Altcoin
Terra Luna Classic Community Votes On Game Changing Proposal
LUNC News: Terra Luna Classic proposal to implement Tax2Gas and remove the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers, as per a proposal by StrathCole and Genuine Labs.
Terra Luna Classic Starts Voting on Tax2Gas Proposal
Proposal 12115 “Genuine Labs Tax2Gas Implementation” is currently under governance voting on Station wallet. The proposal by Genuine Labs aims to proceed with incorporating tax into the gas and help prevent as much attack vectors as possible using e2e-test.
At press time, the proposal has received 99.98% “Yes” votes and indicates the community’s acceptance to the Tax2Gas implementation. All validator who participated have voted in favor of the proposal. It received quick support from validators such as JESUSisLORD, StakeBin, Ninja Node, and others.
As reported earlier, Tax2Gas proposal looks to resolve issues including contract developers’ need to calculate the tax manually. Moreover, clients or dApps have to calculate the tax themselves as the simulation endpoint only provides gas estimates. Migrating audited dApps becomes cumbersome due to these Classic-specific adjustments, leading to potential re-audits.
Developers require 5 weeks for research, development, and basic testing and deployment. The estimated total budget is $25,000 in LUNC.
Also Read: Terra Luna Classic Votes On Implementing New LUNC Burn Tax
LUNC and USTC Prices Climbed
LUNC price jumped 4% in the last 24 hours amid positive sentiment due to cooling CPI, with the price currently trading at $0.0001049. The 24-hour low and high are $0.00009855 and $0.0001057, respectively. Moreover, trading volume increased by 20% in the last 24 hours, indicating interest among traders.
However, the price is still below the key level of $0.00012 and needs to soar above the level for a massive rally in Terra Classic ecosystem tokens.
Meanwhile, USTC price also climbed more than 3%, with the price now trading at $0.02378. The 24-hour trading volume saw a mere 5% rise in the last 24 hours as traders await the Fed interest rate decision post-FOMC today.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto analyst Xia has claimed that Pi Network’s momentum is building rapidly, having recently surged past the $0.60 mark. Analysts have also predicted that the Pi Coin price could soon reclaim the $1 level, providing a bullish outlook for the coin, which has underperformed thus far.
Why Pi Network’s Momentum Is Building Fast
In an X post, Xia asserted that Pi Network’s momentum is building fast. The analyst noted that the Pi Coin price has surged past $0.63 with strong volume, reaching a high of $0.6441 before settling into a consolidation phase.
She added that the Relative Strength Index (RSI) is climbing while the Moving Average Convergence Divergence (MACD) is also turning bullish. Xia also alluded to Pi Network’s fundamentals, which are bullish for the Pi Coin price, stating that there were over 58,000 sellers and 1.8 million users on the Map of Pi during the Pi Fest adoption.
She remarked that these bullish fundamentals are undeniable and questioned why market participants were still fading Pi coin. While the analyst is bullish on the altcoin, experts like Dr Altcoin have discussed how to prevent a Pi Coin crash.
Dr. Altcoin recently called on the PiCoreTeam (PCT) to lay a proper foundation to prevent steep price drops for the token. The expert made this call in the wake of the OM price crash, with the altcoin dropping as much as 90%.
Three Factors That Could Stop Pi Coin From Falling
In another post, he outlined three factors that could stop Pi Network’s price from falling. First, he stated that there is a need to increase the number of KYB-approved exchanges for Pi Coin and expand the reach of already approved ones, such as OKX, into restricted markets, as this could grow the Pi user base and boost demand.
Secondly, he stated that Pi Coin needs more institutional buyers, with companies like BANXA purchasing up to 100 million Pi directly from Centralized Exchanges (CEXs) to help absorb the coin’s supply. A CoinGape market analysis recently revealed that Pi Coin could rally to as high as $30 if major US Banks start using Pi Network.
Lastly, Dr. Altcoin stated that there should be major updates from the Pi Core Team. These updates could include impactful announcements and product launches that significantly increase the demand for Pi and help stabilize Pi Network’s price.
A Rally To $1 Could Be On The Cards
Crypto analyst Moon Jeff recently predicted that the Pi Network price could soon reclaim $1. He remarked that Pi Coin is holding the support at $0.61 nicely. As such, he expects a pump towards the $1 resistance.
Crypto analyst PiNewsZone also asserted that the Pi Coin price will be unstoppable once it pumps above $1. The analyst urged market participants to be patient and continue accumulating as many coins as possible.
However, it is worth noting that CoinGape’s Pi Coin prediction page indicates that the altcoin may not reach $1 anytime soon and is likely to continue consolidating within this range.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
XRP has been outperforming Ethereum for five straight months in terms of price performance. This is a record run in the battle between these two top cryptocurrencies. Market statistics presented in the shape of a heat map of monthly returns show that this is the first time in history that XRP has outranked ETH for so long a duration.
XRP dethrones ETH for 5 months straight
The monthly performance comparison shows XRP gaining against ETH consistently since the beginning of 2025. Major outperformance could be seen in January (47.3%), March (39.6%), and April (14.3%).
Crypto analyst Dom pointed out the historical significance of the current performance streak. He also questioned how much longer the coin’s price can maintain its advantage over Ethereum. The monthly returns chart shows this is an anomaly in the historical relationship between the two assets. Recent analyses also speculate that the Ripple price can hit $45 if the coin follows the pattern from 2017.
This is the first time in history $XRP has outperformed $ETH for more than 5 months in a row
How much longer will this last? pic.twitter.com/Vxk2Qq3v7t
— Dom (@traderview2) April 17, 2025
The anticipated approval and launch of XRP exchange-traded funds appear to be a primary driver behind the asset’s sustained outperformance against Ethereum. Industry experts are suggesting that the prospect of several XRP ETFs is creating a lot of demand for purchasing ahead of regulatory announcements.
Cryptocurrency YouTuber Good Morning Crypto calls these ETF products “big vacuum cleaners” that suck the XRP out of the market. Every time an investor buys a position in an ETF, the XRP is stored by a reliable custodian, which reduces the amount of coins available for trading.
How XRP/ETfs and Market Makers will fight over XRP.
Lock in. https://t.co/Gb3l4GoRNH
— Digital Perspectives (@DigPerspectives) April 16, 2025
There are about 18 products in development, which would drive prices considerably higher. The analyst also referenced rumors that BlackRock, which has assets under management of some $11 trillion, might soon introduce an XRP ETF. Such involvement by large companies might spur this trend further.
ETF momentum fuels the coin’s relative strength
The improving regulatory environment for XRP is creating a scenario where both investors and commercial users are competing for the same limited supply. Good Morning Crypto explained that regulatory progress in areas such as market infrastructure, taxation, and stablecoins could be completed as soon as August 2025.
Once this regulatory clarity is established, businesses will begin integrating XRP into their operational models. Market makers and payment providers who need to use XRP daily will recognize that increasing demand from ETF investors is continuously driving up prices.
This creates a compelling economic incentive for commercial users to secure their XRP supply now rather than later. As the YouTuber described, businesses realize that “today it costs less than it will tomorrow.” This will push them to purchase not just for current needs but for anticipated future requirements as well.
The monthly performance data visible in the heat map shows that this accumulation pattern may already be underway. While XRP price has historically experienced high volatility in its ETH pairing, the current five-month streak shows more consistent positive performance than in previous years.
It is worth mentioning that there has also been speculation on how high the XRP price could rise if the Swift payments integrates the Ripple network this week.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Despite the broader market uncertainty brewing lately, crypto traders have managed to make a whopping $666K out of a mere $4.5K investment in just one trade. The latest hot buzz of the crypto market, “Base is for everyone,” is a token that aided these traders in achieving such a phenomenal feat. Although this new token remains scrutinized due to insider trading allegations, market watchers are extensively eyeing it as the Coinbase L2 builder ‘Jesse’ greenlighted it.
Crypto Traders Turn $4.5K Into $666,000 With This Coin
As per the tracker Lookonchain’s data on X, three wallets stacked colossal amounts of the “Base is for everyone” token before it was even posted about. This chronicle has aided these traders in making a staggering $666K profit out of a very thin investment.
The tracker’s data suggested that the wallet address 0x0992 spent $2,370 ETH to buy 256.39 million of the new token. This crypto trader thereby sold all his holdings, making $168K.
Besides, the address 0x5D9D spent $1,577 ETH to 82.86 million of the same token. Thereafter, this trader also sold everything, making $266.
Lastly, data indicated that the trader 0xBD31 spent $1,577 ETH to buy 131.92 million coins. Even this trader made a remarkable $231.8K with his investment. Altogether, the newly launched token, “Base is for everyone,” is the primary catalyst driving the traders’ profits.
However, it’s noteworthy that the chances of making such huge returns amid a broader sluggish market are low. In an upshot, these crypto traders are facing insider trading allegations, with cryptocurrency community members also warning about the token.
“Base Is For Everyone”: A Token That Stole The Spotlight
Intriguingly, Coinbase’s Layer 2 network Base unknowingly set off one of the most epic buzzes in the Web3 industry with one of its recent X posts. The L2 network posted, “Base is for everyone,” followed by another post saying, “just coin it,” with the latter linked to the Zora portal.
Zora is a platform that allows users to mint content as tokens. This chronicle altogether led to the birth of the new coin mentioned above, which is also an ERC-20 token. Although Zora clarified that this token wasn’t official, it was too late to hit the brakes as the market was already abuzz.
However, the buzz became short-lived as the project soon encountered insider trading and rug pull allegations. Dexscreener’s data shows that the token hit a market cap of $21.5 million, subsequently erasing nearly 45% and reaching $11.7 million. Its price currently rests at $0.01148. Nonetheless, three crypto traders managed to make heavy profits despite this volatility.
As a result, insider trading speculations prevail, while the alarming price volatility raises rug-pull speculations. Nevertheless, Coinbase L2 builder, going by the name Jesse, greenlighted the project, reiterating it on his X post.
On the other hand, CoinGape reported that crypto traders lost $400 million with another token amid the broader market uncertainty. The Mantra (OM) token price crashed nearly 90% early this week, underscoring the dynamic nature of the crypto realm.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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