#BSW is above the #trendline on the 1-hours #timeframe . T | WISE CRYPTO NEWS en Binance Square

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#BSW  está por encima del #trendline  en el #timeframe  de 1 hora. El precio se puede bombear desde el área verde. 
#TopCoinsJune2024 #BTC 

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What’s in Store for Terra Luna Classic? As the crypto bears battered LUNC to a shocking 35.3% monthly deficit, the #LUNCcommunity is now looking for ways to reduce the coin’s overprinted supply. This rejuvenation plan is heavily boosted by Binance, which eliminated 62 billion tokens from circulation. This accounts for almost 50% of all burned LUNC coins, now piling up to 125 billion $LUNC . The community burn efforts cut down the supply to 5.46T; the maintained scarcity has yet to see price appreciation from LUNC. Even though the efforts didn’t bring an immediate price impact, the altcoin’s Chaikin Money Flow (CMF) spiked to 0.38 as of press time, serving as a strong money inflow signal. In contrast, other important on-chain factors like the Relative Strength Index (#RSI ) pointed to an overbought condition at above 70 on the one-hour technical charts. Crypto traders should consider the coin’s forthcoming price volatility, as the widening Bollinger Bands suggest hefty price fluctuations. As of press time, #LUNC✅ trades at $0.00007108, slightly rebounding from the weekly lows of $0.00006035. This barrier marked a new three-month low for LUNC, retracing back to the levels of October 25, 2023. As most indicators remain bearish, #TerraLunaClassic ’s push to $0.0001 will be likely met with severe resistance. #CPI_BTC_Watch

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#TerraClassic chain validators on X are marking 20% as the next checkpoint for LUNC’s staking ratio. By increasing the metric, chain supporters are looking to reduce the remaining LUNC supply in addition to the burning procedures. Ultimately, this offers long-term potential for the crypto in question, as a large chunk is locked for multiple years. However, #LUNC✅ has faded below the $0.0001 support territory since June 17, 2024, with the global market cap slicing from $800 million three months ago to $388,198,208 as of July 8, 2024. Meanwhile, holders continue to showcase confidence in $LUNC , leaning on the staking & burning mechanism’s efficiency. Terra Luna Classic Sees Staking Boom, Shifting LUNC Dynamics The embattled #TerraLunaClassic (LUNC) chain has hit an all-time staking record, now sporting a solid staking ratio of 15.03%. At 1.018 trillion LUNC coins staked, the staking fund treasury now equals approximately $69 million at the current price range. Benefits Of 1T LUNC In Staking Vault #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date

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🇲🇾 Cryptocurrency #Miners in #Malaysia have stolen electricity worth 3.4 billion ringgit (~$724.9 million) from 2018 to 2023, reports Malay Mail. Deputy Minister of Energy Transition Akmal Nasir stated that such activities harm the country and have been expanding recently. ⚡️ Electricity thefts often go unnoticed due to the lack of local accounting, but energy companies have methods to detect unusual consumption. Confiscated equipment was also showcased, including 2022 items valued at 2.2 million ringgit (~$470,000). According to current legislation, all devices will be disposed of. Combating #electricity theft is a priority alongside increasing "green" generation from renewable sources. 🌿🔌 #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date

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📈 The share of cryptocurrency startups being launched in #Africa and Asia has risen to an all-time high. #Europe is now the leader with 31.4%, and #Asia holds the third spot with 26.8%. 👀 Meanwhile, the number of startups from the US and #Canada is rapidly declining amid regulatory uncertainty. 🤷 Notably, 39% of startups were launched by solo founders, while 51% consist of teams of 2-5 people. 🧐 #CPI_BTC_Watch

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👀 Realized losses over the past 30 days amounted to $403 million (i.e., the coins moved on-chain in the last month have depreciated by $403 million for their owners). 📉 🕵️‍♂️ This is similar to the losses after the market crash during the #COVID-19 period but 3.3 times less than the losses after the mining ban in #China and 4.6 times less than after the collapse of the $LUNA #ECOSYSTEM . #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date

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