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How to Buy Presale Crypto on Binance: A Comprehensive Guide
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Binance Burns 1.35 Billion Terra Luna Classic Tokens: An Analytical Report -Part 2 Here's the Analysis Binance's decision to burn 1.35 billion LUNC tokens is a significant move in support of the Terra Luna Classic community. The burn mechanism is designed to reduce the hyperinflated LUNC token supply, which has been a major concern for the community. By burning a significant amount of trading fees, Binance is contributing to the reduction of the LUNC supply and supporting the community's efforts. The recent rally in LUNC and USTC prices suggests that the market is responding positively to the burn mechanism. The increase in prices is a sign of renewed interest in the tokens, and it may attract more traders and investors to the market. However, it is important to note that the burn mechanism may not have the desired effect on the LUNC price in the long term. The token's supply is still relatively high, and the burn rate may not be sufficient to significantly reduce the supply. Additionally, the market is subject to volatility, and any negative news or events could impact the LUNC price. My Final Thoughts: Binance's decision to burn 1.35 billion LUNC tokens is a positive move for the Terra Luna Classic community. The burn mechanism is designed to reduce the hyperinflated LUNC token supply, and it has contributed to the recent rally in LUNC and USTC prices. However, the long-term effects of the burn mechanism on the LUNC price are uncertain, and the market is subject to volatility. As the situation develops, it is essential to monitor the market trends and adjust investment strategies accordingly. #LUNC? #Binanceaward #CryptoNewss
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Binance Burns 1.35 Billion Terra Luna Classic Tokens: An Analytical Report -Part 1 As an introduction, let me state that Binance, the world's largest cryptocurrency exchange, has burned 1.35 billion Terra Luna Classic (LUNC) tokens in its 22nd batch of the LUNC burn mechanism. This move has pushed the total LUNC tokens burned by Binance to over 60 billion, accounting for more than 52% of the total LUNC burned by the Terra Luna Classic community. In this report, we will analyze the implications of this burn on the cryptocurrency market and the potential effects on the LUNC price. Now, Lte's Take a Background Look! The Terra Luna Classic community has been implementing a burn mechanism to reduce the hyperinflated LUNC token supply. The mechanism involves burning 1.2% of every LUNC transaction on the blockchain. Binance, in support of the community, has been burning a significant amount of trading fees on LUNC spot and margin trading pairs. 4 Things worth Remembering: First, Binance burns 1.35 billion LUNC tokens: This is the 22nd batch of the LUNC burn mechanism, and it brings the total LUNC tokens burned by Binance to over 60 billion. Second, Net burn hits 60 billion: The total LUNC tokens burned by the Terra Luna Classic community, including Binance's contribution, has surpassed 116 billion. Third, LUNC price rallies 17%: Despite the recent crypto market selloff, the LUNC price has rallied over 17% in the past month, trading at $0.000117. Last, USTC price surges 36%: The USTC price has skyrocketed over 36% in the past month, trading at $0.02367. (To be continued in part 2) #USTC... #LUNC✅ #LuncBurn #Binance
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JUST THINKING: WILL PEPE CONTINUE TO RALLY IN JUNE? The price of Pepe in June is highly volatile and subject to change, but here are some points to consider . The price of Pepe reached an all-time high of $0.00001725 on May 27, which is an 88% increase from the previous price. The price increase is linked to the SEC's approval of Ether ETF filings on May 20. The daily RSI for Pepe has surpassed 70, which indicates that Pepe is overbought and due for a price correction or consolidation. There is a high likelihood of a price correction in June, with some analysts predicting a 40% crash. The correction will depend on the performance of Bitcoin and Ethereum, as Pepe's performance is negatively correlated with the two. The price may fall to $0.00000965 by June, down 40% from the current price. On the other hand, if the uptrend continues, Pepe may test the 2.618 Fibonacci retracement level near $0.00002203, which is up 32% from the current price. Let me know what you think. #pepe⚡ #CryptoNewss #Dyor2024
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JUST THINKING: WILL PEPE CONTINUE TO RALLY IN JUNE? The price of Pepe in June is highly volatile and subject to change, but here are some points to consider . The price of Pepe reached an all-time high of $0.00001725 on May 27, which is an 88% increase from the previous price. The price increase is linked to the SEC's approval of Ether ETF filings on May 20. The daily RSI for Pepe has surpassed 70, which indicates that Pepe is overbought and due for a price correction or consolidation. There is a high likelihood of a price correction in June, with some analysts predicting a 40% crash. The correction will depend on the performance of Bitcoin and Ethereum, as Pepe's performance is negatively correlated with the two. The price may fall to $0.00000965 by June, down 40% from the current price. On the other hand, if the uptrend continues, Pepe may test the 2.618 Fibonacci retracement level near $0.00002203, which is up 32% from the current price. Let me know what you think. #pepe⚡ #CryptoNewss #Dyor2024
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