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Terra Classic Genuine Labs Proposal Officially Passed, LUNC Burn Rate Skyrockets !! #TrendingTopic #pepe #ARB #BTC #Sei The Terra Luna Classic community has approved developer Genuine Labs’ proposal for major core updates to boost security, functionality, and interoperability. The security upgrade package from Genuine Labs includes improvements and optimizations to Wasmd, IBC Go, and Cosmos SDK. Proposal 12088 “Genuine Labs’ security upgrade packages” has surpassed “pass threshold”, as per current voting details. The developer group will first upgrade to Cosmos SDK 0.47 in the major core upgrade then followed by Cosmos SDK 0.50.1. The proposal provides crucial upgrades to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0. The proposal has received 99.95% “Yes” votes indicating massive support from the Terra Luna Classic community. All validators who have participated voted “Yes” in the proposal. These include Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord. As reported by CoinGape, Genuine Labs plans to complete all developments in 8 weeks and an estimated budget of $30K. Cosmos SDK 0.47.10 offers enhanced security, increased interoperability, developer-friendly improvements, and overall performance benefits for building or using applications on the Cosmos network. The upgrades are for Wasmd, Comet BFT, Cosmos SDK, dependencies such as ibc-go v8, cosmos proto and cometbft-db, and other security updates to Terra Classic core. LUNC and USTC Price Performance Amid Rise in Burn Rate LUNC burn rate has significantly increased this month with an average daily burn of 200 million tokens. As per StakeBin data, 1.3 billion LUNC tokens were burned this week. The decline in supply has caused a more than 2% rise in futures open interest on major derivatives exchanges. LUNC price jumped 1% in the past 24 hours and over 12% in a week, with the Terra Luna Classic price trading at $0.000193. The 24-hour low and high are $0.000184 and $0.000197, respectively. The community thinks a breakout above $0.0005 will bring massive rally.

Terra Classic Genuine Labs Proposal Officially Passed, LUNC Burn Rate Skyrockets !!

#TrendingTopic #pepe #ARB #BTC #Sei

The Terra Luna Classic community has approved developer Genuine Labs’ proposal for major core updates to boost security, functionality, and interoperability. The security upgrade package from Genuine Labs includes improvements and optimizations to Wasmd, IBC Go, and Cosmos SDK.

Proposal 12088 “Genuine Labs’ security upgrade packages” has surpassed “pass threshold”, as per current voting details. The developer group will first upgrade to Cosmos SDK 0.47 in the major core upgrade then followed by Cosmos SDK 0.50.1. The proposal provides crucial upgrades to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0.

The proposal has received 99.95% “Yes” votes indicating massive support from the Terra Luna Classic community. All validators who have participated voted “Yes” in the proposal. These include Allnodes, Orion, Interstellar Lounge, Stakely, and JesusIsLord.

As reported by CoinGape, Genuine Labs plans to complete all developments in 8 weeks and an estimated budget of $30K. Cosmos SDK 0.47.10 offers enhanced security, increased interoperability, developer-friendly improvements, and overall performance benefits for building or using applications on the Cosmos network. The upgrades are for Wasmd, Comet BFT, Cosmos SDK, dependencies such as ibc-go v8, cosmos proto and cometbft-db, and other security updates to Terra Classic core.

LUNC and USTC Price Performance Amid Rise in Burn Rate

LUNC burn rate has significantly increased this month with an average daily burn of 200 million tokens. As per StakeBin data, 1.3 billion LUNC tokens were burned this week. The decline in supply has caused a more than 2% rise in futures open interest on major derivatives exchanges.

LUNC price jumped 1% in the past 24 hours and over 12% in a week, with the Terra Luna Classic price trading at $0.000193. The 24-hour low and high are $0.000184 and $0.000197, respectively. The community thinks a breakout above $0.0005 will bring massive rally.

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Worldcoin Navigates Regulatory Challenges: Price Dips to $5.12 Amid Privacy Concerns !! #ETHETFS #PEPE‏ #BinanceLaunchpool #altcoins #BTC Worldcoin has experienced a minor decline today, with its value falling by 1.84% to a current price of $5.12. This price decrease accompanies a significant 24-hour trading volume of $355.2 million, indicating active trading despite the price dip. The recent regulatory scrutiny from Hong Kong authorities has raised concerns among investors, impacting the digital asset’s price dynamics. Recent developments have seen the Hong Kong regulator issuing a notice to Worldcoin regarding its data collection practices. The regulatory body has raised concerns about the adequacy of information provided to the public, affecting over 8,000 individuals. This news has cast a shadow over Worldcoin’s market activities, reflecting directly on its trading volume and market sentiment. The controversy could lead to increased scrutiny and potential short-term bearish pressure on WLD’s price. From a technical standpoint, Worldcoin is showing resistance near the $5.20 mark, with support forming around $5.00. If Worldcoin breaks below this support level, it could test further lows, potentially around $4.90. Conversely, overcoming the $5.20 resistance could pave the way for a recovery towards $5.30. Worldcoin (WLD) has demonstrated remarkable resilience in today’s trading session, managing to stabilize around the $5.13 mark despite recent regulatory concerns from Hong Kong. The 4-hour chart reveals a crucial support level at $5.00, which WLD has successfully defended, indicating strong buyer interest at these lower levels. This support coincides with the 50-period Simple Moving Average (SMA), reinforcing its significance as a potential springboard for upward movements. The technical indicators on the chart suggest a mixed sentiment among traders. The Relative Strength Index (RSI) is hovering just above the neutral 50 mark, pointing to a balanced dynamic between buying and selling pressures.
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Worldcoin price could rally 20% if Nvidia earnings beat estimates !! #ETHETFS #PEPE‏ #altcoins #BinanceLaunchpool #BTC Worldcoin (WLD) price is likely to rally after a week-long consolidation catalyzed by Nvidia’s earnings on Wednesday if these exceed estimates. Based on recent history, Nvidia (NVDA) has served as a major market mover for AI-related altcoins, including WLD, which has benefited from the chipmaker’s recent string of good earnings. Worldcoin fortunes hinge on Nvidia During the last earnings call on February 21, Nvidia’s earnings per share came in 12.34% higher than what analysts expected. This upside surprise supported AI coins, including Worldcoin, whose price shot up 50% between February 21 and 22. In November, the 19.4% positive surprise in Nvidia’s earnings report also saw Worldcoin soar nearly 20% from its daily low.If history repeats, and Nvidia’s actual earnings are higher than the estimated EPS of $5.60, AI tokens, including WLD, could climb higher. Worldcoin price crashed 69% from its all-time high (ATH) of $11.97 seen on March 10 and has been consolidating between $4.59 and $5.24 for more than a week. The weekly support level of $4.59 has managed to bounce WLD up by 7% to where it currently trades at $5.07. With Nvidia earnings around the corner, a positive surprise could lead to a breakout from the rangebound movement, flipping the $5.24 hurdle into a support floor. In such a case, investors can expect WLD to rally 20% and tag the next daily resistance level at $6.30 from May 13. But the bounce could be cut short around the $6 psychological level.On the other hand, if the earnings report is lackluster or misses estimates, the likely direction for WLD is south. This bearish development could see the AI-based altcoin revisit the range low of $4.59. In a dire case, Worldcoin price could breach the said level, triggering a 10% crash to retest the $4.20 weekly support level. This level would be a good opportunity for sidelined buyers to accumulate WLD if the outlook for the overall crypto market remains bullish.
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Breaking NEWS: LUNC Price To Reach $3 Soon? #ETHETFS #PEPE‏ #altcoins #BinanceLaunchpool #BlackRock Terra Classic is currently voting on a significant proposal aimed at re-enabling interblockchain communication IBC with the Osmosis protocol. it will reinstate transfers between Terra Classic and Osmosis. This move comes after the expiration of Client ID 07-tendermint 12 on the columbus-5 network, which previously referenced the Osmosis validator set. Today, Terra Classic LUNC is trading at $0.000106 with a 24-hour trading volume of $11.19 million. a market capitalization of $610.85 million and a market dominance of 0.03%. Over the past 24 hours, LUNC's price has declined by 2.79%. LUNC reached its peak price of $119.01 on April 5, 2022. Its lowest point occurred on May 13, 2022, when it dropped to $0.00001651. Since this all-time low, the highest price LUNC has achieved is $0.000590. Currently, the price prediction sentiment for Terra Classic is bearish, despite the Fear & Greed Index indicating a level of 72, which falls under the Greed category. Terra Classic's circulating supply stands at 5.79 trillion LUNC out of a maximum supply of 6.88 trillion LUNC. The annual supply inflation rate is -1.49%, indicating a decrease of 87.43 billion LUNC over the past year. Proposal 12104, known as "Reactivate Osmosis IBC," is currently under consideration on the Station wallet. This proposal, introduced by developer Fragwuerdig, who is a former core development team member, aims to re-enable interblockchain communication (IBC) between Terra Luna Classic and Osmosis. Recently, Terra Classic community member and validator Vegas pointed out the need to update the Osmosis IBC client to ensure the smooth operation of interchain transfers between LUNC and Osmosis. The current client, identified as 07-tendermint-12, needs to be upgraded to version 07-tendermint-250 for seamless IBC functionality. The proposal has received overwhelming support, with over 96% of votes in favor so far. However, there is a small contingent opposing it, with 3% of votes marked as "No with veto.
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Solana Price Prediction: Can SOL Reach $200 by June ? #ETHETFS #PEPE‏ #altcoins #BinanceLaunchpool #BTC we will explore Solana’s current market performance and provide a price prediction, analyzing whether SOL can maintain its upward momentum toward $180 and potentially reach $200 by June.Solana SOL is currently trading at $177, up 2.46% in the last 24 hours, with a robust 24-hour trading volume of $3 billion. Ranked 5 among cryptocurrencies, Solana has a market cap of $77.59 billion and a circulating supply of 448.92 million SOL coins.From a technical standpoint, Solana's 4 hour chart shows a key point at $178, which will influence short-term price movements. Immediate resistance levels are at $176.66, $183.26, and $188.53. On the downside, immediate support is at $165.72, with additional support at $156.75 and $151.08.Given these indicators, Solana's price action looks positive. If Solana stays above the $175 point, it can likely maintain its upward momentum Many investors are wondering if Solana can hit $200 by June. Solana's current upward trend is strong, but resistance around the $178 mark could slow down further gains.If Solana can break through the immediate resistance at $176.66 and continue to surpass the next levels at $183.26 and $188.53, reaching $200 becomes more realistic. Staying above the $178 pivot point is crucial for this bullish scenario.However, if Solana falls below $170, it might trigger a sharp drop, pushing the price to the next support levels at $165.72, $156.75, and $151.08. The market’s response to these key levels will be crucial in determining Solana’s near-term direction Solana's outlook remains positive as long as it stays above the $178 pivot point. The first hurdle is the $176.66 resistance, followed by $183.26 and $188.53. While the high RSI suggests caution due to potential overbought conditions, the 50-day EMA at $155.79 provides strong support for the ongoing uptrend While reaching $200 by June is ambitious, it is possible if Solana maintains its upward momentum and successfully navigates the key resistance levels
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Toncoin Price Forecast Hints a Risk of 25% Fall Amid Emerging Double Top Pattern !! #ETHETFS #PEPE‏ #altcoins #BinanceLaunchpool #BTC Toncoin Price Forecast: TON, the native cryptocurrency of the Toncoin network, has been underperforming the broader crypto market since last week. While most of the major altcoins witnessed notable gains from the Bitcoin price recovery above $65000, the TON price reverted sharply from the $7.5 resistance. The bearish reversal tumbled the asset by 17% to currently trade at $6.5 mark. Will the correction extend and BTC recovery will change the tide? The first half of May month was strongly bullish for Toncoin as the price jumped from $4.6 to $7.5, registering 63% growth. However, the recovery witnessed a major roadblock at All-time high resistance of $7.5.The renewed supply pressure at this resistance plunged the TON price to $6.5 immediately. An analysis of the daily chart showed this reversal as the formation of a double-top pattern. This chart pattern is commonly observed at market tops reflecting the building supply pressure for a notable downtrend. A breakout below the neckline will signal a change in market sentiment and trigger a major downfall.On a contrary note, the TON price is 4% today bolstered by the Bitcoin price sustainability above $66000. If the recent pullback was meant to stabilize the prevailing recovery, the Toncoin coin must show a reversal signal at $6.2.The renewed recovery from this support will invalidate the bearish theory and bolster buyers to aim for a new high above $7.67. Technical Indicator Relative Strength Index: The formation of new lower highs (bearish divergence) in the daily RSI slope accentuates the rising supply pressure at the top.Exponential Moving Average: A bullish alignment between the daily EMAs (20, 50, 100, and 200) indicates the broader trend remains bullish.
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