ThunderCore (TT) Sees 10% Increase in Value
ThunderCore (TT) has experienced significant growth in the crypto market, with its value rising by over 10% in the past 24 hours. The token is currently trading at $0.0051, with a trading volume of $129 million, marking an 88% increase.
With a market capitalization of $53 million, ThunderCore ranks #346 among other cryptocurrencies. The network has a total supply of 10,404,419,540 TTs in circulation.
ThunderCore’s Bullish Technical Outlook
After rebounding from support at $0.0031, ThunderCore’s technical outlook turned bullish. The token successfully reclaimed the 50-day and 100-day Exponential Moving Averages (EMAs), turning them into immediate support levels.
This momentum propelled the price above the resistance at $0.0039, surpassing the seller congestion at that level. As a result, TT reached its September high at $0.0052.
Indicators Support Further Uptrend
The Moving Average Convergence Divergence (MACD) indicator suggests that ThunderCore’s uptrend could continue beyond the next resistance at $0.0055. The MACD line crossed above the signal line on September 13, signaling a buy opportunity.
The Directional Moving Index (DMI) also indicates a steady uptrend for ThunderCore. The +DI line is above the -DI line, indicating a strong upward trend.
A golden cross pattern on the daily chart further confirms the bullish sentiment. Additionally, another golden cross pattern is expected to occur soon with the 50-day EMA crossing above the 200-day EMA.
Driving Factors Behind ThunderCore’s Price Increase
ThunderCore’s focus on Web3 products, particularly in supporting DeFi, gaming, and the metaverse, has contributed to its success. The protocol consistently ranks among the projects with the highest total value locked on SushiSwap.
Recent data shows that ThunderCore has accounted for over 20% of the TVL on SushiSwap, indicating growing demand for TT and driving its value higher.
Fact check🥂
More than 20% of #TVL on @SushiSwap V3 are from #ThunderCore!
Proudly supporting the #DeFi space with ThunderCore and $TT.
We’re leading the way! pic.twitter.com/oofMWyXBp0
— ThunderCore Official ⚡️ (@ThunderCoreLab) September 22, 2023
ThunderCore’s Achievements and Collaborations
ThunderCore has been actively working towards its goal of supporting DeFi initiatives and network development. In their half-year review for 2023, the team highlighted major achievements and partnerships that have contributed to ThunderCore’s success.
The protocol collaborated with MetaFab to empower GameFi, bridging the gap between blockchain and gaming and enabling gasless transactions. Additionally, ThunderCore partnered with Crew3 to incentivize newcomers through the Crew3 Quest Campaign, promoting engagement within the community.
Collaborations with industry leaders like SushiSwap and Algebra Protocol have solidified ThunderCore’s position as an innovative hub for DeFi solutions and interoperability.
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Hot Take: ThunderCore’s Growth and Future Potential
ThunderCore has experienced significant growth in the crypto market, driven by its focus on Web3 products and partnerships within the DeFi space. The token’s technical outlook is bullish, with indicators suggesting further upward movement.
The protocol’s achievements and collaborations have positioned ThunderCore as an innovative hub within the blockchain industry. Additionally, Bitcoin Minetrix offers an alternative investment opportunity for those interested in mining Bitcoin through a secure cloud mining process.
Overall, ThunderCore’s success and future potential make it an intriguing option for crypto investors seeking growth opportunities.
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