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Binance Burns 1.14 Billion Terra Luna Classic
Binance Continues Terra Luna Classic Burn Initiative
In the latest move, the top crypto exchange Binance has burned 1.14 billion LUNC tokens. This reflects the exchangeâs commitment to the Terra Luna Classic community, which has sparked market optimism. Besides, this substantial burn has pushed the prices of LUNC and USTC higher today by more than 10%, indicating a growing market confidence.
LuncLive validator owner, Mr. Diamondhandz, highlighted the importance of Binanceâs contribution to social media platform X, expressing his gratitude to Binance CEO Changpeng Zhao and his team. He said, âBinance burned 1,142,098,248.09 LUNC for their monthly burn! Thank you CZ and company for supporting the LunaClassic community since 2022! LUNC to the moon!â His statement reflects the communityâs optimism and ongoing support for the revival of the Terra Classic ecosystem.
Binance has played a key role in supporting the LUNC ecosystem, burning over 64 billion tokens through September. The LUNC burn mechanism is crucial to decreasing token supply, which in turn, could boost its price as demand rises. Binanceâs sustained efforts have made it the largest contributor to the LUNC burns.
Binance has increased its frequency of burns in recent months. In September alone, the exchange performed the LUNC burn six times, a significant jump from its previous once-a-month schedule. This revised approach has led to speculation within the Terra Luna Classic community that Binance may be ramping up its commitment to reviving the tokenâs value.
The burning mechanism has fueled market optimism, sparking a rally in both LUNC and USTC prices. During writing, LUNC price traded at $0.00009723, after touching a high of $0.00009944 in the last 24 hours.
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Binance Continues Terra Luna Classic Burn Initiative
In the latest move, the top crypto exchange Binance has burned 1.14 billion LUNC tokens. This reflects the exchangeâs commitment to the Terra Luna Classic community, which has sparked market optimism. Besides, this substantial burn has pushed the prices of LUNC and USTC higher today by more than 10%, indicating a growing market confidence.
LuncLive validator owner, Mr. Diamondhandz, highlighted the importance of Binanceâs contribution to social media platform X, expressing his gratitude to Binance CEO Changpeng Zhao and his team. He said, âBinance burned 1,142,098,248.09 LUNC for their monthly burn! Thank you CZ and company for supporting the LunaClassic community since 2022! LUNC to the moon!â His statement reflects the communityâs optimism and ongoing support for the revival of the Terra Classic ecosystem.
Binance has played a key role in supporting the LUNC ecosystem, burning over 64 billion tokens through September. The LUNC burn mechanism is crucial to decreasing token supply, which in turn, could boost its price as demand rises. Binanceâs sustained efforts have made it the largest contributor to the LUNC burns.
Binance has increased its frequency of burns in recent months. In September alone, the exchange performed the LUNC burn six times, a significant jump from its previous once-a-month schedule. This revised approach has led to speculation within the Terra Luna Classic community that Binance may be ramping up its commitment to reviving the tokenâs value.
The burning mechanism has fueled market optimism, sparking a rally in both LUNC and USTC prices. During writing, LUNC price traded at $0.00009723, after touching a high of $0.00009944 in the last 24 hours.
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#SUI
Market leader đ€Ș
snapper..even in red market environment.đ§
our $2 Target very much in play guys
đ€đ€đ€đ€đ
Market leader đ€Ș
snapper..even in red market environment.đ§
our $2 Target very much in play guys
đ€đ€đ€đ€đ
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SUI Price $2 In Sight If Markets Remain Bullish.đđđ
The price of SUI is bullish on the daily time frame as it has broken above the 50-day and 200-day exponential moving averages (EMA). Sui flashed a death cross on May 24, which signaled that the following months would be bearish. However, with the recent markup in price, a golden cross could be in the making.
The main resistance for the SUI price remains the $1.00 mark. In the past, the asset has broken beyond but has not sustained above it. If the daily candle can close above the $1.00 mark, SUI may turn from bearish to fully bullish.
SUI also just completed an ascending triangle, a bullish continuation pattern. A breakout to the upside from this structure could add at least 47% to the current price of SUI, bringing it to $1.48. If the buy momentum maintains, SUI could surge higher and reach $2.00.
On the flip side, if the price of SUI fails to maintain above the ascending triangle, it would signal market weakness, and the asset price could fall back into the triangle below the 200-day EMA. A further downside move could invalidate the current bullish thesis as the price seeks lower support around $0.75 and $0.64.
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The price of SUI is bullish on the daily time frame as it has broken above the 50-day and 200-day exponential moving averages (EMA). Sui flashed a death cross on May 24, which signaled that the following months would be bearish. However, with the recent markup in price, a golden cross could be in the making.
The main resistance for the SUI price remains the $1.00 mark. In the past, the asset has broken beyond but has not sustained above it. If the daily candle can close above the $1.00 mark, SUI may turn from bearish to fully bullish.
SUI also just completed an ascending triangle, a bullish continuation pattern. A breakout to the upside from this structure could add at least 47% to the current price of SUI, bringing it to $1.48. If the buy momentum maintains, SUI could surge higher and reach $2.00.
On the flip side, if the price of SUI fails to maintain above the ascending triangle, it would signal market weakness, and the asset price could fall back into the triangle below the 200-day EMA. A further downside move could invalidate the current bullish thesis as the price seeks lower support around $0.75 and $0.64.
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Pepe Coin Price to Rally $0.000015 In October?
During Mondayâs trading session, the Pepe coin price saw a 3% drop, retesting the crucial $0.00001 support level. This bearish movement aligned with Bitcoinâs fall below the $65,000 mark, sparking a corrective phase across several major altcoins. Despite this, PEPE is set for a sharp recovery, driven by accumulation and the completion of a bullish pattern.
Can PEPE Coin Price Surge to $0.000015 by October?
Within a month, the PEPE coin price rallied $0.00000633 to $0.0000119â an 89% increase. This bullish reversal managed to reclaim crucial daily EMAs (20, 50, 100, and 200), signaling a positive change in market sentiment.
A deeper analysis of the daily chart shows this reversal breached the resistance trendline of a falling wedge pattern. This chart pattern drove a steady correction within two converging trendlines for four months before offering a breakout.
The post-rally aligned with the late September rally pushed the asset to a $0.0000119 high before reverting to $0.0000108. The coin price is poised for temporary consolidation or pullback to $0.00001 and recuperates the bullish momentum.
The post-breakout rally could bolster the asset for $0.0000135 before surpassing the $0.000015 mark.
large wallet holders possessing between 100 million and 1 billion PEPE coins have actively accumulated, pushing their holdings to a staggering 13.51 trillion coins. This significant increase in accumulation suggests that whales are positioning themselves for a potential price surge, indicating growing confidence in future price growth.
Conclusion:
If the PEPE price post-rally correction manages to sustain above the $0.00001 level by mid-October, a recovery toward $0.000015 is likely.
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During Mondayâs trading session, the Pepe coin price saw a 3% drop, retesting the crucial $0.00001 support level. This bearish movement aligned with Bitcoinâs fall below the $65,000 mark, sparking a corrective phase across several major altcoins. Despite this, PEPE is set for a sharp recovery, driven by accumulation and the completion of a bullish pattern.
Can PEPE Coin Price Surge to $0.000015 by October?
Within a month, the PEPE coin price rallied $0.00000633 to $0.0000119â an 89% increase. This bullish reversal managed to reclaim crucial daily EMAs (20, 50, 100, and 200), signaling a positive change in market sentiment.
A deeper analysis of the daily chart shows this reversal breached the resistance trendline of a falling wedge pattern. This chart pattern drove a steady correction within two converging trendlines for four months before offering a breakout.
The post-rally aligned with the late September rally pushed the asset to a $0.0000119 high before reverting to $0.0000108. The coin price is poised for temporary consolidation or pullback to $0.00001 and recuperates the bullish momentum.
The post-breakout rally could bolster the asset for $0.0000135 before surpassing the $0.000015 mark.
large wallet holders possessing between 100 million and 1 billion PEPE coins have actively accumulated, pushing their holdings to a staggering 13.51 trillion coins. This significant increase in accumulation suggests that whales are positioning themselves for a potential price surge, indicating growing confidence in future price growth.
Conclusion:
If the PEPE price post-rally correction manages to sustain above the $0.00001 level by mid-October, a recovery toward $0.000015 is likely.
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Will Shiba Inu Price Repeat Its Historical Triple-Digit Surge This October?
SHIB, the second-largest coin, plunged over 8% during Mondayâs U.S. market trading hours. The sharp plunge can be attributed to Bitcoin drop below $65,000, with an intraday loss of 3%. With the meme cryptocurrency sector often volatile to new market changes, the Shiba Inu price hints at a potential retest to $x. support. Will the uptober rally sentiment trigger a major reversal?
Is Shiba Inu Price Set for Another Triple-Digit Surge in October?
The Shiba Inu price prediction is anticipated for prolonged recovery in October, showcasing an average return of 283%. While the fourth quarter appears promising for a potential rally, achieving triple-digit gains may be overly optimistic due to SHIBâs extraordinary rally in 2021.
The likelihood of a similar surge is diminished due to waning interest in meme assets and increasing competition, diverting investor attention away from SHIB.
However, the SHIB supply in top addresses remains sidelined at 61%,This sideways movement suggests that major investors are adopting a HOLD strategy.
Additionally, Shiba Inuâs supply on exchanges has seen a notable decrease this year, now standing at $144.4 trillion. This decline indicates reduced selling pressure and further aligns with the outlook for a potential price recovery.
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SHIB, the second-largest coin, plunged over 8% during Mondayâs U.S. market trading hours. The sharp plunge can be attributed to Bitcoin drop below $65,000, with an intraday loss of 3%. With the meme cryptocurrency sector often volatile to new market changes, the Shiba Inu price hints at a potential retest to $x. support. Will the uptober rally sentiment trigger a major reversal?
Is Shiba Inu Price Set for Another Triple-Digit Surge in October?
The Shiba Inu price prediction is anticipated for prolonged recovery in October, showcasing an average return of 283%. While the fourth quarter appears promising for a potential rally, achieving triple-digit gains may be overly optimistic due to SHIBâs extraordinary rally in 2021.
The likelihood of a similar surge is diminished due to waning interest in meme assets and increasing competition, diverting investor attention away from SHIB.
However, the SHIB supply in top addresses remains sidelined at 61%,This sideways movement suggests that major investors are adopting a HOLD strategy.
Additionally, Shiba Inuâs supply on exchanges has seen a notable decrease this year, now standing at $144.4 trillion. This decline indicates reduced selling pressure and further aligns with the outlook for a potential price recovery.
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Jerome Powell Optimistic On Cooling US Inflation, Bitcoin Rally Imminent?
Jerome Powell Is Confident That They Can Bring Inflation To 2%
Powell stated at the 66th NABE annual meeting that they are confident that inflation is on a sustainable path to dropping to their target of 2%. He further mentioned that they are confident that the US economy is strong overall.
The labor market is an area that has drawn concerns that the US economy might not be as healthy as it seems. However, the Fed chair stated that the labor market is solid, having cooled off from its volatile state two years ago. He added that they do not believe they need to see more cooling in the labor market to be confident that they are on track to achieving the 2% inflation target.
Jerome Powell also suggested that the Fed is in no hurry to cut interest rates any further this year. At the September FOMC meeting, the Fed Chair had stated that there would be two more 25 basis points (bps) rate cuts this year.
in his latest speech, he warned that further rate cuts this year will depend on the incoming inflation data.He said that they would continue to assess the US economy meeting-by-meeting.The positive is that Jerome Powell is confident that the economy is heading in the right direction. He also assured that they wonât hesitate to cut rates if the inflation data is favorable.
Powell said there could be another 50 bps rate cut this year if these inflation data are favorable.This aligns with Federal Reserveâs Raphael Bostic, who hinted that he might favor another 50 bps cut this year.
Will The Bitcoin Price Continue To Rally
Despite Jerome Powell not asserting that there could be more rate cuts this year, the Bitcoin price still boasts a bullish outlook and could continue its rally.The trading firm QCP Capital recently alluded to global monetary easing policies from countries like China while stating that they expect BTC to benefit from such measures,given its status as a risk-on asset.Bitcoin is entering the fourth quarter,when it records its most returns in the year.
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Jerome Powell Is Confident That They Can Bring Inflation To 2%
Powell stated at the 66th NABE annual meeting that they are confident that inflation is on a sustainable path to dropping to their target of 2%. He further mentioned that they are confident that the US economy is strong overall.
The labor market is an area that has drawn concerns that the US economy might not be as healthy as it seems. However, the Fed chair stated that the labor market is solid, having cooled off from its volatile state two years ago. He added that they do not believe they need to see more cooling in the labor market to be confident that they are on track to achieving the 2% inflation target.
Jerome Powell also suggested that the Fed is in no hurry to cut interest rates any further this year. At the September FOMC meeting, the Fed Chair had stated that there would be two more 25 basis points (bps) rate cuts this year.
in his latest speech, he warned that further rate cuts this year will depend on the incoming inflation data.He said that they would continue to assess the US economy meeting-by-meeting.The positive is that Jerome Powell is confident that the economy is heading in the right direction. He also assured that they wonât hesitate to cut rates if the inflation data is favorable.
Powell said there could be another 50 bps rate cut this year if these inflation data are favorable.This aligns with Federal Reserveâs Raphael Bostic, who hinted that he might favor another 50 bps cut this year.
Will The Bitcoin Price Continue To Rally
Despite Jerome Powell not asserting that there could be more rate cuts this year, the Bitcoin price still boasts a bullish outlook and could continue its rally.The trading firm QCP Capital recently alluded to global monetary easing policies from countries like China while stating that they expect BTC to benefit from such measures,given its status as a risk-on asset.Bitcoin is entering the fourth quarter,when it records its most returns in the year.
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Terra Luna Classic Price Technical Analysis: Is $0.00015 Next?
The chart presents a reversal patternâ specifically an Inverse Head and Shoulders pattern, which is a bullish reversal signal. The price has been trending downward, but this pattern indicates a potential shift to the upside.
Key Support and Resistance Levels
$0.0001: This is the neckline of the inverse head and shoulders pattern. Below it, thereâs major support at $0.000008 from recent lows.
$0.000142: This is the projected breakout target based on the height of the head-to-neckline distance. It represents a potential gain of approximately 43.78% from the breakout level.
After completing the right shoulder, the price rose up and broke above the neckline, indicating bullish momentum. If the price sustains above the neckline, it will confirm the breakout, triggering a significant bullish move higher.
A volume-confirmed breakout above the neckline suggests a potential long-term bullish reversal. However, if the LUNC price fails to sustain above the neckline, it could signal crypto market weakness and could fall below 0.000008, the low of the right shoulder, invalidating the current bullish thesis.
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The chart presents a reversal patternâ specifically an Inverse Head and Shoulders pattern, which is a bullish reversal signal. The price has been trending downward, but this pattern indicates a potential shift to the upside.
Key Support and Resistance Levels
$0.0001: This is the neckline of the inverse head and shoulders pattern. Below it, thereâs major support at $0.000008 from recent lows.
$0.000142: This is the projected breakout target based on the height of the head-to-neckline distance. It represents a potential gain of approximately 43.78% from the breakout level.
After completing the right shoulder, the price rose up and broke above the neckline, indicating bullish momentum. If the price sustains above the neckline, it will confirm the breakout, triggering a significant bullish move higher.
A volume-confirmed breakout above the neckline suggests a potential long-term bullish reversal. However, if the LUNC price fails to sustain above the neckline, it could signal crypto market weakness and could fall below 0.000008, the low of the right shoulder, invalidating the current bullish thesis.
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Binance Founder Changpeng âCZâ Zhao Discloses His Future Plans
Binance founder Changpeng âCZâ Zhao has articulated his vision for the future after his release from custody recently. He emphasizes a continued commitment to blockchain technology, artificial intelligence (AI), and biotechnology, highlighting his long-term dedication to these fields.
Despite facing legal challenges in the United States, Zhao remains optimistic with a focus on impact and not returns.
Binance Founder Changpeng Zhao Charts New Path in Tech and Charity Post-Custody
In a reflective statement made on the social media platform X, Changpeng âCZâ Zhao shared his experiences and aspirations following his recent stint in custody. Former Binance CEO was released on September 27 from a correctional facility in California, Zhao outlined a series of initiatives he plans to focus on in the coming years.
Central to his message was the commitment to driving technological innovation and social impact, particularly through new ventures in education and charity. The Binance founder expressed his long term commitment to blockchain stating,
Zhao noted the success of his recently launched project, Giggle Academy,an online educational platform providing accessible learning opportunities.He expressed his enthusiasm about dedicating more time and resources to this non-profit initiative, which will be part of his life moving forward.
Continuing Investment in Innovation
Despite the setbacks associated with legal issues in the US, including a hefty fine and compliance monitoring, Changpeng âCZâ Zhao remains undeterred in his support for technologies. He reiterated his investment strategy, which focuses on impact over returns.
Zhaoâs leadership prior to stepping down, played a pivotal role in shaping the digital asset exchange landscape.With Richard Teng now at the helm,Zhao expressed confidence in Binanceâs ability to continue thriving without his direct involvement.
He noted
Binance seems to be doing well without me back-seat-driving,which is excellent. Every founderâs dream
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Binance founder Changpeng âCZâ Zhao has articulated his vision for the future after his release from custody recently. He emphasizes a continued commitment to blockchain technology, artificial intelligence (AI), and biotechnology, highlighting his long-term dedication to these fields.
Despite facing legal challenges in the United States, Zhao remains optimistic with a focus on impact and not returns.
Binance Founder Changpeng Zhao Charts New Path in Tech and Charity Post-Custody
In a reflective statement made on the social media platform X, Changpeng âCZâ Zhao shared his experiences and aspirations following his recent stint in custody. Former Binance CEO was released on September 27 from a correctional facility in California, Zhao outlined a series of initiatives he plans to focus on in the coming years.
Central to his message was the commitment to driving technological innovation and social impact, particularly through new ventures in education and charity. The Binance founder expressed his long term commitment to blockchain stating,
Zhao noted the success of his recently launched project, Giggle Academy,an online educational platform providing accessible learning opportunities.He expressed his enthusiasm about dedicating more time and resources to this non-profit initiative, which will be part of his life moving forward.
Continuing Investment in Innovation
Despite the setbacks associated with legal issues in the US, including a hefty fine and compliance monitoring, Changpeng âCZâ Zhao remains undeterred in his support for technologies. He reiterated his investment strategy, which focuses on impact over returns.
Zhaoâs leadership prior to stepping down, played a pivotal role in shaping the digital asset exchange landscape.With Richard Teng now at the helm,Zhao expressed confidence in Binanceâs ability to continue thriving without his direct involvement.
He noted
Binance seems to be doing well without me back-seat-driving,which is excellent. Every founderâs dream
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There is a chance that USTC could repeg to $1, which will automatically influence the LUNC price to surge higher.đŻđŻđŁ
LUNC Price Extended Gains Ahead of Binance More Burn đ„đ„đ„
LUNC price is showing signs promising signs of potential additional gains ahead of the upcoming Binance burn event. Recent analysis suggests that the asset could see a significant rise, especially since it just broke out of a bullish reversal pattern. On September 27, the Terra Luna Classic community passed a vote on a USTC burn proposal, further provoking more bullish bias from investors. Is LUNC on the path to recovering its previous lost glory?
Scheduled Binance Burn Is LUNC Price Catalyst
According to the Binance official LUNC support page, the crypto exchange has changed the Burning of Terra Luna Classic (LUNC) trading fees. The changes aim to enhance burns âto contribute to the supply decrease of LUNC.â The monthly LUNC burns are scheduled to be completed by Wednesday, October 2, 2024, at the latest.
Binance LUNC burns have always been bullish catalysts for the LUNC price. Since May 13, 2022, the crypto exchange has burnt 64.47 billion LUNC and 4.38 million USTC.
Meanwhile, the community has been working on more ways to eliminate the humongous supply and repeg USTC to $1. The most recently passed proposal of burning USTC tokens from wallets linked to the Mirror Protocol that have been inactive since the May 2022 crash.
Additionally, a correlation has emerged between the FTX token (FTT) and LUNC price action today, as there are rumors of FTX distributing $1.6 billion to creditors today. However, this is unconfirmed and pending court approval on October 7.
there is a chance that USTC could repeg to $1, which will automatically influence the LUNC price to surge higher.
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LUNC Price Extended Gains Ahead of Binance More Burn đ„đ„đ„
LUNC price is showing signs promising signs of potential additional gains ahead of the upcoming Binance burn event. Recent analysis suggests that the asset could see a significant rise, especially since it just broke out of a bullish reversal pattern. On September 27, the Terra Luna Classic community passed a vote on a USTC burn proposal, further provoking more bullish bias from investors. Is LUNC on the path to recovering its previous lost glory?
Scheduled Binance Burn Is LUNC Price Catalyst
According to the Binance official LUNC support page, the crypto exchange has changed the Burning of Terra Luna Classic (LUNC) trading fees. The changes aim to enhance burns âto contribute to the supply decrease of LUNC.â The monthly LUNC burns are scheduled to be completed by Wednesday, October 2, 2024, at the latest.
Binance LUNC burns have always been bullish catalysts for the LUNC price. Since May 13, 2022, the crypto exchange has burnt 64.47 billion LUNC and 4.38 million USTC.
Meanwhile, the community has been working on more ways to eliminate the humongous supply and repeg USTC to $1. The most recently passed proposal of burning USTC tokens from wallets linked to the Mirror Protocol that have been inactive since the May 2022 crash.
Additionally, a correlation has emerged between the FTX token (FTT) and LUNC price action today, as there are rumors of FTX distributing $1.6 billion to creditors today. However, this is unconfirmed and pending court approval on October 7.
there is a chance that USTC could repeg to $1, which will automatically influence the LUNC price to surge higher.
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#SUI
SUI @$1.83
Everything all good
as predicted on X & trendđ
Our $2 target still in play
Nice one @miconcrypto
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SUI @$1.83
Everything all good
as predicted on X & trendđ
Our $2 target still in play
Nice one @miconcrypto
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SUI Price $2 In Sight If Markets Remain Bullish.đđđ
The price of SUI is bullish on the daily time frame as it has broken above the 50-day and 200-day exponential moving averages (EMA). Sui flashed a death cross on May 24, which signaled that the following months would be bearish. However, with the recent markup in price, a golden cross could be in the making.
The main resistance for the SUI price remains the $1.00 mark. In the past, the asset has broken beyond but has not sustained above it. If the daily candle can close above the $1.00 mark, SUI may turn from bearish to fully bullish.
SUI also just completed an ascending triangle, a bullish continuation pattern. A breakout to the upside from this structure could add at least 47% to the current price of SUI, bringing it to $1.48. If the buy momentum maintains, SUI could surge higher and reach $2.00.
On the flip side, if the price of SUI fails to maintain above the ascending triangle, it would signal market weakness, and the asset price could fall back into the triangle below the 200-day EMA. A further downside move could invalidate the current bullish thesis as the price seeks lower support around $0.75 and $0.64.
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The price of SUI is bullish on the daily time frame as it has broken above the 50-day and 200-day exponential moving averages (EMA). Sui flashed a death cross on May 24, which signaled that the following months would be bearish. However, with the recent markup in price, a golden cross could be in the making.
The main resistance for the SUI price remains the $1.00 mark. In the past, the asset has broken beyond but has not sustained above it. If the daily candle can close above the $1.00 mark, SUI may turn from bearish to fully bullish.
SUI also just completed an ascending triangle, a bullish continuation pattern. A breakout to the upside from this structure could add at least 47% to the current price of SUI, bringing it to $1.48. If the buy momentum maintains, SUI could surge higher and reach $2.00.
On the flip side, if the price of SUI fails to maintain above the ascending triangle, it would signal market weakness, and the asset price could fall back into the triangle below the 200-day EMA. A further downside move could invalidate the current bullish thesis as the price seeks lower support around $0.75 and $0.64.
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TERRA CLASSIC đ„đ„đŻ
Stay tuned @MiconCrypto
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Stay tuned @MiconCrypto
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LUNC News: Terra Luna Classic Community Votes to USTC More Burn Proposalđ„đ„đ„
The Terra Luna Classic community has recently initiated a USTC burn proposal, which has gained notable traction from the market participants. This initiative follows TerraForm Labsâ recent move to wind down its operations and burn remaining assets, which has noted significant attention from the community members.
Meanwhile, this latest proposal seeks to safeguard the Terra Classic community by removing inactive contracts and burning USTC holdings.
LUNC News: Terra Luna Classic Community Votes On USTC Burn Proposal
The latest USTC burn proposal has gained traction from the Terra Luna Classic community. According to the proposal, it aims to burn a total of 46.55 million USTC through a contract migration, with a specific focus on wallets linked to the Mirror Protocol.
Notably, this move follows a previous attempt to execute a burn proposal that failed due to insufficient contract balances. Now, the community is revisiting the matter, with renewed urgency. TerraForm Labs CEO Chris Amani mentioned in a community wind-down meeting that TFL intends to burn all Terra Classic assets.
Meanwhile, this approach is driven by a need to ensure security and compliance with ongoing legal requirements. According to Amani, the wallets in question will be destroyed rather than leaving keys vulnerable to future access. âBurning would be the best option,â he emphasized.
The proposal indicates that with a substantial amount of USTC and LUNC linked to these contracts, the community must act swiftly to secure the assets through migration and burn the funds. Besides, it highlights the importance of this action as part of the larger effort to prevent further complications following TFLâs exit from the Terra ecosystem.
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The Terra Luna Classic community has recently initiated a USTC burn proposal, which has gained notable traction from the market participants. This initiative follows TerraForm Labsâ recent move to wind down its operations and burn remaining assets, which has noted significant attention from the community members.
Meanwhile, this latest proposal seeks to safeguard the Terra Classic community by removing inactive contracts and burning USTC holdings.
LUNC News: Terra Luna Classic Community Votes On USTC Burn Proposal
The latest USTC burn proposal has gained traction from the Terra Luna Classic community. According to the proposal, it aims to burn a total of 46.55 million USTC through a contract migration, with a specific focus on wallets linked to the Mirror Protocol.
Notably, this move follows a previous attempt to execute a burn proposal that failed due to insufficient contract balances. Now, the community is revisiting the matter, with renewed urgency. TerraForm Labs CEO Chris Amani mentioned in a community wind-down meeting that TFL intends to burn all Terra Classic assets.
Meanwhile, this approach is driven by a need to ensure security and compliance with ongoing legal requirements. According to Amani, the wallets in question will be destroyed rather than leaving keys vulnerable to future access. âBurning would be the best option,â he emphasized.
The proposal indicates that with a substantial amount of USTC and LUNC linked to these contracts, the community must act swiftly to secure the assets through migration and burn the funds. Besides, it highlights the importance of this action as part of the larger effort to prevent further complications following TFLâs exit from the Terra ecosystem.
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PEPE PREDICTION
WATCH OUT đ§đ§
The PEPE coin price hovered at $0.00001068, making a solid surge of 17%. This recent performance marks a notable recovery from its lower trading value at $0.00008886, reaching a high of $0.00001045.
Pepe price has reached a critical resistance level of $0.000011. If it breaks this barrier, The value could climb to $0.000012. In the wake of a strong market rally, it might even escalate to $0.000015. With sustained market enthusiasm, the altcoin could potentially hit $0.00002, gaining more than 91% during the upcoming bullish trend.
The daily technical indicators for the PEPE price show a significant upward movement in recent trading sessions. The Relative Strength Index (RSI), currently at 73.82, suggests the asset is overbought territory, eyeing more gain.
Currently, the majority, or 93.62% of PEPE holders, are âin the money.â This positive market sentiment and a 100% coverage rate position the token for a potential price surge as more investors may be drawn to its profitability and growing transaction volume.
Given the current market dynamics, the token trajectory appears promising. With whales like Arthur Hayes actively participating and a significant surge in Bitcoin and other meme coins, the bullish sentiment around PEPE will likely intensify. As it approaches critical resistance levels, breaking through could catalyze further substantial gains
PEPE Coin Price Eyes 90% Gain: Will It Break Critical Resistance?
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WATCH OUT đ§đ§
The PEPE coin price hovered at $0.00001068, making a solid surge of 17%. This recent performance marks a notable recovery from its lower trading value at $0.00008886, reaching a high of $0.00001045.
Pepe price has reached a critical resistance level of $0.000011. If it breaks this barrier, The value could climb to $0.000012. In the wake of a strong market rally, it might even escalate to $0.000015. With sustained market enthusiasm, the altcoin could potentially hit $0.00002, gaining more than 91% during the upcoming bullish trend.
The daily technical indicators for the PEPE price show a significant upward movement in recent trading sessions. The Relative Strength Index (RSI), currently at 73.82, suggests the asset is overbought territory, eyeing more gain.
Currently, the majority, or 93.62% of PEPE holders, are âin the money.â This positive market sentiment and a 100% coverage rate position the token for a potential price surge as more investors may be drawn to its profitability and growing transaction volume.
Given the current market dynamics, the token trajectory appears promising. With whales like Arthur Hayes actively participating and a significant surge in Bitcoin and other meme coins, the bullish sentiment around PEPE will likely intensify. As it approaches critical resistance levels, breaking through could catalyze further substantial gains
PEPE Coin Price Eyes 90% Gain: Will It Break Critical Resistance?
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#BTC
đšBitcoin Prices to Surpass $70,000 Soon
Stay Calm with a glass of wine đ„đ„ More LoadingđŁâ°
đšBitcoin Prices to Surpass $70,000 Soon
Stay Calm with a glass of wine đ„đ„ More LoadingđŁâ°
Impact of Changpeng Zhaoâs Release on BNB PriceđŻ
Changpeng Zhao, the founder of Binance, is a well-known figure in the industry. However, due to legal issues, he had to step down from his role as CEO. CZ completed a four-month prison sentence after paying a fine of 50 million dollars and was released on September 27. This event led to an immediate increase in BNBâs price.
CZâs first tweet after his release generated significant excitement among investors. With a âGMâ message, CZ greeted his followers, resulting in BNBâs price rising from 606.25 dollars to 616.53 dollars, marking the highest level of the month.
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Changpeng Zhao, the founder of Binance, is a well-known figure in the industry. However, due to legal issues, he had to step down from his role as CEO. CZ completed a four-month prison sentence after paying a fine of 50 million dollars and was released on September 27. This event led to an immediate increase in BNBâs price.
CZâs first tweet after his release generated significant excitement among investors. With a âGMâ message, CZ greeted his followers, resulting in BNBâs price rising from 606.25 dollars to 616.53 dollars, marking the highest level of the month.
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Terra Luna Classic Community Launches USTC Burning Proposal
Details of the USTC Burning Proposal
The new USTC burning proposal aims to burn a total of 46.55 million USTC through contract migration, focusing on wallets associated with the Mirror Protocol. Although these burns attracted attention in 2023, external investors have remained largely uninspired by recent news due to their minimal impact on pricing.
A previous attempt at a token burning proposal failed due to insufficient contract balances. Now, the community has renewed its focus on the issue. Chris Amani, CEO of TerraForm Labs, indicated during a community meeting that TFL plans to burn all Terra Classic assets.
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Details of the USTC Burning Proposal
The new USTC burning proposal aims to burn a total of 46.55 million USTC through contract migration, focusing on wallets associated with the Mirror Protocol. Although these burns attracted attention in 2023, external investors have remained largely uninspired by recent news due to their minimal impact on pricing.
A previous attempt at a token burning proposal failed due to insufficient contract balances. Now, the community has renewed its focus on the issue. Chris Amani, CEO of TerraForm Labs, indicated during a community meeting that TFL plans to burn all Terra Classic assets.
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LIVEMiconCrypto
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DOGEđ„đ„đ„
First target đŻ done
Still in play with Next target on
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Trend & X
đ€đ€đ€
First target đŻ done
Still in play with Next target on
Follow uS
Trend & X
đ€đ€đ€
Hamster Kombat Price Prediction???
Whatâs Next?
Where Is HMSTR Headed?
From a more technical perspective, the Hamster Kombat price could experience a further drop as the Chaikin Money Flow (CMF) indicator is negative, suggesting that selling pressure is increasing on the asset.
The price of HMSTR is consolidating downward. The price action moves sideways between support and resistance, indicating a potential breakdown, as shown by the arrows on the chart. Also, the increasing selling pressure may contribute to the Hamster Kombat price trending lower.
Key Support and Resistance Levels:
$0.0064: Immediate support is at 0.006400 USDT, which has been tested several times and is the lower boundary of the range.
$0.007: Immediate resistance is at 0.007000 USDT, marking the upper boundary of the current range.
Derivative traders are entering HMSTR shorts, which may negatively affect the token price as they believe it may drop lower
Hamster Kombatâs current market cap is $435 million, which is far below the amount that market speculation valued it at before listing.
Hamster Kombat price is looking bleak following their TGE event on Sept. Selling pressure is increasing as 131 million airdrop claimants rush to cut losses on their rewards. HMSTR may continue to drop unless market conditions change.
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Whatâs Next?
Where Is HMSTR Headed?
From a more technical perspective, the Hamster Kombat price could experience a further drop as the Chaikin Money Flow (CMF) indicator is negative, suggesting that selling pressure is increasing on the asset.
The price of HMSTR is consolidating downward. The price action moves sideways between support and resistance, indicating a potential breakdown, as shown by the arrows on the chart. Also, the increasing selling pressure may contribute to the Hamster Kombat price trending lower.
Key Support and Resistance Levels:
$0.0064: Immediate support is at 0.006400 USDT, which has been tested several times and is the lower boundary of the range.
$0.007: Immediate resistance is at 0.007000 USDT, marking the upper boundary of the current range.
Derivative traders are entering HMSTR shorts, which may negatively affect the token price as they believe it may drop lower
Hamster Kombatâs current market cap is $435 million, which is far below the amount that market speculation valued it at before listing.
Hamster Kombat price is looking bleak following their TGE event on Sept. Selling pressure is increasing as 131 million airdrop claimants rush to cut losses on their rewards. HMSTR may continue to drop unless market conditions change.
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#BTC đ„đ„đ„
Bitcoin at 66k
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Bitcoin at 66k
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BE PREPARED
CRYPTOCURRENCY FAMđŻ
The last four-year cycle, #Bitcoin found support at the 21-week EMA after a halving correction. This time we found support at the 50-week EMA. BTC is about to close again above the 21 EMA. The future looks bright, so be prepared.đšđš
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CRYPTOCURRENCY FAMđŻ
The last four-year cycle, #Bitcoin found support at the 21-week EMA after a halving correction. This time we found support at the 50-week EMA. BTC is about to close again above the 21 EMA. The future looks bright, so be prepared.đšđš
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LUNC News: Terra Luna Classic Community Votes to USTC More Burn Proposalđ„đ„đ„
The Terra Luna Classic community has recently initiated a USTC burn proposal, which has gained notable traction from the market participants. This initiative follows TerraForm Labsâ recent move to wind down its operations and burn remaining assets, which has noted significant attention from the community members.
Meanwhile, this latest proposal seeks to safeguard the Terra Classic community by removing inactive contracts and burning USTC holdings.
LUNC News: Terra Luna Classic Community Votes On USTC Burn Proposal
The latest USTC burn proposal has gained traction from the Terra Luna Classic community. According to the proposal, it aims to burn a total of 46.55 million USTC through a contract migration, with a specific focus on wallets linked to the Mirror Protocol.
Notably, this move follows a previous attempt to execute a burn proposal that failed due to insufficient contract balances. Now, the community is revisiting the matter, with renewed urgency. TerraForm Labs CEO Chris Amani mentioned in a community wind-down meeting that TFL intends to burn all Terra Classic assets.
Meanwhile, this approach is driven by a need to ensure security and compliance with ongoing legal requirements. According to Amani, the wallets in question will be destroyed rather than leaving keys vulnerable to future access. âBurning would be the best option,â he emphasized.
The proposal indicates that with a substantial amount of USTC and LUNC linked to these contracts, the community must act swiftly to secure the assets through migration and burn the funds. Besides, it highlights the importance of this action as part of the larger effort to prevent further complications following TFLâs exit from the Terra ecosystem.
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The Terra Luna Classic community has recently initiated a USTC burn proposal, which has gained notable traction from the market participants. This initiative follows TerraForm Labsâ recent move to wind down its operations and burn remaining assets, which has noted significant attention from the community members.
Meanwhile, this latest proposal seeks to safeguard the Terra Classic community by removing inactive contracts and burning USTC holdings.
LUNC News: Terra Luna Classic Community Votes On USTC Burn Proposal
The latest USTC burn proposal has gained traction from the Terra Luna Classic community. According to the proposal, it aims to burn a total of 46.55 million USTC through a contract migration, with a specific focus on wallets linked to the Mirror Protocol.
Notably, this move follows a previous attempt to execute a burn proposal that failed due to insufficient contract balances. Now, the community is revisiting the matter, with renewed urgency. TerraForm Labs CEO Chris Amani mentioned in a community wind-down meeting that TFL intends to burn all Terra Classic assets.
Meanwhile, this approach is driven by a need to ensure security and compliance with ongoing legal requirements. According to Amani, the wallets in question will be destroyed rather than leaving keys vulnerable to future access. âBurning would be the best option,â he emphasized.
The proposal indicates that with a substantial amount of USTC and LUNC linked to these contracts, the community must act swiftly to secure the assets through migration and burn the funds. Besides, it highlights the importance of this action as part of the larger effort to prevent further complications following TFLâs exit from the Terra ecosystem.
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DOGEđ„đ„đ„
First target đŻ done
Still in play with Next target on
Follow uS
Trend & X
đ€đ€đ€
First target đŻ done
Still in play with Next target on
Follow uS
Trend & X
đ€đ€đ€
LIVEMiconCrypto
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#DOGE đđđđ„
The DOGE price surged from $0.091 to $0.108, accounting for an 18.4% surge, while the market cap boosted to $15.8 Billion.
This joke coin is just 7% away from a critical breakout above the $0.115 resistance, positioning it for a potential higher rally...
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The DOGE price surged from $0.091 to $0.108, accounting for an 18.4% surge, while the market cap boosted to $15.8 Billion.
This joke coin is just 7% away from a critical breakout above the $0.115 resistance, positioning it for a potential higher rally...
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PEPE đ€đ€đ€đ€
All predictions in play
Great one MiconCrypto Community
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Trend & X
4 More & More
All predictions in play
Great one MiconCrypto Community
Follow uS
Trend & X
4 More & More
LIVEMiconCrypto
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PEPE EXPLOSION đŁđŁđŁ
STILL ONđ
the price of Pepe Coin has once again captured the attention of traders. This meme coin has risen due to its strong correlation with Ethereum $2,635. PEPE has been following Ethereumâs price movements closely for some time.
Increase in Ether Burn Rates
According to LookonChain data, the daily Ether burn rate has significantly increased in the past week. This surge may also contribute to the rise in Ethereumâs price. LookonChain reports that daily ETH burn has increased by 163% over the last week. If the network remains inflationary due to a decline in transaction fees but revives activity and continues to see burns, it may become deflationary again.
PEPE Analysis
PEPEâs 60-day correlation with ETH stands at 0.92, which is higher than its correlation with Bitcoin $65,209. The price of PEPE shows recovery signals as it breaks out of a rising triangle formation, with potential to rise to $0.00001250. Additionally, PEPE may find support at levels of $0.00000080 and $0.00000070, but a drop below these levels may signal weakness for bulls.
Bitcoin is attempting to surpass the $65,800 mark and destroy strong selling liquidity, which is positive for PEPE Coin. With ETH starting to close above $2,650, BTC is trying to establish $65,500 as support. If PEPE Coin experiences double-digit gains, it could open the door to all-time high attempts similar to those seen in previous months.
As noted in earlier market assessments, strong expectations from traders in bull markets have led to higher consolidation levels for assets like PEPE Coin and FLOKI. This offers them the potential for better performance in similar rising environments.
In light of this information, closely monitoring developments in the Pepe Coin and Ethereum markets could provide an advantage for traders. The dynamic nature of both assets can vary based on market conditions.
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STILL ONđ
the price of Pepe Coin has once again captured the attention of traders. This meme coin has risen due to its strong correlation with Ethereum $2,635. PEPE has been following Ethereumâs price movements closely for some time.
Increase in Ether Burn Rates
According to LookonChain data, the daily Ether burn rate has significantly increased in the past week. This surge may also contribute to the rise in Ethereumâs price. LookonChain reports that daily ETH burn has increased by 163% over the last week. If the network remains inflationary due to a decline in transaction fees but revives activity and continues to see burns, it may become deflationary again.
PEPE Analysis
PEPEâs 60-day correlation with ETH stands at 0.92, which is higher than its correlation with Bitcoin $65,209. The price of PEPE shows recovery signals as it breaks out of a rising triangle formation, with potential to rise to $0.00001250. Additionally, PEPE may find support at levels of $0.00000080 and $0.00000070, but a drop below these levels may signal weakness for bulls.
Bitcoin is attempting to surpass the $65,800 mark and destroy strong selling liquidity, which is positive for PEPE Coin. With ETH starting to close above $2,650, BTC is trying to establish $65,500 as support. If PEPE Coin experiences double-digit gains, it could open the door to all-time high attempts similar to those seen in previous months.
As noted in earlier market assessments, strong expectations from traders in bull markets have led to higher consolidation levels for assets like PEPE Coin and FLOKI. This offers them the potential for better performance in similar rising environments.
In light of this information, closely monitoring developments in the Pepe Coin and Ethereum markets could provide an advantage for traders. The dynamic nature of both assets can vary based on market conditions.
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