📈 Bitcoin Breaks Out of Falling Wedge Pattern! 📈 Bitcoin i | king Roby on Binance Square

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📈 Bitcoin Breaks Out of Falling Wedge Pattern! 📈Bitcoin is now breaking the falling wedge pattern, and this is a great sign. A candle close above the trendline will confirm the breakout, potentially pushing BTC towards the $66,000-$66,600 resistance area. 🚀
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🌖 LUNC to 119 in 2025? Let’s Get Real! I’ve seen some posts saying that *LUNA Classic (LUNC)* will reach *119* in 2025. Seriously? It seems like some people didn’t do their homework or *market research*. Here’s the Truth Even if they burn *trillions of tokens*, *119* is just *impossible* in the short-term. Sure, burning tokens can help *reduce supply*, but it's going to take *years* to even make a dent in the total circulating supply to reach such a high price. *LUNC* would need *a massive market cap* to even come close to119—and that’s just not realistic for a token like this anytime soon. What You Need to Know - *LUNA’s Fall*: Remember *the LUNA crash in 2022*? That event changed everything for *LUNA Classic* (LUNC) and the entire *Terra ecosystem*. It shattered confidence, and we’re still recovering from the fallout. - *Current Price*: *LUNC* is currently trading at *around 0.0001* (as of now). At these levels, it would need to grow by a *huge percentage* to even reach1, let alone 119. Why119 is Unrealistic 1. *Total Supply*: *LUNC* has a *massive supply* (in the *trillions*), and burning tokens will take years to reduce it significantly. Even if they burn a huge chunk, the price won’t skyrocket that fast. 2. *Market Cap*: For *LUNC* to reach 119, its market cap would need to be *in the trillions*, which is nearly impossible for a coin with its current market cap. Bitcoin itself is *worth less than1 trillion*. 3. *Adoption and Use Case*: Just burning tokens isn’t enough. *LUNC* needs real-world *adoption* and *utility* to drive its price up. Without that, it’s just speculative hype. Stop Misleading New Traders! - *Do your research*: The market is tough, and misleading information only harms new traders who don’t know better. - *Long-term vision*: If you're holding *LUNC*, keep your expectations realistic. The road to recovery for *LUNA* is a *long one*, and it's not going to hit 119 anytime soon. - Patience For LUNA to regain its glory, it will require years of rebuilding the trust and a *stronger ecosystem

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🌖 LUNC Burn Fuels Terra Classic Price to Eye Huge 170% Rally The recent burn of 1 billion LUNC tokens by Binance has reignited investor interest in Terra Luna Classic price. The token’s trading volume on Binance has surged, fueling optimism about its price prospects. The Terra Classic Foundation announced that 50% of trading fees will be used to buy back and burn LUNC tokens. This strategy aims to reduce the token’s circulating supply, boosting market expectations for a potential price rally. According to LUNC metrics, 393 million LUNC tokens were burned in the past seven days. Since May 13, 2022, the total burn count has reached 389.25 billion tokens. Despite this, the current circulating supply remains high at 6.51 trillion tokens, with the total supply slightly above 6.52 trillion.

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LUNC Price To Hit $0.0005? The Terra Luna Classic community’s proactive efforts, including token burns and governance updates, have strengthened optimism for a price surge. Besides, the upcoming Binance burn is poised to remove a significant chunk of tokens from circulation, which might also boost the asset’s value higher in the coming days. However, LUNC price today was down more than 1.5% to $0.0001088, while its trading volume dropped by 65% to $68 million. Over the last 24 hours, the token has touched a high of $0.0001119, while noting a weekly gains of 10%. Terra Classic Futures Open Interest decreased by 11% to $9.33 million, CoinGlass data showed, indicating investors are taking a pause ahead of the highly anticipated Binance burn. However, a recent LUNC price analysis hints at a potential 480% rally for the crypto, which might send its price to $0.000593.

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🌖 What Reverse Charge Tax Brings for LUNC The new tax system on Terra Classic’s L1 chain will replace the previous ‘Tax2Gas’ consensus, eliminating the previous requirement for the payment sender to pay the transfer tax as an extra fee. This outdated logic has imposed multiple challenges on developing decentralized applications on the network, particularly those native to other blockchains. According to the updates on Orbit Labs’ official X account, the work on implementing this on a Pay-per-Job (PPJ) basis, focusing on fixing interchain tests introduced in SDK 0.47, as well as carrying out a comprehensive code overview of the community-approved “Reverse Charge” mechanism. Overall, the developers at Orbit Labs set a $2,500 budget for this work to be done.

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🌖 LUNC’s Path to Recovery: Big Potential Ahead Despite some recent market fluctuations, the LUNC ecosystem is witnessing a recovery fueled by its growing community support and burn initiatives. The excitement around LUNC is palpable as more investors and traders look to capitalize on its potential for a significant comeback.

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