By buying back $USTC then burning it, we are creating buy pressure which helps to reduce the debt USTC has after its depeg, and helping to increase its price ready for a repeg!
Doing this puts us in better footing for a repeg if we can increase its price.
🤔WHY NOT #LUNC ?...
Don't worry about $LUNC we haven't disowned you! Once we stabilise USTC and manage a repeg, our lovely LUNC will be burnt at a rapid pace through the Market Module (MM) - A pace no burn can match!
✅️ Anyone is welcome to join in with us, tag a validator to get them on board 🙏🏼
HOW DO I BURN?...
1️⃣ Buy USTC on a DEX and send to the burn address. or 1️⃣ Swap any coin to USTC via station wallet or equivalent, then burn.
The fact that Do Kwon has now been extradited to the US and hastily appeared before the judge shows that we are nearing the end of the process.
#LUNC, #USTC and LUNA prices have not been affected by these developments. We can say that they are currently moving with the market.
➖Do Kwon's main hearing will take place on January 8. The developments that will occur in this hearing will affect the LUNC$LUNC, USTC$USTC and LUNA$LUNA prices in the short term.
We do not think that it will have an impact in the long term.
➖While Do Kwon's hearings continue; There may be developments regarding TFL's assets. They may make some moves to positively influence the court.
We are in an exciting process. We have now come to the end of the legal processes. Afterwards, there will be a blockchain looking ahead...
#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.
🎉 We’re thrilled to announce our latest Buy Back and Burn Initiative, successfully removing 40,228 USTC from the supply forever! 🔥 This is a significant step towards strengthening our ecosystem and paving the way for a robust #repeg. 💪
🎉 A huge THANK YOU to our amazing validators who joined this initiative: @Lunanauts_Lunc @LVSNode @onlycryptobaron @LuncBurnItAll @BattleForceLunc @LuncCosmosNode @firefiuk Your support is invaluable! 🙌
🎉 Congrats to all community members who participated! Your involvement helps reduce the debt caused by the depeg, stabilizes our ecosystem, and sets the stage for a successful repeg. Together, we’re building a stronger future for #USTC!
🚨 Now, a call to action: We’ve noticed some of the large #LUNC validators who are always pro-burn and pro-tax remained silent on this initiative. 🤔 We encourage the community to reach out to them directly. Let’s hold our validators accountable!
⚠️ If these validators continue to stay silent, consider redelegating your stake to those who are actively supporting and building on our chain. Let’s ensure our network is backed by committed and proactive validators! 🔄
✅️ Together, we can drive positive change and ensure the longevity and success of our ecosystem. Let’s keep the momentum going!
Therefore, with the LUNC price remaining above these support levels, and with the burn rate continuing, it is likely to rebound. If this happens, the first target to watch will be the support at $0.0001311, up by 21% above the current level. That will be followed by a move to the December high of $0.000179.
The alternative scenario is where the Terra Luna Classic price loses the psychological support at $0.00010. This level, which coincides with the ascending trendline, will point to more downside, potentially to $0.000079, its lowest swing on November 3.
The crypto world is buzzing with anticipation as the PAWS token nears its listing! 🐾 While the team hasn't officially announced a listing price, leaving room for speculation, early estimates suggest a range between $0.0072 and $0.0078. 📈 These estimates are based on comparisons with similar meme coins like DOGS, which have seen significant growth in the past. 🐕 However, it's important to remember that the crypto market is volatile, and prices can fluctuate significantly. 🎢 So, what does this mean for potential investors? 👀 Well, it's crucial to do your own research and invest wisely. While the potential for gains is exciting, it's also important to be aware of the risks involved. ⚠️ Stay tuned for more updates as the PAWS token listing draws closer! 🚀
CZ’s Alleged $LUNC & $LUNA 2.0 Holdings: What Does This Mean for the Market? 🚨 There’s been growing speculation around Changpeng Zhao (CZ), CEO of Binance, and his supposed holdings of (Luna Classic) and 2.0. But what does this mean for the future of these assets, and the broader market? 🤔 What Does This Mean for and $LUNC? 1. Market Sentiment: CZ’s support could be a game-changer for LUNA 2.0 and LUNC. If Binance’s CEO is heavily invested, it could signal strong market confidence in the restructured Terra ecosystem, sparking more investor interest. 2. Binance’s Role: As one of the world’s largest crypto exchanges, Binance’s involvement could bring liquidity, stability, and adoption to both tokens. CZ’s holdings may indicate a long-term belief in their recovery. 3. $USTC - The Wildcard: $USTC, the stablecoin of the Terra ecosystem, could also benefit from Binance’s backing. If 2.0 and gain traction, $USTC could stabilize and regain its former glory, adding value across the board. 🚀 What to Expect Moving Forward? 🔹 Positive Price Action: CZ’s possible backing could lead to bullish sentiment. A surge in market interest may increase demand for $LUNA, $LUNC, and $USTC, pushing their prices higher. 🔹 Strategic Recovery: As part of a broader recovery plan, Binance could play a significant role in rebuilding the Terra ecosystem, fostering adoption and trust. 🌐 Why This Matters for Traders: • Diversify: If CZ’s influence is strong, $LUNA, $LUNC, and $USTC could present great opportunities. • Stay Informed: Keep track of Binance listings and any announcements regarding LUNA and USTC for important updates that could impact the market. 🔥 Final Thoughts: While CZ’s investment in 2.0 and remains unconfirmed, Binance’s support could be a catalyst for positive growth. Traders should watch these developments closely! 💹 Trade $LUNA, $LUNC, and $USTC now on Binance!
Terra Luna Classic price has retreated even as data points to an accelerating pace of burn rate. According to LUNCMetrics, the network burned 48.7 million tokens on Monday this week. Most of these burns, or about 44.5 million, were on-chain burns, while the rest were daily wallet burns.
The burn rate has been on an a gradual increase as the network incinerated 29.7 million tokens a day earlier and 17 million on Saturday. Terra Luna Classic has cumulatively burned over 286.9 million tokens in the last seven days. These burns have brought cumulative burns since inception in May 13 2022. The burning trajectory will likely continue to accelerate in 2025.
Burning or incinerating is a popular process in the crypto industry. In this process, tokens are moved to an inaccessible address, boosting their price by reducing the number in circulation.
LUNC price has also pulled back even as its ecosystem grows. For example, Air For LUNC, a top play-to-earn game in the network was recently named one of best blockchain action game of the year.
The LUNC price rose and peaked at $0.0001791 as Bitcoin and most other altcoins rallied. However, it then lost momentum and dropped 40% to its current $0.0001080. The token also moved below the important support level at $0.0001311, its highest swing on May 30th.
On the positive side, the coin formed a hammer pattern on December 20, a popular reversal sign. This pattern consists of a long lower shadow and a body. Another positive is that it has remained above the 200-day moving average and above the ascending trendline connecting the lowest levels since August.
Binance Will Add BIO Protocol (BIO) on Earn, Buy Crypto, Convert, Margin & Futures https://www.binance.com/en/support/announcement/18d55e705049436391711d031382860a
Today marks 16 years since the Bitcoin network went live with the creation of Block #0, forever changing the financial world. From its humble beginnings to near $96k, Bitcoin remains the king of crypto! 👑
🌟 Market Highlights: - ETH holds steady above $3.4k. - Top movers: 🔵 ADA +11.7% 🔵 VINU +4.3% 🔵 BANANA +3.6%
📲 Track these movers and more with the Simple app! Celebrate Bitcoin’s milestone by staying ahead of the market 🚀
Exactly 16 years ago, on January 3, 2009, Satoshi Nakamoto changed the world forever by launching the Bitcoin network and mining the genesis block. This block, the foundation of it all, generated 50 BTC and marked the birth of decentralized finance 🌐
💡 Fun fact: The genesis block contained a message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” A subtle nod to the system Bitcoin aimed to disrupt.
Today, we celebrate Bitcoin’s 16th birthday and honor the innovation that started it all 🎂
📲 Track Bitcoin’s journey and much more with the Simple app. Let’s shape the future of crypto together! 🚀
To become a millionaire with a $2,000 investment in Terra Classic (LUNC) by 2025, the coin's price would need to skyrocket. Let's look at a few scenarios: Assuming LUNC's current price is $0.00009, your $2,000 investment would get you approximately 22,222,222 LUNC tokens. Now, let's consider three possible future prices for LUNC in 2025:
1. $0.001: Your investment would grow over 10 times.
2. $0.01: You'd see significant returns, but still short of a million.
3. $0.10: You'd exceed a million, achieving your goal.
However, achieving $0.01 or $0.10 is highly speculative due to LUNC's massive supply and challenges. A significant token burn or adoption would be required for such growth. In summary, invest cautiously in LUNC, as it remains a high-risk asset. Consider diversifying your portfolio to balance speculative and stable investments.$LUNC
Bitcoin trades near $96K, shaking off monthly lows and surprising analysts who anticipated a deeper dip 🚀 Ethereum is steady at $3.4K, signaling market strength!
Binance Will Extend the Monitoring Tag to Include STMX & TROY, Remove the Monitoring Tag for CVX & SUN and Remove the Seed Tag for ARKM, BLUR, JTO & TIA on 2025-01-02 https://www.binance.com/en/support/announcement/00ae3dd0e47746f0a118c9ea3172dde3