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Ethereum - $1,265.58 1h🔻-0.3% 24h🔻-1.46% 7d🔻-2.19% 24h Volume $3,990,379,311 Market Cap $152,582,251,448 24h High/Low $1,284.70 / $1,258.89 #ETH #Price
Ethereum - $1,265.58

1h🔻-0.3%
24h🔻-1.46%
7d🔻-2.19%

24h Volume
$3,990,379,311

Market Cap
$152,582,251,448

24h High/Low
$1,284.70 / $1,258.89

#ETH #Price
“34,000 a Bitcoin by the Halving? In the past cycles BTC price was successively at -56%, -54% and -52% decrease from previous ATHs when the halving occurred.  If this pattern were to repeat Bitcoin could be gravitating around $34K by next halving which coincide with -50% decrease from its previous ATH.  That would be the last chance to accumulate BTC at such price imo #Bitcoin #Price Analysis
“34,000 a Bitcoin by the Halving?

In the past cycles BTC price was successively at -56%, -54% and -52% decrease from previous ATHs when the halving occurred. 

If this pattern were to repeat Bitcoin could be gravitating around $34K by next halving which coincide with -50% decrease from its previous ATH. 

That would be the last chance to accumulate BTC at such price imo

#Bitcoin #Price Analysis
Binance Coin Achieve $400 Mark! The #Binance coin recorded a⁤ neutral trend for a brief period, indicating a rise in the disinterest ⁤of investors in this altcoin. However, the BNB token has regained‌ momentum and has recorded a notable run ⁣over the past few days. The Binance coin price recorded a jump of approximately ⁢5% within the past​ day but has added over‍ 31%‍ to its portfolio this month,⁤ highlighting a positive outlook ⁢for the token in the coming time.‌ Further, the token has ‌successfully achieved its $400 mark,‌ indicating a bullpower in the market. The BNB coin price traded in a closed ⁣range between $297.5 and $308 for over a week, following which the bulls gained momentum and recorded a jump of ​10.18% over the next two‍ days. After this, the Binance token displayed a⁢ neutral⁢ trend for a brief period, indicating a weak price action ⁣for the coin in⁢ the market. As ⁤the market volatility grew, ⁤the BNB token regained momentum and jumped approximately 14% in valuation. #BNB Coin‌ Price Analysis Following this, the price traded in a closed ⁤range‌ between $348.5 and $364.5 for the‍ next⁣ six days.⁢ After multiple attempts, the ‍bulls jumped 8.78% before facing rejection at ​$393.9. The Binance coin price⁢ traded sideways for‌ a while,⁤ following which the bulls⁣ recently‌ jumped 5%, resulting in it achieving its $400 ‌mark after over two​ years. Will BNB #Price Go Up? The Relative Strength Index ⁤(RSI) continues ⁤to hover above ‍the overbought range, indicating a strong bullish​ influence in the crypto ​space. Further, the averages show a‍ constant rise, suggesting the price will continue gaining value in the coming time. If ⁣the market pushes the ⁢price above the resistance level of $401, the bulls will regain power and prepare to test ‍its upper resistance level of $420 this week. Maintaining⁢ the price at that level ⁤will set the stage for the BNB coin to attempt to test its ‍upper limit of $435 in the upcoming weeks. Read full article: https://bit.ly/48BIpVk
Binance Coin Achieve $400 Mark!

The #Binance coin recorded a⁤ neutral trend for a brief period, indicating a rise in the disinterest ⁤of investors in this altcoin. However, the BNB token has regained‌ momentum and has recorded a notable run ⁣over the past few days.

The Binance coin price recorded a jump of approximately ⁢5% within the past​ day but has added over‍ 31%‍ to its portfolio this month,⁤ highlighting a positive outlook ⁢for the token in the coming time.‌ Further, the token has ‌successfully achieved its $400 mark,‌ indicating a bullpower in the market.

The BNB coin price traded in a closed ⁣range between $297.5 and $308 for over a week, following which the bulls gained momentum and recorded a jump of ​10.18% over the next two‍ days.

After this, the Binance token displayed a⁢ neutral⁢ trend for a brief period, indicating a weak price action ⁣for the coin in⁢ the market. As ⁤the market volatility grew, ⁤the BNB token regained momentum and jumped approximately 14% in valuation.

#BNB Coin‌ Price Analysis

Following this, the price traded in a closed ⁤range‌ between $348.5 and $364.5 for the‍ next⁣ six days.⁢ After multiple attempts, the ‍bulls jumped 8.78% before facing rejection at ​$393.9.

The Binance coin price⁢ traded sideways for‌ a while,⁤ following which the bulls⁣ recently‌ jumped 5%, resulting in it achieving its $400 ‌mark after over two​ years.

Will BNB #Price Go Up?

The Relative Strength Index ⁤(RSI) continues ⁤to hover above ‍the overbought range, indicating a strong bullish​ influence in the crypto ​space. Further, the averages show a‍ constant rise, suggesting the price will continue gaining value in the coming time.

If ⁣the market pushes the ⁢price above the resistance level of $401, the bulls will regain power and prepare to test ‍its upper resistance level of $420 this week. Maintaining⁢ the price at that level ⁤will set the stage for the BNB coin to attempt to test its ‍upper limit of $435 in the upcoming weeks.

Read full article:
https://bit.ly/48BIpVk
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159 votes • Voting closed
Is SHIB Dead or what? SHIB Price Prediction: SHIB Price Could Reach $1 If This happens 🔥Even though Shiba Inu’s prices in the crypto market are not very high, it has proven to have a lot of potential. As the world of cryptocurrencies keeps changing, many investors and fans are still interested in Shiba Inu. In this prediction, we’ll look at how much the price of SHIB might increase. Let’s take a look at this SHIB price prediction in more detail 🎄SHIB Price Prediction: How has the Shiba Inu price moved in recent days? As of now, the price of Shiba Inu is $ 0.00001042, and it has a trading volume of $ 237.87M in the last 24 hours. The market cap is $ 6.14B, and Shiba Inu’s market dominance is 0.38%, with a 5.87% increase in the past day. The highest Shiba Inu price was on Oct 28, 2021, at $ 0.00008819, and the lowest was on Nov 28, 2020, at $ 0.0₁₀5637. After reaching its all-time high, the lowest price dropped to $ 0.0₅5603. The highest price since the last low was $ 0.00001179. Currently, the sentiment for Shiba Inu’s price prediction is bullish, and the Fear & Greed Index shows 73 (Greed). 🚨The circulating supply of Shiba Inu is 589.32 trillion SHIB out of a maximum supply of 589.74 trillion SHIB. The yearly supply inflation rate is 7.33%, resulting in the creation of 40.25 trillion SHIB in the last year. In terms of market cap, Shiba Inu is ranked #5 in the Ethereum (ERC20) Tokens sector and #2 in the Meme Coins sector. Disclaimer: This article just for education not any financial advise Pls don’t forget to follow thanks #SHIB💥 #Price
Is SHIB Dead or what? SHIB Price Prediction: SHIB Price Could Reach $1 If This happens

🔥Even though Shiba Inu’s prices in the crypto market are not very high, it has proven to have a lot of potential. As the world of cryptocurrencies keeps changing, many investors and fans are still interested in Shiba Inu. In this prediction, we’ll look at how much the price of SHIB might increase. Let’s take a look at this SHIB price prediction in more detail

🎄SHIB Price Prediction: How has the Shiba Inu price moved in recent days?
As of now, the price of Shiba Inu is $ 0.00001042, and it has a trading volume of $ 237.87M in the last 24 hours. The market cap is $ 6.14B, and Shiba Inu’s market dominance is 0.38%, with a 5.87% increase in the past day.
The highest Shiba Inu price was on Oct 28, 2021, at $ 0.00008819, and the lowest was on Nov 28, 2020, at $ 0.0₁₀5637. After reaching its all-time high, the lowest price dropped to $ 0.0₅5603. The highest price since the last low was $ 0.00001179. Currently, the sentiment for Shiba Inu’s price prediction is bullish, and the Fear & Greed Index shows 73 (Greed).

🚨The circulating supply of Shiba Inu is 589.32 trillion SHIB out of a maximum supply of 589.74 trillion SHIB. The yearly supply inflation rate is 7.33%, resulting in the creation of 40.25 trillion SHIB in the last year. In terms of market cap, Shiba Inu is ranked #5 in the Ethereum (ERC20) Tokens sector and #2 in the Meme Coins sector.
Disclaimer: This article just for education not any financial advise

Pls don’t forget to follow thanks

#SHIB💥 #Price
📊While #VC #investment has typically correlated to #Bitcoin price, that correlation broke down in 2023. $BTC s #Price increased by160% while Crypto VC #capital invested continuously made new lows📉 Is the correlation broken forever?👀
📊While #VC #investment has typically correlated to #Bitcoin price, that correlation broke down in 2023.

$BTC s #Price increased by160% while Crypto VC #capital invested continuously made new lows📉

Is the correlation broken forever?👀
🚀 Unveiling insights about PIXEL's grand entrance on "BINANCE"! ChatGPT spillin' the tea! 🗣User: 👉 What's the lowdown on PIXEL's launch price on Binance, considering its unique concept, initial supply, and Launchpool dynamics? 🤖ChatGPT: 👉 For sure! PIXEL's creativity, initial supply, and Launchpool vibe hint at an opening price ranging from $0.05 to $0.10 USD per token. ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ Spread the love with a "TIP" using "TIP THE CREATOR"! Your support fuels our journey. Big thanks! ❤️🚀 #Pixels #ChatGPT #Price $DYM #Write2Earn 💸🌈
🚀 Unveiling insights about PIXEL's grand entrance on "BINANCE"! ChatGPT spillin' the tea!

🗣User: 👉 What's the lowdown on PIXEL's launch price on Binance, considering its unique concept, initial supply, and Launchpool dynamics?

🤖ChatGPT: 👉 For sure! PIXEL's creativity, initial supply, and Launchpool vibe hint at an opening price ranging from $0.05 to $0.10 USD per token.
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Spread the love with a "TIP" using "TIP THE CREATOR"! Your support fuels our journey. Big thanks! ❤️🚀
#Pixels #ChatGPT #Price $DYM #Write2Earn 💸🌈
LIVE
--
Bullish
📈 The #Price of $CAKE has rallied by 9% in the past 24 hours. 💰The Pancake Swap team proposed reducing the #totalsupply of #CAKEtoken from 750M to 450M tokens. The voting period for the proposal began on Thursday and will last until Friday👀 Thus far, over 96% have voted in favor of the proposal🚀
📈 The #Price of $CAKE has rallied by 9% in the past 24 hours.

💰The Pancake Swap team proposed reducing the #totalsupply of #CAKEtoken from 750M to 450M tokens.

The voting period for the proposal began on Thursday and will last until Friday👀

Thus far, over 96% have voted in favor of the proposal🚀
🚀 Revealing deets on PIXEL's epic debut on "BINANCE"! Get ready for the scoop from ChatGPT! 👇 ................,..................................... 🚀🚀if you want 3 usdt then open my first pinned post,click my profile pic to open and claim 3 usdt🛑 🍝🍝🍝🍝🍝🍝🍝🍝🍝🍝🍝🍝🍝 🗣User: 👉 What's the buzz on PIXEL's launch price on Binance, considering its unique concept, initial supply, and Launchpool dynamics? 🤖ChatGPT: 👉 Absolutely! PIXEL's innovation, initial supply, and Launchpool vibes suggest an opening price dancing between $0.05 to $0.10 USD per token. ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ Spread the joy with a "TIP" through "TIP THE CREATOR"! Your support powers our journey. Much appreciated! 💖🚀 #Pixels #ChatGPT #Price $DYM 💰✨#Write2Earn
🚀 Revealing deets on PIXEL's epic debut on "BINANCE"! Get ready for the scoop from ChatGPT! 👇

................,.....................................
🚀🚀if you want 3 usdt then open my first pinned post,click my profile pic to open and claim 3 usdt🛑
🍝🍝🍝🍝🍝🍝🍝🍝🍝🍝🍝🍝🍝
🗣User: 👉 What's the buzz on PIXEL's launch price on Binance, considering its unique concept, initial supply, and Launchpool dynamics?
🤖ChatGPT: 👉 Absolutely! PIXEL's innovation, initial supply, and Launchpool vibes suggest an opening price dancing between $0.05 to $0.10 USD per token.
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Spread the joy with a "TIP" through "TIP THE CREATOR"! Your support powers our journey. Much appreciated! 💖🚀 #Pixels #ChatGPT #Price $DYM 💰✨#Write2Earn
📈 JUST IN: $BNB reached the highest #Price in six months, breaking the $300 #resistance level to sit at ~$303 at the time of writing
📈 JUST IN: $BNB reached the highest #Price in six months, breaking the $300 #resistance level to sit at ~$303 at the time of writing
Bitcoin stayed below the $26.5K mark, experiencing a dip earlier on Wednesday in response to disappointing UK inflation data. Investors carefully considered the impasse over the US debt ceiling and reviewed the Federal Open Market Committee (FOMC) minutes from earlier this month. #bitcoin #Price
Bitcoin stayed below the $26.5K mark, experiencing a dip earlier on Wednesday in response to disappointing UK inflation data. Investors carefully considered the impasse over the US debt ceiling and reviewed the Federal Open Market Committee (FOMC) minutes from earlier this month.

#bitcoin #Price
🚀💰 𝗗𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁 𝗺𝗮𝗸𝗲𝘀 𝗰𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗽𝗿𝗶𝗰𝗲𝘀 𝗿𝗶𝘀𝗲 𝗼𝗿 𝗳𝗮𝗹𝗹? 𝗛𝗼𝘄 𝗖𝗿𝘆𝗽𝘁𝗼 𝗣𝗿𝗶𝗰𝗲𝘀 𝗠𝗼𝘃𝗲: 𝗛𝗲𝗿𝗲 𝗶𝘀 𝘁𝗵𝗲 𝗚𝘂𝗶𝗱𝗲 🌐 1️⃣ Supply and Demand Rules: - Like any commodity, crypto prices dance to the tune of supply and demand. More demand? Prices soar! Less interest? Brace for a dip! 2️⃣ Digital Wallet Impact: - The more wallets in play, the hotter the crypto scene! Increased wallets signal rising interest and potential price hikes. Quiet wallets? Prices might take a nosedive. 3️⃣ Market Acceptance Magic: - When a crypto gains mainstream love, its value rockets! Some even become transaction stars, shaping their worth based on real-world acceptance. 4️⃣ Economic Events' Ripple: - No escape from global happenings! Economic shifts and crises cast shadows on crypto prices, proving they're not totally immune to the world's twists and turns. 5️⃣ Coin Development Drive: - A crypto's destiny lies in its development. A solid project boosts investor confidence, lifting the crypto to new heights. 🌪 Cryptocurrency Volatility Unveiled: - Brace for a wild ride! 24/7 markets, media buzz, ownership concentration, short-term profits, and the market's youth create the perfect storm of crypto price volatility. 🔍 In Conclusion: - The crypto dance floor is ruled by supply/demand, wallet trends, market love, economic shifts, and project potential. Strap in for the ride, keeping in mind the market's lightning-fast changes! ⚡️ Whether you're a curious onlooker or eyeing an investment, this guide simplifies the crypto maze! 🚀💼 $BTC #crypto #Price
🚀💰 𝗗𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘄𝗵𝗮𝘁 𝗺𝗮𝗸𝗲𝘀 𝗰𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗽𝗿𝗶𝗰𝗲𝘀 𝗿𝗶𝘀𝗲 𝗼𝗿 𝗳𝗮𝗹𝗹?

𝗛𝗼𝘄 𝗖𝗿𝘆𝗽𝘁𝗼 𝗣𝗿𝗶𝗰𝗲𝘀 𝗠𝗼𝘃𝗲: 𝗛𝗲𝗿𝗲 𝗶𝘀 𝘁𝗵𝗲 𝗚𝘂𝗶𝗱𝗲 🌐

1️⃣ Supply and Demand Rules:

- Like any commodity, crypto prices dance to the tune of supply and demand. More demand? Prices soar! Less interest? Brace for a dip!

2️⃣ Digital Wallet Impact:

- The more wallets in play, the hotter the crypto scene! Increased wallets signal rising interest and potential price hikes. Quiet wallets? Prices might take a nosedive.

3️⃣ Market Acceptance Magic:

- When a crypto gains mainstream love, its value rockets! Some even become transaction stars, shaping their worth based on real-world acceptance.

4️⃣ Economic Events' Ripple:

- No escape from global happenings! Economic shifts and crises cast shadows on crypto prices, proving they're not totally immune to the world's twists and turns.

5️⃣ Coin Development Drive:

- A crypto's destiny lies in its development. A solid project boosts investor confidence, lifting the crypto to new heights.

🌪 Cryptocurrency Volatility Unveiled:

- Brace for a wild ride! 24/7 markets, media buzz, ownership concentration, short-term profits, and the market's youth create the perfect storm of crypto price volatility.

🔍 In Conclusion:

- The crypto dance floor is ruled by supply/demand, wallet trends, market love, economic shifts, and project potential. Strap in for the ride, keeping in mind the market's lightning-fast changes! ⚡️

Whether you're a curious onlooker or eyeing an investment, this guide simplifies the crypto maze! 🚀💼

$BTC #crypto #Price
Bitcoin ETF OverviewThe ETF is a a pathway and a progression to the mainstream adoption of BTC. Following is the top 10 BTC ETF in the world and their BTC holdings. Which ETF is best? #ETFS #BlackRockIBIT #GBTC(Grayscale) #BTCHoldings #Price

Bitcoin ETF Overview

The ETF is a a pathway and a progression to the mainstream adoption of BTC. Following is the top 10 BTC ETF in the world and their BTC holdings.

Which ETF is best?
#ETFS #BlackRockIBIT #GBTC(Grayscale) #BTCHoldings #Price
$SHIB Inu ($SHIB) Bull Market #Analysis : Current #Price Range: 0.00000960-0.00000980🚨 Next Target: 0.00000985🚀 Subsequent #Targets : 0.0000105, 0.00001548 Major #Resistance Zone: 0.0000215 If it breaks the resistance zone, ATH (All-Time High) possible at 0.00004755! Remember to DYOR (Do Your Own Research) and trade with caution. Take care and happy trading! Give #followme hit like and comment $BTC $BNB
$SHIB Inu ($SHIB ) Bull Market #Analysis :

Current #Price Range: 0.00000960-0.00000980🚨

Next Target: 0.00000985🚀

Subsequent #Targets : 0.0000105, 0.00001548

Major #Resistance Zone: 0.0000215

If it breaks the resistance zone, ATH (All-Time High) possible at 0.00004755!

Remember to DYOR (Do Your Own Research) and trade with caution.

Take care and happy trading!

Give #followme hit like and comment

$BTC $BNB
TOP 3 COINS AND THEIR SIGNIFICANCE IN MARKET1.Bitcoin (BTC): The pioneer of cryptocurrencies, Bitcoin has the largest market cap. Its price can be volatile, but it's considered a store of value by many.2. Ethereum (ETH): Ethereum is known for its smart contract capabilities and decentralized applications. Its price is influenced by various factors, including the adoption of its technology.3. Binance Coin (BNB): BNB is the native token of the Binance exchange. It offers various utility functions and discounts on trading fees. Its price can be influenced by the success of the Binance platform.Remember, cryptocurrency prices can be unpredictable, so it's important to do thorough research and consider multiple factors before investing. 📈💰 Let me know if you have any other questions!#btc #Price #Trendingcoins #BNB $BTC $BTC

TOP 3 COINS AND THEIR SIGNIFICANCE IN MARKET

1.Bitcoin (BTC): The pioneer of cryptocurrencies, Bitcoin has the largest market cap. Its price can be volatile, but it's considered a store of value by many.2. Ethereum (ETH): Ethereum is known for its smart contract capabilities and decentralized applications. Its price is influenced by various factors, including the adoption of its technology.3. Binance Coin (BNB): BNB is the native token of the Binance exchange. It offers various utility functions and discounts on trading fees. Its price can be influenced by the success of the Binance platform.Remember, cryptocurrency prices can be unpredictable, so it's important to do thorough research and consider multiple factors before investing. 📈💰 Let me know if you have any other questions!#btc #Price #Trendingcoins #BNB $BTC $BTC
Market on Edge: CPI Release LoomsThe financial world is on edge as we await the release of the CPI for last month. Today's CPI release could determine market direction for the year ahead. Will the FED be forced to raise interest rates by 25 or 50 basis points? Or will they maintain a dovish stance on rates? The stakes are high, and the outcome of this release will impact not only the FED's decision but also the financial market's direction. Will investors be left in a state of panic, or will they breathe a sigh of relief? But that's not all. The FED's recent bailout of banks during a crisis over the weekend might keep their hands tied in raising the rates, further complicating the situation. As we await the release of the CPI, we can't help but wonder, what will happen next? Will this release be a game-changer for the market, or will it be just another day in the financial world? Stay tuned to find out. #FED #CPIdata #Marketupdate #Price #economy

Market on Edge: CPI Release Looms

The financial world is on edge as we await the release of the CPI for last month. Today's CPI release could determine market direction for the year ahead. Will the FED be forced to raise interest rates by 25 or 50 basis points? Or will they maintain a dovish stance on rates? The stakes are high, and the outcome of this release will impact not only the FED's decision but also the financial market's direction. Will investors be left in a state of panic, or will they breathe a sigh of relief? But that's not all. The FED's recent bailout of banks during a crisis over the weekend might keep their hands tied in raising the rates, further complicating the situation. As we await the release of the CPI, we can't help but wonder, what will happen next? Will this release be a game-changer for the market, or will it be just another day in the financial world? Stay tuned to find out.

#FED #CPIdata #Marketupdate #Price #economy

Could Terra Classic (LUNC) Price Hit $1? Crypto Expert Weighs InIn recent weeks, Terra Classic (LUNC) has been on an upswing, basking in the green zone with a notable seven-day price surge of 13%. The altcoin has witnessed a remarkable 323.66% surge in the past 24 hours, propelling its value to $0.00006508. This represents an 8% gain in the midst of a generally passive cryptocurrency market. Nevertheless, the altcoin faces consistent selling pressure, as indicated by its Relative Strength Index (RSI), which has remained below 40 since mid-July. Despite swings, experts and analysts are bearish on LUNC. Why the negative outlook? Let’s explore. $120 Is a Distant Dream The recent downturn in Bitcoin, dropping from $27,500, has exerted selling pressure on Terra Classic coin. This, in turn, has created an opportunity for Rex “Rexyz” Harrison, who has raised important concerns about the potential of LUNC. Harrison casts doubts on the likelihood of LUNC reaching its ambitious target of $120, an all-time high for the token. He believes that achieving a $1 price would require substantial community efforts, with the chances of LUNC hitting $120 appearing exceedingly low. Supporting Harrison’s claims, on-chain data reveals a surge in short-liquidations for LUNC, recently surpassing $20,000. Additionally, LUNC’s Open Interest has risen by $1 million, signaling increased trading activity. However, with the long-short ratio dwindling to 0.67, a bearish correction seems likely. Read More: Why are Terra (LUNA) and Terra Classic ( LUNC) Prices Surging Today? Conditions for the $1 Price Point Harrison outlines specific conditions for the community to reach the coveted $1 price for LUNC. He argues that 99.9% of LUNC’s circulating supply, which currently stands at 5.8 trillion, must be eliminated through burning or staking. This creates uncertainty about LUNC’s journey to $1, given Terra Classic’s current market capitalization of $374.12 million. Harrison acknowledges that achieving a 90% reduction in circulation might be feasible through a combination of staking and burning, but this would still leave 690 billion LUNC tokens in circulation. The analyst believes that strong community support is essential to break through these resistance levels. Does LUNC Need a Swap System?  Furthermore, Harrison suggests that such an effort could potentially secure LUNC a $0.01 price, representing a staggering 15,269.87% growth from the current price. However, he notes that despite ongoing efforts, burning USTC tokens has made minimal progress in reducing the supply overhang. Additionally, burning LUNC itself has not significantly impacted the price. All hope is not lost.. #Terra #Classic #LUNC #Price #Hit  

Could Terra Classic (LUNC) Price Hit $1? Crypto Expert Weighs In

In recent weeks, Terra Classic (LUNC) has been on an upswing, basking in the green zone with a notable seven-day price surge of 13%. The altcoin has witnessed a remarkable 323.66% surge in the past 24 hours, propelling its value to $0.00006508. This represents an 8% gain in the midst of a generally passive cryptocurrency market. Nevertheless, the altcoin faces consistent selling pressure, as indicated by its Relative Strength Index (RSI), which has remained below 40 since mid-July.
Despite swings, experts and analysts are bearish on LUNC. Why the negative outlook? Let’s explore.
$120 Is a Distant Dream
The recent downturn in Bitcoin, dropping from $27,500, has exerted selling pressure on Terra Classic coin. This, in turn, has created an opportunity for Rex “Rexyz” Harrison, who has raised important concerns about the potential of LUNC. Harrison casts doubts on the likelihood of LUNC reaching its ambitious target of $120, an all-time high for the token. He believes that achieving a $1 price would require substantial community efforts, with the chances of LUNC hitting $120 appearing exceedingly low.

Supporting Harrison’s claims, on-chain data reveals a surge in short-liquidations for LUNC, recently surpassing $20,000. Additionally, LUNC’s Open Interest has risen by $1 million, signaling increased trading activity. However, with the long-short ratio dwindling to 0.67, a bearish correction seems likely.
Read More: Why are Terra (LUNA) and Terra Classic ( LUNC) Prices Surging Today?
Conditions for the $1 Price Point
Harrison outlines specific conditions for the community to reach the coveted $1 price for LUNC. He argues that 99.9% of LUNC’s circulating supply, which currently stands at 5.8 trillion, must be eliminated through burning or staking. This creates uncertainty about LUNC’s journey to $1, given Terra Classic’s current market capitalization of $374.12 million.
Harrison acknowledges that achieving a 90% reduction in circulation might be feasible through a combination of staking and burning, but this would still leave 690 billion LUNC tokens in circulation. The analyst believes that strong community support is essential to break through these resistance levels.
Does LUNC Need a Swap System? 
Furthermore, Harrison suggests that such an effort could potentially secure LUNC a $0.01 price, representing a staggering 15,269.87% growth from the current price. However, he notes that despite ongoing efforts, burning USTC tokens has made minimal progress in reducing the supply overhang. Additionally, burning LUNC itself has not significantly impacted the price.
All hope is not lost..
#Terra #Classic #LUNC #Price #Hit  
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