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BounceBit Price Soars 40%, Will The Rally Continue ? #EarnFreeCrypto2024 #PEPE‏ #altcoins #BinanceLaunchpool #BlackRock The BounceBit price surged more than 40% today, catching the attention of the market participants. Although no specific recent events have triggered this spike, the broader market rally seems to have played a role. In addition, some other recent developments surrounding BounceBit (BB) may have also helped bolster the investors’ confidence. Why Is BounceBit Price Soaring? The recent surge in the BounceBit price has left many investors wondering about the potential reasons behind it. While no specific developments were noted today, it seems that the project’s recent unveiling of its roadmap has fueled market confidence. For context, BounceBit recently announced its roadmap to democratize high-yield Bitcoin investing by merging centralized and decentralized finance (DeFi). According to a Medium blog post, BounceBit aims to blend the liquidity of centralized exchanges with decentralized infrastructure for Bitcoin without altering its core technology. Meanwhile, BounceBit plans to enhance its BounceBit Chain, a proof-of-stake layer-1 chain secured by validators staking both Bitcoin and BounceBit’s native token BB. In addition, the startup plans to optimize the Ethereum Virtual Machine (EVM) execution layer to improve node performance. In addition, other improvements include developing a shared security client module for other projects to utilize BounceBit’s liquidity. To achieve that, it plans to construct a new mempool module for higher transaction throughput, and refactoring the communication layer between EVM and Cosmos SDK. Besides, BounceBit also aims to introduce the Fixed Earn product, offering fixed income for Bitcoin and dollar assets, akin to traditional crypto lending. Simultaneously, it also announced launching BounceClub, enabling users to create their own centralized and decentralized finance (DeFi) products using BounceBit’s widget.

BounceBit Price Soars 40%, Will The Rally Continue ?

#EarnFreeCrypto2024 #PEPE‏ #altcoins #BinanceLaunchpool #BlackRock The BounceBit price surged more than 40% today, catching the attention of the market participants. Although no specific recent events have triggered this spike, the broader market rally seems to have played a role. In addition, some other recent developments surrounding BounceBit (BB) may have also helped bolster the investors’ confidence.

Why Is BounceBit Price Soaring?

The recent surge in the BounceBit price has left many investors wondering about the potential reasons behind it. While no specific developments were noted today, it seems that the project’s recent unveiling of its roadmap has fueled market confidence. For context, BounceBit recently announced its roadmap to democratize high-yield Bitcoin investing by merging centralized and decentralized finance (DeFi). According to a Medium blog post, BounceBit aims to blend the liquidity of centralized exchanges with decentralized infrastructure for Bitcoin without altering its core technology.

Meanwhile, BounceBit plans to enhance its BounceBit Chain, a proof-of-stake layer-1 chain secured by validators staking both Bitcoin and BounceBit’s native token BB. In addition, the startup plans to optimize the Ethereum Virtual Machine (EVM) execution layer to improve node performance. In addition, other improvements include developing a shared security client module for other projects to utilize BounceBit’s liquidity. To achieve that, it plans to construct a new mempool module for higher transaction throughput, and refactoring the communication layer between EVM and Cosmos SDK.

Besides, BounceBit also aims to introduce the Fixed Earn product, offering fixed income for Bitcoin and dollar assets, akin to traditional crypto lending. Simultaneously, it also announced launching BounceClub, enabling users to create their own centralized and decentralized finance (DeFi) products using BounceBit’s widget.

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Terra Classic and Terra Luna Price Prediction !! #StartInvestingInCrypto #Megadrop #altcoins #BinanceLaunchpool #MicroStrategy With the meme coins taking a pause after massive price jumps, the low cap altcoins are gaining momentum. Amidst such market conditions, the Terra tokens display a gradual rise in bullish momentum in a rising channel. However, with the BTC price struggling under the $70K level, will the altcoins manage a comeback in a volatile market? So, let’s look closer at their price charts to identify bullish entry spots. Will Terra Classic Rising Channel Fuel Golden Cross? With a recovery trend in motion, the LUNC price trend shows a bullish attempt to gain momentum to gradually undermine the previous correction wave. Further, the Terra Classic token is up against the bearish aligned 50 and 200 EMA in the daily chart after the recent death cross. Currently, the recovery rally displays a comeback from the 78.60% Fibonacci level and challenges the 61.80% Fibonacci level. Further, the rising channel reveals an underlying improvement. With a push from the broader market recovery, the Terra Classic (LUNC) price trend could reach the $0.00015 mark or the 50% Fibonacci level. Will Luna Price Reach $0.00017? Similar to the Terra Classic chart, the LUNA price chart shows a similar rising channel as the demand increases significantly over the week. The altcoin has increased by 12% in a fortnight, teasing a stronger recovery rally. Moreover, the bullish trend surpasses the 50D EMA and challenges the 23.60% Fibonacci level. Furthermore, the bullish rise in the RSI line approaches the overbought boundary. In case of a bullish breakout, the uptrend in the LUNA price can reach the $0.00017 mark or the 50% Fibonacci level. In conclusion, the bullish trend in the Terra tokens is gaining momentum and teases a trend reversal rally in the coming weeks. With bullish patterns and breakout possibilities, the altcoin prices could reach the marked 50% Fibonacci level in respective charts.
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Terra Classic Price Forecast: $1 LUNC Nigh On SEC Settlement, Rising Open Interest !! #Megadrop #StartInvestingInCrypto #BinanceLaunchpool #BlackRock #MicroStrategy Terra Classic price forecast: LUNC has recently shown a significant surge in the cryptocurrency market. The LUNC price is currently at $0.0001207, reflecting an 8.45% increase over the past day. It hovered above $0.00012 on Friday, indicating a strong upward trend and renewed investor confidence. Terra Classic Price Forecast: Market Optimism Drives Surge.The market capitalization of Terra Classic stands at $699.65 million, marking an 8% rise. Its 24-hour trading volume has surged by 273.87%, reaching $128.13 million, positioning LUNC at #66 in terms of volume. The volume-to-market cap ratio is 18% while the circulating supply holds at 5.79 trillion, with a total supply of 6.97 trillion. Over the past week, LUNC price has been trading upward, with an 8% surge driven by increasing market optimism and renewed investor interest. Additionally, in the past month, this token experienced a steady rise of 15%, trading in a range of $0.0001 to $0.00012, reflecting a positive market sentiment. The Terra Classic tokens experienced a notable price surge following a tentative settlement between Terraform Labs (TFL), Do Kwon, and the U.S. Securities and Exchange Commission (SEC). This development comes after a jury found Kwon and his company guilty of deceiving investors of nearly $40 billion.According to Coinglass data, the futures open interests for LUNC and 1000LUNC have jumped by 15% in the last 24 hours.As bullish sentiment gains momentum, Terra Classic (LUNC) could surpass the $0.00013 mark, signaling a renewed upward trend. This positive market shift might push the Terra Classic price toward breaching the resistance at $0.0002, aiming for $0.0005 in the next bullish cycle.However, if market skepticism dominates, LUNC may retreat to the $0.00012 support level. A prolonged negative trend could see further declines to $0.00011, increasing the likelihood of selling pressure.
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SHIB Price Prediction: Reasons Why Shiba Inu Coin Is Ready For $0.0001? #Megadrop #ETHETFsApproved #altcoins #BinanceLaunchpool #BlackRock SHIB price prediction: Shiba Inu Coin has recently been on the investor’s radar as the dog-themed meme coin began to make hype once more. In the March post-Bitcoin ETF rally, SHIB price gained a whopping 390%. Data from CoinGecko shows Shiba Inu price traded around $0.0000259 during European hours, a 5.5% decrease in the last 24 hours and a 6.1% increase in 7 days. SHIB price is currently in an ascending triangle and almost at the end. Ascending triangles show investors’ interest and accumulation as the highs remain relatively flat with lows rising higher. If the market structure holds, Shiba Inu may break out on the upside and rally 32% to around $0.000036. The second-largest meme coin’s action is currently trending well above the 50-day and 200-day simple moving average (SMA), which is a bullish signal. However, despite the gradual price increase, SHIB’s 24-hour trading volume is down 40%, according to data from Coingecko.Nevertheless, investors remain confident in Shiba Inu, as Coingecko stats show 74% of users are bullish against 26% who are bearish.On its way up, the SHIB price may encounter several key resistance points around $0.000029, $0.000026, and $0.000041. Conversely, a heavy support structure has formed around the current price level ($0.000025) that may hold up the price. Shiba Inu’s price fundamentals are strong as the meme coin rides in favor of its huge community. Coinbase Futures recently announced support for SHIB perpetual futures, with trading beginning on May 30, 2024. Several renowned crypto analysts have also called for imminent SHIB price breakouts in the near future. Ali Martinez suggested a 20% upswing in price if the SHIB price breaks above $0.000025. Nexo, a leading centralized crypto exchange, announced SHIB as their new listing, citing its evolution from a joke meme coin to a formidable DeFi giant. Another subsidiary of VanEck, the billion-dollar U.S.
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Investors Show Strong Interest in DOGE, TON, and SHIB !! #EarnFreeCrypto2024 #Megadrop #altcoins #BinanceLaunchpool #MicroStrategy The recent memecoin hype has led many investors to choose this area. During this process, the number of users in many ecosystems has increased, and many memecoin projects continue to experience notable rises. So, what is expected for DOGE, TON, and SHIB, which have received great interest from investors recently? We analyze with detailed chart analysis and important support and resistance levels. Dogecoin Chart Analysis Bulls did not allow Dogecoin to fall below the 20-day EMA average of $0.16, indicating that dips are being bought. The 20-day EMA average is flattening, and the RSI is near the midpoint, showing a balance between supply and demand. If buyers surpass the $0.18 resistance, the DOGE/USDT pair is likely to rise to $0.21.Conversely, if the price falls and breaks below the moving averages, it will indicate that the bulls have given up. This could drop the price to $0.14 and keep the pair in the $0.12 to $0.17 range for a few more days. TON Chart Analysis Toncoin (TON) finds support at the moving averages, but bulls are struggling to initiate a strong recovery. Buyers will gain the upper hand if they hold and sustain the price above $6.73. If they succeed, the TON/USDT pair could start a rise towards the overall resistance of $7.67. This is a key level that bears must defend because a break above it will signal the resumption of the uptrend. Bears will need to quickly pull the price below the $6 support to prevent the rise. The pair could drop to $5.50 and then to the strong support of $4.72. Shiba Inu Chart Analysis Shiba Inu broke above the symmetrical triangle formation on May 27, indicating that the uncertainty resolved in favor of the bulls. It started rising towards the 20-day EMA average of $0.000025, and the RSI is in the positive zone, signaling that bulls have the upper hand. There is minor resistance at $0.000030, but it is likely to be surpassed. The SHIB/USDT pair could then rise to $0.000033.
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Arbitrum Price Prediction: Network Activity, DeFi TVL Expands, Can ARB Climb To $1.7 ? #EarnFreeCrypto2024 #Megadrop #BinanceLaunchpool #BlackRock #MicroStrategy Arbitrum Price Prediction: The Bitcoin price hovering above $67000 since last week has sparked a broader market consolidation. Along with most of the major altcoins, the Arbitrum shows this uncertainty in price behaviors. The coin price is developing alternative green and red candles in the daily chart between the horizontal levels of $1.26 and $1.12. Will this lack of initiation from buyers or sellers lead to a prolonged sideways trend in the ARB price? Amid the broader market recovery, the Arbitrum developed a local bottom at $0.923 level. A potential turnaround from this support has uplifted the altcoin value by 38% to challenge the overhead resistance at $1.275. Additionally, data from the on-chain analytics aggregator DeFiLlama reveals that the Total Value Locked (TVL) in Arbitrum has surged from $2.34 billion at the onset of May to $3.093 billion, marking a substantial growth of approximately 32.2%. This increase in TVL signifies growing confidence and investment in the Arbitrum network, indicating a robust and expanding ecosystem that continues to attract more users and capital. An analysis of the daily chart shows the ARB price developing a bullish reversal pattern called inverted head and shoulder pattern. If the chart setup holds true, the Arbitrum currently trading at $1.18 could breach the overhead resistance of $1.275.This potential breakout will accelerate the buying momentum and set the asset for higher targets at $1.6, followed by $1.74.
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