LUNC/USDT 24-hour News Highlights: The Community Revival Behind the Surge On the ever-changing day of December 6 in the cryptocurrency market, Terra Luna Classic (LUNC/USDT) has undoubtedly become the focal point. In the past 24 hours, the price of LUNC soared over 70%, skyrocketing from a low of $0.000043 to a high of $0.000073, with trading volume surging by 746% to as high as $822 million. This "Phoenix Rebirth" rebound has brought the market capitalization back to $397 million, placing it among the top mainstream cryptocurrencies, significantly outperforming the overall global market decline of 1.3%. The core driving force behind this frenzy is the community's upgraded "burning action." In the past week, over 849 million LUNC tokens have been burned, with a total burn amount reaching 42.679 billion tokens, accounting for 8% of the total supply. Giants like Binance have made significant contributions, burning 172 million tokens in a single day yesterday, further compressing the circulating supply and spurring a surge in demand. Meanwhile, staking activities have surged, with holders locking in more LUNC to support network stability, and the RSI indicator rising to 59, indicating strong upward momentum. External catalysts cannot be ignored: founder Do Kwon will face sentencing hearings on December 11, having previously admitted to multiple fraud charges, which the market views as a signal of "dust settling," releasing potential positive news. Binance has confirmed it will support the network upgrade on December 8, enhancing security and compatibility, with trading temporarily unaffected. From a technical perspective, LUNC has broken out of a descending wedge, with support holding steady at $0.000033 and the next resistance at $0.000048. If the bull market continues, the psychological barrier of $0.000125 is within reach. However, caution is warranted regarding the risk of "pump and dump"; traders should pay attention to signs of declining trading volume. LUNC's comeback not only reignites the vitality of the Terra Classic ecosystem but also reflects the resilience of retail investors in a bear market. In the future, continuous burning and development iterations may help it return to its peak. Do you believe in this wave of "Classic Revival"? $1000LUNC {future}(1000LUNCUSDT) $LUNC {spot}(LUNCUSDT) #lunc
🐊 Little Crocodile China × BUYCOIN AMA Live Appointment
This time I directly brought in the @BUYCOIN Global team, at Binance Square to hold a serious AMA —— not talking nonsense, just focusing on one thing: 👉 Can this structure of the 'Era of National Shareholding' really run for a long cycle?
If you have questions, ask them, and we will answer what we can on-site.
AMA Information: 📅 Time: December 7th 20:00 (UTC+8) 🎙 Format: BUYCOIN Project AMA 🎤 Host: @Hollow Y 👤 Guest: @拥抱web3的格格巫 (BUYCOIN Business School Mentor) 📍 Platform: Binance Square · Little Crocodile Chain Live Room
Now click to make an appointment👇 🎙 BUYCOIN 首次 Binance Square AMA|全民持股时代首秀 Come to the AMA on December 7th, you ask, we answer.
In the summer of 2021, 24-year-old programmer Xiao Li, who moved to Beijing, exchanged the 500,000 yuan down payment his parents gave him for a house into a meme coin called 'SAFEOCTOPUS'. The project team claimed on X: Just holding it allows you to share all the copyright fees from Paul the Octopus's World Cup predictions, and they aim to create a decentralized prediction empire. The white paper was only 8 pages long, all filled with memes. Xiao Li bought in at $0.0008, and within 3 days it rose to $0.28, with a floating profit of 35 million. He quit his job, booked a first-class ticket to Dubai, and began posting in his social circle, 'Thanks to my parents for giving me a second chance at life.' On the 12th day, the team withdrew 99% of the liquidity using a multi-signature wallet, and the coin price plummeted to zero. At that moment, Xiao Li realized that the contract stated, 'This project is purely for entertainment; any resemblance to reality is purely coincidental.' The initial capital of 500,000 yuan, plus an additional 200,000 yuan that he chased up, evaporated overnight. Xiao Li quickly refunded his ticket and returned to his hometown. His parents still believe he earns 50,000 yuan a month in Beijing. There are no new stories in the crypto world, only new victims. No matter how good the narrative is, it cannot compete with the saying, 'Whoever holds the private key owns the money.' Before investing, ask yourself three times: Who is the exit path? Who provides the liquidity? Can I accept the worst-case scenario of going to zero? If you can answer honestly, then proceed. If not, stay away. Life is more important than money. $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
What breakthroughs does bitroot have over existing public chains?
1. Performance dimension: Breaking through the efficiency ceiling of public chains
1. Throughput and confirmation speed crush: Adopting a main chain + execution chain separation architecture, paired with dynamic sharding and Pipeline BFT consensus mechanism, it has been tested to stably reach over 50000+ TPS, with a peak pressure test exceeding 100000 TPS, and a transaction confirmation time of only 0.3-0.4 seconds, far surpassing Ethereum (about 12 seconds) and Solana (theoretical 65000 TPS), completely solving the congestion problem of traditional public chains. 2. Gas cost extreme optimization: Through innovative models of state rent and storage deposit, the gas fee for a single transaction is only 1/3-1/5 of Solana, far lower than Ethereum, suitable for high-frequency DeFi, GameFi, and other commercial scenarios.
Regardless of whether you earn or lose, or whether U is more or less, little by little adds up. Don't miss out on what you can save or spend. As long as it's within the platform's regulations, Dayu can offer the absolute top rebate benefits to those who fill in the invitation code. Settlement is once a month, or if you need it urgently, you can contact privately 🙏$BTC