#Taking a break meme upgrade
#Taking a break meme full

Wall Street Memes Token Hits $4 Million in Presale – Next Big Meme Coin? With LUNC currently trading at $0.0000973, a bull rally to $1 seems impossible any time soon. TradingView gives a Sell signal to the token in the weekly time frame which deteriorates to Strong Sell when considering the moving average indicators. The technical analysis of the token also shows that yesterday’s rally was an anomaly. However, Terra’s price correction shows that the token still has a long way to go before it receives any sustainable traction. In the last 24 hours, close to $130,000,000 million was invested in LUNC.

#Taking a break meme upgrade

To an extent, the proposed upgrade has even been successful in garnering some positive sentiment. This proposal is considered to be a crucial step in restarting developer activity on the chain and restoring investor confidence in the token after the Terra LUNA crash of May 2022. Yesterday’s rally can be attributed to the release of the latest V2.1.0 parity upgrade proposal, which will bring the Terra Classic chain to parity with other blockchains such as Terra 2.0.

After a strong bull rally that saw LUNC prices explode over 25%, the token has now corrected 5% in the last hour itself.

#Taking a break meme full

Terra Classic is facing an even more difficult time as bears have taken full control of the token. TradingView, a technical analysis platform, gives $DOGE a Strong Sell signal in the daily time frame. A technical analysis of the token confirms as much since it is underperforming with almost every moving average indicator. Price prediction platform WalletInvestor clearly states that the token price will not reach the $1 mark. If the lawsuit is indeed successful, it can be catastrophic for the token in the long run. The complainants claim that Musk invested $124 million in Dogecoin when he changed the Twitter logo to the Doge symbol. The token’s troubles do not stop there as its biggest supporter, Tesla CEO Elon Musk, has been sued for insider trading and $DOGE price manipulation. Dogecoin is currently trading at $0.0717 with a market capitalization of over $10 Billion. This brings the token’s weekly losses to 2.5%. As crypto prices plummeted over the last 24 hours due to the pre-FOMC correction, Doge slid over 1.5% as well.

While alternative tokens such as Pepe displayed 8000x growth, $DOGE continues to trade 90% below its all-time high of $0.731.ĭespite being the third-most-popular crypto token in the United States, Dogecoin has been unable to break its correlation with the overall market. Dogecoin & Terra Classic Struggle To Break Correlation to Bitcoin as Price Plummetsĭespite the raging meme coin mania, the largest meme token – Dogecoin – continues to disappoint investors with its lack of volatility. Let’s take a look at why traders are backing these new tokens to outperform the likes of DOGE and LUNC. They are already being regarded as the next big thing in the meme coin market given their exciting performance during their presales. While Doge and LUNC spell doom and gloom, investors are already swarming to two other newly launched meme coins – Wall Street Memes ($WSM) and AiDoge ($AI). Analysts remain concerned whether Terra Classic will ever regain its former glory in the eyes of investors. Similarly, after a strong performance by Terra Classic on Sunday, where it pumped more than 30% in a matter of hours, the token faced a major correction on Monday.