The crypto market is emerging fresh from its crypto winter. BTC is leading the race as a dominant token. Last seen, BTC inched closer to the $41k mark. Other tokens that have picked up momentum are LUNC, which is Luna Classic, and PEPE. The rise is largely credited to some of the notable developments. These are probably approvals of Spot Bitcoin ETF applications and Bitcoin halving in the middle of 2024.
Another factor is the industry leaving behind the FTX scandal. That hit as hard as it could with the fall of Sam Bankman-Fried.
Now, the cryptosphere is back in business to fetch the desired results for its holders. Having said that, it is noteworthy that the number of long-term holders is rising amid sentiments of accumulation. Tokens would be sold after they inch closer to their ATH. There is also a possibility that cryptocurrencies may surpass their peak by the end of 2024.
To begin, the dominant token, BTC, is currently trading at $41,679.76 at the time of writing this article. This represents a ~5.85% increase in the last 24 hours. It is an 11.59% increase in the last 7 days and a staggering 19.82% increase in the last 30 days. Taking into account its halving in the second factor, which is anticipated to amplify positive sentiments, Bitcoin must be the token that is most directly affected by the bull run. The first is the Commission’s approval of applications.
Bitcoin is also seeing a rise in its Market Cap and 24-hour volume. The upward trajectory is 5.76% and 68.28%, respectively.
The only thing Pepe needs is its proximity to the $1 mark. While articulating this piece, the token’s value is shown as $0.000000000244. This represents an 8.13% increase in the last 24 hours. However, it reflects a dip of 11.09% in the last 7 days and 22.61% in the last 30 days. Pepe coin price prediction estimates that the token has the potential to end in 2023 at $0.0000023. Assuming this optimistic run is carried forward to the next, PEPE may end in 2024 at $0.0000032.
Its market cap remained constant, but the 24-hour volume is up by 83.27%, touching the mark of $3,855. Terra Classic is one of the biggest gainers in the last 24 hours. Terra Classic has experienced a 61.64% increase in value in the last 24 hours, currently trading at $0.0002622. Notably, the value has surged by 120.89% in the last 7 days, surpassing the 100% milestone as of the time of writing this article.
A similar bull run for LUNC is evident in market cap and 24-hour volume, with a rise of 63.96% and 230.98%, respectively.
BTC, PEPE, and LUNC have gained value in recent times. While Pepe is pretty new to the trend, the remaining tokens are accelerating at a faster pace.
Source: https://www.cryptonewsz.com/btc-lunc-and-pepe-rise-considerably/