{"id":604893,"date":"2024-11-27T07:33:28","date_gmt":"2024-11-27T07:33:28","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=604893"},"modified":"2024-11-27T07:33:28","modified_gmt":"2024-11-27T07:33:28","slug":"tornado-cash-price-prediction-torn-surges-455-after-judge-says-ofac-overstepped-in-tornado-cash-case-while-investors-flock-to-this-meme-coin-with-661-staking-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/tornado-cash-price-prediction-torn-surges-455-after-judge-says-ofac-overstepped-in-tornado-cash-case-while-investors-flock-to-this-meme-coin-with-661-staking-apy","title":{"rendered":"Tornado Cash Price Prediction: TORN Surges 455% After Judge Says OFAC \u201cOverstepped\u201d In Tornado Cash Case, While Investors Flock To This Meme Coin With 661% Staking APY"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Tornado Cash price surged 455% in the last 24 hours to trade at $18.50 as of 11:54 p.m. EST on trading volume that skyrocketed 9,592% to $9.6 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes after a three-judge panel found the US Treasury Department&rsquo;s sanctions against the crypto mixer&rsquo;s immutable smart contracts were unlawful.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Fifth Circuit Court&rsquo;s panel ruled that the Office of Foreign Assets Control (OFAC) exceeded its authority in sanctioning TORN&rsquo;s immutable smart contracts.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ Today, the U.S. Court of Appeals for the Fifth Circuit ruled in the Tornado Cash case brought by users of the software (Van Loon v. Treasury), finding &ldquo;immutable smart contracts (lines of privacy-enabling software code) are not the &lsquo;property&rsquo; of a foreign national or entity.&rdquo; <a href=\"https:\/\/t.co\/G0vkoYzt8O\">https:\/\/t.co\/G0vkoYzt8O<\/a><\/p>\n<p>&mdash; Blockchain Association (@BlockchainAssn) <a href=\"https:\/\/twitter.com\/BlockchainAssn\/status\/1861560846305919241?ref_src=twsrc%5Etfw\">November 27, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Tornado Cash Price On A Sustained Rally<\/h2>\n<p><span style=\"font-weight: 400;\">The Tornado Cash price has surged significantly (455% upward movement) from a base level near $3&ndash;$4. This reflects massive buying pressure, likely due to the news of the ruling. The sharp spike is accompanied by a large green candle, often indicative of market euphoria or short squeezes, according to <\/span><a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0x0c722a487876989af8a05fffb6e32e45cc23fb3a\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\"> data.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the current price of Tornado Cash is far above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming an extremely overbought condition in the short term.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) value is extremely overbought, currently at 97. An RSI near 100 suggests the price is highly extended, and a correction or consolidation could be imminent as buyers exhaust their momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line crossing above the Signal line. This suggests ongoing upward momentum. However, the steep rise indicates an unsustainable trend that might reverse quickly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If buying momentum continues, the Tornado Cash price could soar, with the bulls targeting prices above the $25 zone.<\/span><\/p>\n<figure id=\"attachment_604894\" aria-describedby=\"caption-attachment-604894\" style=\"width: 1281px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-604894\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V2-_GeckoTerminal.com_TORN_2024-11-27_07-54-05.png\" alt=\"Tornado Cash Price Chart Analysis Source: GeckoTerminal\" width=\"1281\" height=\"476\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V2-_GeckoTerminal.com_TORN_2024-11-27_07-54-05.png 1281w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V2-_GeckoTerminal.com_TORN_2024-11-27_07-54-05-300x111.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V2-_GeckoTerminal.com_TORN_2024-11-27_07-54-05-1024x381.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/11\/Uniswap-V2-_GeckoTerminal.com_TORN_2024-11-27_07-54-05-768x285.png 768w\" sizes=\"(max-width: 1281px) 100vw, 1281px\"><figcaption id=\"caption-attachment-604894\" class=\"wp-caption-text\">TORNUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, if the bears take advantage of the now oversold conditions of the price of Tornado Cash, TORN could plunge back, with potential support zones at $15 and $10.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the Tornado Cash price soars, investors looking for new opportunities are also piling into a new meme coin ICO called<\/span> <a href=\"https:\/\/insidebitcoins.com\/visit\/flockerz\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Flockerz (FLOCK)<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It has raised over $3.4 million in its presale and offers a stratospheric annual percentage yield (APY) of 661% on staked FLOCK tokens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to ClayBro, a prominent crypto analyst on YouTube with over 131k subscribers, FLOCK is set to have massive gains after its launch.&nbsp;<\/span><\/p>\n<p><iframe title=\"Flockerz Token Set To See Major Gains Launching Into Massive Bull Market!\" width=\"640\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/3VhTbeJKV0E?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><b>Flockerz Presale &ndash; Best Crypto To Buy Now?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Flockerz is a community-controlled meme coin powered by its unique Vote-to-Earn (V2E) incentive mechanism. Holders of $FLOCK can earn additional tokens by participating in key decision-making processes that shape the project&rsquo;s future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The underlying framework of Flockerz is anchored in a decentralized autonomous organization (DAO) called Flocktopia, where every holder&rsquo;s voice matters. In this way, $FLOCK holders have a say in critical decisions such as protocol changes, budget allocations, adjustments to tokenomics, grant approvals, investment strategies, and so on.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The flock is flying high! We&rsquo;ve officially crossed $300K! <a href=\"https:\/\/t.co\/MsLc5PeoyX\">pic.twitter.com\/MsLc5PeoyX<\/a><\/p>\n<p>&mdash; Flockerz (@FlockerzToken) <a href=\"https:\/\/twitter.com\/FlockerzToken\/status\/1840049282889724227?ref_src=twsrc%5Etfw\">September 28, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Investors interested in joining the presale can visit the official Flockerz website to<\/span> <a href=\"https:\/\/insidebitcoins.com\/visit\/flockerz\" rel=\"nofollow\"><span style=\"font-weight: 400;\">buy FLOCK tokens<\/span><\/a><span style=\"font-weight: 400;\"> at the current price of $0.0061504 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy before a price hike in slightly more than 1 day to secure the best deal.<\/span><\/p>\n<h2>Related News<\/h2>\n<div class=\"post-details2\">\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/peter-schiff-sparks-debate-over-bitcoins-impact-on-americas-economic-strength\"><span style=\"font-weight: 400;\">Peter Schiff Sparks Debate Over Bitcoin&rsquo;s Impact on US Economic Strength<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/top-trending-cryptos-on-solana-chain-today-rizzmas-fwog-purple-pepe\"><span style=\"font-weight: 400;\">Top Trending Cryptos on Solana Chain &ndash; Rizzmas, Fwog, Purple Pepe<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-right-now-november-26-ecash-core-ethereum-classic\"><span style=\"font-weight: 400;\">Best Cryptos to Buy Right Now &ndash; eCash, Core, Ethereum Classic<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                   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href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":432685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-604893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tornado Price Surges 455% After Judge Says OFAC \u201cOverstepped&#039;&#039;<\/title>\n<meta name=\"description\" content=\"Tornado Cash price surged 455% after a judge said OFAC overstepped by imposing sanctions on the mixer, and investors flock to this meme coin.\" \/>\n<meta name=\"robots\" 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