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Cryptocurrencies Price Prediction: Luna Classic, Shiba Inu and Chainlink – European Wrap 1 December

Terra’s Luna Classic price squeeze hints at explosive breakout to $0.000185

Luna Classic price is ready to kick-start a strong move to the upside after nine days of consolidation. This range tightening has squeezed volatility, but if certain conditions are met, a comeback could be on the cards for LUNC.

LUNC/USDT 4-hour chart

Shiba Inu burn destroys 666 million SHIB, the meme coin could rally on one condition

Shiba Inu, popularly known as "the Dogecoin-killer", witnessed a spike in burn in November. The community destroyed 666 million SHIB in 149 transactions, pulling these tokens out of circulation permanently. The meme coin is ready to begin its recovery despite the crypto bear market. 

SHIB/USD price chart

Chainlink price could surprise LINK holders, as it prepares for staking on Ethereum

Chainlink is eyeing gains ahead of its staking launch on Ethereum mainnet in December. Staking is a core initiative of Chainlink Economics 2.0, a new program offering LINK holders the opportunity to earn rewards. 

LINK/USDT price chart

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