We have some bullish crypto news to talk about in the crypto market today. So, everything you need to know about the crypto market today. We’re going to cover and on top of that we’re also going to be taking a look at the latest numbers for Luna classic. I’m also going to have a breakdown of the price so what would be the next catalyst for this price to go up. That is what we’re gonna be breaking down.
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The crypto market is looking good today, so you can see the gains in the green, so anytime we get this green moon rises these green crypto bubbles. We want to celebrate that so a lot of the crypto market is up. If you hold other cryptos in addition to Luna classic let me know in the comment section below. What are your top three crypto holdings, drop them in the comment section below and let’s get into some big news. Why is the crypto market going up right now and I have been telling you.
We’ve been predicting this. I’ve said to you when the stock market goes up. What you’re going to see is some rallies in the crypto price so what you are seeing is some bullish momentum in the stock market right now and this is flowing into the crypto market. S, you can see it right here stock futures rise following Dow rally better than expected Netflix earnings. So, we’re experiencing a little bit of a bull run in the US stock market in the global stock market currently in the last week or so. This is trickling through to the crypto market. So, that is why the broader crypto prices are going up. We also have this bullish news as well. So, UFC fighter will receive a full salary in bitcoin shrugs off crypto market volatility.
If you’ve got diamond hands for cryptocurrency if this crypto you’re gonna hold for multiple years. You’re probably not gonna be worried about the volatility right now in the crypto space. It’s good to see big ufc fighters coming onto the scene. This one’s coming out of Brazil right here. They’re going to take their salary in bitcoin for the long term right there CZ of Binance says keep building. Michael Saylor says bitcoin is digital energy and we also have this big update. It’s actually coming out of the fcc in the usa and they’re saying TikTok is an unacceptable security risk and should be removed from app stores and that’s coming from the federal communications commission out of the US. They’re calling on apple and google to remove it because there’s lots of security lots of information tracking lots of data tracking potentially is a link to the CCP and you always want to stay safe in the crypto space. Let’s get on to some big updates for Luna classic. Let’s break down some of the price movements in Luna classic currently where we are up to for the burn.
we are up to 1.255 billion and uh that is good to see what else we’re seeing we are also seeing track terror now supporting both lunar 2.0 and lunar classic so that is good to see and what do these guys do it says right here export your terror transactions to convenient and tax friendly formats so that is pretty handy and what’s happening right now with lunar classic is that you guys can see the community is very strong over on twitter i’ve seen luna classic trend multiple times there’s a lot of community interest in this cryptocurrency so much to the extent of check out this highest social dominance in the last seven days check it out luna classic number one so it’s really outperforming a lot of the other cryptos out there and uh that is cool so luna classic number one crow number two tara luna the original terra luna 2.0 number three adam number four juno number five secret number six carver cosmos an mco right there anytime in crypto if your crypto is uh dominating the social media charts that is good so what does social media do guys it increases that brand awareness for the cryptocurrency so if we check out the price of luna classic.
We’re also going to check out the other crypto prices. After we do this analysis of Luna classic. But, what we can see right now is we’re seeing some consolidation around this 0.0001 level. To some degree, I do think this is actually a bullish pattern forming for this cryptocurrency because you know not many people are selling off right now. People are kind of waiting and I feel like it’s a bit of a coil. Potentially is it ready to explode in price is that a bullish factor. We’re seeing right here and so what is going to be the next imminent catalyst for Luna classic i think the next imminent catalyst will be for the terror rebels team you guys know we want this 1.2 percent to burn on chain asap. So, once we get that on chain asap I think there’s going to be potentially some price movement for this crypto. Then the second thing that’s going to cause some catalyst in this cryptocurrency. What we’re seeing right here – we need more ecosystem development.
So, this is good so track Terra coming onto Luna classic right here. We want to see all those other ecosystem partners coming to Luna classic once the 1.2 burners up. Then once they start to charge that 1.2 burn. In terms of transactions that go through on the ecosystem that is going to be another price catalyst. I think for Luna classic and then on top of that. The biggest price catalyst of them all imminently. If this one depends on the time horizon for when this comes online. It’s easier to Binance. So, we want CZ of Binance to implement that 1.2 burn on the Binance centralized exchange. So, I think Binance will have a big impact. If that happens so there are a lot of variables up for grabs. We want the development of the Luna classic ecosystem as soon as possible so as soon as they can do it that would be great in the meantime. What you are seeing is you are seeing the Terra Luna classic community staying pretty strong.
In my opinion, you can see the social media dominance which is really good to see. But, in my opinion, it’ll be interesting to see what happens with that development on chain. Then, we can analyze the price movements once that happens. So, I’m always a believer in cryptocurrency what kind of moves prices is action so things need to get achieved milestones need to get achieved, and on top of that. If you guys want to know the big picture of why the crypto prices go up. You look at the stock market you look at the macro factors that we’ve been talking about predicting about on the channel right there. What else the crypto price is doing today. So, you can see right here a lot of the crypto prices. They’re in the green today, so flow is up 21 atom is up 8.6 engine is up 14.3, so cool gaming slash metaverse coin right there. Waves is up and a lot of the cryptos are basically pumping up in price. So, some bullish movements in the crypto prices.
You can see right here on the bitcoin chart. So, I’ve pulled up the bitcoin chart and this is impacting Luna classic a lot of the altcoins as well. You can see right here 13th of July. We had a bit of a low so it was around 18.6 000. But, we are seeing some really nice legs up in the crypto space. You can see another higher low and you’ve seen a recent all-time high. It’s actually went above 23 000. So, that got up to where is that. That is around 23 800 so guys we are kind of crushing it in the crypto space right now some bullish recovery in the crypto prices. You always have to factor in as well crypto is a long-term journey. So, bitcoin long-term journey altcoins a lot of them will be long-term journeys. You can also go on for high-reward high-risk Meme coins as well or other types of cryptos there are. They can be short-term players as well. So, there’s a lot of variables in the crypto market, but a good old-fashioned buy and hold for the long term is a good strategy – in my opinion.
This article is a transcription of a video made by Crypto ZEUS
Original video: https://youtu.be/Tm1xV5XGay4