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Why Binance LUNC Burn Fails to Rebound Terra Classic Price This Time?

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Crypto exchange Binance’s LUNC burn in total reached nearly $65 billion as the exchange burned another 1.19 billion Terra Classic tokens. Terra Classic price in spot and derivatives markets has failed to bounce this time amid a broader crypto market selloff and debates on chain rule violations by some validators.

Binance Burns Nearly 1.2 Billion LUNC Tokens

The Terra Luna Classic community saw 1.193 billion Terra Luna Classic (LUNC) tokens burned by crypto exchange Binance, as per the burn transaction on September 1. The burn transaction also recorded 5.96 million LUNC in tax.

In the 25th batch of the LUNC burn mechanism, the crypto exchange burned $97,229.23 in trading fees for the period between July 31 to August 29. The exchange has now burned nearly 65 billion Terra Luna Classic (LUNC) tokens in the last 2 years.

The total burned Terra Classic community has reached almost 132 billion as projects, crypto exchanges, and investors burned LUNC tokens. However, the Binance LUNC burn mechanism amount has dropped significantly with time.

LUNC Price Fall on Several Factors

Tax2Gas implementation has been delayed amid several concerns including security and pull requests issues. Testnet was recently upgraded to the last binary to include Tax2Gas and several fixes by Genuine Labs. This has led traders to move away causing prices to plunge 15% in a week.

LUNC price also falling amid heated debate in the community regarding the violation of chain rules by some validators. A proposal in discussion alleged that JESUSisLORD 2 (JIL2) validator violated DynComm rule by running another validator on the same chain.

In addition, the uncertainty and volatility in the broader crypto market puts selloff pressure on altcoins. The market now awaits US jobs data for further cues on the direction in the coming days.

Terra Luna Classic price also shows weakness as it continues to trade under 50-DMA, within a range for two months now. 1000LUNC futures open interests on Binance and Bybit have dropped 6% in the last 24 hours. Thus, investors are uninterested despite Binance LUNC burn.

Meanwhile, USTC price climbed more than 1%, with the price now trading at $0.0156. Traders are buying the dip as the price dropped today. Moreover, the trading volume saw a 53% rise in the last 24 hours.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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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Artificial Superintelligence Alliance & GoodEgg Market Strategist Foresee These Two AI Cryptocurrencies As Future Market Leaders

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The rise of artificial intelligence in the cryptocurrency space has brought attention to innovative projects like Artificial Superintelligence Alliance (FET) and GoodEgg (GEGG). These two tokens are carving out their positions in the market, with FET focusing on building an ethical AI ecosystem and GoodEgg pioneering the integration of AI into the dating industry. Both projects are gaining momentum, and market strategists believe they could become future leaders in the crypto world. Let’s explore what sets these two AI-driven cryptocurrencies apart and why they could dominate in the coming years.

FET’s Strong Market Position

Artificial Superintelligence Alliance (FET) has made a name for itself as a leader in the AI-driven cryptocurrency space. Over the past three days, FET has surged 30%, breaking key resistance levels and drawing the attention of investors and analysts alike. The token, which focuses on developing a decentralized AI ecosystem, is currently trading at $1.41 and is expected to continue its upward trajectory.

The recent price increase has been supported by strong technical indicators. The Relative Strength Index (RSI) shows that demand for Artificial Superintelligence Alliance (FET) remains high, while the stochastic RSI indicates that a short-term cooldown may be on the horizon. Despite the potential for short-term volatility, the long-term outlook for FET remains bullish, with analysts predicting that the token could reach $3 to $4 in the near term and $10 to $12 in the long term.

The Artificial Superintelligence Alliance’s (FET) strategic collaboration with Cardano has also bolstered the project’s credibility and potential for growth. By leveraging Cardano’s advanced security features, FET is building a robust infrastructure for AI innovation, further solidifying its position as a market leader.

One of the Most Promising AI-Powered Cryptocurrencies: GoodEgg (GEGG)

Despite FET’s long history of dominance in the artificial intelligence market, GoodEgg (GEGG) is swiftly becoming a formidable rival. GoodEgg is an AI-powered cryptocurrency that focuses on revolutionizing the dating industry by rewarding users with GEGG tokens for engaging with its platform. This innovative use of AI and cryptocurrency has attracted significant attention from investors, particularly those who are already bullish on AI-driven projects like Artificial Superintelligence Alliance (FET).

GoodEgg’s presale success is a testament to its potential. The project raised $250,000 within the first 24 hours of its presale, and with the token currently priced at $0.00012, early investors are positioning themselves for massive gains. Analysts predict that GoodEgg (GEGG) could see a 100x return during the next bull run, making it one of the most promising new AI-driven cryptocurrencies on the market.

AI and Crypto: A Powerful Combination

The combination of artificial intelligence and cryptocurrency is proving to be a powerful one, and both Artificial Superintelligence Alliance (FET) and GoodEgg (GEGG) are at the forefront of this trend. FET’s focus on developing a decentralized AI ecosystem aligns with the growing demand for ethical AI solutions, while GoodEgg’s innovative approach to the dating industry offers real-world utility and mass appeal.

Market strategists believe that both tokens have the potential to become leaders in the AI-driven crypto space. FET’s collaboration with Cardano and its strong technical indicators suggest that the token will continue to see significant growth in the coming months. Meanwhile, GoodEgg’s unique value proposition and impressive presale performance make it a strong contender for exponential growth during the next bull run.

A Bright Future for FET and GoodEgg

As AI technology continues to evolve, the demand for AI-driven cryptocurrencies is only going to increase. Both Artificial Superintelligence Alliance (FET) and GoodEgg (GEGG) are well-positioned to capitalize on this trend, with FET focusing on building a decentralized AI ecosystem and GoodEgg revolutionizing the dating industry with its innovative platform.

For investors looking to get in on the ground floor of the next big thing in crypto, both Artificial Superintelligence Alliance (FET) and GoodEgg offer exciting opportunities. Whether you’re interested in AI technology, cryptocurrency, or both, these two projects are poised to become future market leaders in the AI-driven crypto space.

Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community: 

Visit GoodEgg (GEGG)

Telegram: https://t.me/GEGG_OFFICIAL

X/Twitter: https://x.com/goodeggofficial

 



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Crypto Experts Prefer New Gambling Coin Mpeppe Over Shiba Inu and Dogecoin Heres Why

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The cryptocurrency world is buzzing with excitement as a new meme coin, Mpeppe (MPEPE), gains traction and threatens to outshine both Shiba Inu (SHIB) and Dogecoin (DOGE). While Shiba Inu (SHIB) and Dogecoin (DOGE) have established themselves as top-tier meme coins, crypto experts believe Mpeppe (MPEPE) could outperform them in the coming years. In this article, we dive into why Mpeppe (MPEPE) is quickly becoming the preferred meme coin for investors and why it’s poised to deliver massive gains.

Shiba Inu (SHIB) and Dogecoin (DOGE) – Old Favorites Losing Momentum

Shiba Inu (SHIB) and Dogecoin (DOGE) have long dominated the meme coin space, with their loyal communities and viral appeal. Shiba Inu (SHIB) recently surged by 7% as it prepares for significant ecosystem upgrades with Shibarium, while Dogecoin (DOGE) received a fresh boost after Elon Musk’s latest tweet. However, despite these gains, many crypto experts feel that these coins are beginning to lose their momentum.

Both Shiba Inu (SHIB) and Dogecoin (DOGE) have been facing challenges in delivering new innovations that can sustain long-term interest. While these meme coins rely heavily on community support and speculative hype, they have not introduced enough real-world utility to attract institutional investors or maintain their growth trajectory.

Mpeppe (MPEPE) – The New Crypto Powerhouse 

In contrast, Mpeppe (MPEPE) is making waves with its innovative approach, which combines the appeal of a meme coin with the functionality of a DeFi platform and online gambling. Mpeppe (MPEPE) offers users opportunities to engage in yield farming, liquidity mining, and casino gaming, creating multiple streams of revenue for its investors.

Mpeppe’s (MPEPE) success lies in its ability to go beyond mere speculation. With 82% of its tokens sold in Stage 4 of the presale, it’s clear that investors are eagerly awaiting the opportunity to get in early before its price increases from 0.0021 USDT to 0.00235 USDT in the next stage.

Why Experts Prefer Mpeppe (MPEPE) Over Shiba Inu (SHIB) and Dogecoin (DOGE)

One of the primary reasons crypto experts prefer Mpeppe (MPEPE) over Shiba Inu (SHIB) and Dogecoin (DOGE) is its focus on real-world applications. Unlike its competitors, which rely primarily on community hype and social media influence, Mpeppe (MPEPE) has a robust ecosystem that includes decentralized finance and gambling. This added utility gives Mpeppe (MPEPE) a stronger foundation for long-term growth.

Additionally, Mpeppe (MPEPE) unique casino platform offers players the chance to gamble using the token, providing yet another use case for its growing community. This real-world application sets it apart from Shiba Inu (SHIB) and Dogecoin (DOGE), both of which have struggled to introduce meaningful utility beyond speculation.

The Road Ahead: What to Expect from Mpeppe (MPEPE)

As Mpeppe (MPEPE) continues to gain traction, many believe it could deliver Dogecoin-like profits in the coming months. With its price still in presale, investors are eager to get in before it takes off. Experts predict that Mpeppe (MPEPE) could easily surpass the gains of Shiba Inu (SHIB) and Dogecoin (DOGE) thanks to its unique combination of meme appeal and real-world functionality.

Conclusion: The Future Belongs to Mpeppe (MPEPE)

While Shiba Inu (SHIB) and Dogecoin (DOGE) will always have a place in the meme coin space, the future looks bright for Mpeppe (MPEPE). Its blend of decentralized finance and gambling makes it a more versatile and potentially more profitable investment than its competitors. With experts predicting massive gains, Mpeppe (MPEPE) is quickly becoming the meme coin to watch in 2024 and beyond.

For more information on the Mpeppe (MPEPPE) Presale: 

Visit Mpeppe (MPEPPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

 



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ETH & BTC Communities Embrace The New AI Crypto That Has Taken The Market By Storm Positioned To 100x

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The cryptocurrency world is no stranger to groundbreaking innovations and rapid growth, but a new AI-driven token, GoodEgg (GEGG), has captured the attention of Ethereum (ETH) and Bitcoin (BTC) communities alike. As GoodEgg continues to gain momentum in the market, many are predicting that the token could achieve a 100x increase in value. This article will explore the reasons behind the excitement surrounding GoodEgg, and how the communities of ETH and BTC are embracing this new player in the AI crypto space.

Ethereum’s Growing DeFi Ecosystem

Ethereum (ETH) remains one of the most prominent platforms for decentralized finance (DeFi). Recently, Ethereum’s stablecoin trading volume hit a record high of $1.4 trillion, indicating a growing demand for DeFi solutions. According to on-chain analyst Leon Waidmann, this surge in stablecoin activity is tied to increasing DeFi demand. While Ethereum continues to dominate the DeFi space, the ETH price has remained relatively stagnant at $2,360, a 13% decrease over the past 30 days.

Despite this lull, the Ethereum (ETH) community is eyeing new opportunities in the broader cryptocurrency market, and one token that has caught their attention is GoodEgg (GEGG). By leveraging AI technology, GoodEgg is set to revolutionize the dating industry, offering users the ability to earn GEGG tokens by participating in its ecosystem. The unique combination of AI and social engagement has led many Ethereum holders to diversify into GoodEgg, hoping to capitalize on its exponential growth potential.

Bitcoin Whales Look to Diversify

Bitcoin (BTC), the pioneer of cryptocurrencies, has consistently maintained its position as the market leader. BTC whales, who hold large amounts of the cryptocurrency, have been known to diversify their holdings into new and promising projects to maximize returns. One recent example of this trend is MicroStrategy’s purchase of an additional 18,300 BTC, bringing the company’s total Bitcoin holdings to 244,800 BTC, valued at $9.45 billion.

However, even the most loyal Bitcoin (BTC) holders are always on the lookout for new opportunities to grow their portfolios. The AI-powered GoodEgg (GEGG) token has emerged as a highly attractive investment for these whales. With its innovative use of AI and potential for 100x gains, many BTC holders are jumping on board before the token’s price skyrockets.

Why ETH and BTC Holders Are Turning to GoodEgg

There are several reasons why Ethereum (ETH) and Bitcoin (BTC) communities are embracing GoodEgg (GEGG) as their next big investment.

1. AI Integration and Innovation

GoodEgg (GEGG) sets itself apart by combining artificial intelligence with the cryptocurrency space. Its platform is designed to reward users for participating in its AI-powered dating ecosystem, offering real-world utility that many other tokens lack. This innovative approach has piqued the interest of ETH and BTC holders, who see the potential for GoodEgg to disrupt both the dating and cryptocurrency industries.

2. Presale Success and Strong Backing

GoodEgg’s presale has already raised $250,000 in just 24 hours, a clear sign of strong investor interest. As the token’s price inches closer to $0.00021, early investors from the Ethereum (ETH) and Bitcoin (BTC) communities are positioning themselves to take advantage of what could be exponential growth in the coming months.

3. Potential for 100x Growth

Analysts predict that GoodEgg (GEGG) has the potential to increase in value by 100x, making it an incredibly appealing investment for those looking to diversify their portfolios. For Ethereum (ETH) and Bitcoin (BTC) holders, who are accustomed to seeing substantial returns, GoodEgg represents a new opportunity to achieve similar gains in a rapidly growing market.

The Future of GoodEgg and AI Cryptos

The AI sector is booming, and cryptocurrencies like GoodEgg (GEGG) are at the forefront of this new wave of innovation. As the demand for AI-driven solutions continues to grow, GoodEgg is well-positioned to become a leader in the space, with analysts predicting substantial price increases in the near future. Both Ethereum (ETH) and Bitcoin (BTC) communities are recognizing the value of this new token, and many are diversifying their portfolios to include GEGG.

While Ethereum (ETH) continues to dominate the DeFi space and Bitcoin (BTC) remains the gold standard for digital assets, GoodEgg offers something different: a unique combination of AI and real-world utility that could lead to unprecedented growth. As more investors from the ETH and BTC communities embrace this new token, GoodEgg is poised to become a major player in the cryptocurrency market.

A New Opportunity for ETH and BTC Holders

In conclusion, GoodEgg (GEGG) is quickly becoming the AI crypto that both Ethereum (ETH) and Bitcoin (BTC) holders can’t ignore. With its innovative platform, strong presale performance, and potential for 100x growth, GoodEgg offers a unique opportunity for investors to capitalize on the next big thing in cryptocurrency. As the token continues to gain traction, it’s clear that the future looks bright for GoodEgg and its growing community of supporters from the ETH and BTC worlds.

Join GoodEgg (GEGG) For More Information On Presale, Use links below to join our community: 

Visit GoodEgg (GEGG)

Telegram: https://t.me/GEGG_OFFICIAL

X/Twitter: https://x.com/goodeggofficial

 



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