Why has LUNC become popular? The events behind the price surge
#下一个换谁涨? Let's talk about the key points, and the happenings in the market
Latest price of lunch money (LUNC):
0.00016145, up by 10.97%!
Recent happenings with LUNC
After burning 3.1 billion tokens, the price of LUNC skyrocketed by 30%! This is still against the backdrop of a rising cryptocurrency market, drawing investors' attention back.
Here's the key point
Why is burning tokens so effective? After the burn, the circulation of LUNC decreased from 6.51 trillion to 5.52 trillion. With fewer tokens, it naturally becomes more valuable!
How much was burned?
From May 13, 2022, until now, a total of 39.284 billion LUNC have been burned. This number is significant and has a huge impact on supply.
How's the price moving?
The current price of LUNC is $0.0001631, and when the US market opens, it has risen by 30%! It's close to hitting a resistance level of $0.000163. If it breaks through, who knows, it might reach $0.001!
What do the technical indicators say?
RSI is at 78, indicating overbought territory, so caution is advised; a pullback could happen at any time. As for MACD, it shows an upward trend, and many people are buying.
What do people think?
With the token burn and a good market, everyone believes LUNC can continue to rise, full of confidence.
How far can it rise?
If this momentum can be maintained, experts say reaching $0.001 is not a dream for LUNC.
Q&A
Why has LUNC risen recently?
3.1 billion tokens were burned, reducing supply, which pushed the price up.
How much LUNC has been burned?
Since May 13, 2022, 39.284 billion tokens have been burned.
What is the current circulation?
5.52 trillion tokens, which is less than the previous 6.51 trillion.
Summary
This wave of operations for LUNC, where the price rose after the token burn, has attracted attention again. The supply is continuously decreasing, and market conditions are quite favorable, so the price may continue to rise. However, the technical indicators show it's overbought, so traders should be careful, as volatility could happen at any moment.
#ETH持续飙升 As for the next strategic direction, I will guide you all to aim for the lucrative opportunities in altcoins, especially those with great potential. An expected growth of over 10 times is not an issue. If you want to make big money in a bull market, like + leave a message, and I will take you through the entire bull market!