Currently, they’re buying back their token at a daily rate of around $1.3M–$2.3M, which creates consistent demand for their treasury and positively influences the token performance.
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Bets on Ethereum’s long-term value, including across staking opportunities and ETFs, have analysts predicting ETH price at $10k by end of year. Ethereum’s price action in the past month has included swings to highs of $4,946 and lows of $4,200.
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The Parabolic SAR indicator below the candlesticks suggests that LAUNCHCOIN may be entering an uptrend. Currently priced at $0.049, it has the potential to break higher. If the token can secure $0.055 as a support level, it could set the stage for further upward movement, attracting more bullish sentiment.
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