I have been in the crypto market for the last 4 years and have a good knowledge regarding market ups and downs. However, I am still a student and doing research
Guys, after multiple different algorithmic updates and coin burn by Terra Luna Classic ($LUNC ) community, the price of Lunc is now gradually increasing. It is time to hold your coins and if you guys haven't buy it yet don't wait further and buy it now.
What you guys think, the price of Lunc will increase or it remains the same?
I am just trying to provide you my best analysis so that you guys take wise decision and get some valuable return. If you think, I am proving you some valuable information don't forget to support my by following and sending me tips.
The XRP community has continued to bemoan the underperformance witnessed with XRP over the past few years. This persistent underperformance since March 2020 has created a massive gap in market cap between XRP and Ethereum, two assets that continuously competed closely for the second spot in the early days.
XRP’s Battles for Second Spot Before Ethereum’s launch in July 2015, XRP battled with Litecoin for the second spot on the list of largest assets by market cap. After Ethereum launched, XRP transcended Litecoin, but instead began a new battle with $ETH . Ethereum gained the upper hand until January 2018 when XRP hit its ATH of $3.3.
However, amid the correction from this peak, XRP dropped below the second spot again. Market data confirms that since March 2020, Ethereum (red) has outperformed XRP (blue) by a mile. This has led to ETH’s market cap skyrocketing to the hundred-billionth level, while XRP’s valuation remains below $40 billion.
Currently, Ethereum boasts a market cap of $377.2 billion, while XRP’s market cap currently stands at $28.58 billion. XRP has now moved below the top 5 assets by market cap, with its current position being seventh. Despite the bearish reality, some market watchers project an imminent rally. Some of the expected targets could help XRP recover the second spot.
How Much XRP Must Rise to Flip Ethereum
Amid these predictions, we recently assessed how much XRP needs to rally to reclaim the position as the second-largest cryptocurrency. For context, XRP must surpass Ethereum’s $377.2 billion valuation to reach this feat. This would mark a new all-time high valuation for the asset.
Supposing XRP’s circulating supply remains fairly constant at 55.805 billion, the token would need to hit a price of $6.76 to claim a $377.2 billion market cap. With XRP currently changing hands at $0.5112, a massive 1,223% rally is necessary to clinch the $6.76 price level.
Bitcoin to Reach $250K, Solana to Surge to $800: Here’s How And Why
A popular analyst has raised his price target for Solana ($SOL ), projecting a potential value of $480 by the end of 2025, with a high-end estimate reaching $800. Virtual Bacon’s latest forecast hinges on several key metrics, including Solana’s supply and market cap. Currently, Solana has a supply of 579 million tokens with an annual inflation rate of 5.2%. By the end of 2025, this supply is expected to grow to approximately 625 million tokens.
In terms of market capitalization, the analyst projects that $BTC will reach a price of $250,000 by the end of 2025, resulting in a market cap of around $5 trillion. Assuming Bitcoin maintains a 50% dominance in the cryptocurrency market, this suggests a total market cap for all cryptocurrencies of $10 trillion.
Solana’s market dominance has increased from 0.75% to 3% over the past year. Assuming it remains at this level, Solana’s market cap would be $300 billion, leading to a price target of $479 per token. If Solana’s dominance increases to 5%, the price could rise to $800 per token.
He said, “I had estimated a price of $240 to $250 based on a lower market dominance assumption for Solana. However, with its current growth, I now expect Solana’s price to reach around $480, assuming a 3% market dominance. If Solana’s market dominance increases to 5%, the price could potentially reach $800.”
$LUNC News: Terra Luna Classic Moves Closer to Tax2Gas Implementation
LUNC News: Terra Luna Classic developer Genuine Labs announces developments on Tax2Gas implementation. Will blockchain and price to get major boost?
Terra Luna Classic developer Genuine Labs on Tuesday announced progress on the Tax2Gas implementation, with the most anticipated upgrade expected in July-end. The move comes as the community passed proposal 12115 “Genuine Labs Tax2Gas Implementation” last month.
Genuine Labs earlier said they require 5 weeks for research, development, and basic testing and deployment. The estimated total budget is $25,000 in LUNC.
LUNC Price To $1? Terra Classic chain and LUNC price will get a major boost after the Tax2Gas implementation. The community believes LUNC will hit $1 after Tax2Gas due to listings on crypto exchanges and return of dApps to the chain. Other mechanisms like LUNC burn will also get a further boost.
LUNC price mostly trading sideways in the last 24 hours, with the price currently trading at $0.00007074. The 24-hour low and high are $0.0000683 and $0.00007123, respectively. Moreover, trading volume decreased by 43% in the last 24 hours.
Meanwhile, USTC price is trading at $0.01567, down 12% in a week. The 24-hour trading volume saw a 41% drop in the last 24 hours as uncertainty rose amid BTC selloff by German Government.
$XRP Flashes Buy Signal For $0.50 Price As Whales, Notable Investors Buy The Dip
XRP sees significant whale accumulation and renewed market interest, flashing a buy signal for $0.50 price level. Recent data reveals whales and notable investors purchasing the dip, driving optimism.
The Ripple Labs-backed cryptocurrency, XRP, has again turned heads across the broader crypto market. On-chain data revealed that a whale has accumulated 30 million coins in the past 24 hours, stirring speculations over the XRP’s future price movements.
Notably, a recent optimistic buzz surrounding the token is its potential to scale $0.50. The whale activity, emerging amid significant price growth raises market interest.
XRP Whale Activity
Recent on-chain data has revealed significant whale activity in the XRP market, capturing the attention of crypto enthusiasts. A whale address, identified as rDA…Pxr, transferred a staggering 29.7 million XRP coins, valued at approximately $12.7 million, from Binance to an unknown wallet (rfQ…Cvi).
This movement of tokens has coincided with speculation about XRP’s potential to reach the $0.50 price target. The timing of this whale activity is particularly noteworthy, as it coincides with XRP’s recent breakthrough of the $0.42 resistance level.
This combination of large-scale accumulation and price growth has reignited interest in the Ripple Labs-backed cryptocurrency, with many investors closely monitoring the token’s performance for signs of further upward momentum.
Guys, I told you earlier to purchase $XRP and a recent article also pointing out the huge potential of this coin. If you haven't buy the XRP, purchase this coin now so you will be rich in a coming bull cycle. Here is the article:
Crypto: Ripple (XRP) is Gearing Up for a Historic Rally!
The cryptocurrency market is known for its volatility and spectacular price movements. Recently, a crypto analyst identified key indicators suggesting a potential 7500% rally for XRP, the native cryptocurrency of the XRP Ledger (XRPL).
According to recent analysis, XRP is ready to rebound after a bearish trend and reach new all-time highs. Based on Elliott Wave theory, an analytical tool used to determine price movements in crypto, XRP could mirror its 2017 rally! And reach a target price of $36.36 by the end of 2024.
To reach this target price, XRP would need to experience an impressive increase of 7637.22%. This bold prediction comes at a time when XRP has seen a decline of 4.12% over the past 24 hours. Additionally, it has dropped 11.71% over the past month, currently trading at $0.45.
Despite the recent drop in value, bullish sentiment around XRP continues to grow among crypto analysts. Another analyst, known as Egrag Crypto, predicted that XRP is nearing the Fibonacci level 1.618. This could indicate possible zones of price reversal or continuation.
However, it’s important to note that these predictions are based on technical analysis! Therefore, they do not guarantee future market movements. Investors should always exercise caution and conduct their own research before making investment decisions.
While the predictions of a massive rally for XRP are exciting, they should be taken with a grain of salt. The crypto market is unpredictable, and while technical analyses can provide indications, they are not infallible. Investors should stay informed and be ready to adapt to rapid market changes.
4 Stellar Altcoins to Buy Before They Hit a $10 Billion Market Cap
Entering Q3 2024 on a bullish trajectory, Bitcoin drops below $58,000, though with signs of recovery to $70,000. Altcoins such as $LINK , $DOT , $LTC , and MATIC emerge as the best buying opportunities, poised to uplift their market cap to $10 Billion.
The cryptocurrency market entered the third quarter of 2024 on a bullish note. The ease of the prevailing selling pressure bolstered most of the major coins to form a suitable bottom and prepare for the next recovery leap. Amid the potential reversal, Chainlink (LINK), Polkadot (DOT), Litecoin (LTC), and Polygon (MATIC) emerged as top altcoins to buy and best leverage the post-correction rally.
In a recent analysis shared by renowned trader Alicharts, it’s evident that the adage “Sell in May and go away” has lost its relevance for this year as Bitcoin witnesses a significant resurgence in retail interest.
According to the data highlighted by Alicharts, the number of new Bitcoin addresses has soared to a four-month high, reaching 432,026. This spike suggests a robust return of retail investors to the cryptocurrency market, marking a potential shift in market dynamics.
Unveil insights on Ethereum, Solana, and Binance Coin, which are prime altcoins to sell following significant liquidations and a bearish market trend in the first week of July.
The recent trading day witnessed significant losses for traders, with 59,370 of them facing liquidations, accounting for a cumulative loss of $170.64 million. Ethereum, Solana, and Binance Coin, the altcoins to sell, have experienced considerable market corrections. The largest single liquidation order happened on OKX—ETH-USD-SWAP, valued at $4.00M. These cryptocurrencies show signs of a downturn, indicating potential risks for investors.
1. Altcoins To Sell – Ethereum ($ETH )
Ethereum (ETH), a key player in the Proof-of-Stake blockchain arena, stands out with its smart contract technology. This allows it to serve as more than just a digital currency platform, unlike Bitcoin and Solana, which primarily focus on payments.
Ether is essential for the network’s operations. It fuels transactions and rewards nodes that execute complex computations, underlining the platform’s emphasis on practical applications.
There has been a noticeable increase in activity around.
2. Solana ($SOL ) Solana (SOL), a leading blockchain network, continues to capture attention with its high-speed transaction capabilities and robust platform. This Layer 1 technology has gathered a vast community, reflected in its thriving ecosystem and the surge of developers building decentralized applications. The platform’s innovative features have significantly enhanced investor confidence.
3. Binance Coin ($BNB ) Binance Coin (BNB) serves as a pivotal asset within the Binance ecosystem, functioning on both the Binance Chain (BEP-2) and the Binance Smart Chain (BEP-20).
Binance Coin has recently shown a downward trend in its price. It has fallen below the $580 resistance level, currently trading at $557. This represents a more than 3% drop in its price. Over the past week, it has decreased by 3% and 10% over the month.
Terra Classic ($LUNC ) Price Predictions and Investment Considerations
Part 2/2
This might not necessarily signal a setback or reversal in the downtrend. LUNC’s recent price movements seem to be part of a broader correction affecting the cryptocurrency market as a whole. Major players like Bitcoin (BTC) and Ethereum (ETH) have also witnessed price adjustments, suggesting market-wide volatility.
Expert Predictions & Long-Term Outlook Given the current market climate and LUNC’s historical performance, reaching $1 in the foreseeable future seems unlikely. Despite boasting high liquidity & a negative yearly inflation rate, LUNC’s price has fallen over the past year. Additionally, it has underperformed compared to many other leading cryptocurrencies.
That being said, some algorithmic forecasts offer a glimpse of potential short-term gains. CoinCodex predicts a possible rise of up to 10.71%, with LUNC reaching $0.00008987 by the end of July.
Similarly, Traders Union forecasts a trading range between $0.000075 and $0.0000916 for July. Looking further ahead, these same sources project a minimum target price of $0.0000816 for December 2024, with a potential high of $0.0000997.
Moving beyond 2024, predictions become more varied. CoinCodex suggests LUNC could break the $0.000215 barrier & maintain its market position by 2025, with a minimum anticipated price of $0.00006965. Traders Union, on the other hand, forecasts an average price of $0.00010026 by mid-2025 & $0.00011091 by year-end.
PricePredictions takes a more optimistic stance, projecting an average trading price of $0.000324 for LUNC in 2026. It’s important to remember that these are algorithmic forecasts & shouldn’t be taken as guaranteed outcomes.
Is Bitcoin's most recent dip yet another accumulation opportunity?
According to data provided by cryptocurrency analytics firm IntoTheBlock, Bitcoin whales started aggressively buying the largest cryptocurrency after its price recently dipped below the $60,000 level. This indicates strong buying pressure from large holders.
The wallets that hold more than 0.1% of the cryptocurrency's total supply received roughly 55,000 BTC of net flows over the past month.
Earlier today, pseudonymous crypto analyst Ali also said that "early signs" of Bitcoin accumulation had emerged. This presumed accumulation phase would follow three months of distribution.
As reported by U.Today, CryptoQuant's Ki Young Ju recently stated that Bitcoin's boring sideways price action could actually present a decent buying opportunity for investors. He has also opined that the bellwether coin was still in a bullish trend despite rapidly souring market sentiment.
On Wednesday, the leading cryptocurrency plunged to an intraday low of $59,712, which prompted prominent skeptic Peter Schiff to predict that it would face a much steeper correction.
So far, the bulls appear to be determined to hold the pivotal $60,000 level, with Bitcoin currently changing hands at $60,373, according to CoinGecko data. As noted by analytics firm Lookonchain, the most recent price drop coincided with massive whale deposits to the Binance exchange.
Earlier this week, Fundstrat's Tom Lee stated that the price of the largest cryptocurrency was likely to soar to $150,000 as soon as this year.
Cryptocurrencies To Buy On Cusp Of Rallying Into The Top 10
The second crypto coin is 2. $FLOKI
According to data from CoinMarketCap, the current market cap has risen to approximately $1.66 billion, marking an increase of 2.80%. Notably, the trading volume has spiked by 47% in the past 24 hours, reaching $226 million, underscoring the increasing investor interest and market activity surrounding this cryptocurrency.
Over the last week, Floki has enjoyed a 4% increase in value. Currently, the coin fluctuates within a narrow price range of $0.00016 to $0.00018, marking a notable appreciation in its market price.
FLOKI could encounter a major obstacle if it surpasses the $0.00018 mark, with a strong resistance point at $0.0002. If it sustain above this threshold, the path could open for an upward move toward $0.0003. A continued rally might even take it to $0.0005.
On the flip side, a decline below $0.00017 might send FLOKI down to its lower support trendline at $0.00016. Further market downturns could pressure it to a support level of $0.00015. This could indicate a bearish trend for the coin.