Crypto-specialized media outlet Watcher Guru reported on the 3rd that despite Litecoin's (LTC) recent halving event, the expected price rise did not occur. This case underscores the adage, 'buy on the rumor, sell on the news.' The halving, occurring at the 2,520,000th block, reduced the LTC mining reward from 12.5 to 6.25 LTC. Despite this 'good news,' LTC price fell 5.9% in 24 hours. Watcher Guru remarked there's no clear reason why prices didn't rise post-halving, noting similar patterns in past events like Ethereum's (ETH) PoS conversion.

#Litecoin #halving #cryptoprices #WatcherGuru #ETH

Understanding Cryptocurrency Prices: Key Factors

📈 Cryptocurrency prices are more than just digits; they reflect real-world dramas affecting investors and traders. Here’s what influences the market:

Supply and Demand Basics
It’s all about availability and desire. If many tokens are available but few want them, prices drop. Conversely, scarcity coupled with high demand drives prices up.

Media's Role
Headlines can drastically sway cryptocurrency values, sometimes with just one news item altering market dynamics. Yet, many argue that prices already reflect potential news impacts, leaving us to merely speculate.

Tech Updates
Significant blockchain updates or forks can redefine a cryptocurrency's perceived value, leading to price fluctuations based on community reactions and actual network impacts. For instance, after the Bitcoin fork creating Bitcoin Cash, the price plummeted from $3,000 to $2,000 in days.

Regulatory Influence
Changes in regulations across countries can heavily influence cryptocurrency prices. Everything from court decisions to new laws can spark market volatility.

The SEC’s influence over prices extends to specific coins and the broader market.

Cryptocurrency pricing is a complex interplay of many factors, making market understanding crucial for making informed trading decisions and potentially avoiding losses.

How do you analyze assets? Share your strategies in the comments!
#crypto2024 #cryptoprices

🚀 LUNC Price Jumps 5% & USTC 12% After Core Security Upgrade Package Announcement📈💎

Let's delve into the details of this significant development!

🛡️ Terra Luna Classic Core Security Upgrade Unveiled!

The Joint L1 Task Force (L1TF) developer, Vinh Nguyen, took to X on January 16 to announce the 'core security upgrade package' designed to address security risks and community concerns. The upgrade focuses on revitalizing core components, ensuring increased security, and bolstering the stability of the Terra Luna Classic chain.

🌟 Developer Insights: Enhancing Security and Stability

Vinh Nguyen emphasized the team's commitment to delivering the most excellent service to the community through the successful upgrade of core components. The initiative also aims to meet the infrastructure requirements for TFL support. The upgrade includes vital Terra Classic components such as Wasm module (wasmd), Wasm Virtual Machine (wasmvm), Cosmos SDK, Comet BFT, IBC-GO, and Mainnet.

🚧 Project Timeline and Budget

The development team, consisting of Vinh, Inon Man, and Frag (voluntary contributor), estimates an 11-week timeline to complete the comprehensive upgrade. The total budget allocated for this crucial project is $51,000, ensuring a robust and secure implementation. The funds will be held in a multisig account, providing transparency and accountability.

🌐 Join the Terra Luna Classic Community in Embracing the Future! 💫

The positive market response reflects the community's confidence in the core security upgrade. As Terra Luna Classic continues to evolve, the enhanced security and stability pave the way for exciting possibilities. Stay tuned for further updates on this transformative journey!

💡 For real-time crypto news and updates, follow The Blockopedia!

#CryptoPredictions2024 #cryptoprices #trendingtoday #cryptocurrency #crypto2024

💥💥💥 #cryptoprices Today July 1: Recovers To $63K, #Altcoinmarket Soars

Today's cryptocurrency prices have sparked a wave of optimism among global market participants. Bitcoin (BTC) surged to $63K, though it slightly dipped below this mark as the day progressed. Ethereum (ETH) mirrored this upswing, reaching $3,400. Other major cryptocurrencies like Solana (SOL), XRP, and various meme coins also saw significant gains over the past day.

The global crypto market cap increased by 4.21% from yesterday, reaching $2.34 trillion. The total crypto market volume saw a substantial 44.92% surge to $49.98 billion.

Top Crypto Prices Today

1. Bitcoin Price

- As of writing, Bitcoin (BTC) is priced at $63,316.81, marking a 4.17% gain over the past day according to CoinMarketCap. The 24-hour low and high for BTC were $60,630.05 and $63,712.78, respectively. Bitcoin’s market dominance rose by 0.19% to 53.57%, with a market cap of $1.25 trillion.

2. Ethereum Price

- Ethereum (ETH) also saw a significant rise, gaining 3.91% over the past day to reach $3,495.66. Its 24-hour low and high were $3,354.51 and $3,516.05, respectively. The anticipation of $ETH ETFs has contributed to this upswing, attracting considerable investor interest.

3. #SolanaPrice

- Solana (SOL) rallied 6.58% to trade at $146.43. Its 24-hour low and high were $137.14 and $148.65, respectively.

4. $XRP Price

- XRP, supported by Ripple Labs, saw a 1.51% increase in value, reaching $0.4782. The token’s 24-hour low and high were $0.4703 and $0.4788, respectively, indicating a tight trading range.

5. #doge⚡ & $SHIB Prices

- In the meme coin sector, Dogecoin (DOGE) gained 4.70% to $0.1264, while Shiba Inu (SHIB) rose 4.55% to $0.00001745. Additionally, Pepe coin (PEPE) saw a significant rally, increasing by 9.40% to reach $0.00001197.

These upward movements in crypto prices reflect growing market confidence and a buoyant investor sentiment.

Source - coingape.com