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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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Worldcoin Price Prediction as WLD Closes in on $5 – Is It Time To Buy ? #BTC #altcoins #BinanceLaunchpool #ScamRiskWarning #BullorBear WLD has jumped by 5% in the past 24 hours, with the Worldcoin price moving to $4.74 as the cryptocurrency market enjoys another day of recovery today. Despite this lift, Worldcoin remains down by 1% in a week and by 32% in the last 30 days, with the altcoin – founded by OpenAI CEO Sam Altman – also down by 59% from its all-time high of $11.74 (March 10, 2024).However, the fact that WLD has underperformed within recent timeframes should mean that it continues to recover over the coming days and weeks, with the wider market likely to help it rebound.Based on Worldcoin’s chart, now looks like a very good time to buy the token, with its indicators suggesting that it’s at the beginning of a short-term rally.For instance, its relative strength index (purple) has risen from 25 at the end of April to 60 today, and it seems that it will continue rising in the near term.Also bullish is WLD’s 30-day average (orange), which is rising towards the 200-day (blue) and appears ready to climb over the longer term average very soon. And while Worldcoin’s volume is still relatively low at $200 million today, the lack of depth makes the coin ripe for a big swing. In the near term, Worldcoin is likely to recover in tandem with the rest of the market, which appears to be regaining some momentum after taking a hit earlier this week.This was largely because of fears that the Fed might even raise rates during its FOMC this week, yet in the end the central bank kept its funds rate where it was, while also announcing that it would be softening its quantitative tightening policy. This has seemed to calm investors, leaving the cryptocurrency market – and Worldcoin – to retrace its steps a little.Looking at the bigger picture, Worldcoin could potentially be very big, given the pedigree behind it.Worldcoin has also witnessed growing use in places such as Argentina, while it has also recently expanded to Mexico.
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Pepe Price Prediction: PEPE Pumps 10% As The Dogeverse ICO Smashes Past $13 Million !! #BinanceLaunchpool #ScamRiskWarning #bitcoinhalving #BullorBear #Memecoins The Pepe price rose 6% in the last 24 hours to trade at $0.00000695 as of 02:39 a.m. EST on trading volume that surged 7% to $1 billion. This comes as the market bounces back from a flash crypto crash this week, which saw BTC fall below $60,000. Pepe (PEPE) and Dogwifhat (WIF) are the top gainers, with WIF rising 15% in the last 24 hours.The Pepe price has been on a downtrend since mid-March, which then saw PEPE fluctuate within the $0.00000799 resistance level. In April, PEPE fell dramatically to the $0.00000446 support level, with the price movements over this level forming a head-and-shoulders pattern. However, the bears negated the bullish prospects introduced by the head and shoulders pattern, as the price went down within the channel down pattern. The support of around $0.00000598 has allowed the bulls to push the price over, as they aim to propel PEPE over the upper boundary of the channel down pattern. PEPE is currently trading above the 200-day Simple Moving Average (SMA), affirming the current long-term bullish prospects. Suppose the bulls sustain the momentum, PEPE could overcome the 50-day SMA at $0.00000719.Moreover, the readings on the Relative Strength Index (RSI) are also moving up, currently at 51. If the bulls continue buying, the RSI could soar to the 70-overbought region, showing continued investor optimism.The Pepe price analysis indicates a continued breakout for the price to surpass the upper boundary of the channel. With the RSI moving upwards and the golden cross at $0.00000682, PEPE bulls are targeting $0.0000090.However, if the bears continue exerting more pressure, Pepe could go down through a retrace back to $0.00000533, which acts as a cushion against downward pressure.Meanwhile, as the Pepe price pumps, investors are also piling into Dogeverse (DOGEVERSE), a meme coin currently in presale that has soared past $13 million in funds raised in less than a month.
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Analyst Who Predicted Polygon (MATIC) 12000% Rally in 2021 Reveals Small-Cap Altcoin Poised for Similar Success, Priced Under $0.03 Today !! #BinanceLaunchpool #bitcoinhalving #BullorBear #Memecoins #bitcoin Success stories are often defined by those who can spot hidden gems before they explode onto the scene. Such is the case with one analyst who gained notoriety for accurately predicting the meteoric rise of Polygon (MATIC) in 2021. Now, this same analyst is turning heads once again, touting a small-cap altcoin by the name of HUMP as the next big contender in the crypto space. With its price still hovering under $0.03, HUMP presents an enticing opportunity for investors seeking significant returns. Let’s delve into the details of this analyst’s bold prediction and explore why HUMP could be on the brink of a similar success story to MATIC. The Genesis of MATIC’s Monumental Rally Before delving into the prospects of $HUMP, it’s crucial to understand the backstory of Polygon (MATIC) and the factors that propelled its monumental rally. Polygon, formerly known as Matic Network, is a layer 2 scaling solution for Ethereum, designed to address the network’s scalability issues and high transaction fees. In April 2021, as Ethereum struggled with congestion and exorbitant gas fees, Polygon emerged as a viable solution, offering faster and cheaper transactions. This development caught the attention of both developers and investors, sparking a surge in demand for MATIC tokens. As the Ethereum network faced challenges with scalability, the technology of Polygon gained traction as a promising alternative. Developers began integrating the Polygon layer 2 solution into their decentralized applications (dApps), leveraging its scalability and cost-effectiveness. Moreover, the growing ecosystem of projects built on Polygon attracted substantial investment, further fueling the demand for MATIC tokens. As a result, the price of MATIC surged exponentially, reaching unprecedented highs and delivering substantial returns to early investors.
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Shiba Inu coin price prediction: Should you brace for another 20% drop !! #BinanceLaunchpool #bitcoinhalving #BullorBear #Memecoins #bitcoin Shiba Inu continued to trend downward, losing a key support zone in the process The selling volume has been muted, giving bulls some hope of a recovery later on Shiba Inu [SHIB] fell below a key demand zone at the $0.000024 region. Selling pressure was prevalent despite a token outflow from exchanges. Liquidated long positions have also contributed to accelerating the recent losses.A range formation was possible, but if Bitcoin [BTC] tumbled below $59k, the Shiba Inu coin price might retrace to the next Fibonacci support level. The RSI on the 12-hour chart was at 33 and showed strong bearish momentum. It was a stone’s throw away from falling below 30 which would indicate oversold conditions. That by itself won’t guarantee a recovery.The current trajectory of Bitcoin and the rest of the market could easily drag SHIB down by another 19%. The Fibonacci retracement levels (pale yellow) highlighted the next support level at $0.0000172. In mid-April, the $0.0000212 level served as support. It might give another bounce upon this retest. While the price trended downward in April, the OBV maintained itself within a range. This suggested that selling pressure wasn’t overwhelming.Hence, so long as the OBV does not lose the lower support level, SHIB bulls can hope for a recovery from the two support levels highlighted. The Open Interest data showed it has been in a strong decline over the past ten days. Coupled with the price losses, it indicated firm bearish sentiment. Speculators were unwilling to bet on SHIB price gains. The long liquidations also saw multiple spikes in the past 48 hours. This was a sign of forced market selling, which added to the downward pressure on Shiba Inu coin price. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
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