Luna Classic witnessed a massive burn of 51.7 million LUNC tokens by the Cremation Coin project. 

LUNC is currently trading sideways in a downtrend that started in February 2023. 

LUNC could find support at the 78.6% Fibonacci Retracement at $0.000143, before the token begins its recovery. 

Terra Luna Classic (LUNC) witnessed a massive spike in its token burn with the contribution of the Cremation Coin project. The project burned a total of 51.7 million LUNC tokens, one of the largest burn initiatives till date. The token is currently in a downtrend since February. 

Terra Luna Classic token witnesses massive burn initiative

Cremation Coin, a community-led Binance Smart Chain token aimed at reducing the supply of popular cryptocurrencies with excessively high total supplies, burned 51.7 million LUNC tokens. The project’s focus is to reduce LUNC’s circulating supply, paving the way for the asset’s price to climb higher. 

ypically, with a reduction in circulating supply, if demand increases or remains unchanged, there is an increase in the asset’s price. 

LUNC could find support at $0.00014 before recovery

LUNC started 2023 with an uptrend as seen in the LUNC/USDT four-hour price chart below. The trend reversed and Terra Luna Classic made lower highs and lower lows, in its downtrend starting February 2023. 

LUNC is currently trading sideways in its short-term downtrend. LUNC price is in a descending channel and below the three Exponential Moving Averages (EMAs) at 50, 100 and 200-days. 

Terra Luna Classic token is close to its 78.6% Fibonacci Retracement at $0.000143. The next key support level for LUNC is $0.000133 and $0.000126 where the token spent considerable time in early 2023 and the end of 2022. 

As seen in the chart above, LUNC faces two key resistances in its recovery, one at $0.000147 and the other at $0.000158. These levels have acted as support during LUNC’s uptrend, therefore, flipping these resistance levels to support could fuel a bullish thesis for Luna Classic.

The Relative Strength Index (RSI) is currently 33.44, close to the oversold level. LUNC has the potential to recover, it remains to be seen whether the token will make a comeback above resistance at $0.000147

#lunc #luna #Binance #binancepaymarketplace #buildtogether

AVAX price is currently trading at $15.60 after registering a 6.6% decline on Wednesday.

The altcoin is looking at a bounce back from the critical support at $14.91 to chart a 27% rally potentially.

The bullish thesis would be invalidated if the critical support level is lost and Avalanche slips below $13.78.

AVAX price slid back to mid-January levels after a disappointing end to February. This continued into March as well, and the altcoin is now nearing the critical support level, which will require the bulls to support the cryptocurrency. Avalanche will, at the least, need to rally up to this price point in order to secure a sustained recovery.

AVAX price bounces back

AVAX price could be seen trading at $15.60 after marking a red candle on Wednesday. The 6.6% decline pushed the cryptocurrency closer to testing critical support at $14.91. Bouncing off it, Avalanche today registered a 3.42% rise, signaling a potential recovery rally, provided it finds some support from the buyers.

The uptick noted on the Relative Strength Index (RSI) hints at a similar outcome. If the indicator bounces off the 30.0 mark without slipping into the oversold zone, it would be able to prevent declining below the critical support and continue rising towards its immediate resistance at $17.20.

Traders must watch this level as flipping it into a support level would allow AVAX price to rally by 27% and breach the critical resistance at $19.81. Those looking to long the altcoin can consider placing their bets once this barrier is crossed, as it would also flip the 50,100 and 200-day Exponential Moving Averages (EMAs) into support.

But investors and traders must refrain from making a move immediately, as the altcoin is still observing a downtrend. Parabolic Stop and Reverse (SAR) indicator’s blue dots’ presence above the candlestick is evidence of the same. 

Thus if AVAX price falls through the critical support level and loses the support of $14.00, it could be looking at falling to test the support at $13.78. This would invalidate the bullish thesis and also mark a 12% crash for the altcoin, leaving it vulnerable to further decline.

#avax #bitcoin #koinmilyoner #binancepaymarketplace #buildtogether

Dex market is full of memecoins, animecoins and similar and usually they are just a "degen" play as insiders are used to call this kind of tokens. Said that, some of them, decided to move forward and build something more than a nonsense coin with no utility. This is the case of Shepherd Inu, SINU. So, today I want to ding into its ecosystem and rattle off through an analysis what they are building.

Shepherd Inu is a decentralized ecosystem that provides various crypto services and products to its users. The ecosystem comprises multiple projects, including Shepherd Beverages, NFTs and Powerstation, Su DApps Platforms, Sinu Wallet, Shepstake, and Shepherd Chain. In this article, we will discuss each project's benefits and how it contributes to the overall growth of the Shepherd Inu ecosystem.

Shepherd Beverages

Shepherd Beverages is a registered company in Germany that has integrated a well-known industry to produce their drinks, including Shepherd cofffee, energy drinks, juices, and more in the upcoming phaeses.

BENEFITS

for users: the opportunity to connect with a crypto project in real life.

for the project: 50% of revenue goes to the project.

for holders: the 50% revenue goes back to the project, contributing to its growth and consequently incrasing the value of the users holdings. Additionally, 2% of revenue is allocated to the community wallet.

Shepherd Inu Beverage

Shepherd Inu NFTs and PowerStation

The ecosystem includes two unique NFT collections where you can mint exclusive/common NFTs. These NFTs have utilities: staking in our Powerstation to earn Sinu and a share of revenue from Shepherd Beverages.

BENEFITS

For users: the ability to stake special NFTs in their power station and earn Sinu tokens.

for the project: 25% of revenue from the minting price.

for holders: 75% of revenue generated from minting price is used to buyback the chart and fill the power station while the remaining 25% goes towards project growth which increases the value of the holders investments.

SINU NFTs

Su Dapps

Su Dapps Platform is a platform where developers can purchase services at a fair price. Services include staking Dapps, wallets, platforms, Dapps, blockchain and more.

BENEFITS

for users: a cheap and fast service to buold their DApps, services or platforms.

for the projects: a profit maergin of 5-20% charged as revenue which contributes to growth.

for holders: the 5-20% reevnue is used to support the project's growth resulting in increased value for the holders.

Sinu Wallet

Sinu Wallet is a 100% non-custodial and multi-chain wallet with a user-friendly interface and high security. It also features a multi-chain bridge.

BENEFITS

for users: a fully decentralized, multi-chain wallet with a bridge to easily swap across all chains at low fees.

for the project: an in-house wallet for the project with plans for special features in the futures.

for holders: a safe and secure place to store their coins/tokens.

Shepherd Inu Wallet

ShepStake

A platform for holders to lock their tokens.

BENEFITS

for users: the ability to stake SINU for varying time frames (like 3 months, 6 months and 1 year) and earning SINU rewards.

for the project and holders: Shepherd provides increased stability for the project's floor, contributing to the overall growth and stability of the ecosystem.

Shepherd Chain

Sinu Chain is a blockchain that uses a Proof of Authority (PoA) algorithm. This algorithm delivers fast transactions through a consensus mechanism based on identity as stake.

BENEFITS

for users: developers can launch their tokens in their chain and investors can invest in these tokens

for the project: developers buy Sinu tokens to add LP to their projects and investors buy SINU tokens to invest in projects on their chain.

for holders: as developers and investors purchase SINU tokens the value of the holders investments increases.

Shepherd Resources

More Info soonTheir ecosystem includes real life resources such as officies, cafeterias, pubs, restaurants, and more in the long run.

The Shepherd Inu ecosystem offers a wide range of services and products to its users, contributing to the growth and stability of the ecosystem. Each project provides unique benefits to its users, projects and holders.

ROADMAP

SINU Roadmap

We have come to the end of this piece and I would love to hear what do you think about SINU and its utilities! Don't forget to follow, like, share and comment! And if you want me to write an article about your favourite project let me know! Until the next!

#buildtogether #Binance #keepbuilding #nftcommunity #binancepaymarketplace

Binance.US emerged as Voyager’s savior after FTX, its initial bidder, filed for bankruptcy last year.

Voyager’s lawyers stated that the bankrupt platform’s creditors could recover 73% of their losses.

The Department of Justice attorney, Peter Aronoff, is also looking to appeal Judge Wiles’ decision.

Binance.US, the American arm of the world’s biggest cryptocurrency exchange, marked a win on Tuesday after overcoming a major hurdle. The company has been the frontrunner in acquiring Voyager Digital’s assets and is now closer to making that happen.

Binance.US gains Voyager assets

Binance.US emerged victorious in New York on Tuesday after bankruptcy judge Michale Wiles overruled all objections against the proposed acquisition of Voyager Digital. Binance’s US arm recently initiated the $1 billion deal after FTX had to back out due to the exchange filing for bankruptcy. 

However, this did not sit well with some, such as the Securities and Exchange Commission (SEC), which raised objections to the deal. Judge Wiles concluded that the cavils by the regulators and other entities did not supersede the need for restructuring Voyager Digital. As a result, the $1 billion acquisition of the bankrupt lender’s assets was approved.

The ruling came with additional good news for Voyager Digital’s creditors, with the lender’s lawyers suggesting that affected creditors could recover 73% of what was owed. This is a significant rise from the previous estimates of 51%, which was accepted by creditors at the time when FTX was in talks of taking over.

Regulators have not given up

While the bankruptcy judge’s ruling is in favor of the exchange, it is still first in the line of many steps for Binance.US to complete the $1 billion acquisition. The cryptocurrency exchange would still need to gain the regulators’ approval, which might prove to be difficult given the regulatory bodies were the ones objecting to the deal.

One such attorney, Peter M. Aronoff, with the Department of Justice, stated that he is looking into potentially appealing the bankruptcy judge’s decision. Commenting on Judge Wiles’ decision Binance.US, he stated that it would focus on ensuring Voyager creditors regain control of their assets, adding,

“Our goal has always been to return customers their cryptocurrency on the fastest timeline possible and empower users to make their own decisions about their own assets.”

#binancepaymarketplace #buildtogether #crypto2023 #Binance #voyager

Criteria of SAFU Project #keepbuilding #binancepaymarketplace

Projects must do KYC with PinkSale

Owner Privileges

SAFU developer must hold the contract ownership for 7 days minimum

SAFU developer must pause trading until listing time

SAFU developer must own the staking ownership. Staking dapp must be audited.

Owner can not be able to mint new tokens

Owner can not be able to pause trading

Owner can not be able to set max transaction limit lower than 0.1% of circulating supply

Only SAFU dev may blacklist snipers during the 7 days of holding ownership. After 7 days or when ownership is transferred, the blacklist must be non-functioning.

Owner can not be able to claim the contract’s balance of its own token

Owner can not be able to set max wallet limit lower than 1% of circulating supply

Owner can not increase taxes in the first 7 days from listing

Anything that can be changed by the owner can not limit or stop trading for the investors. (Anti-bot without time limit, Transaction time lock without limit, sell limit based on holder balance, etc.)