Leeds United Fan Token Price Prediction – Can LUFC Reach $10?

cryptonews.com:

Leeds United Fan Token (LUFC) has gained by 1.2% over the last 24 hours. The uptrend comes amid a slight recovery in the global cryptocurrency market. The overall crypto market has gained by 0.7% in 24 hours, but it is yet to hit the $1 trillion mark.

The LUFC token has been having a hard time making a price recovery despite the English Premier League kicking off the latest season. Over the last 30 days, this token has jumped by around 22%.

LUFC, like most of the altcoins, has been battered by the ongoing bear market. The token has dropped by around 92% since reaching an all-time high in December 2021. The token has been testing lower lows this year, and there is not much action happening.

The recent plunge could attract profit takers that want to buy the token at low prices, which pegs the question of whether this token could rally to $10. At the current price, LUFC needs to make an around 10X jump to reach $10. Such a scenario is unlikely because of the lack of volatility in the broader cryptocurrency market.

Nevertheless, altcoins and especially low cap cryptos have received much attention from speculative traders because they were yet to achieve the same correlation with the stock market as Bitcoin has done.

LUFC has reported trading volumes of around $182,000 over the last 24 hours, indicating that the token is yet to rally traders during the past day’s intraday trading hours. LUFC has a market cap of $1.29 million, ranking it as the 1793 largest cryptocurrency in the market.

Over the past day, LUFC has traded within the range of $1.29 and $1.37. The token managed to reach a weekly high of $1.54, but it has since retreated from these levels. However, if the token can sustain the current uptrend, LUFC could break past