๐จ Terraโs Bankruptcy Hearing Confirmed for September 19th! ๐จ
The crypto world is on high alert as Terraform Labs (TFL) gears up for a pivotal Chapter 11 bankruptcy hearing next month. Mark your calendarsโ**September 19th at 10:00 AM ET**โas this could be a game-changer for LUNA and LUNC!
๐ฅ **Major Moves Incoming:** Terra plans to burn a significant amount of LUNA tokens from TFL and LFG wallets. With the Shuttle bridge reopening, wrapped assets will be redeemable for 30 days before the unclaimed tokens are burned forever.
๐ฅ **Price Action Alert:** LUNA is already showing signs of life, with a 2% spike following the announcement. As investors scramble to withdraw and stake their tokens, trading volume has surged 17%. Will LUNA and LUNC skyrocket after the burn? The stakes couldnโt be higher!
๐ณ๏ธ **VOTE US** โ Donโt miss your chance to have a say in this historic moment. Todayโs the deadline to file your Preliminary Crypto Loss Proof of Claim forms.
**Buckle up, because the next few weeks could be a wild ride for the Terra ecosystem!
How to Read the MACD Indicator and Use It in Your Trading?
The MACD (Moving Average Convergence Divergence) indicator is a popular technical analysis tool used by traders to identify potential buy and sell signals in the market. It consists of two lines, the MACD line and the signal line, as well as a histogram.
To read the MACD indicator, you need to understand the relationship between these lines and how they interact with each other. โ Here's a step-by-step guide on how to read and use the MACD indicator in your trading:
1. Understanding the MACD Line: - The MACD line is the faster line and is calculated by subtracting the 26-day Exponential Moving Average (EMA) from the 12-day EMA. - When the MACD line moves above the zero line, it indicates bullish momentum. - Conversely, when the MACD line moves below the zero line, it indicates bearish momentum.
2. Understanding the Signal Line: - The signal line is a 9-day EMA of the MACD line. - When the MACD line crosses above the signal line, it generates a bullish signal. - On the other hand, when the MACD line crosses below the signal line, it generates a bearish signal.
3. Analyzing the Histogram: - The histogram represents the difference between the MACD line and the signal line. - When the histogram bars are positive, it indicates bullish momentum is strengthening. - Conversely, when the histogram bars are negative, it indicates bearish momentum is strengthening. - The height of the bars also represents the strength of the momentum.
๐ฌUsing the MACD Indicator in Your Trading: - Bullish Signal: Look for buying opportunities when the MACD line crosses above the signal line and the histogram bars turn positive.
- Bearish Signal: Look for selling opportunities when the MACD line crosses below the signal line and the histogram bars turn negative.
- Divergence: Pay attention to divergences between the MACD indicator and the price action. For example, if the price is making higher highs while the MACD is making lower highs, it could indicate a potential trend reversal.
I keep seeing this Same LUNC PRICE PREDICTION IN 2024.
LIVE
Remotecrypto
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Bullish
Top 5 Reasons Why LUNC Price Could Reach $1 in 2024
Terra Luna Classic (LUNC) has captured the attention of many investors, sparking discussions about its potential to reach $1 in 2024. While this is an ambitious target, there are several factors that could contribute to its price growth:
1. Massive Community Support: LUNC boasts a passionate and dedicated community, actively participating in its development and advocating for its adoption. This strong community backing can fuel positive sentiment and drive demand.
2. Continuous Burns and Deflation: The ongoing LUNC burn mechanisms aim to significantly reduce the circulating supply, potentially leading to scarcity and price appreciation. The token's deflationary nature could be a major driver in the long run.
3. Growing Development Activity: The Terra Classic ecosystem is witnessing continuous development activity with new projects, dApps, and integrations emerging. This expanding ecosystem could attract more users and boost LUNC's utility.
4. Potential Repeg of USTC: If the Terra Classic community successfully repegs the algorithmic stablecoin USTC to $1, it could have a positive spillover effect on LUNC's price due to their interconnectedness.
5. Broader Crypto Market Recovery: A bullish overall crypto market sentiment, particularly driven by Bitcoin's potential halving in 2024, could lift the tide for all tokens, including LUNC.
However, it's crucial to remember:
Reaching $1 in 2024 represents a massive increase (over 600,000%) from its current price.
The crypto market is inherently volatile, and unforeseen events can significantly impact prices.
These are just potential reasons, not guarantees. Always do your own research before making any investment decisions.
Ultimately, whether LUNC reaches $1 in 2024 remains to be seen. It's important to approach any predictions with caution and consider all the associated risks involved in cryptocurrency investments.
#Hereโs How Much Your $100 Investment in Terra Classic Will Be Worth If LUNC Reaches $1
Letโs assume that it hits $1 in the coming years. With the backing of such a huge community, this assumption is not misplaced. As we saw earlier with Bitcoin, if a large number of people back something, its value will undoubtedly rise.
So, the question is how much money you would make if you invested X amount in LUNC today. Letโs say you invest a modest $100 in LUNC.
According to todayโs price, which is $0.0001106, you will have 602409.63 LUNC coins. And if Terra Classic hits $1 in the next few years,ย your $100 will become $602,409, simply making you rich as hell.
Yes, there is risk attached to it, and you might lose this $100 if things go sideways, but the upside is to die for. You can virtually make approximatelyย 6024X return on your investment (ROI).
Similarly, if you buy $1000 worth of LUNC coins today, you will have around 6,024,096 coins. You can potentially make $6,024,096 if LUNC reaches the $1 mark
Ripple's ETF Plans: Ripple is reportedly seeking a Senior Manager of Business Development in New York, with a focus on promoting ETF plans related to cryptocurrency, specifically implying the preparation for an XRP ETF. If a futures XRP ETF can be launched, it could be an important step towards a spot XRP ETF.
Significant developments in today's cryptocurrency market:
๐Grayscale's GBTC: According to the news, Grayscale has sold 52,639 BTC, equivalent to approximately $2.8 billion, after the conversion to a Bitcoin spot ETF. The outflow of funds from GBTC has been substantial, with daily outflows ranging from $95.1 million to $590 million. This indicates that investors who purchased GBTC at a discount in anticipation of the ETF conversion are now taking profits. The narrowing GBTC premium suggests a potential further capital outflow of $5 billion to $10 billion.
๐Bitcoin Spot ETF Trading: The Bitcoin spot ETF has seen significant trading volume, with three of the top 20 ETFs related to BTC, including GBTC, BITO (futures ETF), and IBIT. Excluding GBTC, the other nine spot ETFs have purchased 79,618 BTC within the approved six days. The daily average trading volume of the nine Bitcoin spot ETFs is $120 million, putting them in the top 1% of all ETFs. This indicates strong demand for Bitcoin ETFs.
โป๏ธ Capital Outflow from GBTC: On the 6th trading day of Bitcoin spot ETF trading, GBTC experienced a capital outflow of $590 million, bringing the total outflow to $2.8 billion. However, other ETFs like Bitwise, VanEck, and WisdomTree have seen net inflows, indicating varied investor sentiment.
๐นGrayscale's conversion of GBTC to a Bitcoin spot ETF has resulted in significant selling pressure, with approximately $2.8 billion worth of BTC sold. The daily outflows from GBTC have been substantial, potentially driven by investors taking profits after the conversion. The narrowing GBTC premium indicates reduced demand for the trust.
๐บThe high trading volume and inflows in Bitcoin spot ETFs, excluding GBTC, indicate strong investor interest in these products. The average daily trading volume of $120 million puts these ETFs in the top 1% of all ETFs, highlighting their popularity. The inflows into Bitwise, VanEck, and WisdomTree suggest positive sentiment and potential confidence in these ETFs.
๐ธThe CFTC charging Debiex with misappropriation of funds and involvement in a romance scam raises concerns about the security and integrity of the exchange. This news may negatively impact investor trust and confidence in the broader crypto market.
๐นConsidering these developments, it is important to monitor the market closely. The ongoing liquidation processes and selling pressure from GBTC conversions may lead to short-term price volatility. However, the strong interest in Bitcoin spot ETFs, excluding GBTC, indicates continued investor demand. The impact of the Debiex charges on the market may depend on the extent of investor sentiment and perception of regulatory oversight.
Please note that this analysis is based on the available information and market conditions at the time of writing. It is essential to conduct further research and analysis to make informed investment decisions. #TrendingTopic #GBTC #BTC #ETF
ANALYSIS ๐ง REPORT: ๐ธThe transfer of assets by institutions undergoing bankruptcy liquidation processes suggests ongoing efforts to manage their financial situation. This may indicate a need for liquidity or a strategic reallocation of assets.
Based on the news in today's cryptocurrency market, there are several significant developments:
1. The transfer of assets by institutions undergoing bankruptcy liquidation processes: - Celsius transferred 34.08 million MATIC to Binance. - FTX/Alameda transferred 207 WBTC and 1,150 ETH to Wintermute, and 135 WBTC to Binance.
2. Grayscale's conversion of GBTC to a Bitcoin spot ETF: - Grayscale has sold 52,639 BTC, worth approximately $2.8 billion, after the conversion. - The daily outflow of funds from GBTC ranged from $95.1 million to $590 million. - The GBTC premium has narrowed to 0.3%.
3. High trading volume and inflows in Bitcoin spot ETFs: - Nine Bitcoin spot ETFs, excluding GBTC, have purchased 79,618 BTC within the approved six days. - The average daily trading volume of these ETFs is $120 million, ranking in the top 1% of all ETFs. - Bitwise had a net inflow of $56 million, Franklin had no inflow, VanEck had a net inflow of $14.2 million, and WisdomTree had an inflow of $2.9 million.
4. CFTC charging crypto exchange Debiex: - Debiex is accused of being involved in a romance scam resulting in $2.3 million in losses.
Based on the provided data, let's conduct a one-month analysis of LUNA classic's (LUNC) price movements and use technical indicators and news sentiment to determine the reasons behind the trends.
1๏ธโฃPrice Movements: - The start time of the analysis is 2023-12-21, and the end time is 2024-01-20. - The open price on 2023-12-21 was $0.00015646, and the close price on 2024-01-20 was $0.0001108, indicating a price decrease of 29.18% during this period. - The 24-hour price change was -2.01%, and the 7-day price change was -6.58%. - The current price is $0.0001108, and the trading volume today is $342,299.78.
2๏ธโฃTechnical Indicator Patterns:
- KDJ Indicator: On 2023-12-22, a Golden Cross pattern was observed, and the price increased by 5.51%.
- BOLL Indicator: On 2024-01-03, the price touched the Upper Band, resulting in a price decrease of -15.95%.
- RSI Indicator: On 2024-01-03, an Oversold pattern was identified, and the price decreased by -15.95%.
- MACD Indicator: On 2024-01-16, a Golden Cross pattern occurred, leading to a price increase of 1.92%.
- BOLL Indicator: On 2024-01-18 and 2024-01-19, the price touched the Upper Band, resulting in price decreases of -9.09% and -3.4%, respectively.
- MACD Indicator: On 2024-01-19, a Death Cross pattern was observed, and the price decreased by -3.4%.
3๏ธโฃCurrent Technical Indicator Patterns: - Within the past 7 days, no specific patterns were identified for MACD, RSI, BOLL, and KDJ indicators.
- Within the past 30 days, no specific patterns were identified for MACD, RSI, BOLL, and KDJ indicators.
4๏ธโฃMarket Sentiment: - The Market Sentiment Index is currently at 51, indicating a neutral sentiment.
5๏ธโฃNews Analysis: - On 2024-01-11, news was released regarding the SEC's approval of 11 Bitcoin ETFs. However, instead of Bitcoin, Ethereum has gained attention due to positive expectations of a spot ETF and the Cancun upgrade. Ethereum and its ecosystem tokens have become favorites for speculative funds.
๐ Terra Classic (LUNC) & USTC Recovery Campaign ๐
Dear Terra Explorers, buckle up for an interstellar journey! ๐
๐ฅ Terra Classic (LUNC): Launching to New Heights! Get ready for liftoff as LUNC aims for the stars! ๐ This classic gem is set to redefine the Terra landscape. Are you ready to witness the rebirth of greatness? ๐
๐ USTC Recovery Campaign: Bouncing Back Stronger! Hold on tight as USTC gears up for a stellar recovery! ๐ช๐ฝ After a brief dip, USTC is on the rebound, and this recovery campaign promises epic comebacks! ๐
๐๐ผ What to Expect: - ๐ LUNC Launch Updates - ๐ผ USTC Recovery Roadmap - ๐ Exclusive Airdrops & Bonuses
Don't miss out on the cosmic action! ๐ Join the Terra Classic & USTC Recovery Campaign NOW! ๐๐ซ