Why USTC Could See a 333% Surge, According to Expert
An analyst predicts a potential 333% surge for USTC, driven by recent breakout trends and community efforts to reduce supply. The Terra Luna Classic ecosystem sees significant advancements, including the Tax2Gas update and ongoing token burns, fueling optimism. In a tweet, popular analyst Javon Marks expressed his bullish stance on the USTC coin, forecasting a [...]
- An analyst predicts a potential 333% surge for USTC, driven by recent breakout trends and community efforts to reduce supply.
- The Terra Luna Classic ecosystem sees significant advancements, including the Tax2Gas update and ongoing token burns, fueling optimism.
In a tweet, popular analyst Javon Marks expressed his bullish stance on the USTC coin, forecasting a significant increase. Marks emphasized that USTC might soon reach $0.081, claiming that this surge is “of pure imminence” because the token has successfully broken out of many resistive trends, both larger and smaller.
If this estimate is correct, USTC might suffer a staggering 333% increase at any time, perhaps forcing prices to skyrocket.
A $USTC climb to the ≈$0.081 level's looking to be of pure imminence as prices are holding broken out of multiple resisting trends, one larger and one smaller!
With this being, an over 333% climb to this level can happen in any moment, and prices may move at an insane speed…… https://t.co/rlF3cqd37m pic.twitter.com/RzOc8Yukxi
— JAVON
MARKS (@JavonTM1) September 23, 2024
Community Efforts and Burn Initiatives Drive LUNC and USTC Momentum
At the time of writing, the USTC token was trading at $0.01828, up 10.87% over the last 7 days, with a daily volume of $7.05 million. This increase in USTC’s price correlates with many recent changes inside the Terra Luna Classic ecosystem, which have reignited interest in both LUNC and USTC.
Beside that, as we previously noted, one of the most significant recent actions by the LUNC community was the burn of 726 million USTC tokens from the Anchor Protocol. This measure, which aimed to cut overall token supply, has raised the prospect of a price increase despite the minimal trading volume.
Such community-driven activities are critical to propelling the ecosystem ahead because they indicate a collaborative effort to stabilize and increase the value of USTC and LUNC.
Furthermore, suggestions about raising the burn tax to 1.5% could accelerate token burn rates, thereby supporting long-term staking benefits inside the Terra Luna Classic ecosystem.
Beside that, significant progress has been made in the Terra Luna Classic network’s development. According to CNF, the principal developer of Terra Luna Classic has made significant progress on the much-anticipated Tax2Gas update.
Testing is presently occurring prior to the final release, indicating a step improvement in the network’s efficiency. This upgrade is intended to automate burndown tax computations, making the process easier for developers administering decentralized apps (dApps) on the Terra Luna Classic network.
What's Your Reaction?
