Ir iestatīts, ka tūlītējo Bitcoin biržā tirgoto fondu (ETF) apstiprināšanas logs tiks atvērts mazāk nekā 20 dienu laikā, un kriptovalūtu nozare ir satraukta. Pazīstamais kriptovalūtu ietekmētājs Crypto Rover nesen publiskoja rūpīgu nepabeigto ETF failu sarakstu, sniedzot ieskatu iespējamajos pretendentos, kuri joprojām meklē Vērtspapīru un biržu komisijas (SEC) apstiprinājumu.
Situācija ar gaidāmajiem Bitcoin ETF
Ekrānuzņēmums no Crypto Rover tabulas sniedz interesantu informāciju par lietojumprogrammām neapstiprinātajiem Bitcoin ETF. No trīspadsmit sarakstā iekļautajiem šogad tika iesniegti divpadsmit, kas liecina, ka kriptovalūtu nozare kļūst arvien vairāk ieinteresēta, lai šie investīciju instrumenti saņemtu regulatoru apstiprinājumu.

Vai meklējat (MOVR) Moonriver cenu prognozi? Kriptovalūtas ir kļuvušas par globālu fenomenu, kas visā pasaulē pastāvīgi iegūst apgriezienus. Moonriver (MOVR) izceļas kā ievērojams digitālais aktīvs šajā strauji augošajā tirgū, piesaistot ievērojamu uzmanību kopš tā pirmsākumiem.
Ja jūs interesē Moonriver (MOVR) iespējamā trajektorija tās cenas ziņā nākamajos 10 līdz 15 gados, ir svarīgi atzīmēt, ka MOVR nākotnes vērtības prognozēšana pastāvīgi mainīgajos un nestabilajos kriptovalūtu tirgos ir izaicinājums. uzdevums.

Slavenais riska kapitālists Tims Drapers ļoti optimistiski prognozēja Bitcoin. Pēc Drapera domām, 2024. gadā Bitcoin sasniegs 250 000 USD
Ir palicis gandrīz mazāk nekā 1 mēnesis, līdz mēs ieiesim 2024. gadā. Šajā brīdī Bitcoin pārsniedza 40 000 USD līmeni, ko tas sasniedza 2022. gada aprīlī no šodienas rakstīšanas datuma. Nākamajos periodos Bitcoin ir divi svarīgi notikumi. Pirmais no tiem ir Bitcoin ETF lietojumprogrammu apstiprinājumi uzņēmumiem, kas pārvalda triljoniem dolāru lielus līdzekļus. Otrais notikums ir vēl svarīgāks bitkoinu samazinājums uz pusi. Bitcoin samazinās uz pusi ik ​​pēc četriem gadiem. Šis notikums apgrūtina Bitcoin ieguvi. Bitcoin šajos periodos vienmēr ir bijis bullish. Ņemot vērā šos notikumus, slaveni eksperti kriptovalūtu analītiķi dalījās ar savām 2024. gada Bitcoin cenu prognozēm un komentāriem. Lūk, šīs prognozes.

Ace monēta, Fusionist projekta vietējais žetons, kas ilgu laiku atrodas testēšanas fāzēs, tika iekļauts sarakstā pēc Binance Launchpool. Lai gan lietotāji, kas iepriekš piedalījās Testnet, nopelnīja žetonus tūkstošiem dolāru, lietotāji, kas izmantoja Binance Launchpool, arī nopelnīja nelielu Ace daudzumu. Šajā rakstā mēs atbildēsim uz tādiem jautājumiem kā Ace Coin Token apskats, tā nākotne, kas notiks šodien, vai tas samazināsies. 
Ace Coin apskats
Tiek ziņots, ka kopējais Ace monētu piedāvājums ir 147 miljoni vienību. Aplūkojot Binance un citus marķieru analīzes datus, sākotnējā apgrozībā esošā piegāde tika ziņots kā 21 969 520. Tas mums šobrīd ir vissvarīgākais. Tomēr pat tas, ka kopējais piedāvājums ir 147 miljoni, liecina, ka cena viegli saglabāsies virs 7 dolāriem.

Shiba Inu (SHIB), kas iepriekš tika uzskatīts par spekulatīvu aktīvu nestabilajā kriptovalūtu tirgū, nedēļas nogalē piedzīvoja ievērojamu 20 procentu pieaugumu, iezīmējot ievērojamu attīstību tā trajektorijā.
Negaidītais vērtības pieaugums ir izraisījis diskusijas par#SHIBpotenciālu ticami sasniegt 1 dolāra atskaites punktu. Nesenais SHIB sniegums, kura vērtība šobrīd ir USD 0,0000100, uzsver krasu kontrastu no tā agrākajiem gandrīz 16% zaudējumiem, uzsverot kriptovalūtas dinamisko raksturu.

Shiba Inu (SHIB) has captivated the cryptocurrency world with its rapid rise as a meme token. Many investors and crypto enthusiasts are curious about SHIB's future price and whether it could reach the ambitious milestone of $1. This analysis will delve into the factors that could determine SHIB's trajectory.Shiba Inu's Current Market PositionShiba Inu (SHIB) has made a remarkable impression in the cryptocurrency market. As a meme coin that initially started as an alternative to Dogecoin, SHIB has grown beyond its novelty origins to become a significant player in the crypto space. With a current price of $0.00001007 and a market capitalization of $5.94 billion, ranking it at #16 in the cryptocurrency ecosystem, SHIB has demonstrated substantial market presence and investor interest. Market Movement: Over the past 24 hours, SHIB has seen an increase of approximately 2.79% in its value, while the volume has surged by 7.37% to $285.72 million. This indicates active trading and investor engagement with the token.Uptrend Indications: In the last week, SHIB has shown a promising upward trend, increasing by 16.53%. Over the past month, its price has risen by 17.58%, suggestinga robust growth trajectory and potential for further gains.Shiba Inu Price PredictionThe prospect of Shiba Inu (SHIB) reaching a price of $1 has been a topic of much speculation. Based on its current price of $0.000007558 and recent market performance, several factors need to be considered: Recent Performance: SHIB has shown fluctuations, with a recent decrease of 2.60% on the day and a loss of 1.97% over the previous week. However, it has maintained gains of 14.42% over the past month. Market Predictions and Sentiment: The future price movement of SHIB, like any cryptocurrency, is influenced by overall market sentiment and specific developments within the SHIB ecosystem. The launch of Shibarium, a major update, is expected to impact its price significantly. However, predicting whether this will propel SHIB to the $1 mark involves considerable speculation. Price Analysis from Experts: According to experts, there's an expected uptrend in SHIB's price by the end of 2023. AI predictions from platforms like CoinCodex and OpenAI's ChatGPT suggest a potential price increase, with CoinCodex forecast a 6.599% rise and ChatGPT indicating a more bullish 29.98% increase by the end of 2023.Can Shiba will reach $1?The prospect of Shiba Inu (SHIB) reaching $1 is highly improbable when considering its market capitalization. For SHIB to hit $1, its market cap would need to reach an astronomical figure, far surpassing even the most valuable companies in the world.As of now, SHIB's price is in the fraction ofa cent range, making its market cap substantial but nowhere near the levelit would need to be to reach $1 per SHIB. To put this into perspective, if SHIB were to reach $1, its market cap would have to be in the trillions of dollars, which is several times higher than the entire current market cap of all cryptocurrencies combined. Given these points, the possibility of it reaching $1 is highly speculative and would require a massive increase in its market cap and widespread adoption.Remember: A lot of Hardwork goes into for providing you Best Investment Articles. Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investmnent Advice.#Roarstock #shibainu #ShibaInuSurge #Shibaprice #shibaburn $SHIB

Shiba Inu, according to leading market analysts, holds the potential to reach notable price levels, potentially around 10 cents. This has stirred interest among potential investors keen to determine when this milestone might materialize. To contextualize, a move from SHIB's current price of $0.00000979 to 10 cents signifies a staggering increase of 1,021,350%. Despite the seemingly high percentage, SHIB witnessed an even more substantial surge during the 2021 rally, surpassing its previous all-time low by an astonishing 17,000,000%. This historical context implies that the notion of SHIB reaching $0.1 is not as implausible as it may initially appear.Insights from Talegaon, a well-regarded crypto assets analytics platform, explore ongoing Shiba Inu (SHIB) price discussions. The platform identifies three distinct price targets for SHIB and provides potential timelines for these scenarios. Caution is advised in interpreting these analyses, given the dynamic nature of the cryptocurrency landscape. Talegaon's data offers valuable insights into potential scenarios, providing investors with a foundation for evaluating strategies and expectations regarding Shiba Inu's future price movements.1.$0.1 Price Target by 2040-2050: Talegaon's analysis suggests SHIB could reach the $0.1 mark between 2040 and 2050. Within this timeframe, the platform projects maximum and average prices for 2040 at $0.089 and $0.076, respectively. Looking ahead to 2050, Talegaon predicts maximum and intermediate prices of $1.06 and $0.89, offering a comprehensive view of SHIB's potential trajectory.2.Other Price Targets and Timelines: Beyond the $0.1 target, Talegaon forecasts timelines for SHIB to reach other specific price targets, including $0.001 and $0.01. These additional insights contribute to a nuanced understanding of SHIB's potential growth in the coming years.Shiba Inu's Long-Term Viability: Navigating the Path to RelevanceAs discussions persist regarding the prospect of SHIB reaching $0.1, a critical question emerges: Can Shiba Inu withstand challenges and remain relevant well into the 2040s and 2050s? Launched in 2020, Shiba Inu is still in its cryptocurrency infancy, requiring strategic evolution and adaptability to thrive amid the growing number of cryptocurrencies. To endure and prosper over decades, enhancing real-world applications is imperative, surpassing its current status and actively improving functionality to offer tangible value. By doing so, SHIB can attract a broader user base, accelerating its adoption rate and elevating its relevance.In the dynamic cryptocurrency landscape, longevity is often tied to real-world utility and adaptability. Shiba Inu's ability to navigate this journey of development and application will undoubtedly shape its trajectory in the years to come.Disclaimer:This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. The responsibility for all buying, selling, and crypto asset investment activities lies with the reader.#Roarstock #Shibaprice #ShibaInuSurge #shibaburn #ShibaInuAI $SHIB

Amidst the current market resurgence, Shiba Inu (SHIB) holders are closely monitoring potential returns as the asset experiences fluctuations, with projections of $0.0001, $0.0005, and $0.0009.Investors and market observers continue to analyze these price targets, anticipating another round of explosive surges from Shiba Inu. This article assesses the potential returns for a 100 million SHIB investment if these prices materialize.As of press time, Shiba Inu is trading at $0.00001030. At this rate, acquiring 100 million tokens would cost $1,030. While currently priced slightly above $1,000, these tokens have the potential for higher values if SHIB sees a price increase.Returns for 100M SHIB if Shiba Inu Hits $0.0001If Shiba Inu rises to $0.0001, holders of 100 million SHIB would experience substantial returns. The investment would surge to $10,000, marking a noteworthy tenfold increase. This ROI translates to a profit of $8,970, indicating an 869% rise. Returns for 100M SHIB if Shiba Inu Hits $0.0005Optimists anticipating a more moderate increase could continue holding tokens beyond the $0.0001 level, aiming for a rally to $0.0005. Achieving this price would result in the 100 million tokens reaching a total value of $50,000.This 4,757% surge, more dramatic than the previous scenario, demonstrates the potential for substantial gains in the event of a significant price jump, yielding a profit of $48,970.Returns for 100M SHIB if Shiba Inu Hits $0.0009While some settle for $0.0001 and $0.0005, others may aim for more substantial goals, like the $0.0009 threshold. Reaching this price would elevate the 100 million SHIB investment to $90,000.Though not hitting the coveted one-dollar mark, this movement represents an 8,637% return on investment (ROI).While these scenarios offer promising outlooks for Shiba Inu holders, it's crucial to approach them with caution. The crypto market's volatility introduces inherent uncertainty, making predictions challenging.Shiba Inu reaching these price targets depends on factors such as market sentiment, overall demand, and external influences that can swiftly impact values. The extensive circulating supply of Shiba Inu adds an extra layer of challenge for the token to hit such price targets.#Roarstock #Shibaprice #ShibaInuSurge #shibaburn #SHIBAStrong $SHIB

The Shiba Inu team confirmed on Monday that the Shibarium layer-2 network will begin burning SHIB tokens from January 2024. Read here to learn more details about how many SHIB tokens will be burned by Shibarium every year for a better and more in-depth understanding.

According to the latest blog, 70% of the transaction fees initiated on Shibarium will be used to burn SHIB tokens. The rest 30% of the funds will be used to maintain the network helping it to run smoothly and efficiently.

Shibarium will collect fees in the governance Bone token, which is used as gas to conduct transactions on the network. Bone tokens will then be converted into SHIB automatically after they reach a threshold of $25,000 in value. After the conversion is completed, Shibarium will burn SHIB tokens and permanently remove them from circulation.

However, now that Shibarium is confirmed to burn SHIB tokens, is there a possibility for Shiba Inu to reach $1? In this article, we will highlight how many years it could take for Shiba Inu to hit the $1 mark through burns from Shibarium.

Shiba Inu: How Long For SHIB To Reach $1?

If everything goes right and assume that Shibarium burns 3 trillion tokens every year, it would still not make SHIB reach $1 in our lifetime. The dynamics here come into play differently as the supply would remain plenty with demand being scarce.

For the context, Shiba Inu has 589 trillion tokens in circulation and hardly just 1.3 million holders. The adoption is not catching up with the circulation making its price either dip or remain constant.

In conclusion, even if Shibarium burns 3 trillion SHIB tokens every year, it would take 98 years for Shiba Inu to reach $1. That’s simply not possible in our lifetime. However, if Shibarium manages to burn more than 100 trillion tokens per year, only then could Shiba Inu have any chance of hitting $1 before our lifetime.
#Roarstock
#SHIBFuture  #SHIBSurge

Introduction:Bitcoin, the pioneering cryptocurrency, has been a subject of fascination and speculation since its inception. With its price fluctuations capturing the attention of investors and enthusiasts alike, the question on many minds is: Can Bitcoin reach $100,000? In this blog, we'll delve into the factors that could influence Bitcoin's price and examine the arguments for and against its potential surge to $100,000.Market Trends and Historical Performance:Bitcoin's history is marked by notable price rallies and corrections. Analyzing past trends can provide insights into potential future movements. Historical data suggests that Bitcoin has experienced significant price increases, but it's essential to consider the dynamic nature of the cryptocurrency market.Factors Influencing Bitcoin's Price:Market Demand and Adoption: Increased demand often leads to higher prices. If Bitcoin continues to gain mainstream acceptance and adoption, it could attract more investors, potentially driving up its value.Institutional Participation: The involvement of institutional investors and major companies can have a substantial impact on Bitcoin's price. Institutional interest has grown over recent years, with notable investments and endorsements.Regulatory Developments: Regulatory decisions and frameworks can significantly affect the cryptocurrency market. Clarity and acceptance by regulatory bodies may boost confidence among investors, potentially leading to a positive price trajectory.Technological Developments: Advances in blockchain technology, scalability solutions, and improvements to the Bitcoin network can contribute to its long-term viability and may positively influence its price.Arguments in Favor of $100,000:Limited Supply: Bitcoin's capped supply of 21 million coins creates scarcity, often considered a fundamental factor supporting long-term value appreciation.Inflation Hedge: With concerns about inflation and economic uncertainty, Bitcoin is increasingly seen as a hedge against traditional financial market risks, attracting investors seeking a store of value.Growing Acceptance: The increasing acceptance of Bitcoin as a legitimate asset class and its integration into traditional financial systems could drive higher valuations.Counterarguments and Risks:Volatility: Bitcoin's price volatility remains a significant concern. Rapid price swings can lead to both substantial gains and losses, making it a high-risk investment.Regulatory Uncertainty: Evolving regulations could impact the market. Uncertainty regarding how governments will approach and regulate cryptocurrencies poses a risk to their widespread adoption.Conclusion:While predicting Bitcoin's future price with certainty is challenging, it's clear that multiple factors contribute to its valuation. The journey to $100,000 depends on a complex interplay of market dynamics, regulatory developments, and broader economic trends. Investors should approach cryptocurrency investments with careful consideration, understanding the inherent risks associated with this dynamic and evolving market.Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always conduct thorough research and consult with financial professionals before making investment decisions.#Roarstock #BTC #BTCto100K #BinanceSquare #bitcoin $BTC

COIN reached its highest level since April 2022 on Monday and remains at 19-month highs.
Cathie Wood's investment management firm ARK Invest has made its third sale of Coinbase (COIN) stock this week, dropping 37,377 shares worth almost $4.7 million at Thursday's closing price.
Along with sales on Nov. 27 and Nov. 29, ARK has sold around $15 million worth of COIN shares this week from its Next Generation Internet ETF (ARKW).
The crypto exchange's Nasdaq-listed shares reached their highest level since April 2022 at the start of the week, touching $119.77 on Monday. They fell 2.43% on Thursday to close at $124.72, but nonetheless remain at 19-month highs.

#Roarstock
#CoinbaseStock
#ARKInvestSellOff
#CryptoMarketMoves
#InvestmentInsights

In a noteworthy maneuver, MicroStrategy, a distinguished enterprise intelligence entity, has expeditiously procured an additional 16,130 Bitcoin (BTC) for an approximate sum of $593.3 million. The mean valuation per BTC in this transaction registered at $36,785, underscoring MicroStrategy's sustained dedication to fortifying its cryptocurrency reservoir.
This recent acquisition supplements MicroStrategy's already substantial Bitcoin treasury, elevating their total BTC possession to 174,530. The cumulated valuation of these assets is estimated at $5.28 billion, with an average procurement expense of $30,252 per BTC.
MicroStrategy's strategic methodology in cryptocurrency investment has established the corporation as a noteworthy participant in the progressing panorama of digital assets. The determination to augment their Bitcoin holdings accentuates an enduring confidence in the potential of cryptocurrencies as a reservoir of value.
The celerity of this latest procurement accentuates MicroStrategy's nimbleness in responding to market openings. As the cryptocurrency market undergoes continual undulations, MicroStrategy's anticipatory strategy in obtaining additional BTC illustrates a dedication to harnessing strategic prospects.
This maneuver aligns with MicroStrategy's broader vision of diversifying its asset assortment and solidifying a robust stance in the swiftly advancing digital economy. The company's anticipatory posture in amassing Bitcoin as a treasury reserve asset has attracted notice within financial and cryptocurrency circles.
MicroStrategy's meticulous strategy in cryptocurrency acquisition encompasses a thorough assessment of market dynamics, ensuring optimal ingress points for expanding their BTC holdings. The company's consistent communication concerning these procurements mirrors transparency and an allegiance to keeping stakeholders up-to-date.
As the dynamics of the cryptocurrency market metamorphose, MicroStrategy's strategic Bitcoin acquisitions persist in sculpting the discourse surrounding institutional involvement in digital assets. The substantial augmentation in their BTC holdings further cements MicroStrategy's standing as a pivotal player in the intersection of conventional finance and the burgeoning cryptocurrency realm.
This acquisition not only bolsters MicroStrategy's conviction in the intrinsic value of Bitcoin but also stands as a testament to the company's anticipatory posture in navigating the ever-shifting terrain of digital assets. As the global spotlight remains fixed on the cryptocurrency market, MicroStrategy's strategic maneuvers are poised to influence industry trends and perceptions concerning institutional participation in cryptocurrencies.
#Roarstock #CryptoStrategiesDecoded #DigitalAssetBoost #MicroStrategyMoves #BitcoinFortification

A U.S. court has decided that Jump Crypto, identified as a "third party" in the SEC's ongoing case against Terraform Labs, is permitted to confidentially submit specific information to the court, as outlined in a November 28 order.
In February, the SEC filed a lawsuit against Terraform Labs and its founder and former CEO, Do Kwon, alleging the sale of unregistered securities and involvement in fraud that raised billions of dollars. The associated stablecoin, TerraUSD (UST), drastically lost its value in May 2022, and it is now valued at just $0.04 under the ticker USTC.
Judge Jed S. Rakoff clarified that the court has the authority, at its discretion, to make these filings public in the future. If this occurs, Jump Crypto's legal team will be notified, giving them the opportunity to raise objections.
While Jump Crypto is not a defendant in the Terraform Labs case, the SEC believes that Jump played a role in the collapse of the UST stablecoin. According to an October letter from Terraform Labs' defense, the SEC alleges that Jump Crypto was involved in a scheme to artificially boost the price of UST by purchasing substantial amounts of the unstable stablecoin when it deviated from dollar parity in May 2021. Terraform Labs denies these allegations, asserting that Jump Crypto's trading activities did not lead to UST's recovery in 2021 and that the decline in May 2022 resulted from deliberate attempts to short UST. They claim to have intervened publicly to counteract these actions.
#Roarstock #CryptoLegalities #TerraformLabsSEC #JumpCryptoCase #StablecoinSaga
$USTC $LUNC $LUNA

The blockchain community is abuzz with the long-awaited introduction of the JTO governance token by the Jito Foundation. This significant development represents a crucial turning point for Jito, granting community members direct influence over decisions within the Jito Network.
A Milestone in Evolution
Jito's remarkable growth in the Solana ecosystem has been extraordinary. The JitoSOL token stands out as the largest and fastest-growing Liquid Staking Token (LST) on Solana, with an impressive Total Value Locked (TVL) of 6.8 million SOL. The Jito MEV network of validators, utilizing the Jito-Solana client, holds a substantial 41% stake weight (163 million SOL TVL) within the network.
Acknowledging the influential role played by the Jito Network in the ecosystem, the formalization of governance in the hands of its diverse community is a strategic move towards decentralized decision-making.
JTO Token: Empowering the Community
The launch of the JTO token marks a monumental shift, empowering token holders to shape the future direction of the Jito Network. These decisions encompass a broad range of aspects:
Establishing fees for JitoSOL stake poolsDirecting delegation strategies and parameters for StakeNet programsSupervising the JTO token treasury and fees generated from JitoSOLContributing to ongoing improvements of Jito's protocols and products
Empowering the foundation, the Jito Foundation plays a central role in organizing and refining community decisions. Aligned with the Jito Network's mission, it focuses on boosting the staking economy through JitoSOL and associated products, simultaneously working towards advancing the Solana network.
The foundation's structure enhances the strength of the Jito Network, smoothly shifting governance decisions from DAO mechanisms to off-chain infrastructures and strategic partnerships. This transformation strengthens the network's scalability and flexibility, facilitating its ongoing evolution.

Governance Structure
The Foundation's governance is supported by a sturdy framework that includes a Constitution, Bylaws, Articles of Association, and Memorandum of Association. Guided by two independent Directors, Matt Shaw and Glenn Kennedy, and overseen by an independent Supervisor from FFP Corporate Services, this structure is crafted to ensure transparency and accountability.
Token Allocation Clarified
The JTO token features a total supply of 1 billion tokens, allocated across various categories:

Community Expansion (34.3%): Dedicated to nurturing the growth of the Jito community, a retrospective airdrop of 10% recognizes and encourages contributions from community members who played a role in bootstrapping the network.Ecosystem Enhancement (25%): Geared towards strengthening communities and contributors propelling the growth of the liquid staking protocol on Solana and related network advancements.Investor Rewards (16.2%): Allocated to prominent supporters and investors within the Solana community, with a lock-up period extending over three years and a one-year cliff.Key Contributors (24.5%): Reserved for Jito's founders, employees, and early contributors to the ecosystem, with vesting and unlocking occurring over three years, mirroring a similar one-year cliff.
The Airdrop: Acknowledging Community Contributions
A noteworthy aspect of this announcement is the airdrop orchestrated by the Cayman Foundation, comprising 90 million JTO tokens for immediate distribution and an additional 10 million unlocking over the next year. Eligibility for this airdrop was based on users' contributions to Jito Network's development and growth, encompassing long-standing JitoSOL holders, users interacting with JitoSOL on various DeFi protocols, Solana validators operating the Jito-Solana MEV client, and active participants utilizing Jito Network's MEV products.
The eligibility snapshot was taken on November 25th, 2023, concluding the previously announced points program.
The Path Ahead
The dynamic evolution of Jito's governance and community empowerment through the JTO token signals an exciting chapter for the network. As the roadmap unfolds, the Jito Foundation, alongside the vibrant community, is set to navigate a course aligned with the network's ethos, solidifying its position within the Solana ecosystem.
#Roarstock #JitoGovernance #JTOtoken #SolanaBlockchain #CryptoCommunity
Source: https://bit.ly/46CAeap
$SOL

The recent rise in the value of LUNC and USTC, tokens on the Terra Classic blockchain, is linked to efforts by the Terra Classic community to recover from the collapse of the original Terra blockchain in May 2022. The primary focus has been on restoring the peg of the stablecoin USTC to the US dollar.
LUNC, Terra Classic's native token, plays a crucial role in absorbing USTC price fluctuations and participating in network governance. USTC, the algorithmic stablecoin, aims to maintain a 1:1 peg to the US dollar by adjusting its token supply through minting and burning. However, the collapse in May 2022 led to USTC losing its peg, causing a significant drop in LUNC's value.
In response to this crisis, the Terra Classic community has been actively working to recover and enhance the value of its tokens. A key initiative involves reestablishing the USTC peg to the US dollar at the code, consensus, and guideline levels. The community approved the proposal named "Ziggy: Re-Peg UST (Signal)" in October 2022. This proposal also included a substantial increase in the Tobin tax to 100%, effectively halting the minting and redeeming of USTC. The purpose of this move is to prevent further dilution of USTC and prepare for the process of reducing it to $1.

The process of repegging USTC to $1 is being led by two developer teams: the Joint L1 Task Force and the RedlinerDrifter-led Quant team. This strategic move is expected to have a positive impact on the LUNC price, bringing it closer to the community's target of $1. The repegging involves various steps, including resetting the oracle price feed, adjusting the seigniorage pool, and burning excess USTC supply. The recent rise in USTC price can be attributed to the burning process, which reduces supply and increases demand for the stablecoin. This burning of USTC also benefits LUNC holders by boosting the value of their collateral and governance power.
Beyond the technical aspects, the positive sentiment and confidence within the Terra Classic community are contributing factors to the upward trend in LUNC and USTC prices. The community has displayed robust support and enthusiasm for revitalizing the Terra Classic ecosystem. Active participation in governance and development, coupled with the celebration of successful proposals like the v2.3.0 upgrade featuring the dynamic validator commission module, reflects the community's commitment to improving network functionality and security.
Anticipation for upcoming projects and applications on the Terra Classic blockchain, such as the Terra Classic Swap—a decentralized exchange enabling users to trade LUNC and USTC with other cryptocurrencies—further fuels positive sentiment. The collective efforts and engagement of the Terra Classic community are playing a vital role in the resurgence of the ecosystem.

In summary, the upward trajectory of LUNC and USTC prices can be attributed to the ongoing initiatives aimed at re-pegging USTC to $1, the strategic burning of USTC supply, and the prevailing positive sentiment and confidence within the Terra Classic community. These concerted efforts reflect a commitment to the recovery and revitalization of the Terra Classic ecosystem, signaling optimism for the ecosystem to reclaim its previous levels of success and value in the coming times.
#TerraClassicRevival #USTCRepeg #LUNCPriceSurge #CommunityConfidence #CryptoRecoveryJourney
$LUNC $USTC $LUNA