First-Neiro-On-Ethereum-NEIRO-Price-Prediction

Will NEIRO Hit 1$ in future.

by with No Comment Crypto News

Predicting whether NEIRO/USDT will reach $1 is a complex task, primarily due to the volatile and speculative nature of the cryptocurrency market. While no one can accurately forecast future prices, several key factors can help assess the likelihood of such an increase.

1. Market Capitalization and Supply

For NEIRO to hit the $1 mark, it would necessitate a substantial market capitalization. The required market cap hinges on NEIRO’s total circulating supply. A higher circulating supply means that greater market demand is needed to elevate the price to $1.

You can calculate the necessary market cap using the formula:

Market Cap = Current Supply × Target Price

For instance, if NEIRO has a circulating supply of 1 billion tokens, reaching a price of $1 would imply a market cap of $1 billion. Understanding these metrics is critical for investors as they analyze potential price movements.

2. Growth of NEIRO’s Use Case and Ecosystem

The prospects for any cryptocurrency are heavily influenced by its use case and ecosystem development. NEIRO’s potential for price appreciation is closely tied to whether it is part of a project that showcases innovative technology, a robust development team, and real-world applications that attract users.

Projects in sectors like decentralized finance (DeFi), Web3, or artificial intelligence have historically experienced significant growth. Therefore, examining NEIRO’s roadmap, partnerships, and the potential for real-world applications is essential for gauging its future value.

3. Adoption and Demand

An increase in demand for NEIRO, whether through heightened adoption, strategic partnerships, or integrations with other platforms, could propel its price upward. Investors should monitor developments regarding NEIRO’s integration into major platforms or partnerships with established entities in the crypto space.

News about positive adoption trends or collaborations can catalyze price increases, making it vital for investors to stay informed about the project’s progress and market presence.

4. Market Sentiment and Crypto Cycles

The cryptocurrency market is cyclical, with periods of rapid growth (bull markets) followed by corrections (bear markets). During bullish phases, many altcoins experience significant price rises, but for NEIRO to reach $1, sustained interest is essential.

If NEIRO garners popularity and traction during a bull market, it could see substantial price growth. However, bear markets can adversely affect prices, especially for lesser-known or low-liquidity assets. Therefore, timing and market sentiment play crucial roles in NEIRO’s price trajectory.

5. Competitive Landscape

The cryptocurrency market is fiercely competitive, with thousands of tokens vying for attention. For NEIRO to achieve a price of $1, it must distinguish itself from competitors by offering unique value that sustains investor interest.

A thorough analysis of NEIRO’s competitors can provide insights into its relative strengths and weaknesses. Projects that fail to innovate or adapt may struggle to reach ambitious price targets, making it vital for NEIRO to maintain a competitive edge.

6. Community Support and Investor Interest

Cryptocurrencies with vibrant communities and strong social media engagement often experience organic growth and investor loyalty. Community-driven projects can see price increases as demand rises, particularly during periods of heightened social media activity.

Active community support can be a significant factor in driving demand for NEIRO. Monitoring social media platforms and community forums can provide valuable insights into investor sentiment and interest levels.

Conclusion

Reaching $1 for NEIRO/USDT will depend on a combination of factors: increased adoption, strong development progress, substantial investor interest, and favorable market conditions. While the target is ambitious, it is not unattainable. NEIRO’s ability to differentiate itself, generate demand, and thrive within the broader crypto market will be pivotal.

If NEIRO can establish itself firmly in the industry, secure partnerships, and consistently build its use case, it stands a chance of increasing in value. However, reaching $1 will likely require significant time and sustained effort, particularly in achieving large-scale adoption and navigating market fluctuations.

In summary, while the path to $1 is fraught with challenges, NEIRO’s potential for growth hinges on its strategic initiatives, community engagement, and the overall health of the cryptocurrency market. Investors should remain vigilant and informed as they navigate this dynamic landscape.

Neiro-Ethereum-price-prediction

First Neiro On Ethereum (NEIRO) Price Prediction 2024-2030: Will NEIRO Hit $0.01 Soon?

by Crypto News

First Neiro On Ethereum

Following its launch on August 1, First Neiro On Ethereum (NEIRO) has swiftly risen to become one of the prominent names in the meme coin landscape, now ranking as the 22nd largest meme coin by market cap.

Despite the volatile market environment, Neiro has managed to exceed expectations, consistently achieving notable gains while many other coins struggle. However, with technical indicators suggesting a bearish outlook and the Fear & Greed Index reflecting a ‘Fear’ level at 39, a crucial question arises: Can First Neiro On Ethereum sustain its momentum and break into the top 10 meme coins?

In the past 30 days, Neiro recorded 14 days of gains, resulting in a 47% positive performance, alongside a significant price volatility of 38.06%. These metrics underscore Neiro’s potential but also raise concerns about its ability to maintain its upward trend.

Let’s explore our price predictions for First Neiro On Ethereum for 2024, 2025, and 2030 to gain insights into the long-term trajectory of this meme coin.

What is First Neiro On Ethereum (NEIRO)?

First Neiro On Ethereum (NEIRO) is an exciting new meme coin that has captured the attention of the cryptocurrency community with its unique backstory. Inspired by Neiro, a Shiba Inu owned by Atsuko Sato—the creator of the famous Doge meme—this coin represents more than just another digital currency. It embodies a legacy and the essence of meme culture and internet humor.

Following a trend of Neiro-themed meme coins on the Solana blockchain, NEIRO quickly emerged as a leading contender on Ethereum. Unlike its Solana counterparts, which struggled for prominence, NEIRO surged to the forefront, establishing itself as the clear champion in the battle for the Neiro meme.

While Atsuko Sato has not officially endorsed $NEIRO, the connection to her beloved Shiba Inu positions it as a worthy successor to the Doge legacy.

Current Market Status of NEIRO

Recently, the NEIRO token broke free from a month-long stagnation, experiencing a significant price surge that reached an all-time high of $0.0004284. This milestone represented over a 700% increase from its previous levels, drawing considerable interest to this meme-inspired cryptocurrency.

However, the token has since seen a minor correction, pulling back by 16.56% from its peak but remaining stable above the $0.00030 support level. Despite this dip, NEIRO has managed to retain 53.89% of its gains over the past 24 hours, with current trading at $0.0003622.

This resilience has propelled NEIRO’s market capitalization to $152,716,562, ranking it at 254th among cryptocurrencies. Additionally, the trading volume in the last 24 hours surged approximately 1443.53%, reaching $446,070,422.

This impressive volume-to-market dominance of 310.96% highlights NEIRO’s strong market presence and activity, even amidst recent price fluctuations. The token’s dynamics continue to evolve, with a circulating supply of 418,589,961,201 NEIRO, accounting for 99.50% of its total supply of 420,690,000,000 NEIRO.

As NEIRO stabilizes and garners market interest, many are watching to see how it will perform in the coming days.

First Neiro On Ethereum (NEIRO) Price Analysis

Following the recent price surge, the NEIRO token has become a focal point for investors and traders eager to leverage its volatility and potential for significant returns. With its current market cap ranking at 254, NEIRO is emerging as a cryptocurrency to watch closely as it continues to make substantial market moves.

In this section, we provide an in-depth analysis of NEIRO’s market performance, offering real-time data and insights to help investors make informed decisions regarding its growth potential.

First Neiro On Ethereum (NEIRO) – Bollinger Bands Analysis

The Bollinger Bands indicator on NEIRO’s 4-hour chart reveals interesting trends in the token’s market behavior. For a considerable period, NEIRO was trapped in a sideways trend, fluctuating between $0.000110009, which served as a resistance level, and $0.00002400 as support.

This range-bound movement ended with a dramatic breakout that propelled NEIRO’s price upward significantly. The token initially encountered substantial resistance at the $0.00044012 level, which it successfully surpassed. This breakthrough allowed NEIRO to reach an all-time high of $0.00045723, demonstrating the strength of its bullish momentum.

Source: TradingView

The expansion of the Bollinger Bands highlights the increased volatility in NEIRO’s market, indicating heightened activity and interest from investors. This breakout suggests that NEIRO may continue its upward trend in the near future. However, caution is advised, as the token has entered overbought territory according to the Bollinger Bands.

Consequently, a potential correction could be imminent, drawing NEIRO back toward the middle band at $0.00015060. This level may act as a support point, offering a foundation for the token to regain strength before making another attempt at upward movement.

First Neiro On Ethereum (NEIRO) – Relative Strength Index

Similar to the Bollinger Band analysis, the Relative Strength Index (RSI) also indicates that the NEIRO token has been in a consolidation phase before its recent upward breakout. Currently, the RSI is at 84.58, placing NEIRO firmly in the overbought range, which suggests that a short-term pullback might be forthcoming.

Source: TradingView

This potential correction could cause NEIRO’s price to pull back toward the $0.000110009 support level before any renewed upward movement. However, if overbought conditions continue, NEIRO might surprise traders and maintain its bullish trajectory.

In such a case, the token could challenge its all-time high and potentially exceed it, further solidifying its influence in the market.

First Neiro On Ethereum (NEIRO) – Moving Average Convergence Divergence

The MACD indicator reflects a strong bullish sentiment for NEIRO, with the MACD line moving sharply upward and currently positioned at 0.00008758—well above the signal line. Despite this positive momentum, there are indications that this bullish sentiment may be losing strength.

Source: TradingView

The MACD histogram bars, which visually represent the strength of this trend, are beginning to decrease in size. This could be an early indication of a potential correction in the near term. If this correction occurs, NEIRO might retrace toward the $0.000110009 support level before any significant upward movement resumes.

First Neiro On Ethereum (NEIRO) Price Prediction for 2024

The DMI indicator suggests robust bullish momentum for NEIRO, with an ADX reading of 40.4514 indicating a well-established trend. The +DI at 48.5815 significantly exceeds the -DI at 6.2922, highlighting the dominance of buyers in the market.

Given these favorable market conditions, the NEIRO token is well-positioned for further gains as the bullish momentum remains strong. This could propel it past its all-time high and potentially eliminate a zero, reaching around the psychological $0.001 mark by the end of the year.

Source: TradingView

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However, if market conditions change, a correction may occur as traders take profits. This could result in a temporary pullback toward the $0.000110009 support level. Should NEIRO breach this support, it might retrace further to its all-time low around the $0.00002400 range.

First Neiro On Ethereum (NEIRO) Price Prediction for 2025

According to projections from Coin Edition, NEIRO could reach $0.0066, driven by optimism following the Bitcoin halving. However, a market correction may see it drop to $0.0003514 as investor sentiment cools.

First Neiro On Ethereum (NEIRO) Price Prediction for 2026

Our forecast suggests that NEIRO might retrace to the $0.00018296 level due to decreased enthusiasm post-Bitcoin halving, but it could peak at $0.000959 during a mid-year surge.

First Neiro On Ethereum (NEIRO) Price Prediction for 2027

Coin Edition anticipates that NEIRO could reach $0.0048, fueled by renewed interest ahead of the 2028 Bitcoin halving. Conversely, it may dip to $0.0006 due to volatility in the market leading up to the halving.

First Neiro On Ethereum (NEIRO) Price Prediction for 2028

According to Coin Edition’s analysis, NEIRO could climb to $0.0020 following the Bitcoin halving event. However, post-halving corrections might bring it down to around $0.0012.

First Neiro On Ethereum (NEIRO) Price Prediction for 2029

As projected by Coin Edition, NEIRO could peak at $0.0055 with strong community backing. Nevertheless, it might fall to $0.0028 amid broader market corrections.

First Neiro On Ethereum (NEIRO) Price Prediction for 2030

Coin Edition forecasts that NEIRO may hit $0.01 as it strengthens its market position. On the other hand, it could drop to $0.0051 due to potential profit-taking.

First Neiro On Ethereum (NEIRO) Price Prediction for 2040

According to Coin Edition, NEIRO might soar to $0.100, supported by long-term adoption and technological advancements. However, it could also experience lows around $0.025 if market dynamics shift negatively.

Let me know if you need any further changes!

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Bitcoin Dips as Markets Brace for Anticipated Fed Rate Cut

by BlogsCrypto News

Dips as Markets Brace for Anticipated Fed Rate Cut

Bitcoin experienced a decline as investors prepare for a widely expected interest rate cut from the Federal Reserve, a policy adjustment that is set to impact global markets later this week.

Key Insights from Bloomberg

  • Housing Crisis: The housing sector faces its most significant crisis in decades, influencing the 2024 electoral landscape.
  • Innovative Home Designs: Affordable nomadic housing struggles to find its place in urban environments.
  • Rising Traffic Concerns: Driving and congestion rates in the U.S. are reaching new highs.
  • Nature’s Remedies: A city has found success using trees as a form of medicine.
  • Sustainability Milestone: The Hague becomes the first city to ban advertisements for oil and air travel.

The leading cryptocurrency fell by as much as 2.8% on Monday, later recovering slightly to trade at $58,633 as of 7:03 a.m. in London. Other cryptocurrencies, including Ether and Dogecoin, also saw declines.

The anticipated first interest rate cut in over four years could lead to looser financial conditions, usually beneficial for riskier assets like cryptocurrencies. However, investor sentiment is mixed regarding the extent of the expected cut on Wednesday, alongside updated forecasts from Fed officials and Chair Jerome Powell’s subsequent comments.

Sean McNulty, director of trading at Arbelos Markets, noted, “The rate cut itself is less significant than the guidance during the press conference and the updated dot plot release. If the messaging is notably dovish, we could see Bitcoin rally.”

This recent downturn in Bitcoin follows a 10% increase over the week ending Sunday, marking the largest weekly gain since July, likely fueled by renewed speculation about a 50 basis point rate cut. Analysts predict a reduction of at least 25 basis points in the upcoming meeting.

In the Bitcoin options market, traders are “forecasting a notably larger impact than we’ve seen recently” in relation to the Fed meeting, according to Caroline Mauron, co-founder of Orbit Markets, which specializes in digital asset derivatives.

The outlook for monetary policy has become a key short-term factor influencing cryptocurrency prices, overshadowing the complexities of the U.S. presidential race for the moment.

In recent political developments, former President Donald Trump survived an apparent assassination attempt. A man armed with an assault rifle was shot at by the Secret Service while Trump was at his golf course in West Palm Beach, Florida.

Trump has actively engaged with the digital asset sector to garner support and contributions as he competes against Democratic Vice President Kamala Harris. His strong reaction to a previous assassination attempt in July corresponded with a surge in Bitcoin prices, suggesting an increased likelihood of his reelection.

Bitcoin hit an all-time high of $73,798 in March, spurred by interest in dedicated U.S. exchange-traded funds, although inflows into these products have since decreased.

Market Overview

As of early Monday morning, Bitcoin fell by as much as 2.8%, trading at approximately $58,633 by 7:00 a.m. in London. This decline follows a week of bullish momentum, where Bitcoin had previously surged by 10%, marking its largest weekly gain since July. Other cryptocurrencies, such as Ether, the second-largest digital asset, and the popular meme coin Dogecoin, also experienced losses as market sentiment shifted.

The upcoming Federal Reserve meeting is particularly significant as it marks the first anticipated rate cut in over four years. A reduction in borrowing costs typically signals looser financial conditions, which usually benefits riskier assets, including cryptocurrencies. However, investors are apprehensive about the scale of the cut and how markets will react to the revised economic projections from Fed officials, known as the “dot plot,” as well as Chair Jerome Powell’s commentary during the press conference.

Insights from Market Analysts

Sean McNulty, director of trading at Arbelos Markets, emphasized the importance of the Fed’s guidance during the press conference, stating, “The rate cut itself is less significant than the messaging we receive. If the guidance and the tone of the press conference are notably dovish, we could expect Bitcoin to rally significantly.”

This cautious approach is compounded by an environment of heightened volatility. Investors are keenly aware that while the anticipation of a rate cut can drive prices up, any sign of uncertainty or a less aggressive stance from the Fed could lead to sharp reversals.

In the lead-up to the Fed meeting, traders in the Bitcoin options market are indicating a much larger event risk than has been observed in recent times. Caroline Mauron, co-founder of Orbit Markets, noted, “The market is pricing in a significantly larger impact from this Fed meeting, reflecting the uncertainty surrounding both the rate cut and the accompanying commentary.”

Broader Economic Context

The current economic landscape is characterized by a complex interplay of factors. Inflation remains a pressing concern for the U.S. economy, leading to speculation about how aggressively the Fed will act. The anticipated rate cut is seen as a response to cooling inflation and a slowing economy, which has been affected by various global economic pressures, including geopolitical tensions and supply chain disruptions.

Moreover, the housing market is grappling with its own set of challenges. Reports indicate that the sector is experiencing its worst crisis in decades, with rising interest rates and affordability issues impacting home sales. This situation has broader implications for the economy and could influence the Fed’s decision-making process.

Political Dynamics and Their Influence

As the Fed prepares for its meeting, the political landscape in the U.S. is also shifting. Former President Donald Trump remains a prominent figure, and recent events have drawn significant media attention. Following an apparent assassination attempt, where a man armed with an assault rifle was shot at by Secret Service agents while Trump was at his golf course in West Palm Beach, Florida, the political climate has become increasingly charged.

Trump has been leveraging the digital asset space to bolster his campaign, seeking donations and support as he faces off against Democratic Vice President Kamala Harris in a tightly contested race. His controversial stance on cryptocurrencies and his efforts to engage with the industry could have implications for market sentiment, especially among his supporters.

Interestingly, Trump’s defiant response to the assassination attempt earlier in the summer had correlated with a surge in Bitcoin prices, as speculation grew that his chances of reelection were improving. This interplay between politics and financial markets highlights the complex dynamics that can drive cryptocurrency prices.

Historical Context of Bitcoin and Market Trends

Historically, Bitcoin has demonstrated a strong correlation with macroeconomic events. The cryptocurrency reached an all-time high of $73,798 in March, largely driven by increased demand for dedicated U.S. exchange-traded funds (ETFs). However, since that peak, inflows into these products have moderated, reflecting a broader caution among investors.

The digital asset market has been marked by significant fluctuations, with Bitcoin often seen as a barometer for the health of the cryptocurrency sector. As the Fed navigates its monetary policy, the implications for Bitcoin and other cryptocurrencies will be closely watched.

In conclusion, the upcoming week is pivotal for Bitcoin and the broader cryptocurrency market. As investors await the Federal Reserve’s decision on interest rates, the interplay of monetary policy, political developments, and market sentiment will shape the trajectory of digital assets. Whether Bitcoin can regain its upward momentum or will continue to face pressure remains to be seen, but the stakes are undoubtedly high as key economic indicators and political events unfold.

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Internet Computer (ICP) Price Prediction 2024-2030: Will ICP Price Hit $20 Soon?

by Crypto News

The decentralized finance (DeFi) landscape has witnessed a series of peaks and valleys, with numerous ventures striving to establish their presence in a swiftly transforming market. In this realm, Internet Computer (ICP) emerged with an innovative vision, empowering developers to craft decentralized applications at unprecedented speeds.

Distinguished by its blockchain-based computing infrastructure that streamlines data implementation and storage, ICP stands out in the DeFi sphere. Nevertheless, the journey of ICP in the market has been akin to a turbulent rollercoaster ride.

Initially soaring to approximately $750 shortly after its debut in May 2021, ICP subsequently experienced a staggering decline of over 90% within a brief span, stabilizing within the $40-$60 range by late 2021. The downward trajectory persisted throughout 2021 and 2022, culminating in ICP plummeting to a low of $2.82 in September 2023.

However, the onset of the first quarter of 2024 brought about a semblance of recovery, as ICP prices ascended to $20.96 before finding stability above the $5.21 support level by July. Presently, as of September 2024, ICP’s price fluctuates between $9.10 and $6.80, accompanied by a Bullish sentiment and a Fear & Greed Index registering a reading of 37, indicating prevailing apprehension in the market.

Adding an intriguing twist to the narrative, ICP has exhibited resilience, boasting 60% green days over the past month with a mere 6.06% volatility. Could this tranquility foreshadow an impending storm? Keep an eye out as we delve deeper into the future prospects of Internet Computer.

Internet Computer (ICP) Real-Time Market Status

🪙 NameInternet Computer
💱 SymbolICP
🏅 Rank#23
💲 Price$8.5588067615563
📊 Price Change (1h)-0.58 %
📊 Price Change (24h)6.98 %
📊 Price Change (7d)18.37 %
💵 Market Cap$4021551013.9035
💸 Circulating Supply469872860.31122 ICP
💰 Total Supply522353681.36638 ICP

Internet Computer (ICP) is presently priced at $8.56 and holds the 23rd position on CoinMarketCap based on market capitalization. With 469,872,860.31 ICP coins in circulation, the total market capitalization amounts to approximately $4,021,551,013.90.

In the previous 24 hours, Internet Computer has surged by 6.98%. Observing the trends over the past week, the coin has appreciated by 18.37%.

Internet Computer (ICP) is a blockchain network engineered to elevate the efficiency, speed, and decentralization of web services, with the ambition of establishing a “world computer.” This platform empowers developers to construct decentralized applications (dApps) free from reliance on conventional, centralized IT infrastructure.

Operating on a global network of nodes overseen by independent providers, the network forms a wholly decentralized system. The native token of ICP, also named ICP, holds a pivotal role within the ecosystem by fueling computations, engaging in network governance, and incentivizing users.

ICP tokens are transmuted into “cycles” to drive smart contracts, which function with efficiency and scalability reminiscent of traditional IT systems. Furthermore, ICP can be staked within the Network Nervous System (NNS), a decentralized autonomous organization (DAO) governing the Internet Computer network, facilitating users to earn rewards and partake in decision-making processes.

Moreover, Internet Computer’s framework integrates distinctive elements such as chain key cryptography and subnet blockchains, enabling seamless scalability and upholding a high standard of security and decentralization. These attributes position it as a robust platform for constructing cutting-edge Web3 services, encompassing SocialFi, GameFi, DeFi, and metaverse applications.

ICP Current Market Status

The ICP token has experienced a tumultuous journey over the last month, with its price oscillating between significant support and resistance levels at approximately $7.00 and $9.09, respectively. This fluctuation has been evident across both weekly and daily charts, suggesting robust engagement from both short-term traders and long-term investors in the market.

Source: CoinMarketCap

ICP is currently trading at $8.67, marking a 10.14% increase in the last 24 hours, a 19.57% gain over the past week, and an impressive 23% rise over the past month. This surge has propelled the token’s market capitalization to $4.071 billion, securing its position as the 21st largest cryptocurrency by market capitalization.

In tandem with the price increase, ICP’s 24-hour trading volume has surged by 200.92% to $188.552 million, indicating a surge in investor confidence and trading activity surrounding the token.

Internet Computer (ICP) Price Analysis

The optimistic outlook surrounding ICP has attracted new investors seeking to capitalize on its upward momentum. With a circulating supply of 469,874,725 ICP, there is significant potential for further price appreciation as demand continues to rise. In this segment, Coin Edition offers an in-depth analysis of ICP’s recent performance and its potential for growth in the cryptocurrency market.

Internet Computer (ICP) Price Analysis – Bollinger Bands

Based on the weekly Bollinger Bands indicator, the ICP token has been consolidating in a sideways trend. This pattern suggests a phase of consolidation, with the token’s price fluctuating within a defined range.

Additionally, the narrowing of the Bollinger Bands indicates low market volatility, signaling that traders are awaiting a definitive move. Presently, the price is hovering around the middle band at $8.597.

Source: TradingView

A move above this level has the potential to spark a breakout, paving the way for a possible bullish trend. Conversely, if the middle band acts as a resistance barrier, the price may retreat towards the lower band at $5.261. Such a retreat could trigger a bearish trend, potentially pushing the ICP token further downward.

Internet Computer (ICP) Price Analysis – Relative Strength Index

The Relative Strength Index (RSI) mirrors a similar trajectory. On the weekly chart, the RSI line has been steadily climbing, indicating a strengthening bullish momentum. Having emerged from oversold territory, the RSI presently rests at 47.32, suggesting a phase of consolidation before a potential reversal unfolds.

Source: TradingView

This trend hints at a more optimistic outlook for ICP despite short-term fluctuations. A potential bullish trajectory could be confirmed if the RSI surpasses the neutral 50 mark, potentially initiating a sustained upward movement for the ICP token.

If this positive momentum endures, it could propel ICP towards its recent resistance level at $20.96, inching closer to overbought conditions.

Internet Computer (ICP) Price Analysis – Moving Average Convergence Divergence (MACD)

The MACD indicator has indicated a prolonged bearish trend for ICP, but a shift appears imminent. Similar to the RSI, this indicator now indicates an increasing bullish momentum in the short term. Notably, the MACD line is nearing a crossover with the signal line at -0.926, on the brink of transitioning into positive territory.

Source: TradingView

The evolving MACD histogram indicates a diminishing bearish pressure, with red bars decreasing and nearing the zero line. If this upward trajectory persists, ICP could soon challenge the $20.96 resistance level and potentially break through it.

Internet Computer (ICP) Price Prediction 2024

The DMI indicator displays an ADX reading of 21.0934, suggesting that the market is currently experiencing a consolidation phase lacking a clear directional trend. The +DI is presently at 22.0116, while the -DI shows a slight increase to 22.8660, indicating a subtle bearish inclination.

Despite this, the proximity of the +DI and -DI lines implies a state of indecision, leaving room for a potential shift in market momentum.

In light of the present market dynamics, analysts anticipate that ICP’s price may maintain a relatively stable stance until a clear trend emerges. Should bullish momentum strengthen, ICP could embark on a rally towards the $20.96 resistance level, potentially surpassing it.

If such a breakout occurs, the token’s value could ascend to $22.70, correlating with the 23.60% Fibonacci level by the end of the year. Conversely, in a scenario where bearish pressures prevail, ICP’s price might retreat to test the $2.80 support level, potentially initiating further declines.

According to Coin Edition’s price projections for Internet Computer (ICP):

  • 2025: ICP could reach $34.96 due to post-BTC halving momentum, but might drop to $16.38 in the face of market corrections.
  • 2026: Predictions suggest ICP’s price could dip to $7.50 as BTC halving enthusiasm wanes, with a potential peak at $24.68 driven by ongoing developments.
  • 2027: ICP may rise to $37.87 in anticipation of the 2028 BTC halving, yet could fall to $20.97 amidst market uncertainty.
  • 2028: The outlook indicates ICP could soar to $49.28 following the BTC halving, but might retreat to $31.71 amid potential volatility.
  • 2029: ICP could climb to $86.87 due to strong community support, or drop to $37.87 if broader market pressures intensify.
  • 2030: ICP might reach $106.86 driven by technological advancements, but could slide to $79.50 if market conditions weaken.
  • 2040: In the long-term forecast, ICP could retest its all-time high of $750.73, reflecting widespread adoption, or fall to $622.02 due to technological challenges or market disruptions.
terra-luna-banner-luna-coin-cryp

LUNA, LUNC Prices Surge as Terra Classic Community Decides on Significant Upgrade

by Crypto News

Reviving a cryptocurrency that once shook the market is no small task, but the Terra Classic (LUNC) community remains steadfast. Previously seen as a groundbreaking project, the token is showing signs of recovery, drawing renewed interest. Yet, does this recent rise in price indicate an upcoming surge, or is it just a brief moment of optimism?

Our analysis suggests a bearish outlook, with the Fear & Greed Index at a cautious 26 (Fear). However, with Terra Classic experiencing 50% positive days over the past month and an 8.94% price volatility, the question remains—could this signal a significant comeback? Some hopeful forecasts even suggest LUNC might reach the $1 milestone.

Can Terra Classic defy the odds and rise again? The answer might be surprising. In this article, Coin Edition examines the factors affecting Terra Classic’s price movement and explores the potential for a future turnaround.

Terra Classic (LUNC) is currently valued at $0.000082553797984714, ranking #114 on Coin Market Cap by market cap. With 5,711,851,297,508.1 LUNC coins in circulation, the total market capitalization stands at $471,535,018.13.

In the past 24 hours, Terra Classic has risen by 3.99%. Over the last week, the coin has seen a 5.78% increase.

Terra Classic (LUNC) represents the resilience of the original Terra LUNA blockchain, a project that endured the collapse of the UST/LUNA ecosystem. Following this event, Do Kwon, the creator of Terra, introduced a recovery plan that split the network into two separate chains.

The new chain, Terra (LUNA 2.0), marks the future path, while LUNA Classic (LUNC) remains as the native token of the original Terra LUNA blockchain. The term “Classic” intentionally echoes the Ethereum fork that led to Ethereum Classic after the 2017 DAO incident, framing the UST crash as Terra’s crucial “DAO moment.”

At the heart of the original Terra protocol, now Terra Classic, was a robust system for stablecoin creation and decentralized finance (DeFi) development. This ecosystem thrived on two key assets: Terra, a stablecoin linked to fiat currencies like the U.S. dollar (UST) and South Korean won (KRT), and LUNA, the network’s staking and governance token.

Unlike traditional stablecoins backed by fiat reserves, LUNA operated through an algorithmic model, allowing participants to stake for rewards, take part in governance, or burn LUNA to mint Terra’s stablecoins. Today, LUNA Classic (LUNC) embodies the enduring spirit of the original Terra vision, maintaining a community dedicated to its legacy.

LUNC Current Market Status

At press time, LUNC finds itself at a crossroads, priced at $0.00007841 after a 4.73% surge in the past 24 hours. With a trading volume of $10.413 million in the same period, LUNC has held a market cap of $447.77 million, though its market dominance remains at 2.32%.

Terra Legacy, once a prominent figure in the digital asset realm, peaked at $119.18 on April 5, 2022, before experiencing a drastic decline to $0.00001675 by May 13, 2022. Subsequently, its highest rebound was recorded at $0.0002577, demonstrating resilience amid market turbulence. Sentiments surrounding TERR remain neutral, while the Fear & Greed Index advises caution, steadying at a worrisome 40.

With 5.71 trillion TERR tokens currently circulating from a total cap of 6.794 trillion, the platform has witnessed a marginal supply decrease over the past year, amounting to 0.68% as 39.77 billion TERR units were withdrawn. This controlled supply adjustment hints at a potential scarcity factor that might impact future pricing trends.

Terra Legacy (TERR) Price Evaluation

An in-depth analysis of Terra Legacy’s pricing reveals the token’s enduring strength. Despite its modest market dominance, TERR has enticed investors banking on its prospective long-term growth. In the subsequent evaluation, Coin Edition delves into the critical support and resistance levels to monitor, along with exploring the catalysts that could propel TERR’s value upwards in the immediate future.

Terra Legacy (TERR) Price Evaluation – Bollinger Bands

TERR has been submerged in a prolonged bearish sentiment, evident through its Bollinger Bands indicator. Since hitting its zenith at $116, the token has grappled with reclaiming its upward trajectory. Presently, the Bollinger Bands are meandering sideways, indicating a phase of consolidation.

This phase often suggests market uncertainty, where neither bulls nor bears have taken decisive control. Such conditions can precede a breakout, with the token possibly moving sharply in either direction once a new trend establishes itself.

Terra Classic (LUNC) Price Analysis – Relative Strength Index
Complementing this, the Relative Strength Index (RSI) tells a similar story. After a steep decline from overbought levels, the RSI has been moving horizontally, indicating a state of indecision. Positioned in the oversold region at 33.72, the RSI suggests that the market could be approaching a point of exhaustion in its selling pressure.

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Bitcoin reaches $55k as exchange net flows plunge

by Crypto News

Bitcoin has made a notable return to the significant $55,000 level, capturing the attention of investors and analysts alike. This resurgence occurs despite a decline in on-chain activity on various exchanges, indicating a complex market environment.

In the past 24 hours, Bitcoin has experienced a rise of 0.9%, with its value currently at $55,000. The premier cryptocurrency briefly fell to an intraday low of $53,650 on September 8, amid dominant bearish sentiment that cast a shadow over the broader crypto market. This dip was a momentary setback in an otherwise volatile trading period for Bitcoin.

Moreover, Bitcoin’s daily trading volume has soared by 33%, reaching an impressive $22 billion. This increase in trading volume signals heightened investor interest and activity, even as market dynamics remain unpredictable.

According to data from Santiment, a well-regarded analytics platform, Bitcoin experienced a daily exchange inflow of 68,470 BTC on September 7, before it took a sharp dive below the $54,000 mark. Over the subsequent two days, there was a significant 68% reduction in the asset’s inflows, currently standing at 21,742 BTC. This decline in inflows highlights a shift in market behavior, possibly indicating a cautious approach by investors.

Similarly, the number of Bitcoins exiting exchanges has also seen a notable decrease of 65% during the same timeframe, dropping from 65,847 to 22,802 BTC. This reduction suggests that traders might be holding onto their assets rather than moving them to exchanges for selling, reflecting uncertainty or a strategic move to wait for more favorable conditions.

At this juncture, Bitcoin is witnessing an exchange net outflow of 1,060 BTC, valued at over $583 million at the time of reporting. This net outflow could be interpreted as a bullish signal, as it often indicates that investors are moving their holdings to cold storage, anticipating a price increase.

Despite the surge past the $55,000 threshold, Bitcoin’s Relative Strength Index (RSI) remains at 35, according to Santiment’s data. The RSI is a momentum indicator used in technical analysis, and a reading of 35 suggests that the flagship cryptocurrency is still oversold. This oversold condition may be attributed to the recent market-wide selloff, which has affected various digital assets.

A report from target technology highlights that spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a net outflow of $706 million last week. This substantial outflow has contributed to a stronger bearish momentum for Bitcoin, amidst increasing FUD (fear, uncertainty, and doubt) within the market. The outflow from ETFs indicates a lack of confidence among institutional investors, which can have a ripple effect on market sentiment.

In the political sphere, the crypto community has voiced criticism towards a recent letter from the Biden-Harris administration. Members of the decentralized community have expressed frustration, perceiving a lack of genuine commitment to addressing cryptocurrency issues. This sentiment reflects broader concerns about regulatory clarity and support for digital currencies.

One user on the platform X pointed out that Vice President Kamala Harris had not addressed cryptocurrency publicly, adding that the actions of her colleagues did not convey a supportive attitude towards the industry. Another user accused the Biden-Harris administration of using crypto-related events as opportunities for political donations without any real intention of engaging meaningfully with the technology or community.

Despite this backdrop, Harris’s campaign continues to accept crypto donations through Coinbase, a leading cryptocurrency exchange. However, her official campaign website notably lacks any mention of digital assets, cryptocurrency, or blockchain technology, aligning with the Biden administration’s generally cautious approach to the subject.

Interestingly, Harris has garnered backing from prominent pro-crypto Democrats, including billionaire investor Mark Cuban and Ripple co-founder Chris Larsen. Both figures are key players in the “Crypto4Harris” campaign, which seeks to rally support from the crypto community. Yet, Harris faces challenges in maintaining enthusiasm among Polymarket users—where prediction markets suggest her Republican rival, Donald Trump, might have an edge.

The ongoing developments in Bitcoin’s market performance and the political discourse around cryptocurrency underscore the complexity of navigating this evolving landscape. Investors remain vigilant, balancing optimism with caution as they interpret market signals and regulatory developments.

In conclusion, Bitcoin’s resilience at the $55,000 level amidst declining exchange activity and political scrutiny illustrates the multifaceted nature of the cryptocurrency world. As the market continues to mature, stakeholders from individual traders to institutional investors and policymakers will play crucial roles in shaping its future trajectory. The path forward for Bitcoin and the broader crypto ecosystem remains uncertain yet full of potential, driven by technological innovation, market dynamics, and regulatory shifts.