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Terra Classic Genuine Labs Proposal Officially Passed, LUNC Burn Rate Skyrockets !! #TrendingTopic #pepe #ARB #BTC #Sei The Terra Luna Classic community has approved developer Genuine Labs’ proposal for major core updates to boost security, functionality, and interoperability. The security upgrade package from Genuine Labs includes improvements and optimizations to Wasmd, IBC Go, and Cosmos SDK. Proposal 12088 “Genuine Labs’ security upgrade packages” has surpassed “pass threshold”, as per current voting details. The developer group will first upgrade to Cosmos SDK 0.47 in the major core upgrade then followed by Cosmos SDK 0.50.1. The proposal provides crucial upgrades to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0. The proposal has received 99.95% “Yes” votes indicating massive support from the Terra Luna Classic community. All validators who have participated voted “Yes” in the proposal. These include Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord. As reported by CoinGape, Genuine Labs plans to complete all developments in 8 weeks and an estimated budget of $30K. Cosmos SDK 0.47.10 offers enhanced security, increased interoperability, developer-friendly improvements, and overall performance benefits for building or using applications on the Cosmos network. The upgrades are for Wasmd, Comet BFT, Cosmos SDK, dependencies such as ibc-go v8, cosmos proto and cometbft-db, and other security updates to Terra Classic core. LUNC and USTC Price Performance Amid Rise in Burn Rate LUNC burn rate has significantly increased this month with an average daily burn of 200 million tokens. As per StakeBin data, 1.3 billion LUNC tokens were burned this week. The decline in supply has caused a more than 2% rise in futures open interest on major derivatives exchanges. LUNC price jumped 1% in the past 24 hours and over 12% in a week, with the Terra Luna Classic price trading at $0.000193. The 24-hour low and high are $0.000184 and $0.000197, respectively. The community thinks a breakout above $0.0005 will bring massive rally.

Terra Classic Genuine Labs Proposal Officially Passed, LUNC Burn Rate Skyrockets !!

#TrendingTopic #pepe #ARB #BTC #Sei

The Terra Luna Classic community has approved developer Genuine Labs’ proposal for major core updates to boost security, functionality, and interoperability. The security upgrade package from Genuine Labs includes improvements and optimizations to Wasmd, IBC Go, and Cosmos SDK.

Proposal 12088 “Genuine Labs’ security upgrade packages” has surpassed “pass threshold”, as per current voting details. The developer group will first upgrade to Cosmos SDK 0.47 in the major core upgrade then followed by Cosmos SDK 0.50.1. The proposal provides crucial upgrades to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0.

The proposal has received 99.95% “Yes” votes indicating massive support from the Terra Luna Classic community. All validators who have participated voted “Yes” in the proposal. These include Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord.

As reported by CoinGape, Genuine Labs plans to complete all developments in 8 weeks and an estimated budget of $30K. Cosmos SDK 0.47.10 offers enhanced security, increased interoperability, developer-friendly improvements, and overall performance benefits for building or using applications on the Cosmos network. The upgrades are for Wasmd, Comet BFT, Cosmos SDK, dependencies such as ibc-go v8, cosmos proto and cometbft-db, and other security updates to Terra Classic core.

LUNC and USTC Price Performance Amid Rise in Burn Rate

LUNC burn rate has significantly increased this month with an average daily burn of 200 million tokens. As per StakeBin data, 1.3 billion LUNC tokens were burned this week. The decline in supply has caused a more than 2% rise in futures open interest on major derivatives exchanges.

LUNC price jumped 1% in the past 24 hours and over 12% in a week, with the Terra Luna Classic price trading at $0.000193. The 24-hour low and high are $0.000184 and $0.000197, respectively. The community thinks a breakout above $0.0005 will bring massive rally.

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How High Can PEPE Coin Price Go In May 2024? #Memecoins #altcoins #BinanceLaunchpool #MicroStrategy #buythedip PEPE Meme Coin has again outshined the rest of the cryptocurrencies with its recent gains in the market. The frog meme coin has set a new ATH of $0.00001156 even in this declining market, becoming the most profitable meme coin. Not only did PEPE leave Dogecoin and Shiba Inu behind but also the top cryptocurrencies of the market, like Bitcoin, in terms of profit percentages. The gains were so huge that a trader made $46 Million with only $3K of investment. Moments after its launch, PEPE gained more than an insane surge as it became the most favoured coin for investors. PEPE Meme Coin repeated this surge at the beginning of this year, which continued for weeks. It gained a high of $0.000009977, but with the market fall, that came to rest until now. PEPE created a new all-time high of $0.00001156 just a few hours ago after a 104% gain in a month and a 45% this week. Also, PEPE has had a profit of almost 2000% from its launch and might grow 10x next. At the time of writing, it is trading at $0.00001127 with a market cap of $ 4.74 billion and a trading volume of $3.56 billion. If the surge continues, the PEPE will become part of the top 20 cryptocurrencies based on the market cap. The PEPE Meme Coin appears to continue its bullish rally for now, as the MACD and moving averages still indicate a strong buying spree for this meme coin. The number of PEPE holders is continuously rising, providing an extra push to the PEPE price, but that is still not enough to push the value to $1.Until now, only a few meme coins that started their journey with lower prices and high quantities, like PEPE, could surge near $1. Even Dogecoin has yet to succeed in surging anywhere near $1, which makes it clear how unrealistic this target of $1 for PEPE is.Moreover, PEPE Meme Coin has a circulating supply of 420.69 Trillion. Imagine the chaos when the PEPE price reaches $1, and the market cap will come to 420 Trillion, way more than the GDP of all countries combined.
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Internet Computer Introduces ckUSDC, Algorand Emerging Challenger Captures Market Focus !! #altcoins #BinanceLaunchpool #BlackRock #MicroStrategy #buythedip The crypto industry is an evolving sector, where novel and disruptive technologies are coming to the market on a regular basis. Internet Computer (ICP) latest offering is ckUSDC, a significant stride in the stable coin world. At the same time, while Borroe Finance ($ROE), which is a disruptive and highly innovative DeFi platform, is gaining more and more traction in the community. Internet Computer's ckUSDC: A New Approach to Stablecoins Foundation is a blockchain which has the purpose of changing the Internet by providing a decentralized and scalable platform for smart contracts and applications. The most recent stablecoin is an intermediary token to enable interaction and exchange between decentralized applications and traditional financial systems, hence, providing uninterrupted connectivity and interaction. cryptOMC is the cryptographic protocol that is designed to let canisters (Internet Computers and smart contracts) interact with the USD Coin (USDC) stablecoin. The chain-key signatures are the way of interaction that allow canisters to create their own Bitcoin addresses and to launch a valid transaction. The chain key tokens such as the chain-key-bitcoin (ckBTC) is an important element as it provides a simple and fast channel of assets between many different blockchains. economics and governance mechanism of Internet Computer. ICP token performs different functions in the platform: the voting rights, the SNS transactions, the buying cycles in dApps development and the payments to the providers of computational resources. The brain of the Internet Computer, which is NNS (Network Neural System), conducts all the self-organizing and self-governing activities of the ICP (Internet Computer Protocol) DAO (Distributed Autonomous Organization). This allows the local community to participate in decision-making processes on a transparent basis through community stakeholder governance.
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Important Shiba Inu Metric Explodes by 2,300% as the SHIB Price Rises !! #Memecoins #altcoins #BinanceLaunchpool #MicroStrategy #buythedip Shiba Inu experienced a significant increase in transaction volume and price, supported by improvements in its blockchain technology and increased token burns. SHIB’s adoption as a payment method by CoinGate further enhances its utility and exposure in the cryptocurrency market. This SHIB Indicator Took off.The second-biggest meme coin in terms of total market capitalization – Shiba Inu – made the headlines today (May 14) thanks to the rise of one major metric related to its ecosystem. According to IntoTheBlock data, SHIB aggregated daily volume, where each transaction exceeded $100,000, has reached $223 million. This represents a staggering 2,300% increase compared to the figure observed the day before. Daily active addresses and transaction volume have also headed north, albeit not as substantially. The rise of the aforementioned metrics coincides with a SHIB price rally. The asset is among the best performers in the market today, registering a 7% increase on a 24-hour scale. Some of its rivals in the meme coin niche, though, have witnessed even more significant gains. Such examples are PEPE (23%), POPCAT (27%), TRUMP (22%), FLOKI (12%), and more. The team behind the meme coin destroyed over 200 million tokens in the past seven days. The rate is over 100% in the past 24 hours, resulting in an additional 30 million assets sent to a null address. The mechanism’s ultimate mission is to reduce SHIB’s circulating supply, making it scarcer and possibly more valuable in time.
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Worldcoin takes 18% hit following revelation from DeFi analyst !! #Memecoins #altcoins #BinanceLaunchpool #MicroStrategy #buythedip WLD is crashing rapidly, down more than 18% in past 24 hours. Worldcoin has experienced more than $4 million in long liquidations. DeFi analyst compares Worldcoin's low float to SBF's playbook and says the project has no connection to OpenAI. Worldcoin (WLD) experienced huge dumps on Tuesday following a recent accusation in an X post by DeFi analyst DefiSquared against the Worldcoin team and insiders. WLD sheds 18% of its value Worldcoin suffered a hit on Tuesday as its price steadily declined, suffering about a 18% decrease, according to data from CoinGecko. WLD crashed from a high of $6.23 to $4.64 in the past 24 hours. The price cash has triggered about $4 million in long liquidations across derivatives traders as WLD faces increased bearish pressure. WLD is being devalued by 0.6% daily through emissions of grants and operator claims, "which are sold almost immediately based on on-chain analytics." The analyst also mentioned that WLD's supply would begin inflating by 4% daily when its team and VC unlocks begin vesting in 70 days. He highlighted that the Worldcoin Foundation would be selling $200 million worth of tokens — 18% of the circulating supply — which was initially assigned to community allocations. "The manipulative low float / high FDV design is straight out of the SBF playbook, and directly enriches insiders as they hedge their locked allocations at high valuations pre-unlock via perps / OTC," said DefiSquared. Furthermore, he stated that Worldcoin has no affiliations with OpenAI, and Sam Altman has no active involvement in the project. However, Bloomberg reported in April that both companies were eyeing a partnership.
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FLOKI Price Soars 14% Amid Revolut Listing, Rally To Continue ? #Memecoins #BinanceLaunchpool #altcoins #buythedip #MicroStrategy FLOKI, the meme coin sensation, has surged by nearly 14% today, signaling a renewed frenzy among investors. This surge comes on the heels of a major listing announcement on Revolut Business, Europe’s largest neobank and retail trading app, stirring up anticipation for further price appreciation. However, it’s worth noting that the meme coin has noted significant traction lately, amid a flurry of listing and other related developments. The FLOKI price has noted a surge of almost 14%, indicating a resurgence of interest among market participants.Meanwhile, the announcement of FLOKI’s listing on Revolut Business comes amid a flurry of listing announcements, underlining the meme coin’s escalating popularity and global reach. Notably, FLOKI recently secured listings on the Thailand arm of Binance, the leading crypto exchange, accentuating its traction in diverse geographic regions, including the Asian markets. On the other hand, the FLOKI crypto has also gained traction by joining Bitpanda’s Meme Coin Leaders Index, contributing to the burgeoning optimism within the market. Bitpanda, a prominent multi-asset exchange based in Europe, confirmed the inclusion of Floki Inu into its renowned index. Notably, the Bitpanda index is designed to showcase a diversified portfolio of the leading meme coins based on market capitalization. This listing on the index signifies a significant milestone for FLOKI, as it not only enhances its visibility but also underscores its growing prominence within the meme coin ecosystem.Meanwhile, as of writing, the voting for the token burn proposal commenced on May 14 and will extend until May 16, with an overwhelming 99.8% of votes currently in favor of the burning initiative. Notably, the token burns serve as a mechanism to reduce the overall supply of a cryptocurrency, often leading to increased scarcity and heightened demand, thus potentially fueling further price appreciation for FLOKI in the days.
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