Altcoin
Terra Classic Ecosystem Tokens Breakout Above Support, OI Jumps 20%
![](https://coin2049.io/wp-content/uploads/2024/05/Terra-Classic-and-USTC-Come-Back.jpg)
Terra Luna Classic ecosystem tokens LUNC and USTC both saw breakouts above support levels in the last 24 hours. As a result, it recorded massive buying by spot and derivatives traders. If bulls held strongly above this level in the next few days, analysts predict a LUNC price rally above $0.00025.
LUNC and USTC Record Massive Buying
Terra Classic (LUNC)
LUNC price climbed more than 2% in the last 24 hours, extending the monthly rally to 15%. The upsurge is supported by a massive 130% increase in trading volume in the last 24 hours. The 24-hour low and high are $0.0001167 and $0.0001234, respectively.
LUNC futures open interest across crypto exchanges jumped 2% and 1000LUNC futures on Binance and Bybit climbed 3% in the last 24 hours. The open interests are rising gradually as sentiment improve in the crypto market.
![1000LUNC open interest](https://coingape.com/wp-content/uploads/2024/06/screenshot-www.coinglass.com-2024.06.07-21_35_23-1224x390.jpg)
![1000LUNC open interest](https://coingape.com/wp-content/uploads/2024/06/screenshot-www.coinglass.com-2024.06.07-21_35_23-1224x390.jpg)
“In the Futures Liquidation Heatmap, you can see that almost all long positions have been liquidated. The direction now is likely to be towards liquidation of the short positions above,” said analyst Derek.
TerraClassicUSD (USTC)
USTC price soared more than 5% in the past 24 hours, with the price changing hands at $0.02513. The 24-hour low and high are $0.02387 and $0.02682, respectively. Furthermore, trading volume has increased by over 375% in the last 24 hours.
The derivatives data revealed huge buying by traders as total USTC futures open interest rose more than 16% in the last 24 hours. USTC open interest on Binance jumped over 22%, indicating massive accumulation activity on the largest exchange.
Also Read: AI Coins Outlook Bearish As OpenAI, Nvidia, & Microsoft Under Investigation
Terra Luna Classic’s Development Activity Rises
The successful v3.0.1 upgrade by Genuine Labs caused staking to plummet, sign of impending pump in Terra Luna Classic ecosystem tokens as seen earlier in March and Binance-triggered rally in early December last year.
Meanwhile, developer group Genuine Labs also proposed to go ahead with the Tax2Gas implementation, removing the need for separate handling and calculation of tax. Genuine Labs believes Tax2gas can tackle the current problems related to burn tax.
Also, Genuine Labs submitted a proposal to become the maintaining team of Terra Classic core repository. The core repository is currently managed by the community and different groups of developers.
Also Read:
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Hamster Kombat Sparks Speculations On Airdrop
![](https://coin2049.io/wp-content/uploads/2024/07/Whats-Hamster-Kombat.webp.webp)
The recent buzz of the P2E (play to earn) crypto sector, Hamster Kombat, a Telegram-based game, has continued amassing investor attention. Notably, as the token’s airdrop looms to take place this month, the Hamster Kombat community has recently posted on X, sparking discussions across the global crypto community.
In its post dated July 4, the community raised questions about when the launch, airdrop, and token generation will take place. The post has promptly attracted the attention of noteworthy prominencies.
Hamster Kombat Airdrop
With its post on X, the Hamster Kombat community sparked discussions around “wen launching?; wen airdrop?; wen TGE?.” Moreover, discussions also involved what the community was cooking for future developments.
Intriguingly, Azara.ton, a Co-builder at Ton France, also posted showcasing a sense of trust in the P2E project. These chronicles, collectively, have added an optimistic tint to the upcoming crypto on the TON blockchain.
CoinGape Media previously reported that the Telegram project plans its TGE and rolling out in-game token utility this month. However, the global community has yet to witness an official announcement from the project.
Also Read: Crypto Crackdown By South Korea To Delay Global Crypto Market Recovery, Here’s Why
Hamster Kombat P2E
Meanwhile, the Telegram game continues to garner attention among market participants across the globe. The gameplay mandates a user to complete 10 levels with their hamsters, reaching from bronze to the “Lord” level.
Completing this promises rewards with the upcoming airdrop, which the project says is underway.
In-game features include buying cards for passive income opportunities. These cards, varying from Markets, PR & Team, and many others, ‘mine’ the coins earned in-game for reward facilitation. Moreover, the game also offers attractive features like daily rewards, further magnetizing users globally.
Meanwhile, the community’s Telegram page spotlighted that Pavel Durov, founder and CEO of Telegram, also started playing the game. These developments, collectively, have echoed optimism for the P2E project across the crypto sector.
Also Read: Dogecoin Whale Bags 90M Tokens Amid Market Crash, What’s Next For DOGE?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Dogecoin Whale Bags 90M Tokens Amid Market Crash, What’s Next For DOGE?
![](https://coin2049.io/wp-content/uploads/2024/07/dogecoin-doge.jpg)
In an unprecedented development witnessed amid the broader crypto market’s phenomenal crash today, a Dogecoin whale turned heads with its massive accumulation. Recent on-chain insights reveal that a whale bagged a whopping 90 million DOGE from the Binance crypto exchange.
This accumulation has glimmered hope for Dogecoin’s future price endeavors despite its recent dip to the $0.11 price level. So, let’s delve deeper into the accumulation and DOGE’s current market dynamics.
Whale Bags 90M Coins Igniting Optimism
According to the insights provided by the blockchain tracker Whale Alert, 90 million DOGE tokens, worth $10 million, was accumulated by the whale address DGmzv39riE. This accumulation underscored the whale’s undeterred sense of confidence in the asset.
Crypto market whales are large-scale investors who market participants closely monitor to judge market mood, risks, and sentiment. Notably, massive accumulations usually add a bullish tint to a coin’s future prospects.
Further, as per data by Blockchair, the abovementioned address held a whopping 1.42 billion DOGE, worth $157.30 million. This data weighs the balance towards the bullish side for Dogecoin, as, despite the recent crash, the whale has refrained from selling. This could also mean that further price pumps may be imminent, as the correction is a short-term part of the ongoing bull run.
Simultaneously, at press time, DOGE remained in the negative territory despite the buying pressure brought upon the whale.
Also Read: Crypto Crackdown By South Korea To Delay Global Crypto Market Recovery, Here’s Why
DOGE Price Pullback, What’s Next
As of writing, the DOGE price chart showed signs of a pullback, tanking 7.08% to $0.1101. Its 24-hour lows and peaks were recorded as $0.1103 and $0.1196, respectively.
It is worth noting that Dogecoin corrected 10.46% over the past week, whereas the monthly chart showed a 30% crash. This slumping action comes in line with the broader market volatility.
Besides, a recent analysis by CoinGape Media spotlighted that an extended bearish movement could pave the road for DOGE to hit the $0.1 support level. Nonetheless, the whale accumulation has sparked riveting market sentiments, pushing Dogecoin market participants onto a hot seat.
Coinglass data added on to this uncertainty as DOGE’s Futures OI dipped 3.42% to $578.21 million, whereas derivatives volume upsurged 64.80% to $1.64 billion. This data hinted at uncertain investor sentiments prevailing in the market.
Also Read: Ripple Vs SEC Update — Lawyers Reveal How SEC’s Reply Impact Final Decision
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
XRP Takes Bearish Turn As Whale Offloads 65M Coins, What’s Next?
![](https://coin2049.io/wp-content/uploads/2024/06/XRP-Will-Hit-1.jpg)
Against the backdrop of the crypto market’s remarkable bearish movement today, an XRP whale has continued to dump significant amounts of coins to exchanges. Over the past day, nearly 65 million XRP was recorded to have been offloaded, raising severe concerns among crypto market participants.
XRP is currently feeling the heat of the broader market’s downtrend, as also seen by Bitcoin (BTC) slipping as low as the $57K mark. Further, the whale’s dump, despite the recent advancements in the XRP lawsuit, has curated a storm of speculations on future price movements.
Whale Dumps 65M Coins
In a couple of posts shared by the on-chain transaction tracker Whale Alert, it was pointed out that 64.70 million coins were shifted to CEXs via the same whale address. As per the data, the address …Rzn was registered to have been making the massive dump.
Intriguingly, the whale shifted 32.69 million XRP, worth $15.12 million, to the Bitso crypto exchange. Meanwhile, in another transaction, the whale shifted 32.01 million XRP, worth $14.82 million, to the Bitstamp crypto exchange.
The emergence of these transactions amid XRP showing signs of a pullback has raised bearish market sentiments. Also, it’s worth noting that speculations of this whale being linked to Ripple persist. For context, these transactions became a recurring phenomenon soon after Ripple strategically acquired a stake in Bitstamp.
In the interim, XRP price continued to dip, aligning with the whale’s massive dump and the broader market trend. Despite positive developments in the Ripple vs the U.S. SEC lawsuit, as Ripple filed a notice of supplemental authority, the XRP community is yet to witness a significant shift in market sentiment.
Also Read: German Govt Dumps Another 1300 Bitcoin To Coinbase, Kraken & Bitstamp
XRP Price Tanks
At press time, XRP price showed signs of a pullback, falling 6.84% to $0.4502. The Ripple-backed asset’s 24-hour lows and highs are $0.4486 and $0.4833, respectively.
XRP’s Futures OI dipped 10.08% to $547.41 million, coinciding with the price fall. However, the derivatives volume rocketed 86.88% to $1.58 billion. This hinted at an uncertain market sentiment for XRP.
Meanwhile, crypto analyst Dark Defender took to X, spotlighting the cryptocurrency’s turbulency below $0.4623. The analyst states that the volume is currently at a shallow level, indicating a lack of market activity with no selling or buying. This could potentially pave the way for a dip to $0.3917 should XRP close below $0.4623.
Crypto market enthusiasts continue to eye the token for vital shifts ahead.
Also Read: Ethereum Roll-Out EIP-7732 Proposing Major Shift In Block Validation Process, Here’s All
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
-
Blockchain2 months ago
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
-
Altcoin2 weeks ago
Are Solana, Cardano, Polygon Commodities As US SEC Ends Ethereum Investigation?
-
Regulation2 months ago
Terraform Labs Refuses to Pay $5.3 Billion Fine, Says SEC Has No Evidence
-
Regulation2 months ago
CFTC Appoints Dr. Ted Kaouk as First Chief AI Officer
-
Market3 weeks ago
Avalanche (AVAX) Under Pressure: Prolonged Downtrend Next?
-
Market2 weeks ago
TON Foundation’s Plan to Onboard 500 Million Users
-
Altcoin2 months ago
10 Years Old Dogecoin Stash Sale Leaves DOGE Owner With Million-Dollar Loss
-
NFT3 weeks ago
New And Upcoming NFT Projects
✓ Share: