Terra Classic (LUNC) Price Bearish Amid Increased Trading Volume
On September 4th, developer Vinh Nguyen, part of the L1 Terra Classic Task Force (L1TF), announced X. Nguyen noted that the v2.2.1 core upgrade is currently open for voting. The dedicated L1TF developer team will upgrade the chain at a block height of 14,514,000.
This upgrade is projected to take place around 14:15 UTC on September 12th. Following the news, Terra ecosystem tokens including Terra Classic have seen their trading volume skyrocket. According to CoinMarketCap, the LUNC Classic trading volume has increased by 110.30%.
Despite most metrics pointing towards a bullish performance, the price of Terra Classic is still bearish at $0.00006084. The Terra Classic price shows bearish signals on the daily and weekly charts and could drop below the $0.0000600 level.
Will Floki (FLOKI) Recover From Bearish Cycle?
Although investors have high expectations for a Floki boom, the coin has consistently declined. This trend becomes evident when examining the monthly timeframe analysis. Floki is showing losses of 24.8% on the monthly chart and 6.1% on the 14-day chart.
As a result, the price of Floki inu has been pulled below the $0.000020 region. This has led to the price of the Floki coin dropping to the $0.000016940 level.
Currently, the RSI value is at 30.07, indicating that the FLOKI market is neutral. Meanwhile, investors are still bullish on Floki given its project roadmap for 2023.
Pomerdoge (POMD), Best Low-Budget DeFi Coin for Investors
Pomerdoge (POMD) has taken the lead over Floki and Terra Classic, showcasing a bullish price trajectory. This upward price movement has garnered considerable attention from investors in the crypto community. Remarkably, the project has managed to sell almost 200 million tokens.
Find out more about the Pomerdoge (POMD) Presale Today: