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Binance Burns 1.14 Billion LUNC Tokens: Price Impact and Community ResponseBinance's burn of 1.14 billion LUNC tokens has led to a price surge and renewed optimism in the Terra Luna Classic ecosystem. Binance's burn of 1.14 billion LUNC tokens has led to a price surge and renewed optimism in the Terra Luna Classic ecosystem. TLDRBinance burned 1.14 billion Terra Luna Classic (LUNC) tokensLUNC and USTC prices surged over 10% following the burnBinance has burned over 64 billion LUNC tokens through SeptemberThe exchange increased burn frequency to multiple times per monthA recent analysis suggests potential for 40% LUNC price rally Binance, the world’s largest cryptocurrency exchange, recently burned 1.14 billion Terra Luna Classic (LUNC) tokens as part of its ongoing support for the LUNC ecosystem. This move, which marks the 26th batch of LUNC burns by Binance, has led to a significant price increase for both LUNC and TerraClassicUSD (USTC) tokens. Following the burn, LUNC and USTC prices jumped by over 10%, reflecting growing market optimism. At the time of writing, LUNC was trading at $0.00009723, while USTC reached $0.02433. The trading volume for USTC also saw a notable increase of 65%, rising to $93.54 million. Binance has been a major contributor to the LUNC burn initiative, having burned over 64 billion tokens through September. The exchange recently increased its burn frequency from once a month to multiple times per month, with six burns conducted in September alone. This change in approach has sparked speculation within the Terra Luna Classic community about Binance’s growing commitment to reviving the token’s value. The LUNC burn mechanism aims to decrease the token supply, potentially boosting its price as demand increases. Binance burned 1,142,098,248.09 LUNC for their monthly burn! Thank you CZ and company for supporting the LunaClassic community since 2022! LUNC to the moon!” #LUNC✅ #BTC☀ #Write2Earn! #LUNA🔥🔥🔥 #USTC like n share @CRYPTO_KITE $$BTC

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Assessing Shiba Inu’s 360% transaction surge: What’s next for SHIB? SHIB on-chain metrics: A positive outlook despite some concerns Several key on-chain metrics present a mixed picture, but overall the outlook remains promising. First, the net network growth shows a slight bearish dip of 0.27%, signaling slower growth in new participants. However, the “In the Money” metric stands at 1.75%, meaning a portion of the coin holders is currently profitable, a bullish short-term indicator. Additionally, concentration remains neutral at 0.01%, meaning no significant changes in SHIB’s distribution. Most importantly, large transactions have surged 12.94%, indicating that whales continue to play a dominant role in the meme coin’s market activity. Consequently, whale intere SHIB funding rates: Are traders betting on more gains? The OI-weighted funding rate for SHIB stands at 0.0097% as of October 1, 2024, showing a bullish sentiment among traders. This positive funding rate suggests that more traders are taking long positions, expecting its price to rise. Therefore, this trend complements the whale activity and reduced exchange reserves, reinforcing the likelihood of continued gains for the meme coin. SHIB is likely to continue its upward trend, showing strong potential for further growth. The strong whale activity, coupled with reduced selling pressure and positive trader sentiment, creates a favorable environment for its price. However, traders should remain aware of potential challenges like slower network growth. Nevertheless, the overall outlook for SHIB remains bullish. $SHIB #Write2Earn! #shiba⚡ #bitcoin☀️ #moonbix #NeiroOnBinance like and share @CRYPTO_KITE $BTC

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LUNC, USTC Price Jump 10% As Binance Burns 1.14 Billion Terra Luna Classic Binance burns 1.14 billion Terra Luna Classic tokens, sparking a 10% price surge in LUNC and USTC, amid renewed optimism for the crypto's revival. Highlights Binance burns 1.14 billion LUNC tokens, sparking market optimism. The latest development has fueled a rally in LUNC and USTC prices. A recent LUNC price analysis hints at a potential 40% rally in the crypto's price in the near future. The world’s largest crypto exchange Binance has burned 1.14 Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism. This move has sparked optimism, as evidenced by the surge of over 10% in LUNC and USTC prices. Besides, the latest LUNC burn frenzy by the leading exchange has also fueled investors’ sentiment, who are anticipating a further rally in the crypto’s price. Binance Continues Terra Luna Classic Burn Initiative In the latest move, the top crypto exchange Binance has burned 1.14 billion LUNC tokens. This reflects the exchange’s commitment to the Terra Luna Classic community, which has sparked market optimism. Besides, this substantial burn has pushed the prices of LUNC and USTC higher today by more than 10%, indicating a growing market confidence. LuncLive validator owner, Mr. Diamondhandz, highlighted the importance of Binance’s contribution to social media platform X, expressing his gratitude to Binance CEO Changpeng Zhao and his team. He said, “Binance burned 1,142,098,248.09 LUNC for their monthly burn! Thank you CZ and company for supporting the LunaClassic community since 2022! LUNC to the moon!” His statement reflects the community’s optimism and ongoing support for the revival of the Terra Classic ecosystem. #USTC/USDT #Write2Earn! #BTC☀ #LUNA🔥🔥🔥 #LUNA🔥🔥🔥 Like and share @CRYPTO_KITE $LUNC

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Down 85% From Its All-Time High, Should You Buy Shiba Inu Now? Why This Analyst Says ‘No’ And Where To Invest 🥇🥇 Instead#shiba⚡ The Shiba Inu (SHIB) cryptocurrency that gained traction as a pet-based meme coin though has some large downfalls. This has made a lot of the investors feel lamentable since the coin has reduced by an impressive 85% from the last highest value of $0.00008864. Some crypto observers are even asking: should I buy now SHIB? Or is the search for the next gem more productive? As one technical analyst sums it up nicely and succinctly — “No” — and offers an interesting replacement: Rexas Finance (RXS). SHIB’s Price Struggles: Why It May Not Be the Best Buy Right Now After touching the highest price ever recorded since inception, the price of Shiba Inu has been on a downward trend with the last known figure being pegged at $0.00001390. The next vital support is situated at $0.000008473 which suggests a further drop in price level for SHIB before any stability sets in. This isn’t good for all those potential buyers wishing to enter the market at a low price level as the analyst forecasts something worse than this. He suggests that the Shiba Inu price is likely to collapse even more and may reach $0.000007828 which is a 40% downside from this level.It is pretty difficult to dismiss all the lure behind SHIB’s meme culture and its well-known enthusiastic fanbase, however, the ultimate purpose of the token is up for speculation. SHIB’s argument for its sound fundamentals is primarily based on projections of hype which as we have seen can be short-lived. If you want to invest in something useful that has prospects of appreciation, this is not the right time to join the SHIB stampede.But where should you put your investment if SHIB is not the move? The answer is in a promising new entry in the market: Rexas Finance (RXS). #Write2Earn! #BTC☀ #BTCReboundsAfterFOMC #NeiroOnBinance Like and share @CRYPTO_KITE

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LUNC News: Optimism Grows as USTC Burn Proposal Gains Approval The Terra Luna Classic ecosystem has agreed to burn over 46 million USTC. These funds belong to Mirror Protocol and are part of Terraform Labs’ winding down requirements. Lunc community has successfully passed a vote on a TerraClassicUSD (USTC) burn proposal, fueling optimism in the ecosystem. This proposal follows Terraform Labs’ recent decision to wind down operations and burn remaining assets. Details of the USTC Burn Proposal Blockchain researcher Collin Brown disclosed that the USTC burn proposal aims to remove 46.55 million USTC tokens from circulation through contract migration. The proposal was introduced for the second time after the first attempt failed during on-chain execution due to insufficient USTC contract balance. The contracts were, however, removed from this proposal to ensure proper execution, indicating the community’s dedication to the initiative. Community members voted 33.9% in favor of the proposal, 1.3% against it, 36.46% veto, and 28.25% abstained. Meanwhile, the USTC token burn focuses on wallets linked to the Mirror Protocol. This funds have been inactive since the May 2022 crash of USTC However, Terraform Labs is required to destroy all wallets holding Terra Classic tokens as part of its wind-down proceedings. Notably, the funds associated with Mirror Protocol are native assets of USTC and LUNC. USTC and LUNC Skyrockets on 46.55M Burn Proposal Approval Following the token burn approval announcement, USTC’s price experienced a 2.2% increase over 24 hours. This rekindled optimism about USTC reaching its December $0.06 level. However, the price stabilized at around $0.018 as of this writing. Additionally, USTC’s trading volume spiked 25% in the past day to $8.6 million. Beyond the USTC rally, the LUNC token gained a 2.3% uptick in the last 24 hours, with the price exchanging hands at $0.00009095. LUNC’s trading volume has surged 25.8% in the last 24 hours to $27.7 million. $LUNC ##BTC☀ #Write2Earn! #NeiroOnBinance

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