Could Terra Classic (LUNC) Price Hit $1? Crypto Expert Weighs In
In recent weeks, Terra Classic (LUNC) has been on an upswing, basking in the green zone with a notable seven-day price surge of 13%. The altcoin has witnessed a remarkable 323.66% surge in the past 24 hours, propelling its value to $0.00006508. This represents an 8% gain in the midst of a generally passive cryptocurrency market. Nevertheless, the altcoin faces consistent selling pressure, as indicated by its Relative Strength Index (RSI), which has remained below 40 since mid-July.
Despite swings, experts and analysts are bearish on LUNC. Why the negative outlook? Let’s explore.
$120 Is a Distant Dream
The recent downturn in Bitcoin, dropping from $27,500, has exerted selling pressure on Terra Classic coin. This, in turn, has created an opportunity for Rex “Rexyz” Harrison, who has raised important concerns about the potential of LUNC. Harrison casts doubts on the likelihood of LUNC reaching its ambitious target of $120, an all-time high for the token. He believes that achieving a $1 price would require substantial community efforts, with the chances of LUNC hitting $120 appearing exceedingly low.
Supporting Harrison’s claims, on-chain data reveals a surge in short-liquidations for LUNC, recently surpassing $20,000. Additionally, LUNC’s Open Interest has risen by $1 million, signaling increased trading activity. However, with the long-short ratio dwindling to 0.67, a bearish correction seems likely.
Read More: Why are Terra (LUNA) and Terra Classic ( LUNC) Prices Surging Today?
Conditions for the $1 Price Point
Harrison outlines specific conditions for the community to reach the coveted $1 price for LUNC. He argues that 99.9% of LUNC’s circulating supply, which currently stands at 5.8 trillion, must be eliminated through burning or staking. This creates uncertainty about LUNC’s journey to $1, given Terra Classic’s current market capitalization of $374.12 million.
Harrison acknowledges that achieving a 90% reduction in circulation might be feasible through a combination of staking and burning, but this would still leave 690 billion LUNC tokens in circulation. The analyst believes that strong community support is essential to break through these resistance levels.
Does LUNC Need a Swap System?
Furthermore, Harrison suggests that such an effort could potentially secure LUNC a $0.01 price, representing a staggering 15,269.87% growth from the current price. However, he notes that despite ongoing efforts, burning USTC tokens has made minimal progress in reducing the supply overhang. Additionally, burning LUNC itself has not significantly impacted the price.
All hope is not lost..
As a potential solution to LUNC’s reduction challenges, Harrison proposes the creation of a swap mechanism, such as LUNC – USTC2. This mechanism could potentially address the supply reduction and price enhancement issues faced by Terra Classic.
Also Read: SEC Lawsuit Against Terraform Labs: Do Kwon’s Attorney Fights Extradition Request
Why are Terra (LUNA) and Terra Classic ( LUNC) Prices Surging Today?
The Terra Classic (LUNC) ecosystem is experiencing a surge in bullish momentum, closely following the upward trajectory of its sister project, Terra LUNA. Recent market data from Binance-backed Coinmarketcap reveals a remarkable 214 percent increase in Terra Classic LUNC’s 24-hour trading volume, reaching approximately $59 million. This surge in demand for Terra Classic LUNC occurs when the project grapples with legal challenges across various jurisdictions due to a substantial collapse last year that resulted in over $30 billion loss.
Terra Classic LUNC Price Analysis
From a technical perspective, Terra Classic LUNC appears poised for an impending breakout from a multi-week falling trend that commenced last year. This bullish breakout is further supported by the weekly Relative Strength Index (RSI), which has exhibited signs of rising divergence year-to-date. Additionally, many altcoins have initiated an ascent from bear market lows, even as Bitcoin struggles to rally beyond the $27.4k mark.
Network Developments
The Terra Classic LUNC ecosystem has substantially benefited from regular token burns aimed at transforming it into a deflationary environment. With over 72 billion LUNC tokens burned thus far, the development of Terra Classic has made significant strides this year. For example, Terra Classic’s core developers facilitated the participation of DeFi developers in the network through the Cosmwasm v1.1.0 upgrade in June.
Terra (LUNA) witnessed a more than 21 percent surge in the past 24 hours, reaching around 52 cents during the early London market on Thursday. The upswing in Terra LUNA’s price appears to have catalyzed the start of the long-awaited altcoin season, especially as Bitcoin demonstrated short-term weaknesses.
Terra LUNA experienced a more than 450 percent spike in trading volume over the past 24 hours, surpassing $314 million,
How Far Can Terra LUNA Price Rally
Per insights from a prominent crypto analyst with a substantial following of over 196,000 on the X platform, Altcoin Sherpa, Terra LUNA’s price currently stands at approximately 205 times below its all-time high (ATH). Notably, LUNA’s price had plummeted by more than 99 percent following the collapse of the algorithmic stablecoin UST early last year.
In July, Terraform Labs announced the appointment of Chris Amani, the former Chief Operating Officer (COO) of TFL, as Director and interim Chief Executive Officer (CEO) to succeed Do Kwon. It’s worth noting that Do Kwon is currently contending with extradition proceedings in the United States while serving a four-month prison term in Montenegro.
Terra Luna Ecosystem Skyrockets As Luna Classic (LUNC) Price Dominates! What’s Next For LUNC Price?
Over the past week, the Terra Luna ecosystem has taken the altcoin market by storm, with both LUNA and LUNC experiencing remarkable surges. Traders are becoming more bullish as these altcoins break several resistance levels in quick succession, indicating a comeback in buying interest. Yet, as Terra Luna Classic and LUNA reach new peaks, some short-term traders are looking for a chance to cash in and secure their gains.
LUNC’s Proposal Accelerates The Pump
The Terra Luna Classic community is voting on a soft fork to set a minimum validator commission and implement technical enhancements. This follows a proposal to increase the minimum deposit to 5 million LUNC to deter spam. The need for the soft fork arose after the validator commission was mistakenly set to 0% during an upgrade.
Till Ziegler advocated for a soft fork over a simple governance proposal. Subsequently, blockchain engineer Vinh proposed the v2.2.2 soft fork, encompassing the 5% commission and other upgrades. Voting ends on October 3, 2023, with a current unanimous 1.64% “Yes” vote share. Previously, the LUNC community decided to halt all Terra Classic USD (USTC) minting activities. Following these developments, LUNA and LUNC prices are now pumping hard as they successfully generated buying interest in the market.
On-chain data reveals a spike in short-liquidation for LUNC, surpassing $20K today. Additionally, LUNC’s Open Interest has climbed by $1 million, indicating growing trading activity. Yet, with the long-short ratio dipping to 0.67, a bearish correction seems likely.
Conversely, LUNA has experienced a bearish liquidation of close to $300K. Its Open Interest has jumped by $16 million in just two days, hinting at increasing price fluctuations near resistance points. However, LUNA is also seeing a minor bearish correction as buyers continue to book profits.
What’s Next For LUNC Price?
Over the last seven days, Terra Luna’s price rose by 37%, and LUNC’s price surged by 15.6%, suggesting explosive momentum in the Terra ecosystem. Analyzing the 4-hour price chart, the LUNC price broke above the crucial resistance of $0.000065 as buyers took advantage of triangle pattern closure at $0.000061. As of writing, LUNC price trades at $0.0000658, surging over 9.5% from yesterday’s rate.
Currently, bears are aiming to reverse the trend following a resistance at $0.000067. The initial downside support is located at $0.000064. A rebound from this level would imply a continuation in range-bound trading, just like LUNC previously initiated in a $0.00006 breakout. This could lead the bulls to aim for the $0.000072 price point.
On the bearish side, should the price slide below the 20-day EMA, it would signal declining bullish momentum. The LUNC price might first approach the $0.000058 benchmark, followed by a potential descent to the support of $0.000055. As the RSI level is dropping from the overbought region, short-term traders will likely exit, creating more downward pressure.
LUNC Price Analysis: Will Terra Classic Plunge To New Low?
The top cryptocurrencies continue their struggle to stabilize their prices. The market continues to experience constant turbulence in its value. September has turned out to be the most volatile month of the year.
Since the start of the month, the LUNC’s price has experienced constant price volatility. The bulls are fighting hard to hold the coin’s value and stabilise the market, but they are constantly failing. Following the price plunge during the market fall, LUNC broke down multiple support levels and traded close to its crucial support level.
The Terra token was trading sideways below $0.00005833 for a brief period, after which the price experienced a significant surge in value, resulting in the coin breaking out of multiple resistance levels of $0.00005833, $0.00005978, and $0.00006141 within a day.
The LUNC price trades between the consolidated range of $0.00005978 and $0.00006141. The coin recently displayed a bullish Doji candle, indicating the possibility of a trend reversal, and is predicted to undergo massive price action soon.
The support level of $0.00005978 plays an important role because if the coin fails to hold its value above that level, it will fall into strong bearish influence, and the price may experience a massive plunge in value.
The RSI displays a decline in its averages, indicating weak buying and selling power. Further, the averages display a possible bearish convergence in their chart, indicating the price will fall in the coming days.
On the other hand, the MACD displays a constant decrease in its histogram, indicating reduced price action in the charts. Further, the indicator also displays the possibility of a bearish convergence in its charts, indicating the coin will experience massive price action before month-end.
Will LUNC Price Go Back Up?
If the bulls gain power and stabilize the price, the Terra coin will prepare to test its resistance level of $0.00006141 soon. Further, if the price holds itself at that level, it will prepare to test the upper resistance level of $0.00006298 this month.
On the other hand, if the bears dominate the market, the coin will lose its value and test the support level of $0.00005978. Moreover, if LUNC fails to hold that level, then the price is bound to test the lower support level of $0.00005833 by the end of this month.
Terra Classic Community Urges Binance to Burn USTC Fees for Stability
Following the unsettling collapse of Terra in May 2022, the Terra Classic community is debating a new proposal aimed at restoring stability to its TerraClassicUSD (USTC) stablecoin. Central to the discussion is a proposition that nudges Binance, the world’s largest cryptocurrency exchange, to burn 50% of its USTC trading fees. This development adds another layer to the dramatic efforts to resurrect a project that once had a prominent standing in the crypto-verse.
Two closely related proposals have been put forth on the Terra Classic governance forum, and they’re drawing significant attention from the community.
Proposal #11785: Binance Burn Program for USTC
The first proposal, aptly tagged as #11785, primarily focuses on getting Binance to extend its existing fee-burning mechanism to USTC trading pairs. The exchange currently burns 50% of its trading fees from Terra Classic (LUNC) pairs and, if the proposal is accepted, it would be a massive win for the struggling USTC stablecoin. Binance offers trading pairs like USTC/USDT and USTC/BUSD, which collectively saw a trading volume of approximately $5 million in the last 24 hours.
The logic is straightforward: if the most influential crypto exchange burns a portion of the USTC supply, it would likely bolster efforts to re-peg the stablecoin to the US dollar and possibly rejuvenate the value of its counterpart, LUNC.
Proposal #11786: Limiting USTC Minting
Running parallel to the first proposal is another initiative (#11786) aiming to limit the minting of USTC. This is aimed at closing loopholes that facilitate unwarranted expansion in USTC’s supply. Here, the community wants to have a say in any future minting activities, thereby guarding against the arbitrary creation of the stablecoin.
The Voting Landscape
As of now, the proposals have polarized the community. Proposal #11785 has garnered 41.11% favorable votes, while a sizable 57.02% abstained, and a minuscule 1.73% voted against it. The proposal for limiting USTC minting is in a fierce battle as well, with 47.32% in favor and 44.34% against. It’s a tug-of-war, and every vote counts.
The proposals don’t just represent mere governance changes; they embody the community’s ambitions and its resilience in the face of adversity. Meanwhile, USTC currently trades at a mere $0.012, a long way off from its intended peg to the US dollar. Only time will tell if these proposals can inject the much-needed stability and vitality into the Terra Classic ecosystem.
How Are Klaytn and Terra Classic Price Performing? Pomerdoge Sets $0.35 as Next Price Target
Klaytn (KLAY) and Terra Classic (LUNC) most recent performances have been flying under the radar, and a lot of people are curious about what the future holds for them. In addition, the upcoming P2E ecosystem seen in Pomerdoge has captured massive attention. The token has set $0.035 as its next price target, and today, we will explore why.
Summary
- Klaytn to spike to $0.20 by the end of the year.
- Terra Classic to reach $0.00010267 before 2023 ends.
- Pomerdoge sets $0.35 as its price target.
Klaytn (KLAY) Price Performance Analysis
The price of the Klaynt (KLAY) cryptocurrency sits at $0.155977 on August 10, 2023. In the past week, it saw its low-value point at $0.152714, with its high point at $0.157565. Moreover, the Klaytn crypto market cap is $498,318,136, with its trading volume at $4,302,941.
In addition, during the past 30 days, the Klaytn price decreased by 4.7%, and in the past week, it’s been down 0.5%. However, according to the Klaytn price prediction, it can surge to $0.20 by the end of the year.
Terra Classic (LUNC) Price Outlook
The price of the Terra Classic (LUNC) cryptocurrency was $0.00007717, with a 24-hour trading volume of $17,994,160. In addition, its market cap is at $449,186,727. Moreover, the Terra Classic crypto saw its low-value point at $0.00007608 during the week, with its high point at $0.00007993.
Overall, the price decreased by 6.9% in the past 30 days and by 2.8% in the past week. However, the future of this cryptocurrency is not bearish. According to the Terra Classic price prediction, it has the potential to reach $0.00010267 by the end of the year.
Pomerdoge (POMD) Sets $0.35 as Next Price Target
Alongside Klaytn and Terra Classic, another cryptocurrency primed to reach new heights in 2023 is Pomerodge (POMD). In fact, during its current presale stage, the project has sold over 70M POMD tokens, making it one of the highest-selling altcoins of the year. A single POMD token trades for $0.008 during this stage, and its price will increase with the start of the next stage.
The ecosystem behind Pomerdoge consists of three elements: Pomergame, Pomerplace, and an NFT collection. Pomergame is a virtual world where players can explore, complete objectives, and level up their Pomer. Upon reaching Gold Status, they can then begin using the Pomerplace.
This dedicated marketing has a lot of utility. Alongside enabling anyone to buy, sell or trade in-game valuables, it has an arena for competitions. Subsequently, holders of POMD can buy an NFT from the 7,777 collection at 0.2 ETH each. As a result, analysts now predict that Pomerdoge (POMD) can spike to $0.35 as its next price target by the end of the year.
Find out more about the Pomerdoge (POMD) Presale Today
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
Terra Luna Classic Community’s Bold Move: Token Burn Aims to Propel LUNC and USTC to $1
In a highly critical decision, the Terra Luna Classic community is at crossroads over the fate of 800 million USTC tokens linked to the Ozone Protocol. Instead of returning them to the community pool, some members are advocating for their burning, which could have significant implications for the value of LUNC and USTC tokens. Why there is a mixed reaction to proposal 11658, do we see a potential downtrend for the pair? Let’s analyze.
800 Million LUNC is at Stake? Fate Depends on the Community Decision
There is a lot of discussion regarding the controversial Proposal 11658, championed by ex-Terra Rebels developer group member Vegas. The proposal aims to return the idle 800 million USTC tokens related to the Ozone Protocol back to the Terra Luna Classic community pool. The main motive behind this move is that the Ozone Protocol, initially proposed by Terra co-founder Do Kwon and funded from the community pool, has not fully utilized the allocated funds in its intended manner.
Notably, this proposal has faced opposition from certain validators and members. A counter-proposal, labeled Proposal 11660 and backed by DNC, M Van S, Lunanauts, and SolidVote Validator, is advocating for the burning of the 800 million LUNC. Even if Proposal 11658 were to pass, these community members seek to ensure that the funds are permanently removed from circulation.
It is worth noting that, the burning of tokens from the Ozone Protocol’s wallet could have significant implications for the prices of LUNC and USTC. As the opponents believe that this move would stimulate USTC repeg and LUNC developments, which have so far failed to bring about a substantial upward momentum in their prices. Seems familiar.
What could be the impact of this on LUNC & USTC Prices?
The most important factor here is the market is closely watching the price movements of LUNC and USTC. LUNC has seen a 1% of minor dip in the last 24 hours, it is currently trading at $0.000080. However, the formation of a triangle pattern indicates the potential for a recovery above the $0.00009 support level.
On the other hand, USTC’s price has declined by 2% in the last 24 hours, currently standing at $0.015. This comes after a recent 50% rally stirred by USTC repeg announcements. Nevertheless, trading volumes have decreased as traders show renewed interest in LUNC.
Overall, the fate of the 800 million USTC tokens and the potential burning of LUNC tokens will greatly influence the direction of the Terra Luna Classic community’s development. As stakeholders cast their votes, the entire ecosystem awaits the outcome that could shape the future trajectory of these digital assets.
Investors Shun Ethereum Classic for InQubeta’s AI and Unique DeFi approach, QUBE 5X Incoming?
The crypto tides continue to shift, causing ripple effects throughout the market as new players rise to prominence, challenging established projects. A recent example of this phenomenon is InQubeta, an AI-driven project with a unique DeFi approach, whose native token QUBE, has been stealing the limelight and catching the eyes of savvy investors. Many of these market players seem to be shunning Ethereum Classic (ETC) in favour of InQubeta’s exciting proposition. Is a 5x increase on the horizon for QUBE? Let’s delve into this intriguing development and what it could mean for the crypto space.
InQubeta: The New Kid on the Block
InQubeta has captivated the crypto market with its innovative blend of AI, DeFi, and NFTs. This promising start-up offers fractional investment opportunities in AI start-ups through its QUBE token, leveling the playing field for investors of all budgets. The token’s utility is not merely limited to investment access; QUBE holders can also participate in governance decisions, earning rewards from a dedicated pool funded by transaction taxes.
The presale of the QUBE token has garnered tremendous attention, raising more than $1.6 million. The success has largely been driven by InQubeta’s groundbreaking vision of democratizing the venture capital domain, traditionally seen as exclusive. The dynamic performance of the QUBE token, in conjunction with the platform’s unique selling points, have prompted many investors to redirect their resources from other established cryptos like Ethereum Classic.
Ethereum Classic: Losing Momentum?
Despite being a time-tested cryptocurrency, Ethereum Classic has been encountering a wave of sell-offs recently. While the project offers solid technology and has a dedicated community, it lacks some of the unique features that innovative platforms like InQubeta offer. As the crypto landscape evolves, new players that bridge traditional and emerging technologies like AI, blockchain, and DeFi are gaining popularity.
Investors looking to diversify their portfolio beyond established cryptos are finding InQubeta’s novel approach to AI investing irresistible. Moreover, the potential for returns from the QUBE token, considering its deflationary mechanism and the potential for 5x or even higher profits, has added to its allure.
A Comparative Perspective
In the highly competitive crypto space, innovation is king. While Ethereum Classic, being a hard fork of Ethereum, presents a solid value proposition with its commitment to immutability and decentralized governance, it seems to be losing steam in the face of more dynamic projects like InQubeta. The start-up’s unique convergence of AI and DeFi, coupled with its presale success, is making it an attractive alternative for investors looking for higher potential returns.
Moreover, the democratization of the venture capital domain through an accessible DeFi approach is a game-changer. It allows investors of all levels to have a stake in promising AI start-ups, a privilege previously reserved for the elite. This potent combination is what’s leading many investors to shun Ethereum Classic in favor of InQubeta.
Conclusion
The market sentiment towards Ethereum Classic and InQubeta is a perfect illustration of the crypto market’s dynamism. With InQubeta, investors have a unique chance to support and potentially profit from the growth of AI start-ups. As the QUBE token continues its upward trajectory, a 5x increase is not outside the realms of possibility. As always, however, investors should do their due diligence and stay updated on market trends. The crypto sea is ever-changing, but for now, it seems the current is flowing in favor of InQubeta and its QUBE token.
LUNA’s Guardian Partnership and Q3 Roadmap Revealed by Terra Luna Classic, Tokens Surge
Terra Luna Classic’s core developer team, the Joint L1 Task Force (L1TF), has announced their plans for Q3 development while sharing the completion status of tasks from Q2. In the upcoming quarter, the developer teams will primarily focus on the repeg of the USTC stablecoin, along with major upgrades and a reduction in circulating supplies of LUNC and USTC.
Edward Kim’s Block Entropy team has recently established an agreement with on-ramp provider Guardian regarding the listing of LUNC. As part of the agreement, LUNC will be listed for free. Negotiations for the listing of USTC are still underway and have yet to be finalized.
LuncBurnArmy, the project manager of the Joint L1 Task Force developer team, took to Twitter to announce the completion of Q2 development work, which included several significant upgrades and maintenance tasks. The team is now shifting its focus to Q3 tasks from July 17 to October 17, with updates on all tasks planned to be provided on a biweekly basis.
In noteworthy news, LuncBurnArmy revealed that Guardarian has agreed to offer services to the Terra Luna Classic community for free, including the listing of LUNC without any fees. This on-ramp has been implemented on a test version of Station.
According to a Medium post, L1TF has successfully completed Cosmos SDK and CosmWasm upgrades, opened IBC to the Kujira chain, and implemented security patches such as the “Cherry patch.” After the v2.1.1 Parity upgrade, the team worked on resolving smart contract issues with Dapps and other projects, particularly Astroport.
L1TF plans to return the budget surplus from Q2 to the community pool and will communicate with the investor community once this process is completed.
LUNC and USTC surge
As a result of a descending channel breakout, the Terra Luna Classic ecosystem tokens, LUNC and USTC, experienced significant price increases of 14% and 55%, respectively, over the past week. The trading volume for both cryptocurrencies has also seen a significant jump.
In the past 24 hours, LUNC’s price has risen nearly 1%, currently trading at $0.00009313. Meanwhile, USTC is trading at $0.018, showing a 6.8% increase in the past 24 hours.
Terra Luna Classic L1TF Unveils Plan for Token Recovery and Path to $1
The Joint L1 Task Force (L1TF), Terra Luna Classic’s core developer group, has issued an update on their progress and future plans for Q2. In the upcoming quarter, the developer group aims to focus on reducing the circulating supply of LUNC and USTC. Additionally, the community pool has started to refill after reaching low levels, providing some relief.
However, there have been discussions within the community regarding validators’ participation in the LUNC burn campaign, with concerns raised about reduced contributions following Binance’s restoration of its LUNC burn mechanism in March.
Joint L1 Task Force outlines the ongoing tasks
L1TF project manager, LuncBurnArmy, shared a status update on Twitter, outlining the tasks from June 26 to July 11. The team plans to prioritize upgrading Astroport’s smart contract before transitioning to the Q3 roadmap. A separate end-of-quarter update will provide a comprehensive review of the completed tasks during Q2.
The L1TF is also working to stabilize the impact caused by the CosmWasm Parity upgrade, which introduced significant changes to the chain. Terraform Labs (TFL) has successfully integrated a pull request that allows the community to engage in seamless token swaps between LUNC and USTC using TerraSwap through TFL Station.
Among their ongoing initiatives, the LITF is currently working on the Burntax split to the distribution module, dApp whitelisting, contract upgrades using the MigrateContractProposal, and supporting the Quant team for USTC repeg. Unused funds will be returned to the community pool, which has already started to refill and currently holds over 525 million LUNC.
Some members of the community have expressed concern over the reduced LUNC burn contributions from validators in recent months. Currently, LUNC burn is mainly contributed by DFLunc, TerraCasino, and Cremation Coin, with major validators seemingly inactive.
In response to concerns about the reduced burn rate of LUNC, ClassyCrypto has devised a strategy to burn Classy’s Sphere Validator’s entire commission until the end of 2023. This proactive measure aims to reignite interest in the LUNC burn initiative and encourage validators to actively participate in the process. Additionally, Edward Kim’s Block Entropy Testnet is actively working towards boosting the LUNC burn rate, contributing to the collective effort to strengthen the token’s burning mechanism.
LUNC Proposal Aims to Appoint Binance’s CZ as Leader of Terra Classic Amidst Internal Turmoil
In a bold move by the Terra Classic (LUNC) community, a proposal has been floated to establish a central authority to end ongoing internal discord. Changpeng Zhao, the CEO of the global crypto exchange Binance, is the nominee for this newfound leadership role.
The proposal, numbered 11614 and submitted on June 29, arises from the community’s desire to swiftly resolve lingering conflicts within the Terra Classic ecosystem.
They believe a central authority will help reinvigorate the ecosystem by effectively managing blockchain resources, coordinating development activities, and making robust decisions that favor the resurgence of Terra Classic.
CZ: The Ideal Candidate
The individual touted for this daunting task is none other than Binance CEO CZ. The justification for his selection is rooted in Binance’s demonstrated support for LUNC burns, CZ’s well-established proficiency in cryptocurrency, and his access to abundant resources essential for development activities.
The community envisions CZ steering the Terra infrastructure, supervising L1 and L2 development activities, and taking the helm of governance decisions for LUNC, aiming to propel its value to the desirable $1 mark.
June 30th: A Key Turning Point
In a related development, the Terra Luna Classic community, on June 30th, approved a core developer Joint L1 Task Force (L1TF) proposal for Q3 chain developments and maintenance.
The main objective of the L1TF developer group is to hasten the reduction of LUNC and USTC supply by making use of the market module. However, this community approval came with a rejection: the Terra Allies ‘Six Samurai team, a proposed assembly of six senior developers to revive the Terra ecosystem, was turned down due to inadequate funds in the community pool.
The new LUNC community proposal for CZ’s leadership highlights the community’s pragmatic approach to resolving internal challenges and their determination to rejuvenate Terra Classic’s ecosystem. The result of this proposal could mark a pivotal turning point in Terra Classic’s journey.
Can Terra Luna Classic return from the grave? Avorak gives insight
With Avorak’s AI analytics gaining significant recognition, more investors are turning to its insights on Terra Luna Classic’s future.
LUNC price
After the Terra collapse, a hard fork was proposed, leading to the launch of Terra 2.0 and the rebranding of the original platform as Terra Classic, with the original LUNA token becoming known as Luna Classic (LUNC). Despite concerted efforts to revive Terra Classic, LUNC became hyperinflated when UST deviated from its $1 peg, and many investors and users are still wary of the platform. Consequently, the LUNC price has struggled to experience significant growth. The LUNC price continues to coil and trade in a narrow range amid the prevailing uncertainty in the cryptocurrency market. Additionally, most Terra Luna Classic price predictions are bearish, with several analysts suggesting a breakdown from the support trendline with a 4-hour candle closing will boost supply pressure and could plunge the prices down 25%.
What is Avorak?
Avorak is a new AI platform built on the BNB Smart Chain. The platform offers a wide range of AI solutions, including text creators, chatbots, image generators, blueprint drafters, 3D modeling tools, and more
The Avorak Trade bot has made a lasting impression by providing insights and predictions that correspond to those of reputable analysts in its development. This unique AI trading bot conducts a full market analysis, identifies key patterns and trends, generates sets of carefully selected indicators, and then provides price predictions. Avorak’s trading bot can also automate trades on multiple exchanges and asset classes and is programmed with a non-code-based command-line input.
Avorak Trade is currently in its beta phase, and beta testers have already earned significant profits, suggesting that once fully operational, it could be the best trading tool on the blockchain.
AVRK is the native token of the Avorak platform and serves as a payment for its AI services. AVRK holders are entitled to a share of the profits made by these services. Users can increase their AVRK holdings through Avorak’s three staking pools, or trade them for cryptocurrencies or fiat through crypto exchanges. There’s a capped supply of 40 million AVRK and a portion is burned on payments, ensuring deflation and price increases. AVRK is currently priced at $0.27 in the last phase of Avorak’s ICO (initial coin offering) and will launch at $1. The ICO offers investors other benefits besides significant returns on launch day, including token bonuses and preferential access to staking pools.
The Avorak team has received recognition for its ability to develop products that bridge the gap between traditional finance and cutting-edge science, and analysts have suggested that Avorak’s solutions position it for great growth and adoption.
For more information on Avorak:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
Why Investors Are Buying Sparklo (SPRK) Over BitDAO (BIT) And Terra Classic (LUNC)
Statistics are showing that investors are buying more of the Sparklo token over other coins like BitDAO (BIT) and Terra Classic (LUNC) due to the massive potential that the Sparklo project has shown since its presale phase started. More details are below.
High display of potential sees more investors buy into the Sparklo (SPRK) project
Sparklo has not gone short of momentum in the crypto market since its first presale phase. Now at the third stage of its presale, it has experienced an upsurge as investors discover the massive potential that Sparklo carries. It is a blockchain-based investment platform that allows investors to invest in highly profitable solid minerals like Silver, Gold and Platinum. These solid treasures can be traded on the Sparklo platform using fractionalized NFTs that act as digital placeholders for the assets.
Currently, the SPRK token has garnered an increasing reputation as the token follows a similar path to the early rise of Bitcoin. Crypto analysts have projected that the token may see a rise of over 1,500% before the end of the year. Given this, it is important to invest in the SPRK token now, as it sells at only $0.055. This is because investing in solid projects early is where significant gains are made.
It is worth noting that Sparklo has passed its audit with Interfi Network and has successfully verified its KYC from the BlockAudit Report Team. The SPRK token’s liquidity will be locked for 100 years to ensure more solidity and prevent an event of a rug pull. There’s a sky-high potential for Sparklo to boost investors’ portfolios and bring high returns. You can click the link below to invest.
Terra Classic (LUNC) is tilting towards bearishness
Terra Classic (LUNC) is a decentralized protocol that powers on-chain payment systems globally using fiat-pegged stablecoins. Terra Classic is showing an unwanted potential to enter the bear market soon. This is evident as the price analysis shows that the token has seen a 1% loss in price value in the last few hours. As such, Terra Classic trades at $0.0000893 at the time of this writing. Similarly, the trading volume of Terra Classic fell by 9.60% in trading activity within the last 24 hours to stay at $34.89M presently.
The signs of an imminent price downturn for Terra Classic are making the token a less favourable investment option. As such, investors may look beyond Terra Classic to Sparklo as a better investment alternative. Terra Classic holders have joined the ongoing SPRK token presale to make gains.
BitDAO (BIT) fails to see a price rally
BitDAO (BIT) is an autonomous organization that operates on the blockchain network and aims to facilitate a fair environment for a decentralized token economy. The token lost 0.80% in price value in the last 24 hours. Consequently, the token trades at $0.41 at the time of writing. Moreso, the 24-hour trading volume of BitDAO plummeted by 34.63% to stay at $1.79M currently.
While the price loss of BitDAO may seem less significant, it is only a testament to what may be in store for the token. As such, it may not be a good time to invest in BitDAO. However, Sparklo has proven to be a promising investment option. BitDAO investors have seen the potential of Sparklo and have joined the ongoing token presale to make profits.
Find out more about the presale with the links below;
Holders of Dogecoin, Terra Luna Classic and Avorak AI will Win in 2023
Many investors look for opportunities to invest in digital assets with potential profits but are spoilt for choice. With the growing number of cryptocurrencies, Dogecoin, Terra Luna Classic, and Avorak AI are among the leading cryptocurrencies in the market today. Each presents unique features and characteristics that make them stand out from the rest.
Terra Luna Classic (LUNC)
Terra began as a stablecoin platform offering fiat-pegged tokens and a stabilizing crypto asset, Luna, to promote the mass adoption of cryptocurrencies. It was founded in January 2018 with the support of the Terra Alliance. After the split, Luna Classic (LUNC), a token in the Terra ecosystem, experienced a significant price increase due to the burning of over one billion tokens. The collapse of the Terra ecosystem in May 2022 led to the creation of Terra 2.0. LUNC’s price reached a high of $119.18 in August 2022 before plummeting to its lows. Amid the recent SEC crackdown, the LUNC news was trending with the LUNC price pump, although it isn’t certain how far it would go up. Investors should follow LUNC news for updates and more on the progress of the parity upgrade for increased interoperability.
Will Dogecoin reach $1?
Whether Dogecoin reaches $1 is informed by many factors, such as the overall sentiment of the events in the Dogecoin ecosystem. The question begs the consideration of its reliance on hype, and with no real use cases, it becomes a subject of speculation. Dogecoin has experienced significant price fluctuations in response to various events, including Elon Musk’s tweets, which have boosted the cryptocurrency’s value in the past.
While many factors such as increased adoption, technological developments, and more mainstream acceptance could push Dogecoin to reach $1, it is uncertain achieving this target considering its current value. As it stands, it has to rally an enormous effort to reach dollar one but several factors stand in its way, including, lack of utility, inflationary supply, and it is speculation based.
Avorak AI
Avorak AI, with its utility solutions, solid framework, and a high-flying ICO, makes it a candidate for big wins this year. Avorak enters the crypto arena as a utility solution to blockchains and crypto traders and as an investment vehicle powered by its native token AVRK. Avorak Trade Bot is a crypto trading assistant that performs all the aspects of crypto trading such as surveys, data gathering, market watch, and analysis of complex historical data. By analyzing this information, it generates accurate signals for use in price predictions and profitable decisions.
Avorak also deploys image generators, chatbots, trade bots, and many robust solutions. Avorak Write strives to address the repetition and plagiarism challenges of existing AI content generation tools. It achieves this through a language bank and APIs that help the tool proofread, edit, and auto-correct text before producing ready content.
Avorak’s ICO is in phase seven, having surged 325% to $0.255, with projections of a further AVRK price rise to $1 at launch. The project rewarded early investors with bonuses, Beta testing access, and future priority access to staking pools. Avorak’s performance has attracted the attention of analysts, investors, and YouTube enthusiasts who have regarded the project as a 100x AI crypto gem. Avorak has decided to reward investors with bonuses as the ICO nears completion, subject to terms and conditions as per the schedule below:
$250 – $495 = 100% Bonus AVRK
$500 – $1,250 = 200% Bonus AVRK
$1,255 – $6,000 = 300% Bonus AVRK
$6005 – $10,250 = 400% Bonus AVRK
More than $10,300 = 625% Bonus AVRK
Terms and Conditions
Bonus can ONLY be applied to purchases made AFTER the time of this message and can not be applied to any orders made BEFORE this post.
Bonus MUST be submitted within 24hrs of the completed purchase.
After purchase, please note your TXN order number and E-mail address used for your Avorak AI account and submit to any support staff via Website Live Chat, Telegram or Discord.
These bonuses and more goodies to come defines Avorak AI as a credible project worth investing in this year,
More on Avorak AI here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
This Play-to-Earn Ecosystem Inspired by Classic Games to Outdo Pepe
The memecoin mania birthed from the PEPE explosion has been nothing short of spectacular over the past couple of months. The craze allowed a new breed of memecoins to enter the industry, with PEPE leading the way with its 30,000+% gains. However, with PEPE coming down from its peak, it seems that the memecoin mania is starting to fade away – although it’s not completely dead.
The dissolving sentiment around the memecoin mania is starting to be replaced by utility projects as memecoin hunters begin to use their skills to find up-and-coming projects that have the capability to provide real-world utility to their holders.
Interestingly, one project, in particular, is starting to crop on their radar because it blends memecoin mania with utility. Doge Rush is on a mission to change the speculative aspect of memecoins by providing an ecosystem that is rich with sustainable utility – laying the foundation for long-term growth. It combines memecoin hype with play-to-earn by reintroducing classic games to a new audience that provides rewards to players. As a result, analysts are expecting this project to outdo PEPE, with some predicting over 7000% gains.
Keep reading to discover why Doge Rush is the next memecoin sensation in line to capture the hearts of both memecoin hunters and utility-inclined investors.
Doge Rush – The Next Memecoin Sensation Providing Sustainable Utility
Doge Rush is the first memecoin attempting to bring real utility, internet culture, addictive gaming, and new financial opportunities to one cryptocurrency project. It combines meme appeal with practical utility – making it more than just a memecoin. Instead, it wants to provide sustainable utility to the memecoin space and proves that memecoins can transcend the speculative nature by offering holders a rich and engaging experience.
As a result, Doge Rush is considered the latest unstoppable force in the memecoin universe by providing more than just financial returns to holders. It’s helping to remove boundaries in the memecoin space by fusing the viral internet culture with some real-world utility.
Overall, the project is officially helping to revolutionize the memecoin space by merging viral internet memes with tech, addictive games, and financial potential into one innovative ecosystem. It promises to be more than just an investment but a journey through the memecoin universe.
Doge Rush gains its utility from two specific products in its arsenal; DogeHub and DogeWin. Let’s take a look at both in a little more detail.
Play-to-Earn and Crypto Raffles Create an Exciting Ecosystem
DogeHub is one of the flagship utility features for the Doge Rush ecosystem, standing at the crossroads between entertainment and finance by allowing users to earn $DR tokens through an addictive play-to-earn ecosystem. DogeHub turns playtime into playtime by allowing players to earn rewards for hitting certain milestones in its fun and addictive game.
The cutting-edge gaming hub is bringing some of the most beloved classic games to the memecoin universe. If you remember the incredible runner game craze in the twenty-tens (2010+), you’ll understand why analysts are predicting this ecosystem to provide over 7000% gains for presale investors. During that time, a range of runner games was released – such as Temple Run, Subway Surfer, and Sonic Dash – that had gamers playing for hours at a time.
The games were very simple, requiring players to move left and right as they ran through an obstacle course to avoid collisions with deathly traps. The further they got in the game, the more points were accumulated.
Now, Doge Rush is bringing back these classics with a few twists. One of the twists is that players can finally earn rewards for spending hours on the addictive games they love. In addition, another twist is that DogeHub integrates two of the industry’s favourite characters in the game; Doge and Elon. As a result, players can become addicted to a thrilling game while controlling icons in the industry and simultaneously earn $DR tokens as a reward.
Another flagship feature that provides utility for the ecosystem is DogeWin, the ultimate crypto prize arena. DogeWin is a treasure trove of crypto rewards that allows users to join raffles and competitions to win glorious prizes. Some of the prizes listed are copious amounts of ETH, highly sought-after NFTs, and much more.
DogeWin is designed to bring another level of engagement into the ecosystem by injecting luck and anticipation into the hearts of gamblers. It elevates the entire user experience and provides another avenue to earn rewards.
Presale Picking Up Momentum As Investors Rush For Utility
The presale for Doge Rush is starting to pick up some momentum as investors rush for the new utility-infused memecoin project, causing the fundraising to cross the $350,000 level.
The presale is currently selling the token at a price of $0.0055. However, you need to act quickly to take advantage of the lower prices because the presale uses an increasing pricing strategy. As a result, the cost for $DR will increase during each subsequent presale. Those that invest in the earlier stages stand to benefit the most as they leave the fundraising with higher levels of unrealized gains when the token lists on tier-1 exchanges at a price of $0.0099.
Terra Classic Prepares For Major Parity Update
The post Terra Classic Prepares For Major Parity Update appeared first on Coinpedia Fintech News
The Joint L1 Task Force (L1TF), consisting of Classic Terra core developers, is gearing up for the Terra Classic blockchain’s largest v2.1.1 parity update scheduled for June 14. Following the approval of proposal 11561, titled “Upgrade to v2.1.0,” by the Terra Luna Classic (LUNC) community, the L1TF upgrade provides an update on the specifics and status of the upcoming upgrades.
Ethereum Name Service And Ethereum Classic Extremely Profitable With Avorak Trade Algo
While there has been little news surrounding Ethereum Name Service (ENS) and Ethereum Classic (ETC), by leveraging the power of Avorak Trade, investors can unlock the potential of these digital assets and capitalize on their growth.
Ethereum Name Service
Ethereum Name Service (ENS) is a decentralized domain name system built on the Ethereum blockchain. It allows users to register and manage human-readable domain names for Ethereum and other cryptocurrency addresses, content hashes, and metadata. ENS provides a user-friendly and easily recognizable naming system that eliminates the need for long and complex addresses.
Ethereum Classic Price Prediction
Ethereum Classic (ETC) is a blockchain platform that emerged as a result of a hard fork in the original Ethereum network. The fork occurred in 2016 following the infamous DAO (Decentralized Autonomous Organization) hack, where a significant amount of Ether (ETH) was stolen. While the majority of the Ethereum community decided to implement a hard fork to recover the stolen funds, a portion of the community opposed this action, arguing that the immutability of the blockchain should be preserved. This group continued to support the original Ethereum chain, which became known as Ethereum Classic. ETC retains the same underlying technology as Ethereum (ETH), including smart contract functionality, but it operates independently with its own development roadmap and community. However, Ethereum (ETH) is the more widely recognized and adopted version, and the ETC price has been on an overall decline for the past 90 days. Nonetheless, some analysts are bullish on the future of ETC.
How can Avorak Trade help you profit?
Avorak Trade is one of Avorak’s AI-driven solutions. Avorak Trade’s algorithms can analyze vast amounts of historical and real-time data 24/7 without fatigue or boredom, identifying patterns and trends faster and more accurately than humans. This enables it to predict future price movements that may go unnoticed by human traders. The bot then provides price predictions and large sets of indicators to help traders make more informed decisions. Avorak Trade has notification systems that can alert users when patterns and trends in the ENS and ETC price change.
Avorak’s AI trading bot can make automated trades on different exchanges and assets. Avorak AI has ensured ease of use by developing a non-code-based command-line input for the trading bot. Investors can benefit from its ability to execute trades with high accuracy and speed. Avorak Trade’s algorithms can quickly identify favourable entry and exit points, maximizing profit potential and minimizing risks. The AI can adapt to changing market conditions, allowing investors to stay ahead of market trends and capitalize on emerging opportunities.
The AVRK token will be required to access Avorak Trade and other Avorak AI services. AVRK is selling at $0.255 in the second-last phase of Avorak’s initial coin offering (ICO). Investors at this level get a 4% token bonus on top of other ICO benefits. With a launch price of $1 and great growth potential, many analysts suggest that AVRK’s price is still highly discounted.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
Focus On Uwerx (WERX) Presale in 2023, Put Ethereum Classic (ETC) And Dogecoin (DOGE) On The Bench
If you are looking for a promising project in its early stages that shows excellent room for growth and great fundamentals, look no further! Some analysts believe they have found the perfect one – Uwerx, a Stage-2 presale initiative that could even outperform Ethereum Classic (ETC) and Dogecoin (DOGE). But why have they come to this conclusion? Let’s explore.
Ethereum Classic (ETC) Drops By 2%
In the first few weeks of 2023, Ethereum Classic (ETC) saw a shocking surge of 30%, waking up the bulls who were in hibernation for most of 2022. Although Ethereum Classic (ETC) saw a short rebound, this appears to have subsided as the coin is showing bloody charts again.
At this time, Ethereum Classic (ETC) is trading for $18.43 with a market cap of $2.6B, a loss of 2.40% over the last day alone. The sentiment around Ethereum Classic (ETC) is negative now, with bears still controlling the coin. Investors are advised to seek out other projects with more use cases as they are more profitable in the long run compared to Ethereum Classic (ETC).
Dogecoin (DOGE) Unable To Sustain Momentum
The original meme coin, Dogecoin (DOGE), was also one of the coins that enjoyed the crypto bloom at the start of 2023, as it soared by 27%. But, Dogecoin (DOGE) could not sustain this long-term as it currently has a value of $0.07. This is a 4% drop in the past 24 hours and a 3% decrease from a week ago.
However, Dogecoin (DOGE) is increasing its trading volume, with a single-day 37% jump. Although Dogecoin (DOGE) may see some positive charts again, it lacks long-term growth due to its limited use cases. Dogecoin (DOGE) must make a drastic change to attract investors.
Uwerx (WERX) Could Be A Powerful Crypto Entity
We predict that Uwerx could be one of the most important projects to come out this year. This decentralized blockchain-based crypto looks to be a game changer. It will offer rewards and bonuses to users who perform certain actions, access to premium features such as exclusive content, token burns to reduce supply and maintain value as well as serve as a medium of exchange. The platform promises reduced fees (5% vs. 20% at Upwork and Fiverr) and faster transaction speeds. These features come together to give a solution that is revolutionary within an industry that is projected to grow exponentially.
We recommend investors go through the links below to find out more details. The presale is ongoing at $0.0315 – liquidity has been locked in for 25 years after presale and the project already has had its smart contracts audited by both Solidproof and InterFi Network. We recommend potential investors should not miss out on this project as it is tied to solving real-world problems in an ever-growing industry.
Presale | Telegram | Twitter | Website
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Sparklo (SPRK) Rivals XRP (XRP) and Ethereum Classic (ETC) for Top Tokens
Sparklo is pioneering a unique idea on the blockchain. The excitement around the project means adoption is imminent and will put it in a strong position to compete with XRP (XRP) and Ethereum Classic (ETC).
Sparklo (SPRK) offers unique trading on the blockchain
Sparklo aims to offer the crypto community a unique opportunity to invest in NFTs representing real-world luxury investments. Through Sparklo, members can invest in platinum, silver and gold through NFTs, either completely or in fractions.
Sparklo’s presale is underway at only $0.026. This cheap price is followed by a 50% bonus, summing up the presale’s incredible deal. Besides being cheap, Sparklo is also a profitable project, according to experts. They believe the project has the potential to record 3,000% growth by December 2023. So, what are you waiting for? The presale link is just below.
Moreover, to secure your investment, liquidity will be locked for 100 years and the tokens of the team will be locked for 3 years. Furthermore, with its audited smart contract by InterFi Network and completed KYC audit, the project and presale are safe.
XRP (XRP) trades sideways as investors search for better entry points
XRP’s (XRP) parent company, Ripple, is leading an initiative that aims to support decentralized infrastructure. In a tweet released May 23 by Dispersion Capital, it said a $40 million initial fund will be invested in decentralized infrastructure, with 10% already deployed. Although XRP (XRP) is still in the middle of a legal tussle, it nonetheless continues to make positive waves in the crypto space.
XRP (XRP) is currently trading at $0.46 as of the time of writing and has been trading sideways in the past week. On the 24-hour price chart, XRP’s (XRP) value has decreased by 1.25% but has experienced 1.48% gains in the past 7 days at press time. Although XRP (XRP) will experience a significant spike in price at some later time, we believe it won’t be as significant. The Sparklo presale, on the other hand, comes with promises of considerable growth.
Ethereum Classic (ETC) is currently trading in tandem with Ethereum (ETH)
Ethereum’s (ETH) hard fork, Ethereum Classic (ETC), is one of the most popular tokens, ranking 25th. Ethereum Classic (ETC) trades at $18 but has been facing selling pressure in recent times. In the past 24 hours, Ethereum Classic (ETC) has experienced a 1.9% drop in price at press time. Further, a 7.8% decrease in price on the 30-day chart shows a bearish trend on the monthly chart.
Ethereum Classic (ETC) is trading in tandem with Ethereum (ETH) in the 24-hour chart as of press time. A price swing in Ethereum (ETH) might show a similar result in Ethereum Classic (ETC). Notwithstanding, Ethereum Classic (ETC) doesn’t offer exponential growth, at least not as much as Sparklo, making the latter more profitable.
Find out more about the presale:
Buy Presale | Website | Twitter | Telegram
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Sparklo (SPRK) Projected to Overtake Terra Classic (LUNC) And Kava (KAVA) In 2023
In the face of recent setbacks and price drops in the crypto space, crypto investors are on the lookout for projects that not only offer promising returns but also have the backing of valuable commodities such as gold. While well-known projects like Terra Classic (LUNC) and Kava (KAVA) may hold potential for future growth, investors are gravitating towards innovative projects like Sparklo, which provides the appeal of NFTs supported by precious metals.
Why Sparklo (SPRK) is the new gold mine
Sparklo is about to reshape the precious metals investment sector with a new blockchain platform. This platform will provide users with the chance to engage in the precious metals market, acquiring either fractional shares or whole quantities represented as unique NFTs. Each NFT will be fully backed by actual platinum, gold, or silver.
To increase trust and ensure transparency, Sparklo’s liquidity will be locked in for a century, stopping any abrupt sell-offs post-launch. The team’s tokens will also be locked for a significant period of 1000 days. Also, Sparklo has had its smart contract audited by the InterFi network and has successfully completed the KYC process.
Through these measures, Sparklo seeks to inspire confidence among its investors and enhance the long-term worth of the project. Presently, Sparklo is holding its second token presale phase, offering the SPRK token at a price of just $0.026 per token. This is a good opportunity for investors to join before the project launches.
Kava (KAVA) price jumps 10% as trading volume surges
At press time, the price of Kava (KAVA) has skyrocketed by 10.79% in the past 24 hours to $1.21. Kava (KAVA) trading volume has also touched $202,497,383, a surge of 429.50% compared to the volume recorded a day earlier. This upswing in the trading activity of Kava (KAVA) indicates a recent surge of interest in the market.
However, the sudden leap in Kava’s (KAVA) price has taken many by surprise, particularly since there have been no major announcements or developments that would typically be associated with such a substantial increase. Perhaps, Kava’s (KAVA) recent price jump could be a temporary occurrence.
Binance to carry out Fetch.ai and Terra Classic (LUNC) upgrades
Binance, the world’s largest crypto exchange, has officially announced its endorsement for the upcoming network upgrades of Fetch.ai (FET) and Terra Classic (LUNC). These upgrades are designed to enhance the functionality and performance of the respective blockchain networks, providing users with greater stability and improved features.
The network upgrade for Terra Classic (LUNC) is scheduled to take place at the Terra Classic block height of 12,902,400. As part of this process, Binance will temporarily halt deposits and withdrawals for Terra Classic (LUNC) and USTC via the Terra Classic network starting from May 23, 2023.
Find out about the Sparklo (SPRK) presale using the links below:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Bitfinex Backs Terra Classic Tax Burn Hike to 0.5%
The post Bitfinex Backs Terra Classic Tax Burn Hike to 0.5% appeared first on Coinpedia Fintech News
Bitfinex to back Tax Burn on Terra Classis Network transactions. LUNA Classic’s tax burn was raised to 0.5% with Bitfinex’s backing. Deposits & Withdrawals for LUNC Classic & TerraUSD suspended on Bitfinex On May 23, 2023, at 19:00 (UTC). LUNA & TerraUST access will resume after tax burn updates and stable network. Bitfinex to update on Deposit & Withdrawal reopening via Social Media. where customers can check the procedures status via API anytime, 0.5% tax deducted by Terra Classic Network.
Maximize Ethereum Classic and Ethereum Name Service Profits with Avorak AI
Digital assets like Ethereum Classic (ETC) and Ethereum Name Service (ENS) have emerged as profitable trading options for investors. With Avorak AI’s advanced trading tools and analytics, traders can maximize their profits by trading these digital assets.
Ethereum Classic (ETC)
Ethereum Classic (ETC) is a blockchain-based platform created after a hard fork from Ethereum (ETH) in 2016. ETC supports decentralized applications and smart contracts, making it popular for launching blockchain-based projects and transactions. ETC’s unique codebase and community-driven governance structure make it more resistant to external influence, improving transparency and security. Avorak Ai helps traders predict the Ethereum Classic price and buy, sell, or hold accordingly.
Ethereum Name Service (ENS)
Ethereum Name Service (ENS) is an exciting project built on the Ethereum blockchain, enabling users to register human-readable domain names for their wallet addresses, smart contracts, or content on the blockchain. The ENS protocol simplifies complex blockchain addresses into an easy-to-read format, which is visitor-friendly and easier to remember, thus increasing usability and adoption.
Avorak AI
Avorak’s first-to-market solutions propel it to lead AI crypto in providing blockchain solutions and simplified tools for crypto traders. Avorak AI is a comprehensive solution of trading tools and analytics, allowing traders to develop and customize their trading strategies to meet their individual goals. Avorak deploys chatbots, trade bots, virtual assistants, and text and image generators. With Avorak AI’s unparalleled insights and analytics, traders can confidently and efficiently trade ETC and ENS, successfully adding these assets to their cryptocurrency trading portfolios. By leveraging Avorak AI’s advanced insights, traders can stay on top of the latest market trends in ETC and ENS and maximize their profitability. Avorak AI’s cutting-edge trading bots analyze market data in real time, identifying potential trading opportunities and suggesting trades compatible with the traders’ risk preferences. Avorak Trade monitors markets round the clock and analyzes historical data to determine the Ethereum Classic price movements accurately.
Avorak’s native token, AVRK, currently trades at $0.235 in phase six. The price represents a 291.67% price gain from the initial price. The early investors benefit from access to priority staking and Beta. Excited investors and analysts have showered accolades on this exciting project. Jacob Crypto Bury on YouTube considers the project a 10x. Avorak’s launch price will be $1, and the listing will be on Coinsbit, LAToken, Azbit, and PancakeSwap exchanges. Avorak’s platform has been cleared to proceed through audits by CyberScope and SolidProof.
Avorak AI has also debuted the content generation space through Avorak Write. After editing and proofreading, the tool utilizes a natural language bank and API to generate original content.
Avorak strives to address the problems facing the current content generation tools, such as repetitive content and plagiarism. The tool can also generate content in various styles, from classical to modern.
Wrap Up
ETC and ENS are promising digital assets for traders seeking to maximize profits. Traders can leverage Avorak AI’s advanced trading tools and analytics to stay up to date on market trends. Avorak AI solutions help investors make prudent trading decisions, enabling them to succeed in the dynamic cryptocurrency market.
Get more information on Avorak AI and ICO here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Terra Classic (LUNC) Price Might Crash 80% If Bitcoin Drops Below This Crucial Level
In a recent tweet, Tobias Andersen, a senior software developer, and former Terra Classic layer-1 team member, raised concerns about the possibility of LUNC revisiting its all-time low (ATL) value of $0.00001675. He believes that if the selling pressure on Bitcoin (BTC) continues and drives the cryptocurrency to the $22,500 price range, LUNC’s price could suffer further.
Crypto Market Fakeouts and Their Impact
Andersen, known as “Zaradar” on Twitter, has warned against crypto market fakeouts, which occur when an asset falsely indicates a price breakout, causing a rapid price reversal. He emphasizes that such events can harm traders and negatively impact market sentiment. In response to a recent drop of 5% in BTC’s price within an hour, he expressed his concerns, particularly as BTC fell to $26,777, reaching a 7-week low. The developer also noted that these fakeouts can have a detrimental effect on other assets.
Selling Pressure on Bitcoin Raises Concerns
The immense selling pressure witnessed in the Bitcoin market this week has contributed to the prevailing pessimistic mood. Crypto analytics firm Material Indicators reported a significant transfer of 9,800 BTC from an unnamed wallet, which has generated speculations of a “possible government seizure” or “whale dumping.” Although the transaction’s source remains unknown, experts speculate that it might be a routine transfer between two major exchanges or businesses.
LUNC’s Struggle
BTC’s uncertain future has also impacted other assets, including LUNC. As a low-cap altcoin, LUNC has faced challenges in gaining traction and recovering from its recent price drop. Despite experiencing a 10% gain in the past two days, the token is still down 81% from its all-time low. As Zaradar predicted, if BTC’s price drops to $22,500, LUNC might face further losses and retest its all-time low, potentially leading to a decline of Terra (LUNA) to $0.50.
This Might Interest You: Terraform Labs Shocks Crypto Community with Million-Dollar Token Transfer – Coinpedia Fintech News
Terra Classic Community Support and Future Prospects
The Terra Classic community continues to rally behind the revitalization initiative. The L1 team recently recommended a chain update to v2.0.1, aligning with the capabilities and interoperability of Cosmos and Terra 2.0. The community’s overall approval of these updates could pave the way for new ventures and partnerships, fostering the growth and development of the Terra Classic ecosystem.
In conclusion, the volatile nature of the crypto market necessitates diversification for investors. While LUNC may face short-term hurdles, the future of the Terra Classic ecosystem depends on its continuous improvement and adoption of new use cases.
As Andersen succinctly stated, “if BTC reaches $22,500, LUNC will retest its all-time low, and LUNA will likely drop below 50 cents or less.”
The Crypto Project Everyone’s Talking About Over Cronos (CRO) and Terra Classic (LUNC)
Are you looking for the next big thing in the world of cryptocurrency? Check out Sparklo – the latest crypto project that has got everyone talking. It has a unique and innovative approach to blockchain technology, helping it to gain popularity among investors and enthusiasts.
Some even say it’s set to outperform established players like Cronos (CRO) and Terra Classic (LUNC). So, what are you waiting for? Take advantage of this exciting opportunity to invest in the future of crypto. Read on and discover why Sparklo is the talk of the town.
Sparklo (SPRK): The Must-Have Investment Of 2023
Sparklo is a new crypto platform that allows investors to make money from trading precious metals. This investment opportunity is unique as fractionalized NFTs secure it.
With its fractionalization and trading platform, Sparklo is opening the doors to a wide range of investors. Those who are wealthy and humble mean CBA leverages the fractionalized model and makes money. As such, Sparklo aims to become the first Altcoin project tailored for crypto investors.
One of the most attractive features of Sparklo is that it offers investors first access to new products and discounts. Sparklo will partner with jewellery stores to bring new products to market. This partnership will allow its users to enjoy exclusive access to luxury items and diversify their portfolios.
Sparklo has passed its audit with Interfi Network, and its liquidity will be locked for 100 years to ensure investor safety. The team has also passed KYC and received their KYC certification from Block Audit Report.
Sparklo’s presale is currently ongoing, with a price of $0.019 per SPRK token. Investors can benefit from a 40% bonus on all purchases until June 20, which means that if they buy 100,000 tokens, they will receive 140,000 tokens.
Cronos (CRO) Cryptocurrency Falls Short: Understanding the Market Trends and Potential Risks for Investors
Cronos (CRO) is another cryptocurrency that could be doing better. Not many people are trading it right now. This is because the number of people buying and selling Cronos (CRO) is lower than it usually is over the past seven days.
Because there is limited data on Cronos (CRO), some investors might not want to invest in it. Even though it started strong, Cronos (CRO) is gaining little popularity in the market and is losing momentum quickly.
As a result, Cronos (CRO) needs help keeping up with all the changes happening in the market. People who want to invest in Cronos (CRO) have been warned to be careful because it’s not doing well.
Terra Classic (LUNC) Testnet Upgrade to Version 2.0.0: Boosting Security and Functionality for the LUNC Blockchain
The Terra Classic (LUNC) blockchain recently underwent a major upgrade to version 2.0.0, which could increase the value of the Terra Classic (LUNC) token, LUNC. This is a critical milestone for the project and shows that the team is actively working to improve the ecosystem.
The upgrade was successful, and the Terra Classic (LUNC) team plans to upgrade the Terra Classic mainnet to version 2.0.0 on May 17. This will introduce several upgrades that will further enhance the security and functionality of the Terra Classic (LUNC) network.
The news of the upgrade has been met with enthusiasm from the LUNC community, with some investors predicting that the Terra Classic (LUNC) token’s value will continue to rise. This will aid the adoption and usage of the token over time.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Monero (XMR) Growth Undone, Ethereum Classic (ETC) Rallies Amidst Sparklo (SPRK) Presale
Monero (XMR) and Ethereum Classic (ETC) were among the few cryptocurrencies which have recorded a strong price performance in 2023. Unfortunately, Monero (XMR)’s price rally was undone by its sudden drop in March. Ethereum Classic (ETC) also showed a price recovery, but its case was slower than many other cryptocurrencies.
However, its price rally was also more sustainable than many tokens. Even more exciting is the news of the Sparklo token presale. Sparklo, whose platform is dedicated to trading gold and silver, has been turning heads in the Web 3 community thanks to its pre-sale launch and expected price increase.
March Performance Undoes Monero (XMR)’s 2023 Gains
The month of March wiped a significant chunk of value from Monero (XMR)’s price, especially as it had been on an impressive rally that took it close to 20% of its year-on-year price. Monero (XMR) was trading at around $200 by this time last year, but successive market crashes brought its value to $128 in November. Soon after, Monero (XMR) started rallying upwards, and its price reached around $145 by the end of 2022.
From the start of the year, it started an impressive rally that took it to $186 towards the end of January. The price corrected slightly in February but tanked sharply in March when it dropped to around $142. The price has been on a slow unimpressive rally since then, but as the crypto winter is slowly ending, perhaps Monero (XMR)’s price will increase.
Ethereum Classic (ETC) Shows a Mild but Impressive Rally in 2023
Ethereum Classic (ETC)’s performance in 2023 has been mild but quite impressive, considering its volatility in the final four months of 2022. Not only did Ethereum Classic (ETC) record a sharp rally in January, but it has also been able to lock most of those price gains, especially in February, when its performance was more volatile. Ethereum Classic (ETC) was trading at $20 on January 7th.
By the 2nd week, it rose to $20 and hovered in that price range until the end of February. Unfortunately, March brought a sharp price decline, and the price went back to $16. Since then, Ethereum Classic (ETC) climbed upwards, even reaching $22 before a price correction brought it back to around $19. What’s most impressive about Ethereum Classic (ETC)’s performance is that it hasn’t dropped to its pre 2023 lows.
Sparklo (SPRK) Becomes Main Crypto Gateway to Gold and Silver Markets
Ever wanted a way to invest in alternative assets like gold and silver but with the added comfort and safety of blockchain technology? That’s what Sparklo is bringing to the Web 3 community. Sparklo is a one-of-a-kind network whose unique services make it the main gateway to investing in precious metals.
Sparklo offers users extra security thanks to its high-end blockchain technology. Users will also enjoy low fees and wide access to precious metal markets. Sparklo uses fractionalized NFTs to represent an investor’s holdings.
Users can trade their NFTs among colleagues or redeem them for cash when liquidating their positions. Finally, Users can take full possession of their physical assets if they meet the requirements. Sparklo will deliver assets to users, whether in their homes or a location of their choosing.
Sparklo is in its presale phases, so its price is still quite low, making now one of the best times to invest in this project. Sparklo is also offering a 30% bonus to new buyers. It would interest you to know that by the end of April, Sparklo’s price is expected to rise from $0.015 to $0.017. To learn more about Sparklo’s presale, check the links below.
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Why Sparklo (SPRK) Could Beat Tron (TRX) And Ethereum Classic (ETC) In 2023
Bitcoin has hit another milestone as it consistently remains above $25k. This suggests a promising phase is on the horizon, with analysts predicting an incoming bull cycle.
A clear indication of this shift can be seen in the growing interest of institutions flocking to capitalize on the market’s potential. In this exciting time, the crypto world is poised for a significant change, and investors eagerly anticipate the next steps.
The market’s newfound stability and the growing attention from major players further solidify the need for investors to start looking into new high-potential cryptos.
Sparklo, a new player in the game, has garnered much investor attention lately. And it’s not hard to see why. As a cryptocurrency still in its presale phase, Sparklo (SPRK) offers a unique opportunity to buy into this exciting technology early.
Sparklo (SPRK) Experiences FOMO Ahead Of Price Hike
Investors are taking notice of Sparklo (SPRK) and for good reason. Sparklo (SPRK) is currently in presale, but the price is already climbing.
With an upcoming Sparklo (SPRK) price adjustment set for April 30th, 2023, from $0.015 to $0.017, investors are scrambling to get in on the action. Before the adjustment, investors can get 30% bonus for all tokens bought.
Sparklo (SPRK) wants to offer a revolutionary new way for investors to buy fractional units of precious metals. Sparklo (SPRK) offers an innovative use case.
Using NFTs to represent gold, silver, and platinum units, Sparklo (SPRK) uses blockchain technology to offer a secure and dependable investment option.
What sets Sparklo (SPRK) apart from the rest is its transparency. Sparklo has gone above and beyond, ensuring investors are in the know of everything. The Sparklo (SPRK) smart contract has been audited by InterFi Network, giving investors peace of mind that everything is above board. Sparklo (SPRK) also has a 100-year liquidity lock, which is simply unheard of in this space.
Ethereum Classic (ETC) Stagnates As Adoption Dwindles
Ethereum Classic (ETC) has faced a rocky road recently as adoption dwindles and buying volumes continue to slip. Ethereum Classic (ETC), a spin-off of Ethereum, initially attracted much attention due to its robust infrastructure and strong technical foundation.
However, as the market shifted and other cryptocurrencies emerged, Ethereum Classic (ETC) started to lose footing. Despite this, the team behind Ethereum Classic (ETC) has remained committed to improving the platform and bringing innovation.
While Ethereum Classic (ETC) may not be as popular as it once was, a dedicated community of users still believes in its potential and value. Only time will tell how Ethereum Classic (ETC) fortunes will unfold.
However, regarding investor attention, Ethereum Classic (ETC) is different from Sparklo (SPRK). Investors are more excited about Sparklo.
Tron (TRX) Still Flat Even As Market Gains Upside Momentum
Tron (TRX) was once at the forefront of the cryptocurrency world, capturing the attention of investors and enthusiasts alike with its promise of revolutionizing the entertainment industry.
But as Tron (TRX) grew, so did concerns about its centralized structure and the role of founder Justin Sun. With competing blockchain platforms, particularly Ethereum, gaining traction and support, Tron (TRX)’s hype has declined recently.
Yet, despite its challenges, Tron (TRX) remains a significant player in the crypto space, and its potential to transform the entertainment industry cannot be denied.
It will be interesting to see how Tron (TRX) evolves in the coming years.
Whether Tron (TRX) can reclaim some of the attention it once commanded is debatable. One thing is clear, though, Tron (TRX) continues to lose steam as new cryptos emerge.
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
South Korean Court Exonerates Terra Classic of Violating Capital Markets Act; LUNC Is Not a Security!
Terra Luna Classic (LUNC), a blockchain that rebranded from Terra chain following last year’s collapse, has attracted the attention of global regulators. With Do Kwon already under custody, the attention has significantly shifted to regulating the industry to curb such incidents in the future. Moreover, Kwon does not have assets that can be liquidated to repay the affected customers.
In a bid to keep blockchain and crypto companies in check, a debate is expected to be on whether digital assets should be traded as a security or a commodity.
LUNC is Not a Security
Reportedly, a South Korean district court has rejected the prosecution’s claims that Terra Classic’s native coin LUNC is security. The judge noted that there is no substantial evidence that LUNC has violated the Capital Markets Act.
The ruling is a bold move for the South Korean government that is currently prosecuting Do Kwon for fraud through crypto and blockchain technology.
Previously, other South Korean courts have ruled that crypto assets are not securities although the room for discussion on the law interpretation stands.
Price Action
The announcement had a little positive impact on the LUNC price action. According to the latest crypto market update, LUNC traded around $0.00011071 on Monday, down approximately 2.8 percent in the past 24 hours. The LUNC price is, however, far from attaining LUNA’s former ATH of around $119. While most digital assets have recorded positive gains YTD, LUNC price has been on a decline since the calendar flipped.
Bigger Picture
Following the ruling that LUNC is not a security, the XRP community hopes the Manhattan judge could follow a similar path in the SEC vs Ripple case. Furthermore, there are minimal differences between LUNC and XRP in execution.
Ethereum (ETH) Merge Fails to Spark Ethereum Classic (ETC). Uwerx (WERX) Presale can Outperform Both in 2023
Uwerx will be a new crypto project looking to disrupt the market for freelance workers. By leveraging that fast-growing sector, Uwerx can see strong gains in 2023. The crypto market rebound is likely to be slow, and coins like Ethereum (ETH) and Ethereum Classic (ETC) will face an uphill battle for returns.
Ethereum (ETH) Flops After the Merge Update
Ethereum (ETH) was the big crypto news story in August and September after the project announced its long-awaited move to Proof-of-Work mining. The move made the project greener, but developers said that it would not solve the issues with gas fees and transaction speeds. The Merge happened around 15 September, but the price is still lower after the FTX fallout. Ethereum (ETH) is still the number two crypto in the world with a $200 valuation.
Ethereum (ETH) currently has $28 billion in Total Value Locked on the chain but that is down from $100 billion at the peak. Ethereum (ETH) has suffered from a drop in NFT sales and other applications. The next upgrade for Ethereum (ETH) will be the Shanghai hard fork. The Shanghai upgrade allows the withdrawal of staked Ethereum (ETH) tokens, which remain locked following the September upgrade. The coin currently trades around the $1,851 figure after seeing highs of $2,000 ahead of the Merge.
Ethereum Classic (ETC) Loses Early Gains
Ethereum Classic (ETC) was seen as a beneficiary of the Ethereum Merge. Ethereum Classic (ETC) still uses the Proof-of-Work architecture, and it would have been an easy switch for miners. The chain did see a jump in Total Value Locked to $1.4 million around the time of the Merge. However, the project has since seen its TVL drop to $159k.
Ethereum (ETH) founder Vitalik Buterin previously endorsed Ethereum Classic (ETC) ahead of the Merge, but it failed to spark a sustained rise in activity. In his comments, Buterin said the chain was a “fine” PoW alternative to Ethereum. Ethereum Classic (ETC) has slipped out of the top twenty coins and ranks at number 24. The current price of ETC is $19.89 with a market cap of over $3 billion.
Uwerx (WERX) Can Outpace Ethereum this Year
Uwerx is a new project with real-world utility, that benefits from first-mover advantage by way of a decentralized blockchain. The current market leaders for freelance work are using Web2 software platforms, but Uwerx wants to take the market to the blockchain. The current market is often criticized for having high fees and slow payments, which are two areas that the digital ledger can fix. Uwerx wants to slash fees from 20% to 1% and that could see the project pick up early market share. There are other benefits in using the blockchain, such as increased data security and IP control.
Investors are showing great levels of confidence in the legitimacy of the project as liquidity has been locked for 25 years after the presale ends and also, the project has received audit approvals from both InterFi Network and SolidProof.
Uwerx can speed ahead of Ethereum (ETH) and Ethereum Classic (ETC) because it does not have to follow the swings of crypto adoption or confidence. Uwerx is currently in a presale at a value of $0.0065 and under the radar of the majority of investors. Gig economy workers grew by 12% during the pandemic in the U.S. and there are expected to be 91 million freelancers in the country in 2028.
That underlying market and growth will support Uwerx and gains can come with marketing and exchange listings. Some analysts expect to see a huge rise in WERX to $2.80 this year.
See the links below to join this exciting presale whilst you can, before the price increase later on today and enjoy a 25% purchase bonus as well as the chance to enter a competition to win $5,000.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Losing Hope For Stellar (XLM) And Ethereum Classic (ETC)? Meet Uwerx (WERX)!
Investing early in a project that has growth potential, brings change, or improves an entire industry is a perfect strategy to become wealthy in the future. And that is why crypto presales are more favourable to investors than already-established coins like Stellar (XLM) and Ethereum Classic (ETC). One presale has been the talk of the town lately – Uwerx! Keep reading to find out why.
Stellar (XLM) Value Goes Up And Down
Stellar (XLM) is an accessible transactions system that generates its currency and acts as a decentralized intermediate blockchain supporting international financial institutions.
Recently, the South Korean crypto exchange Upbit temporarily suspended the withdrawals and deposits of Stellar (XLM) coins. This news has not affected the Stellar (XLM) coin price, as it is currently worth $0.104175, however, the Stellar (XLM) trading volume has decreased by 3.2% at the time of this writing. The sentiment around Stellar (XLM) is neutral now, but investors are looking for a new coin with a more significant upside.
Ethereum Classic (ETC) Loses Its Steam
Ethereum Classic (ETC) is a decentralized crypto built on Ethereum. Due to the lack of external meddling, Ethereum Classic (ETC) rose in popularity in the past year.
According to some analysts, the critical change in the hash rate of Ethereum Classic (ETC) after 2022 opened the door for profitable mining. Ethereum Classic (ETC) is still plagued by bearish sentiment, which indicates terrible views traders carry for it, although having rallied. Consequently, potential purchasers are urged to exercise caution because value retracements typically occur after negative sentiment.
Uwerx (WERX) Will Be A Shining Crypto Light
A growing number of individuals are taking control of their careers and opting to work as they truly desire. For this reason, it’s anticipated that most American workers will soon be freelancers. And Uwerx will be an excellent freelance platform where businesses can interview and hire them!
The Uwerx team will establish the first-ever blockchain-based freelance platform, hoping to eliminate traditional platform problems like high fees and scams. Uwerx will dramatically lower service fees by cutting out the third-party escrow service, and all of its data will be kept on the blockchain itself, improving transparency.
The price of one WERX token is $0.0065, but the presale is new – in Stage 1 precisely. As it advances, price hikes are expected. Some experts even believe an 8,000% surge is in store for WERX, making it a possible blue-chip coin! InterFi Network and SolidProof have already completed a smart contract audit to quell any rug-pull concerns, and the team will lock Uwerx liquidity right after the presale concludes.
Feel free to follow the links below if you wish to participate and earn a 25% bonus in your purchases and participate in a competition to earn $5,000 in this presale:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their research before taking any actions related to the company.
The image used in the article is been obtained from a third party and is used for informational purposes only. Coinpedia should not be held responsible for image copyright issues. Please contact us immediately if you have any issues or concerns. |
Will Terra Classic Reach $1, Top Crypto Analysts Say Avorak AI and Dogecoin Are More Likely
Many investors have questioned whether Terra Classic can reach the $1 mark. However, top crypto analysts suggest that other cryptocurrencies, such as Avorak AI and Dogecoin, are more likely to see these significant gains.
Will Terra Classic recover?
Terra Classic’s price fell significantly below $1 when the Terra ecosystem collapsed in May last year. The ecosystem was also greatly affected by the FTX collapse, leading to further strains in its price. While its community and some analysts are positive that Terra Classic will recover, its supply became hyperinflated with its collapse, and reaching $1 is a significant challenge.
How to mine Dogecoin
Dogecoin (DOGE) is the most famous meme coin and ranks among the top cryptocurrencies by market capitalization. With personal endorsements from powerful figures like Elon Musk, and a dedicated community behind it, top crypto analysts suggest that DOGE might continue to lead the meme coin niche and witness more significant surges than Terra Classic.
On that note, to mine Dogecoin, you will need to set up a Dogecoin wallet, download mining software, and join a mining pool. A mining pool is a group of miners who combine their computing power to increase their chances of solving a block and earning rewards. Once you have joined a mining pool, you can start mining by running the mining software on your computer.
The software will use your computer’s processing power to solve equations and earn Dogecoin rewards which will be paid out to you by the mining pool. However, it’s important to note that mining Dogecoin requires a significant amount of computing power and energy, and it may not be profitable for everyone.
Why Avorak AI might reach $1 First
The Avorak AI project has been capturing the attention of investors and crypto watchers since its initial coin offering (ICO) started. AI crypto offers a wide range of AI products and services that can be used to streamline many business and individual operations. The Avorak Trade bot, for example, can provide traders with price predictions, large sets of indicators, and notification systems that alert them in case of any changes. The AI trading bot can be easily programmed to perform automated trades on different assets and exchanges.
Avorak AI also offers an AI text generator that includes several unique features. Avorak Write combines internet scraping with a prewritten language bank to avoid the common repetition associated with most text-generating AI. Additionally, Avorak Write is integrated with plagiarism-detecting APIs to ensure a plagiarism-free experience from Avorak AI. The AI text generator also auto-corrects and edits texts to fit the querying users’ specifications.
The AVRK token drives this AI ecosystem, serving as payment for its AI services. AVRK can also be staked in Avorak’s staking pool to increase the total hold of the project’s market cap. In addition to opportunities for incentivized liquidity provision through exchanges, AVRK holders also get a share of the profits made from Avorak’s AI services. Avorak is still in its initial development phases, and its full potential and practical use cases are yet to be discovered.
AVRK is up 200% from its initial price, with investors expecting a 350% increase when Avorak’s ICO ends. AVRK is currently selling at $0.180 in phase 4, with investors in this level getting a 7% on-top bonus. The AVRK token is deflationary, with a max supply of 40 million. With the expected increase in demand for AI solutions around the globe, AVRK is expected to experience a continued price increase from its launch day.
The bottom line
Avorak AI (AVRK) is already higher than Dogecoin (DOGE) and Terra Classic (LUNC) in terms of price. With its competitive advantages, AVRK might reach $1 before DOGE and LUNC.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their research before taking any actions related to the company.
The image used in the article is been obtained from a third party and is used for informational purposes only. Coinpedia should not be held responsible for image copyright issues. Please contact us immediately if you have any issues or concerns. |