PriceTrends
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📊 XRP Price Analysis and the Most Accurate Forecast
📈 The price of XRP sharply rose following a court decision announced in July but was later revoked. Since August, it has not seen significant price fluctuations and has continued to trade in a narrow range. While the entire cryptocurrency market experienced incredible growth, XRP's price movement became even more neutral. Will XRP's volatility resume, or will the upcoming year resemble the second half of this year?
📉 Technical analysis on the weekly chart (below) shows that XRP is rising along the ascending trend line support since May 2022. This line has been visited several times, most recently in March 2023 (green symbol). During this period, XRP continued its ascent along the second, steeper ascending support line.
📈 Although the XRP price reached the highest level of the year in July (red symbol), it has not approached that region since. At the time of writing, the price continues to trade above a significant horizontal support area.
📉 On the other hand, examining the altcoin's RSI, you can notice that the value dropped into the negative zone after the recent price decline and was calculated at a level of 40.69. Negative sentiments in the market are also reflected in the indicator.
🔮 What Awaits XRP in the Future?
📉 Technical analysis on the daily timeframe may not determine a clear direction for future trends. This can be explained by both price movement and RSI. The neutral nature of price movement can provoke a sharp breakthrough and lead to an unpredictable direction.
🗣️ Crypto trader Dom stated in his statement that the XRP price will break out of its symmetrical structure and tweeted the following:
"I really can't envision a scenario where this breaks down... I can only imagine an explosive breakout. XRP is not a security and has managed to stay in the top 8 cryptocurrencies for 9 years, even without reaching a new peak last time!"
🔝 Top 3 Exchanges to Buy XRP:
On Binance
On WhiteBIT
On Coinbase
#Cryptocurrrency #PriceTrends #xrp
📈 The price of XRP sharply rose following a court decision announced in July but was later revoked. Since August, it has not seen significant price fluctuations and has continued to trade in a narrow range. While the entire cryptocurrency market experienced incredible growth, XRP's price movement became even more neutral. Will XRP's volatility resume, or will the upcoming year resemble the second half of this year?
📉 Technical analysis on the weekly chart (below) shows that XRP is rising along the ascending trend line support since May 2022. This line has been visited several times, most recently in March 2023 (green symbol). During this period, XRP continued its ascent along the second, steeper ascending support line.
📈 Although the XRP price reached the highest level of the year in July (red symbol), it has not approached that region since. At the time of writing, the price continues to trade above a significant horizontal support area.
📉 On the other hand, examining the altcoin's RSI, you can notice that the value dropped into the negative zone after the recent price decline and was calculated at a level of 40.69. Negative sentiments in the market are also reflected in the indicator.
🔮 What Awaits XRP in the Future?
📉 Technical analysis on the daily timeframe may not determine a clear direction for future trends. This can be explained by both price movement and RSI. The neutral nature of price movement can provoke a sharp breakthrough and lead to an unpredictable direction.
🗣️ Crypto trader Dom stated in his statement that the XRP price will break out of its symmetrical structure and tweeted the following:
"I really can't envision a scenario where this breaks down... I can only imagine an explosive breakout. XRP is not a security and has managed to stay in the top 8 cryptocurrencies for 9 years, even without reaching a new peak last time!"
🔝 Top 3 Exchanges to Buy XRP:
On Binance
On WhiteBIT
On Coinbase
#Cryptocurrrency #PriceTrends #xrp
🚀 Key Highlights to Watch for Shiba Inu (SHIB) This Week! 🐕🔍
As Shiba Inu (SHIB) kicks off the week with a positive momentum, there are several influential factors to keep an eye on that could impact its performance:
1. **Trading Volume and Whale Activity:**
The pace at which Shiba Inu is embraced by the free market is crucial. Increased trading volume and whale activity not only boost liquidity but also foster a robust market environment. The trading volume has surged by 71% in the past 24 hours, reaching $193,840,004.
2. **Shiba Inu’s Burn Rate:**
The burn rate has been a consistent factor affecting SHIB's price dynamics. Currently, it's relatively low, with approximately 1.3 million SHIB tokens burned. An increase in this metric could have a significant impact.
3. **Shibarium Total Value Locked (TVL):**
Keep an eye on the total value locked in the Shibarium network. An increase in TVL can signal growing interest and participation in Shiba Inu's DeFi platform.
**Shibarium's Performance:**
The seamless operation of Shibarium, potential new decentralized applications, and security concerns are also important factors. Successful management of Shibarium can instill trust and confidence among users and investors, potentially shaping the week ahead and beyond.
These factors, alongside Shiba Inu's divergence from Bitcoin's performance, will be essential to monitor in the near term. 📈👀 #ShibaInu #SHIB #CryptoMarket #PriceTrends #DeFi 🌟🚀$SHIB
As Shiba Inu (SHIB) kicks off the week with a positive momentum, there are several influential factors to keep an eye on that could impact its performance:
1. **Trading Volume and Whale Activity:**
The pace at which Shiba Inu is embraced by the free market is crucial. Increased trading volume and whale activity not only boost liquidity but also foster a robust market environment. The trading volume has surged by 71% in the past 24 hours, reaching $193,840,004.
2. **Shiba Inu’s Burn Rate:**
The burn rate has been a consistent factor affecting SHIB's price dynamics. Currently, it's relatively low, with approximately 1.3 million SHIB tokens burned. An increase in this metric could have a significant impact.
3. **Shibarium Total Value Locked (TVL):**
Keep an eye on the total value locked in the Shibarium network. An increase in TVL can signal growing interest and participation in Shiba Inu's DeFi platform.
**Shibarium's Performance:**
The seamless operation of Shibarium, potential new decentralized applications, and security concerns are also important factors. Successful management of Shibarium can instill trust and confidence among users and investors, potentially shaping the week ahead and beyond.
These factors, alongside Shiba Inu's divergence from Bitcoin's performance, will be essential to monitor in the near term. 📈👀 #ShibaInu #SHIB #CryptoMarket #PriceTrends #DeFi 🌟🚀$SHIB
📈 Time for random numbers :)
⭕️Last year’s Bitcoin price forecast in 2030 from Ark Invest
Bearish, Baseline and Bullish Forecasts
#BitcoinMarketCap #PriceTrends #PriceForecast
⭕️Last year’s Bitcoin price forecast in 2030 from Ark Invest
Bearish, Baseline and Bullish Forecasts
#BitcoinMarketCap #PriceTrends #PriceForecast
Crypto Price Today: BTC Breaches $46,700 Mark First Time in 2024, ETF Excitement Adds Profits to Most Altcoins
#BTC #PriceTrends #BTCPrice
#BTC #PriceTrends #BTCPrice
"A Complete Guide to Volume Price Analysis."
In scalp trading or swing trading, analyzing volume is crucial. While many traders rely on various indicators to grasp trends, some fail to understand the trend's strength. Simply following indicators may not reveal the actual strength of the predicted trend.
For trading success, consider studying volume price action analysis. Understanding how volume works can be key to making informed decisions. I recommend reading "A Complete Guide to Volume Price Analysis" by Anna Coulling.It's an engaging resource that can enhance your trading skills, especially if you want to comprehend the dynamics of volume in the market.
"Note: If you find my post helpful, please follow my Binance feed for more updates and consider giving it a like."🚀✨✨
Not financial advice dyor before investing in any projects.✨
#Btc #Volume #PriceTrends
In scalp trading or swing trading, analyzing volume is crucial. While many traders rely on various indicators to grasp trends, some fail to understand the trend's strength. Simply following indicators may not reveal the actual strength of the predicted trend.
For trading success, consider studying volume price action analysis. Understanding how volume works can be key to making informed decisions. I recommend reading "A Complete Guide to Volume Price Analysis" by Anna Coulling.It's an engaging resource that can enhance your trading skills, especially if you want to comprehend the dynamics of volume in the market.
"Note: If you find my post helpful, please follow my Binance feed for more updates and consider giving it a like."🚀✨✨
Not financial advice dyor before investing in any projects.✨
#Btc #Volume #PriceTrends
🎊Binance P2P trade tricks, tips and techniques 🎊
so I was trading on the binance P2P then I noticed that after a successful transaction it came up on my dashboard that I can set recurring prices and can be synchronised to Google's calendar.
then I decided to give it a try so I navigated back to the P2P and clicked on the alert icon at the right top which took me to set both price alerts and also #recurring #PriceTrends
so many token and stable coin can be added $BTC $ETH $BNB #fomc #SATS #INJ
you can give it a try just watch my image closely for directions
so I was trading on the binance P2P then I noticed that after a successful transaction it came up on my dashboard that I can set recurring prices and can be synchronised to Google's calendar.
then I decided to give it a try so I navigated back to the P2P and clicked on the alert icon at the right top which took me to set both price alerts and also #recurring #PriceTrends
so many token and stable coin can be added $BTC $ETH $BNB #fomc #SATS #INJ
you can give it a try just watch my image closely for directions
Crypto Price Today: BTC, ETH Maintains Profits, Fake News About ETF Approvals Rattles Overall Market
#BTC #PriceTrends #BTCPrice $BTC
#BTC #PriceTrends #BTCPrice $BTC
🧐
The price of Solana $SOL has experienced a positive deviation from its competitors, rising by 1.88% in the last 24 hours.
👉 https://2if.net/sol
#SOLPriceAnalysis #PriceTrends #SolanaTrade #sol #Cryptocurrrency $SOL
The price of Solana $SOL has experienced a positive deviation from its competitors, rising by 1.88% in the last 24 hours.
👉 https://2if.net/sol
#SOLPriceAnalysis #PriceTrends #SolanaTrade #sol #Cryptocurrrency $SOL
"How To Interpret The Price Volume Trend."
The Price Volume Trend may be helpful in seeing divergences; examples of these divergences are shown below in the chart of AT&T (T):
"Note: If you find my post helpful, please follow my Binance feed for more updates and consider giving it a like."🚀✨✨
Note :Not financial advice dyor before investing in any projects .😊
#PriceTrends
The Price Volume Trend may be helpful in seeing divergences; examples of these divergences are shown below in the chart of AT&T (T):
"Note: If you find my post helpful, please follow my Binance feed for more updates and consider giving it a like."🚀✨✨
Note :Not financial advice dyor before investing in any projects .😊
#PriceTrends
WHAT WILL HAPPEN?
From the rise in the middle of the month to now! And some say it will stick to 40k-47k in the next few days.
A rise or falling! What do you think will happen till the end of the month?
#Write2Earn #BTC #PriceTrends #TrendingTopic
From the rise in the middle of the month to now! And some say it will stick to 40k-47k in the next few days.
A rise or falling! What do you think will happen till the end of the month?
#Write2Earn #BTC #PriceTrends #TrendingTopic
🥞 The Reason PancakeSwap (CAKE) Exploded 100% in Two Weeks
📈 CAKE from PancakeSwap is one of the most popular tokens in the crypto community, as its price has surged by over 92% in the last seven days, making it one of the fastest-growing tokens in the market.
📉 In the early months of 2023, $CAKE stocks plummeted and remained unchanged until the end of the year. On October 31st, CAKE began to rise, surpassing the $2.45 mark, a price unseen since May.
🔄 Recently, PancakeSwap announced the release of Position Manager, a collaborative integration between DEX and other protocol partners. The collaboration aims to enhance capital deployment efficiency through liquidity provisioning automation, allowing users to reap higher yields compared to manual farming.
💰 The "Position Manager" feature supports several coins and stablecoins, including $USDT , , , and . To incentivize its usage, PancakeSwap increased the CAKE rewards for the first four weeks, leading to further token value growth.
📊 According to Coingecko data, DEX platforms registered new monthly lows every month starting from May, reaching levels not seen since 2020. However, in October, we witnessed a surge in trading volumes, with the TVL of most protocols turning green.
📈 We've seen volumes decline every month, primarily due to the lack of incentives and new features on DEX (and DeFi in general). Nevertheless, DeFi users are always seeking higher yields, and one of the primary sectors that has been delivering yields above 10% is RWA, with some RWA-based protocols offering 10% APY, while the median DeFi APY barely reaches 3%.
📈 CAKE from PancakeSwap is one of the most popular tokens in the crypto community, as its price has surged by over 92% in the last seven days, making it one of the fastest-growing tokens in the market.
📉 In the early months of 2023, $CAKE stocks plummeted and remained unchanged until the end of the year. On October 31st, CAKE began to rise, surpassing the $2.45 mark, a price unseen since May.
🔄 Recently, PancakeSwap announced the release of Position Manager, a collaborative integration between DEX and other protocol partners. The collaboration aims to enhance capital deployment efficiency through liquidity provisioning automation, allowing users to reap higher yields compared to manual farming.
💰 The "Position Manager" feature supports several coins and stablecoins, including $USDT , , , and . To incentivize its usage, PancakeSwap increased the CAKE rewards for the first four weeks, leading to further token value growth.
📊 According to Coingecko data, DEX platforms registered new monthly lows every month starting from May, reaching levels not seen since 2020. However, in October, we witnessed a surge in trading volumes, with the TVL of most protocols turning green.
📈 We've seen volumes decline every month, primarily due to the lack of incentives and new features on DEX (and DeFi in general). Nevertheless, DeFi users are always seeking higher yields, and one of the primary sectors that has been delivering yields above 10% is RWA, with some RWA-based protocols offering 10% APY, while the median DeFi APY barely reaches 3%.
📈 Solana (SOL) and Dogecoin (DOGE) Prices Green: What Does It Tell Us About the Crypto Market?
💹 The cryptocurrency market is currently in a state of suspension after Bitcoin failed to hold above the $38,000 level. However, Solana (SOL) and Dogecoin (DOGE) are showing signs of stability.
💰 SOL price has risen by 1.2%. Dogecoin, the meme-inspired cryptocurrency, has also demonstrated modest growth of 0.3%. These successes come against the backdrop of other major cryptocurrencies being in the red, with Cardano (ADA) and Polkadot (DOT) lagging behind.
🪙 Solana's Dominance in the NFT Sector: Solana's sharp rise can be attributed to the success of the MadLads NFT collection, which has once again topped the charts in terms of 24-hour NFT sales volume. This achievement highlights Solana's growing dominance in the NFT space, where Ethereum used to rule. As noted by Solana's founder Anatoly Yakovenko, there is now only one Ethereum project in the top five leaders.
🌕 Dogecoin's Lunar Mission: As for Dogecoin, the DOGE-1 mission to the Moon has received approval from the National Telecommunications and Information Administration (NTIA). This approval is not only symbolic for Dogecoin enthusiasts but also marks a significant step towards obtaining the final license from the Federal Communications Commission (FCC).
🚀 The leading meme coin, which has seen its value rise by 7.5% in the last 24 hours, is now attracting widespread attention due to the growing social media frenzy. 🌕🪙📈💹
#Solana📈🚀🌐 #Doge🦊 #PriceTrends
💹 The cryptocurrency market is currently in a state of suspension after Bitcoin failed to hold above the $38,000 level. However, Solana (SOL) and Dogecoin (DOGE) are showing signs of stability.
💰 SOL price has risen by 1.2%. Dogecoin, the meme-inspired cryptocurrency, has also demonstrated modest growth of 0.3%. These successes come against the backdrop of other major cryptocurrencies being in the red, with Cardano (ADA) and Polkadot (DOT) lagging behind.
🪙 Solana's Dominance in the NFT Sector: Solana's sharp rise can be attributed to the success of the MadLads NFT collection, which has once again topped the charts in terms of 24-hour NFT sales volume. This achievement highlights Solana's growing dominance in the NFT space, where Ethereum used to rule. As noted by Solana's founder Anatoly Yakovenko, there is now only one Ethereum project in the top five leaders.
🌕 Dogecoin's Lunar Mission: As for Dogecoin, the DOGE-1 mission to the Moon has received approval from the National Telecommunications and Information Administration (NTIA). This approval is not only symbolic for Dogecoin enthusiasts but also marks a significant step towards obtaining the final license from the Federal Communications Commission (FCC).
🚀 The leading meme coin, which has seen its value rise by 7.5% in the last 24 hours, is now attracting widespread attention due to the growing social media frenzy. 🌕🪙📈💹
#Solana📈🚀🌐 #Doge🦊 #PriceTrends
📈 Ethereum Price Trends and Critical Resistance Levels
Recent developments in the Ethereum market have stirred concern among investors. Ethereum's price struggled to breach the critical resistance levels at $3,250 and $3,280, subsequently falling below key support at $3,200 and the 100-hour Simple Moving Average.
📉 Approaching Critical Support
ETH/USD's hourly chart indicates a significant break below the $3,190 support, signaling strength in bearish sentiment. If the price continues below the $3,100 support, further downward movement could ensue, heightening concerns among traders.
📉 ETH in a Downtrend
Ethereum has entered a short-term downtrend after failing to surpass key resistance levels. The breach of the $3,190 trend line on the four-hour chart underscores this shift. ETH is currently consolidating losses around $3,150, with support testing at $3,100.
📈 Critical Resistance Levels
Immediate resistance sits at $3,180, just below the 100-hour Simple Moving Average. Major resistance levels are at $3,200, $3,220, and $3,250. A breakthrough above $3,250 could propel Ethereum toward $3,280 and potentially the $3,500 zone.
📉 Potential Declines for ETH
The failure to surpass $3,200 poses a risk of further downside momentum. Initial support is at $3,120, followed by critical levels at $3,100 and $3,030. If these supports break, Ethereum might experience increased selling pressure, potentially declining to $2,850 or lower in the near term.
#EthereumFuture #PriceTrends #BullorBear #Priceanalysis
Recent developments in the Ethereum market have stirred concern among investors. Ethereum's price struggled to breach the critical resistance levels at $3,250 and $3,280, subsequently falling below key support at $3,200 and the 100-hour Simple Moving Average.
📉 Approaching Critical Support
ETH/USD's hourly chart indicates a significant break below the $3,190 support, signaling strength in bearish sentiment. If the price continues below the $3,100 support, further downward movement could ensue, heightening concerns among traders.
📉 ETH in a Downtrend
Ethereum has entered a short-term downtrend after failing to surpass key resistance levels. The breach of the $3,190 trend line on the four-hour chart underscores this shift. ETH is currently consolidating losses around $3,150, with support testing at $3,100.
📈 Critical Resistance Levels
Immediate resistance sits at $3,180, just below the 100-hour Simple Moving Average. Major resistance levels are at $3,200, $3,220, and $3,250. A breakthrough above $3,250 could propel Ethereum toward $3,280 and potentially the $3,500 zone.
📉 Potential Declines for ETH
The failure to surpass $3,200 poses a risk of further downside momentum. Initial support is at $3,120, followed by critical levels at $3,100 and $3,030. If these supports break, Ethereum might experience increased selling pressure, potentially declining to $2,850 or lower in the near term.
#EthereumFuture #PriceTrends #BullorBear #Priceanalysis
#Cardano Analysis for December 21
📈 Although $ADA experienced a 78% increase in December 2023, its growth has somewhat plateaued. The asset has been trading sideways for the past two weeks, hovering between a support zone of $0.52–$0.56 and a resistance range of $0.64–$0.68
With #Bitcoin 's bullish trend, #ADA's continued rise seems likely. A key resistance level at $0.62 stands in its way, but surpassing this could lead to a potential surge towards $0.7.
Conversely, $ADA could face a deeper correction if Bitcoin’s chart reflects a downturn. In such a scenario, Cardano might retest its existing support zone and possibly probe the psychological level of $0.5.
#ADA #priceprediction #PriceMovement #PriceTrends
📈 Although $ADA experienced a 78% increase in December 2023, its growth has somewhat plateaued. The asset has been trading sideways for the past two weeks, hovering between a support zone of $0.52–$0.56 and a resistance range of $0.64–$0.68
With #Bitcoin 's bullish trend, #ADA's continued rise seems likely. A key resistance level at $0.62 stands in its way, but surpassing this could lead to a potential surge towards $0.7.
Conversely, $ADA could face a deeper correction if Bitcoin’s chart reflects a downturn. In such a scenario, Cardano might retest its existing support zone and possibly probe the psychological level of $0.5.
#ADA #priceprediction #PriceMovement #PriceTrends
Illuvium is Predicted to Drop to $ 85.81 By Dec 08, 2023
▪︎Illuvium is down -4.37% today against the US Dollar
▪︎ILV/BTC decreased by -4.91% today
▪︎ILV/ETH decreased by -4.99% today
▪︎Illuvium is currently trading 28.60% above our prediction on Dec 08, 2023
▪︎Illuvium gained 106.00% in the last month and is up 157.00% since 1 year ago
Illuvium ILV, 1.19% is trading at $ 110.35 after losing -4.37% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.29% in the same time period. ILV performed poorly against BTC today and recorded a -4.91% loss against the world’s largest cryptocurrency.
According to our Illuvium price prediction, ILV is expected to reach a price of $ 85.81 by Dec 08, 2023. This would represent a -22.97% price decrease for ILV in the next 5 days.
Illuvium has been displaying a positive trend recently, as the coin gained 106.00% in the last 30-days. The medium-term trend for Illuvium has been bullish, with ILV increasing by 168.00% in the last 3 months. The long-term picture for Illuvium has been positive, as ILV is currently displaying a 157.00% 1-year price change. On this day last year, ILV was trading at $ 42.94.
Illuvium reached its all-time high price on Nov 30, 2021, when the price of ILV peaked at $ 1,912.82. The current ILV cycle high is $ 122.49, while the cycle low is at $ 37.82. ILV has been displaying high volatility recently – the 1-month volatility of the coin is at 18.91. Illuvium recorded 18 green days in the last 30 days.
The sentiment in the Illuvium markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 109.09, $ 104.36 and $ 101.02, while $ 117.17, $ 120.51 and $ 125.24 are the key resistance levels.
#Illuvium #PriceProjections #priceprediction #PriceTrends #CryptoScoop
$ILV
▪︎Illuvium is down -4.37% today against the US Dollar
▪︎ILV/BTC decreased by -4.91% today
▪︎ILV/ETH decreased by -4.99% today
▪︎Illuvium is currently trading 28.60% above our prediction on Dec 08, 2023
▪︎Illuvium gained 106.00% in the last month and is up 157.00% since 1 year ago
Illuvium ILV, 1.19% is trading at $ 110.35 after losing -4.37% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.29% in the same time period. ILV performed poorly against BTC today and recorded a -4.91% loss against the world’s largest cryptocurrency.
According to our Illuvium price prediction, ILV is expected to reach a price of $ 85.81 by Dec 08, 2023. This would represent a -22.97% price decrease for ILV in the next 5 days.
Illuvium has been displaying a positive trend recently, as the coin gained 106.00% in the last 30-days. The medium-term trend for Illuvium has been bullish, with ILV increasing by 168.00% in the last 3 months. The long-term picture for Illuvium has been positive, as ILV is currently displaying a 157.00% 1-year price change. On this day last year, ILV was trading at $ 42.94.
Illuvium reached its all-time high price on Nov 30, 2021, when the price of ILV peaked at $ 1,912.82. The current ILV cycle high is $ 122.49, while the cycle low is at $ 37.82. ILV has been displaying high volatility recently – the 1-month volatility of the coin is at 18.91. Illuvium recorded 18 green days in the last 30 days.
The sentiment in the Illuvium markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 109.09, $ 104.36 and $ 101.02, while $ 117.17, $ 120.51 and $ 125.24 are the key resistance levels.
#Illuvium #PriceProjections #priceprediction #PriceTrends #CryptoScoop
$ILV
🤑Cryptocurrencies Price Prediction: Solana, LUNC & Crypto :
▪️ Solana likely to extend gains as DeFi airdrop season could boost user base:
Solana ecosystem is set to experience a surge in activity from decentralized finance (DeFi) projects that offer users airdrops in the following months, according to a report from crypto market intelligence company Messari. A higher user base – together with the gradual increase in weekly active addresses on the layer 1 blockchain – benefits Solana (SOL) token’s valuation, which has risen nearly 4% over the last day and a whopping 59.20% in the last month.
▪️ LUNC ranks among trending tokens alongside Dollar pegged stablecoin USTC, eyes recovery:
Terra Luna Classic (LUNC) and Terra Classic USD (USTC) both tokens are trending among traders after noting a massive surge in their price. Santiment analysts believe these tokens are gaining popularity after their collapse, likely to see a revival.
▪️Vibrant crypto market:
The crypto market has added 1.5% in the last 24 hours, bringing the capitalisation back to the 1.44 trillion level, which has been acting as resistance for the last three weeks. The upward movement has intensified since the beginning of December.
#PriceTrends #LUNCPricePrediction #SolanaPriceSurge #BTCto40k
▪️ Solana likely to extend gains as DeFi airdrop season could boost user base:
Solana ecosystem is set to experience a surge in activity from decentralized finance (DeFi) projects that offer users airdrops in the following months, according to a report from crypto market intelligence company Messari. A higher user base – together with the gradual increase in weekly active addresses on the layer 1 blockchain – benefits Solana (SOL) token’s valuation, which has risen nearly 4% over the last day and a whopping 59.20% in the last month.
▪️ LUNC ranks among trending tokens alongside Dollar pegged stablecoin USTC, eyes recovery:
Terra Luna Classic (LUNC) and Terra Classic USD (USTC) both tokens are trending among traders after noting a massive surge in their price. Santiment analysts believe these tokens are gaining popularity after their collapse, likely to see a revival.
▪️Vibrant crypto market:
The crypto market has added 1.5% in the last 24 hours, bringing the capitalisation back to the 1.44 trillion level, which has been acting as resistance for the last three weeks. The upward movement has intensified since the beginning of December.
#PriceTrends #LUNCPricePrediction #SolanaPriceSurge #BTCto40k
