LUNC News: Over 726 Million USTC Burned After Proposal Passes
In the major news for the $LUNC community today, more than 726 million $USTC were burned through Anchor Protocol contract migration. The burn came after the community approved proposal 12135 to burn tokens in wallets of #TerraformLabs -owned Anchor Protocol.
The proposal was passed narrowly by the Terra Luna Classic community with 27.23% votes in favor. Among validators, nearly 25% voted âYesâ and 48% voted âAbstainâ including Allnodes. However, 92% of delegators supported the proposal as the tokens belong to the community.
The developer migrated Anchor Protocol contract to a new code via governance similar to Risk Harbor. However, the execution on the Mirror Protocol failed to burn 46 million #USTC . The proposal is submitted again, but developer claims to investigate the reasons behind the failed execution.
All #TerraLunaClassic assets as stated by TFL CEO Chris Amani and ordered by the court judgment should be burned. TFL will not interact with Columbus-5 or Phoenix-1 chains after October 31. Any token burn or transfer will be difficult post the court-approved date.
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WHAT'S HAPPENED WITH DOGS?
$DOGS /USDT is currently trading at $0.0008832, down 5.24% in the last 24 hours, with a high of $0.0009601 and a low of $0.0008437. The 24h trading volume is 50.83B DOGS, reflecting active market participation. Technical indicators show the MA(7) at $0.0009073, the MA(25) at $0.0009271, and the MA(99) at $0.0009464, indicating potential consolidation. Key resistance is at $0.0009601, while support is around $0.0008437. Traders should keep an eye on price movements for potential volatility.
Unlocking Opportunities with DODO: A Deep Dive into Its Unique Features and Market Potential
1. Innovative Product Features: DODO offers an array of unique functionalities, including its one-click token issuance, self-initiated mining, and Pegged Pools. These features empower users to create and manage digital assets seamlessly.
2. Capitalizing on the Meme Boom: With the meme sector gaining momentum, DODO's multi-chain one-click token issuance and the upcoming Meme platform are poised to attract significant traffic, leveraging the viral nature of meme coins to enhance user engagement.
3. Support for BTCFi and Meme Coins: DODO's diverse features can bolster the development of BTCFi assets and meme coins. The one-click token issuance simplifies the creation of meme tokens, while self-initiated mining incentivizes participation, driving liquidity and innovation.
4. Growth Potential: DODOâs relatively lower market cap, coupled with backing from leading institutions, positions it for substantial market growth. As it capitalizes on emerging trends, the potential for returns is significant.
Join us as we explore how DODO is setting the stage for the future of digital assets!
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*Top Altcoins to Stack for Next Week*
With the recovery rally in Bitcoin taking a retest of the $63K mark, the anticipations for a bounce back to $70K next week are increasing.
Amid the growing bull market chances, the low-cap altcoin is ready for a massive moonshot in the next week.
While many are gaining momentum, some are ready for a trend reversal rally with a bullish breakout.
*Top Altcoins To Buy:*
đč*Loom Network (LOOM)*
With a market cap of $77M, Loom Network has increased by 21.80% in the past 24 hours.
Recording a staggering growth of 36.59% over the last seven days, the Loom token price is currently trading at $0.06269.
In the weekly chart, the Loom Network shows a bullish reversal from the crucial support of $0.035, teasing a double-bottom reversal. The reversal rally will challenge a potential death cross in the 50-200-week EMA.
Last week, the altcoin increased by 10%, followed by a 23% rise this week, creating two consecutive weekly bullish candles.
As it heads towards the declining trend lines, the $0.10 psychological mark is a potential target for next week if the buyers can surpass the overhead dynamic resistances.
đč *Ardor (ARDR)*
In the weekly chart, the Ardor price action reveals a bullish reversal from $0.05839.
This week, the coin price has increased by 24.45% from the opening price of $0.06488 to the current market price of $0.08078.
With a market cap of $81 million, the altcoin has increased by 10.75%, reveals an intraday gain of 10.75%, and teases a golden crossover between the 50-day and 200-day EMA.
As on the previous swing high, the potential target for the recovery rally is $0.13807 and $0.2242.
đšđ»đčđŒđ°đž đŹđŒđđż đđčđđș đŁđŒđ¶đ»đđ!
How many Blum points do you currently have? Share your totals and see how you stack up against others! Letâs see whoâs leading the pack!
Unlocking Opportunities with DODO: A Deep Dive into Its Unique Features and Market Potential
1. Innovative Product Features: DODO offers an array of unique functionalities, including its one-click token issuance, self-initiated mining, and Pegged Pools. These features empower users to create and manage digital assets seamlessly.
2. Capitalizing on the Meme Boom: With the meme sector gaining momentum, DODO's multi-chain one-click token issuance and the upcoming Meme platform are poised to attract significant traffic, leveraging the viral nature of meme coins to enhance user engagement.
3. Support for BTCFi and Meme Coins: DODO's diverse features can bolster the development of BTCFi assets and meme coins. The one-click token issuance simplifies the creation of meme tokens, while self-initiated mining incentivizes participation, driving liquidity and innovation.
4. Growth Potential: DODOâs relatively lower market cap, coupled with backing from leading institutions, positions it for substantial market growth. As it capitalizes on emerging trends, the potential for returns is significant.
Join us as we explore how DODO is setting the stage for the future of digital assets!
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$BTC
đđ Legendary Trader John Bollinger Breaks Silence on Bitcoin (BTC) Price Action: Details: đđđđ
đ„Legendary trader John Bollinger has shared his insights on the current Bitcoin (BTC) price action, offering his analysis of the market's movements. Known for his creation of the Bollinger Bands, a widely used technical analysis tool, Bollinger's observations remain valued by the crypto community.
đ„Bollinger observes a W pattern forming on the weekly Bitcoin chart, marking a bullish setup. "Nice little W pattern on the weekly BTCUSD chart. I drew a regression channel to highlight the flag that is forming. Bullish setup, Awaiting confirmation," the Bollinger band creator wrote in a recent tweet.
đ„A "W" pattern marks a double bottom, often regarded as a bullish signal. A double bottom is formed following a single rounding bottom pattern which can also be the first sign of a potential reversal.
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$BNB $TON
đ CHZ Descending Channel Breakout Confirmed! đ„
The breakout from the descending channel has been confirmed and successfully retested! This could lead to a strong price surge, with a major resistance zone at $0.950 đ
đŻ Mid-term targets to watch for:
$0.300 â
$0.595 đ
Keep an eye on this breakout as CHZ could be heading for significant gains! đȘ
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DODO: A Game Changer in Decentralized Finance
DODO X is a cutting-edge decentralized trading platform backed by top institutions like Binance Labs and Pantera Capital. It's designed to provide the best trading experience with a range of innovative features.
Key Features:
1. Multi-Function Platform: DODO offers liquidity pools, cross-chain trading, autonomous mining, and easy token creation, making it flexible for all kinds of users.
2. One-Click Coin Issuance & Meme Platform: DODO simplifies the coin issuance process, especially for Meme coins, which could attract developers and help grow the Web3 community.
3. Support for BTCFi & Meme Coins: DODOâs anchor pool, coin issuance, and self-mining features help support the growth of BTCFi assets and Meme coins, providing more flexibility and liquidity.
4. Growth Potential: With a low market cap but strong institutional backing, DODO has the potential to rise quickly in the decentralized finance space.
#DODOć©ćMemećèĄ $DODO $CHZ @DODO_official #DODO