🎁 Claim Your Crypto Box My "𝗙𝗢𝗟𝗟𝗢𝗪𝗘𝗥𝗦" 💬 𝙏𝙝𝙖�

Explore More From Creator

⭕️ Terra Luna Classic Community Rejects Burn Tax Increase Proposal The Terra Luna Classic community made a significant decision. This decision involved increasing the burn tax to 1.5% and was rejected. Community members expressed disapproval of repetitive proposals to change the burn tax, especially increasing it. 🔸 Terra Luna Classic Burn Proposal Rejected According to the information, proposal number 12105 to increase the burn tax was rejected by the Terra Luna Classic community. The proposal was criticized by most voters for lacking logic and being a “lazy effort.” It was noted that this was a text proposal and not a parameter change. Therefore, even if accepted, it would not have changed the tax. The proposal received only 21.35% “yes” votes. The Terra Luna Classic community cast 32% “no” votes and 38% “no with veto” votes, rejecting the vote to revise the burn tax. Validators also voted against the proposal due to the lack of data, complementary strategies, and volume projections to support the tax increase. Recently, the community decided to change the distribution of the LUNC burn tax to the oracle pool instead of rewards. This proposal reached 70% “yes” votes with the support of 37 validators. Following this, the Terra Classic burn tax was set at 0.5%. It was stated that 80% of this would be used for burning, while the remaining 20% would be split into 10% for the Community Pool and 10% for the Oracle Pool. 🔸 LUNC Price Movement The LUNC price continues to trade at $0.0001150 at the time of writing, following a 2% drop in the last 24 hours. The lowest and highest price values in the last 24 hours were $0.0001143 and $0.0001207, respectively. Additionally, there was a 31% increase in trading volume in the last 24 hours, indicating increased interest among traders. Meanwhile, the price of one of the former stablecoins, USTC, continues to move horizontally at $0.02269 following a 1% drop. The lowest and highest price levels for USTC in the last 24 hours were $0.02246 and $0.02377, respectively. $LUNC #LUNC

🤔 XRP Price Steadies Above Support: Gearing Up for a Breakout? ● XRP is struggling to start a fresh increase above the $0.5350 resistance zone. ● The price is now trading below $0.5320 and the 100-hourly Simple Moving Average. ● There is a key bearish trend line forming with resistance near $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). ● The pair could start a fresh increase unless the bears push the price below $0.5220. 🔸 XRP Price Holds Support XRP price again saw a bearish move and retested the $0.5220 support zone like Bitcoin and Ethereum. There was also a spike below the $0.5220 support zone, but the bulls were active. A low was formed at $0.5192 and the price is back above $0.5220. The price is now trading near the 23.6% Fib retracement level of the downward wave from the $0.5405 swing high to the $0.5192 low. It is now trading below $0.5320 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $0.5280 level. There is also a key bearish trend line forming with resistance near $0.5280 on the hourly chart of the XRP/USD pair. The first key resistance is near $0.5300 or the 61.8% Fib retracement level of the downward wave from the $0.5405 swing high to the $0.5192 low. A close above the $0.5300 resistance zone could send the price higher. The next key resistance is near $0.540.If there is a close above the $0.540 resistance level, there could be a steady increase toward the $0.5450 resistance. Any more gains might send the price toward the $0.5650 resistance. 🔸 More Downsides? If XRP fails to clear the $0.5280 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5220 level. The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.50 support in the near term. $XRP #XRP

⚡️ Altcoin Season Looms: Ethereum’s Development Paves The Way, Here’s How With the cryptocurrency market continuing to captivate investors around the globe, it is becoming important to comprehend the dynamics of the Altcoin season. Our Crypto Talk, a cryptocurrency channel, has offered in-depth insights on the subject based on the latest developments and price actions surrounding Ethereum, the second-largest digital asset. 🔸 Is The Altcoin Season In Or Very Close? Ethereum’s has displayed a strong momentum on the upside, attracting about 25% gains over the past 3 weeks, prior to the announcement of the ETH Spot Exchange-Traded Funds (ETFs). Historically, as the crypto asset’s price shows promising movements, it is regarded as a precursor for larger trends in the altcoin market.Following the recent price movements and development around ETH, Our Crypto Talk believes that the market could be on the brink of an altcoin season. According to the channel, should Ethereum maintain its current trend and remain stable above the $3,800 level, the season may begin earlier than expected. Also, anticipation is high for a possible season following the approval of the Ethereum spot ETFs. Last week, the United States Securities and Exchange Commission (SEC) approved all 8 ETH spot ETF applications submitted by the world’s largest digital asset managers. Considering the impact of the products on Bitcoin after approval, the channel might be anticipating a similar scenario for ETH, which could attract investors’ attention to altcoins, thereby triggering the alt season. However, due to the complexities of the listing process, it can take months for the entire effect to develop. So far, Our Crypto Talk noted that the market appears to be more optimistic than ever about ETF adoption, which suggests a bright future for the crypto market. In addition, following ETH spot ETF acceptance, many other alts, like Solana (SOL), are set to join the train. #altsesaon #Altcoin

⭐️cEthereum ETF Approval Could Surprise Us All, Says Cathie Wood ● Cathie Wood discussed unexpected Ethereum ETF approvals and FIT21’s impact. ● Trump’s acceptance of cryptocurrency donations has made headlines. ● Wood predicts Bitcoin could reach $1.5 million by 2030. ARK Invest CEO Cathie Wood has shed light on the unexpected approval of key documents regarding the proposed Ethereum exchange-traded funds (ETF). Speaking at Consensus 2024, Wood revealed that cryptocurrency has become a hot topic in U.S. politics. 🔸 Cathie Wood Discusses Unexpected Approval of Ethereum ETF Documents Initially, the Ethereum ETF seemed unlikely to gain approval. However, the sudden shift in sentiment around the Financial Innovation and Technology for the 21st Century Act (FIT21) hinted at potential changes. FIT21, which recently gained bipartisan support in the House, has made cryptocurrency a possible election issue. Furthermore, former President Trump’s newfound comfort with Bitcoin and other cryptocurrencies also played a role. In fact, Trump recently announced the acceptance of campaign donations in cryptocurrency, a move that received significant attention. 🔸 ARK Invest’s Predictions for Bitcoin and Potential Solana ETF Aside from speaking about the Ethereum ETF, Wood also said that the possible approval of a Solana ETF would be a big surprise to people. However, she did not comment on the likelihood of meme coin-focused funds getting approved, only stating that large brokerage firms and investment advisory companies always stick with the major cryptocurrencies. Wood reiterated ARK’s belief that Bitcoin is a public good and said that ARK would donate a portion of its private fund revenues to support Bitcoin developers. While Ethereum has gained popularity in recent months, Wood stays strong in her prediction for Bitcoin, believing the latter could reach $1.5 million by 2030. $ETH #ETH #Ethereum

📈 TrueFi Demonstrates Solid Surge; TRU Up By 76% In A Week ● TrueFi (TRU) is demonstrating bullishness on the daily technical chart. ● Indicators are positive, supporting the TRU crypto price. ● Analysts are also bullish on the TRU cryptocurrency. TrueFi crypto price is trading in the bullish zone above the Key moving averages with an intraday surge of 23.17% at the time of writing. TRU has given a strong breakout covering the last two months candle TrueFi is one of the hottest narratives this year on RWA looking strong on technical charts. TrueFi operates as a protocol that creates interest-bearing pools offering high APRs for liquidity providers. By utilizing TrustTokens (TRU), TrueFi combines utility and reward mechanisms to incentivize participants to maintain consistently high APRs. The TrueFi (TRU) token is expected to emerge as one of the leading RWA tokens in May, experiencing a significant surge in price. Over the past month, the price of TRU has skyrocketed by an impressive 104.76%, reaching a current trading price of $0.2176. The market capitalization of TrueFi now exceeds $245,417,260, with a daily trading volume of $133,514,265. 🔸 TrueFi (TRU) Breaks Out on Weekly Chart On the weekly timeframe, TRU crypto broke out of $0.14402 level after consolidating for 100 days. The scenario showcases the bull is returning in the crypto. The breakout was strong and indicators were also supporting the price. The TRU price recently broke above the 50-day and 100-day EMA levels and showcased bullishness on the weekly chart. 🔸 TrueFi (TRU) on Daily Technical Chart On the Daily chart, the TRU is trading in the upward direction by making a higher high structure. At press time, the price was in the bullish zone above 50-day and 100-day EMA levels. Indicators like super trends and awesome oscillators suggest a positive outlook on the daily time frame chart. The supertrend turns green and the awesome oscillator also shows green bars showcasing bullishness. $TRU #TRU #TrueFi

Latest News

Bitcoin Ecosystem Project ALEX Resumes Operations After Enhancing Security Measures

Goldman Sachs Hails Bitcoin ETF Approval as a Remarkable Success

Sui Announces Collaboration With Atoma Network To Launch Verifiable Inference Network

African Pop Star Davido Faces Criticism Over New Meme Token Management

US Unemployment Claims and GDP Growth Rate for Q1 Revealed

Explore More From Creator

Latest News

Trending Articles