Why ZEC, CC, FLOKI, and LUNC Prices Are Pumping Today?

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Coingapestaff

Coingapestaff

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Why ZEC, CC, FLOKI, and LUNC Prices Are Pumping Today?

Highlights

  • ZEC, CC, FLOKI, and LUNC have seen a strong surge amid market consolidation
  • CC token breaks resistance, signaling further growth towards $0.10.
  • LUNC price rises amid community vote on significant network upgrade.

ZEC, CC, FLOKI, and LUNC have become top gainers in the crypto market over the last 24 hours. This comes despite a slight consolidation in the broader market. 

The total crypto market was falling by 1.1%, yet these altcoins reported strong performance. In the meantime, the leading assets such as BTC, ETH, and SOL are trading above the line of support.

Let’s uncover why these top altcoins are pumping.

ZEC Price Soars 20% in 24 Hours, Eyes $500 Resistance

Zcash (ZEC) price surged to $414, reflecting a 20% rise in 24 hours and nearly 30% weekly. The technical signs indicate a sharp increase, and the strong support is at $400. This is an increasing trend after a proposal to streamline the system of fees within the network.

Developers are also thinking of substituting the fixed fee with a dynamic system of a median cost. The aim of this change is to meet the increased demand and market changes. In case ZEC is able to break above the price of $410, it may break up to the level of $500, which is one of the psychological levels.

Canton Price Surges Towards $0.10 Resistance

Canton, $CC token, has been on a strong trend with the current price of $0.07267, that indicates an increase of 10% in the past 24 hours. This spurt is a gain of 17% and this is better than the general cryptocurrency market.

The upsurge can be explained by the increase in the demand and optimistic volume of trade, indicating a change in the interest of investors.

The token has recently overcome its resistance of $0.065 and is at the verge of gaining to the level of 0.10, which is a key level to achieve further growth. Following three days of recovery, which saw a 15% rise, $CC escaped a falling pattern of channels on its 4-hour chart.

Liquidity in the key exchanges has been enhanced, and the order flow is more balanced, which means that there is a possibility of the further upward trend.

FLOKI Price Surges Following European ETP Launch

ZEC, CC, FLOKI, and LUNC: FLOKI price rose to $0.00004913, reflecting a 5% increase over the past 24 hours. The volume of trading increased 110%, to reach at $101.75 million.

This is after the introduction of the first FLOKI ETP in Europe, which increased its viability in the eyes of institutional investors. Technical analysis is a good indicator of the optimistic future, and the forecast that the price will increase by half in the nearest future.

LUNC Price Jumps 20% Amid Network Upgrade

The LUNC price is among the top gainers over the past 24 hours, rising more than 20%. At the time of writing, the LUNC price traded at $0.00005950, with a strong surge.

This growth is in case the Terra Luna Classic community votes on a significant network upgrade. The plan is known as the upgrade to v3.6.1, which is aimed at enhancements of the blockchain regarding its security, performance, and compatibility

It requests validation of the community and the validators to update the terrald client. Provided that it is passed, the upgrade will bring immense changes to the functionality of the Terra Luna Classic network.

What’s Next For  ZEC, CC, FLOKI, and LUNC?

In conclusion, ZEC, CC, FLOKI, and LUNC price surges are driven by major developments. These involve network upgrades, better liquidity, and institutional support. The market sentiment is increasing, and the further potential of the upward movement will rely on the adoption and implementation of proposals.

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Frequently Asked Questions (FAQs)

1. Why are ZEC, CC, FLOKI, and LUNC rising in price?

ZEC, CC, FLOKI, and LUNC are rising due to network upgrades, increased liquidity, and growing institutional interest, with each having unique drivers like proposal votes or new product launches.

2. What is causing ZEC's 20% price surge?

ZEC's surge is driven by the proposal to overhaul its network's fee system, which could enhance efficiency and demand, pushing the price higher.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.