023 it has a few tricks up its sleeve.

A bit of history is in order, if we think back to the last year plagued by major failures in the crypto world, we notice how the hardest hit were the so called meme coins which have always been seen as the land of speculation.

We are on the brink according to some analysts in the sense that the Token could extend the declines beyond the technical limit placed behind the latest supports but 2023 could also be a harbinger of good news.

With the arrival of Shibarium, Shiba’s blockchain that will give the same coin a platform capable of processing and trading NTFs and DeFi projects, the situation could return to green and burn many competitors thanks to transaction fees .

2023 will also be the year of reunion, indeed ShibaSwap should come back to the rescue of crypto to reach new price levels by reducing the tokens in circulation.

Shiba Inu is currently touching 0.0000077 with a market cap of 4.23 billion with a daily volume of 83.70 million and a supply of 549.063.28 billion.

Tron (TRX)

TRX’s recovery continues in line with last month which saw it rise 3.38% and today sees it drop another 0.35% to $0.055.

The platform is a distributed ledger that aims to form a single entertainment system with digital content in addition to the decentralization of the web world.

Self-promotion is a practice widely used by Tron and has often paid off in terms of capital inflows, but in the long run it could lead to credibility issues.

In any case, analysts predict growth in 2023 for Tron, which can carve out its own place in the crypto world this year.

Earth Moon (LUNC)

LUNC, aka Luna Classic, touches $0.000151 recording another positive performance this time by 8.5% as units in circulation stand at 6,010,764,505,474,521.

Over Christmas week, Luna Classic gained more than 20% in value in a single day and more than 35% when considered all week, bringing its market capitalization back above 1 billion in a market at doldrums.

The latest ecosystem upgrade will expand the staff with three full-time experienced blockchain developers to make Terra Luna Classic’s L1 layer more secure by allocating few but effective resources for reliability growth.

Edward Kim, who along with Zaradaruna leads the Token Revival Project, posted a timeline for the New Year on Twitter giving the hopefuls of the project’s supporters something concrete on which to base their analysis and hopes.

Chronos (CRO)

On December 16, the token touched its low at $0.0548, and in the new year, the Crypto.com token continues the trend around the lows, currently quoting $0.05745.

In the year just ended, Cronos recorded a 90% loss from $0.5830 at the start of 2022.

The token, hit hard like others by the events of Terra Luna and FTX more recently, has consistently paid everyone and everything that has helped establish its reputation in the industry.

Should Cronos fall below the $0.052 level, however, things could get ugly, thus indicating the lower support placed between $0.019 and $0.021 with a further 60% loss in value, returning to March market value d ‘three years ago.

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