Loaded Lions crypto has been on a winning streak for the past seven days, with the project hinting at a major announcement set to be unveiled this week. The price of Loaded Lions (LION) has surged by 35.3% in the last 24 hours, hitting an intraday high of $0.0081. The market cap of the project is approaching $1 billion, standing at just under $187 million. The trading volume has also seen a significant increase, nearly doubling to around $3.4 million.
Over the past nine days, Loaded Lions has experienced a remarkable uptrend, with a price increase of over 250%. This growth has outpaced the broader bearish trend in the crypto market, which has seen a decline of around 7% during the same period.
The recent price surge coincides with the anticipation surrounding a major announcement from the project, scheduled to be revealed by the end of the week. Such announcements typically generate excitement within the community and attract more investors, leading to a positive impact on the price of the altcoin.
Many community members speculate that the upcoming announcement could involve the launch of Loaded Lions on the Ethereum blockchain. If this proves to be true, it could have a significant impact on LION’s price by increasing its accessibility, utility, and attracting more investors seeking to capitalize on its expanded ecosystem.
The announcement comes just two weeks after Loaded Lions, Crypto.com’s flagship NFT project, launched its token, LION, with an airdrop to Loaded Lions NFT holders. Following its launch on the Cronos blockchain on March 3, the project expanded to Solana on March 6.
LION token serves as the utility token for the Loaded Lions NFT project, offering holders the opportunity to stake LION in on-chain vaults and Crypto.com app programs to earn rewards, perks, and benefits in Loaded Lions: Mane City. Additionally, LION holders will eventually have governance rights to help shape the ecosystem.
At present, LION is gaining traction on social media in the U.S., indicating heightened retail interest in the project.
In terms of price analysis, technical indicators suggest that LION could experience further gains in the short term. The breakout above the ascending parallel channel pattern on the 1-hour/WCRO chart indicates a strong bullish trend supported by significant buying pressure. The Supertrend indicator and Aroon indicators also point towards a bullish trend, with the next target for LION being the key resistance level of $0.0085.
Community expectations for LION in the long term range from $0.1725 to $0.20 by the end of 2025, with some believing that a breakout above this level could push the price as high as $0.50 in the long run. Currently, LION is trading at $0.0080 per coin.
Please note that this article does not constitute investment advice and is intended for educational purposes only.