ThunderCore Price Soars 10% - Can It Go Higher?

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ThunderCore (TT) has secured a spot among the top gainers in the crypto market, with its value rising by more than 10% in the last 24 hours. According to CoinMarketCap, TT is trading at $0.0051, with its trading volume increasing by 88% to $129 million.

The EVM-compatible token currently boasts $53 million in market capitalization and ranks #346 among other cryptos. There are 10,404,419,540 TTs in circulation, making the network’s total supply.

How Far Can ThunderCore Uptrend Go?

ThunderCore’s technical outlook turned bullish following the token’s rebound from support at $0.0031. There was a fierce tug-of-war between bulls and bears between this support and the resistance at $0.0039.

However, after TT reclaimed the 50-day Exponential Moving Average (EMA) (red) and the 100-day EMA (blue), turning them into immediate support levels, momentum rallied behind the metaverse gaming token, which propelled the price above the hurdle at $0.0039.

Rising above the seller congestion at $0.0039 – a confluence level formed by the 200-day EMA (purple) and the descending multi-month trendline boosted TT to its prevailing September high at $0.0052.

Thundercore price chart — TT/USD daily chart | Tradingview

The Moving Average Convergence Divergence (MACD) indicator upholds the bullish outlook and hints at the uptrend reaching levels higher than the next resistance at $0.0055. The buy signal appeared around September 13, with the blue MACD line crossing above the red signal line. Traders are inclined to continue buying TT unless the trend in the MACD changes.

Based on the Directional Moving Index (DMI), ThunderCore’s uptrend is steady. This indicator measures the strength and direction of a trend, either up or down. A stronger uptrend is represented by the +DI, creating a gap above the -DI line.

A golden cross pattern on the same daily chart affirms the bullish grip. This pattern appears when a short-term moving average like the 50-day EMA moves above a long-term moving average like the 100-day EMA.

Another incoming golden cross pattern is bound to occur with the 50-day EMA crossing above the 200-day EMA.

What’s Driving ThunderCore Price Uptrend

ThunderCore focus on Web3 products, supporting DeFi, gaming, and the metaverse has set the protocol on a path to success. The protocol often comes top among crypto projects with the highest total value locked on SushiSwap.

On several occasions this month, ThunderCore has accounted for over 20% of the TVL on the decentralized exchange. This goes a long way to say that demand for TT is growing and is driving the token’s 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

Network development and the commitment to support DeFi initiatives are top among the protocol’s goals both in the short-term and long-term. In the half-year review for 2023, the team outlined major achievements and strides it has been making towards realizing this goal.

“As we reach the midway point of 2023, it is the perfect time to reflect on the remarkable journey that ThunderCore has embarked upon,” the team said in the review released on September 22. ThunderCore has been at the forefront of blockchain innovation, from ground-breaking partnerships to technical upgrades.

ThunderCore joined forces with MetaFab to empower GameFi, which opened new opportunities in game development, bridged the gap between blockchain and gaming, achieved gasless transactions, and provided access to managed wallets.

Its collaboration with Crew3 birthed the Crew3 Quest Campaign to incentivize newcomers to explore the ThunderCore ecosystem. Participants were awarded TT tokens and XP rewards, encouraging community engagement and knowledge expansion.

ThunderCore’s “collaborations with industry leaders like SushiSwap and Algebra Protocol have positioned the company as an innovative hub for DeFi solutions and pioneering interoperability within the space.”

ThunderCore Alternative to Buy – Bitcoin Minetrix

Investors interested in diversifying their crypto portfolios should consider investing in presale tokens like Bitcoin Minetrix, which offers an excellent and affordable way to mine Bitcoin.

This new project takes passive income to a whole new level by supporting a new idea called Stake-to-Mine.

Welcome to #BitcoinMinetrix! 🪙

Decentralized $BTC mining made simple. We're revolutionizing cloud mining with $BTCMTX tokens, ensuring security and transparency.

Making it easier than ever. pic.twitter.com/iZPJN5GO8O

— Bitcoinminetrix (@bitcoinminetrix) September 26, 2023

Bitcoin mining is capital-intensive, which locks out many interested investors. However, this is not true for Bitcoin Minetrx since the network embraces a safe cloud mining process. It gets even better because the project is tokenizing cloud mining.

In other words, “Users can buy BTCMTX tokens during the presale or after on DEX/CEX tokens which can then be Staked to Mine Bitcoin.”

Cloud mining Bitcoin via the stake-to-mine approach ensures that holders of the BTCMTX token can earn passively and interact with the protocol without worrying about their security.

At the moment, investors can buy BTCMTX tokens in a presale that seeks to raise at least $15 million. One BTCMTX sells for $0.011 and can be bought using ETH or USDT. With a total supply of 4 billion tokens, 70% is available for presale purchase, while 12.5% has been set aside to cater to staking rewards.

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