🚨 Just-In 🇺🇸 After a much controversy, the extradition o | Bull_BTC on Binance Square

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🚨 Just-In
🇺🇸 After a much controversy, the extradition of Do Kwon, the Terraform Labs co-founder to the United States has been confirmed
#DoKwon #Terraform #CryptoNews $LUNC 

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Can LUNC/USDT Reach $1? The Terra Luna Classic (LUNC) token has captured significant attention, with many speculating whether it can ever achieve the ambitious $1 price milestone. Let’s explore the facts and figures surrounding this possibility. Current Snapshot (as of December 2024): Price: $0.000116 Circulating Supply: 5.51 trillion LUNC Market Cap: ~$640 million Market Capitalization Challenge For LUNC to reach $1, its market capitalization would need to skyrocket to $5.51 trillion, assuming the circulating supply remains constant. This figure surpasses the current market capitalization of the entire cryptocurrency market, which makes this target extraordinarily challenging under existing conditions. Supply Dynamics A key factor hindering LUNC’s price growth is its enormous circulating supply. Significant token burns or supply reductions would be necessary to make $1 even remotely feasible. At present burn rates, reducing the supply to a level that supports a $1 valuation could take decades unless accelerated by significant technological or community-driven developments. Demand vs. Utility To drive demand, LUNC would need a strong use case or utility, encouraging widespread adoption. Currently, the token’s ecosystem lacks the substantial adoption or innovations required to sustain such high valuation levels. $LUNC

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MicroStrategy has bought almost 200k bitcoin since announcing that they're going to buy $42 billion worth of bitcoin t.me/money/21914 #MicroStrategy #Bitcoin $BTC

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⚡️ @BlackRock’s Bitcoin transfers are stirring fears of a price crash, but analysts suggest it could signal either a bear market or the start of altcoin season. #Bitcoin #CryptoNews #AltcoinSeason $BTC

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🚨 Tether's ban in Europe is sparking fears of a crypto market crash! ⚠️ The delisting could lead to massive liquidity issues—what’s next for the market? This Tether news could impact the crypto market for the worse due to this digital assets position in the market. It is the third biggest crypto after Bitcoin and Ethereum and has a market capitalization of $139.28 Billion. Additionally, Tether is the most widely held asset which will be heavily impacted by this step. Notably, this delisting could create major liquidity issues, which could create crypto crash-like situations, especially with the investor’s sentiments already moving away from greed. This delisting will also impact the crypto’s USDT pair trades, crypto transactions, and crypto trade fees. Eventually, this could bring a liquidity drought and a crypto market crash. Most importantly, this will reduce its market dominance, which is slowly rebounding after hitting March support. However, the reduction could help in the Bitcoin price rally as there’s a negative correlation between the two. #CryptoCrash #Tether #Blockchain

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