12 Oct 2022 · 2 min read

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

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 risen by 0.7% in 24 hours, but it is yet to hit the $1 trillion mark.

Can LUFC rally to $10?

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 declined 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 rallies have been limited.

The recent plunge could attract last year's profit takers that want to buy the token at low prices, which begs the question of whether this token could rally to $10. This would be difficult to achieve in the current market however, should prices pick back up again, then it may be possible.

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 each time. If the token can sustain the current uptrend, LUFC could break past $1.50 again in the coming days.

On the other hand, if the broader markets start showing signs of weakness, LUFC could drop from the current level to below $1.20. If this momentum continues, then LUFC below $1 is also likely. The last time that LUFC dropped below $1 was earlier this year when the token plunged to an all-time low of $0.78.

LUFC is a fan token. Fan tokens such as LUFC have some of the best utility as they allow supporters to have a direct impact on the team they support. Whilst on the topic of having an impact, IMPT is a token that is hoping to have a positive impact on the environment.

Are green cryptos the next big thing?

One of the best ways to diversify your crypto portfolio amid the ongoing crypto winter is through green cryptocurrencies like IMPT. IMPT is the native token for the Impact Project. 

Based on the Ethereum blockchain, it provides users with the ability to trade NFT-based carbon offsets, while it will also enable consumers to shop online with retailers that support green initiatives. At a time when ESG investing is becoming a big thing, it has the fundamentals to perform well.

The presale is ongoing and has already raised more than $3.5 million in just over a week. The presale has a hard cap of $10.8 million, and if current momentum continues, it is likely to sell out long before its deadline.

Visit IMPT Now