Elon musk on #Doge | BTC CËÔ on Binance Square

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Elon musk on #Doge 

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#ElonMusk Views about $DOGE . Comparing its Potential with $BTC & use words to be Transactional Currency. Currently Doge is at number 7 with total market capital 56.92B $ & total volume 147.48B Circulating in the Market.

#Write2Earn! #BinanceAlphaAlert #Binance250Million #doge⚡ $SHIB

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Over 1.5Billion $LUNC Burned in one week

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The ongoing pullback is likely part of the handle formation. Therefore, it’s possible that Terra Luna Classic’s price will rebound as long as it holds above the key support level at $0.00009060. If this recovery materializes, the initial target to watch will be the double-top level at $0.000122, followed by the upper side of the cup at $0.0001310 and last December’s high of $0.000179. A return to last month’s high would represent a 73% jump from the current price.

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🌖 Will LUNC recover as Terra Classic burn and staking accelerates Terra Luna Classic dropped to the key support level of $0.00010, its lowest point since Dec. 20 last year. It has slipped by 42% from its December high. One potential catalyst for the LUNC price is the ongoing token burns, which have accelerated over the past few months. Data from LUNC Metrics shows that the network has burned over 397 billion tokens since May 2022. In the past seven days alone, 341 million tokens have been burned, with the number continuing to grow. On January 10, the daily burn jumped to over 686 million. Binance remains the largest LUNC burner, having incinerated almost 70 billion tokens. Meanwhile, DFLUNC Protocol and LunaticsToken have burned over 2 billion and 1.9 billion LUNC, respectively. These token burns have helped reduce LUNC’s circulating supply over the past two years to 6.50 trillion. In theory, token burns boost a cryptocurrency’s price by reducing supply and increasing the value of the remaining tokens. Meanwhile, more data shows that investors have increased their staked tokens over the past few days. The staking ratio has risen to 15%, or 981 billion LUNC tokens, up from last week’s low of 14.8%. A higher staking ratio is a positive sign for a cryptocurrency, as it reduces the number of tokens available for sale on the market, thereby easing selling pressure. These positive metrics may help support a recovery in LUNC’s price once the ongoing sell-off ends. LUNC price analysis The daily chart shows that LUNC price peaked at $0.0001790 in December before erasing some of those gains to reach the current $0.00010 level. This retreat has occurred amid ongoing weakness in the broader crypto market. Most recently, the token broke below the key support at $0.0001054, which was the neckline of a small double-top chart pattern. Additionally, LUNC has moved below both the 50-day and 200-day moving averages. On a positive note, the coin has formed a cup and handle pattern, a popular bullish continuation indicator.

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🌖 LUNC and USTC Prices to Recover LUNC price is down 15% in a week amid the broader crypto market crash, with the price currently trading at $0.0001022. The 24-hour low and high are $0.0001012 and $0.0001046, respectively. As per an analysis, LUNC price is following the altcoin market trend exactly. The price is at the key Fibonacci 0.618 level. Additionally, trading volume remains at the lowest level. These sections do not last long, cause extreme volatility, and usually have a set direction. Meanwhile, USTC price climbed nearly 1%, with the price now trading at $0.0185. However, the trading volume saw a 15% decline in the last 24 hours. The price is still down more than 15% in a week.

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Billions of LUNC and USTC Tokens Burn The Terra Luna Classic community is planning major LUNC and USTC burn campaigns after Terraform Labs bankruptcy. With support from Binance LUNC burn mechanism, the community has burned nearly 400 billion LUNC tokens in total. Currently, the community plans to burn 1.8 billion USTC in Luna Foundation Guard-linked wallets, burning all USTC in the Oracle rewards pool, and burn LUNC and USTC in wallets no one has access to. The plans were proposed by Lunanauts validator, hoping for potential repeg. Building for Utility on Terra Classic Network Recently, the network was successfully boosted with “Upgrade to v3.3.0” to increase utility on the Terra Luna Classic, removing barriers for developers and dapps wanting to build on the chain. The Terra Luna Classic ecosystem is growing with Terraport, LBUN, Selenium, Garuda DEX, and TerraCasino. Selenium Protocol was created in line with Mirror Protocol, the most important protocol of the Terra chain. Terra Co-Founder Do Kwon’s Criminal Trial Terraform Labs co-founder Do Kwon was finally extradited to the U.S. authorities, but he pled not guilty to a nine-count indictment charging him with securities fraud, wire fraud, commodities fraud and money laundering conspiracy. Do Kwon’s criminal fraud trial will likely not begin until January 2026 as prosecutors work on unlocking encrypted devices and translating communications from Korean into English.

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