Good news for LUNC holders! The community just approved a key proposal to reconnect LUNC with Kujira. This means more liquidity, potentially unfrozen funds on Kujira, and a boost for LUNC's revival efforts
• Community Power
The proposal passed almost unanimously, showing strong support for LUNC.
• Price Update
LUNC price is up slightly and some dream of it reaching $1 someday (DYOR - crypto is wild!).
• USTC Update
TerraClassic's stablecoin USTC is also showing positive movement.
• Overall
Things are looking up for LUNC! But the community is still working on solutions for future issues.
Changpeng ‘CZ’ Zhao Sentenced To 4 Months In Prison ‼️‼️‼️
The sentencing hearing of Binance co-founder and former CEO Changpeng ‘CZ’ Zhao has just wrapped up with with Judge Richard Jones sentencing him to 4 months in prison
A token launch platform that offers you the opportunity to participate in the launch of new tokens through thrilling airdrops and Web3 quests.
By subscribing BNB to Locked Products or completing tasks in your Web3 Wallet, you can gain early access to exciting rewards from a selection of Web3 projects before they're even listed on the Binance Exchange.
THE FIRST PROJECT ON BINANCE MEGADROP - BounceBit
BounceBit
BounceBit is a platform that offers BTC restaking services along with an innovative CeDefi framework. By combining the benefits of Centralised Finance and decentralized finance, BounceBit provides a unique opportunity for BTC holders to earn yield from multiple sources.
With BounceBit, you can maximize your returns while keeping your funds safe and secure.
THE USES OF BB TOKEN:
• BB serves multiple purposes on the platform. Firstly, it can be staked to actively participate in the Proof of Stake (PoS) dual-token staking mechanism. As validators secure the network, the token is paid out as a staking reward.
• Secondly, $BB is the only denomination of gas fees that can be used to conduct transactions and execute smart contracts.
• Thirdly, $BB can be used for on-chain governance, such as participating in voting on protocol upgrades.
• Additionally, $BB can be used as currency on the BounceBit platform, serving as a medium of exchange or store of value in various applications and infrastructure.
With a total maximum supply of 2,100,000,000 BB, 8% of the supply is reserved for Megadrop token rewards, which equals 168,000,000 BB.
GET READY FOR A MIND-BLOWING JOURNEY WITH BINANCE MEGADROP
BounceBit Megadrop Period:
26 April 00:00 UTC to 12th May 2024 at 23:59 UTC
Rewards Distribution: 13th May 2024
Trading: Trading will open on 13th May 2024 at 10:00 UTC
HOW TO GET ACCESS TO BINANCE MEGADROP?
1- Login to your Binance Account and head towards More > Megadrop
2- You’ll see the first Megadrop project BounceBit with all the details
3- Complete various quests under the Quest tab to earn points and rewards.
• To complete Web3 Quests, make sure you have an active Binance Web3 Wallet. Create one now if you haven't.
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• Transfer some BNB and 0.0001 BTC as fees and click on Earn Points
• You have to deposit a stake minimum of 0.000111 BTCB - Tap on Start Now to get started
• Complete the quest and tap Verify on the Quest Details page for verification.
CONGRATULATIONS ON COMPLETING YOUR QUEST!
WASN’T THAT EASY? 😉
4- Subscribe to BNB-locked products via Megadrop on Binance for 15, 30, 60, 90, or 120 days duration - It is better to opt for a 120-day duration as the longer the duration, the higher your Locked BNB Score.
This helps you participate in every Megadrop while avoiding risks when trading with BNB.
The Standard APR for each locked duration is as follows:
The 120-day duration is advised for higher scores and greater rewards
You’ll see Locked after subscribing BNB to locked products.
To calculate total points, multiply locked BNB points by the Web3 task multiplier and add the Web3 task bonus points. The mission coefficient is fixed at 1.5 and the mission bonus is 1000 points. HASSLE FREE CALCULATIONS ⚡️
YOU CAN SEE YOUR MEGADROP REWARDS IN THE BINANCE SPOT WALLET
AS SIMPLE AS FLIPPING THE SWITCH!! Go Subscribe to BNB-locked products and/or complete WEB3 quests!
SOME GOOD NEWS! 🔥
When both Launchpool and Megadrop are active, you guys are eligible to receive rewards from both programs. You can receive Launchpool rewards directly without having to redeem BNB Locked Products and staking BNB into Launchpool.
In the event of two simultaneous Launchpools, your BNB asset rewards will be halved between the two. However, your entire BNB Locked Earn deposits will still be eligible for full Megadrop rewards. Isn't that GREAT?
$BONK $POPCAT and $SOL memecoins stay green even as Bitcoin price drops
Memecoins in Solana Ecosystem
- Total market capitalization of Solana memecoins rose 4.2% to $8.261 billion in the last 24 hours - Notable Performers: Bonk (BONK) up 15.2%, Popcat (POPCAT) up 10.7% in 24 hours and 214% in 7 days - Leading Token: Dogwifhat (WIF) saw a 1.4% price increase, accounting for nearly half of Solana's memecoin market share
Significance of Memecoins
- Memecoins play a crucial role in expanding crypto adoption and stress testing networks, according to Mert Mumtaz, CEO of Helius Labs
- CoinGecko report highlights memecoin sector as most profitable narrative year-to-date.
Solana Network Activity
- Increased relevance of Solana evidenced by memecoin rally amidst broader market pullback
- Genuine user engagement and high development activity reinforce Solana's potential as a layer 1 ecosystem
- Transaction volumes on Solana spiked to $1.5 billion on April 25, up from $840 million on April 7
Solana Price and Trading Volume
- SOL price experienced a slight retracement after rally starting April 17, down 1.15% to $147 in the past 24 hours
- Trading volume across major exchanges dropped by 56% from six-week high on April 13 to $3.9 billion
Implications
- Solana memecoins thriving amidst market correction showcases increased investor confidence and interest in the Solana ecosystem
- High network activity and development indicate a strong foundation for Solana's growth potential despite short-term price retracement
Conclusion
The bullish performance of Solana memecoins amid market turbulence underscores the growing relevance of the Solana ecosystem
Despite price retracement Solana's network activity and development activity continue to highlight its potential for sustained growth in the crypto landscape
- Price: $64,177, down 0.9% in the last day - Market Cap: $1.2 trillion - Growth: 133% in the last 12 months - Key Events: Bitcoin ETF, halving event network enhancements - Potential: Widening mainstream acceptance, future growth prospects
Solana $SOL
- Price: $147, down 3% in the last 24 hours - Unique Features: PoH + PoS mechanism, scalability - Growth: 611% in the last year - Recent Uptick: 7% increase in the past week, surpassing $145 level - Strengths: Increasing Total Value Locked (TVL), active DApp engagement, rise in Solana-based memes
Dogwifhat $WIF
- Price: $3.16, down 0.98% in the last day - Growth: 1,783% since launch in Nov 2023 - Market Cap: $3.16 billion - Recent Milestones: Listed on Coinbase, 13% increase in the past month - Promising Investment: Gaining attention as a new cryptocurrency on the Solana network
Investment Potential
- Bitcoin, Solana, and Dogwifhat offer unique opportunities for growth in 2024
- Investors seeking substantial returns should consider these top contenders in the cryptocurrency market
Conclusion
With promising growth trajectories, Bitcoin, Solana, and Dogwifhat are leading the charge in the cryptocurrency market for 2024, offering potential investment opportunities for savvy investors
Despite an 8% dip, Shiba Inu's burn rate has surged over 2000%, igniting hope for recovery. In the last hour, SHIB price also rebounded.
Burn Rate Impact
Shibburn reports over 40.06 million SHIB burned in 24 hours, totaling 410.72 trillion SHIB destroyed. Despite substantial circulating supply, the burn mechanism aims to create scarcity and potentially increase long-term value.
Market Outlook
- Shiba Inu's listing on Robinhood for New York users boosts visibility and accessibility, instilling confidence for potential recovery. - Recent fundraising of $12 million signals commitment to expanding utility and enhancing the ecosystem
Price Trends
- Despite a 37.31% decrease in weekly burn rate, recent surge in burn rate coupled with developments suggests a promising future for SHIB. - Current SHIB price: $0.0000251, down 7.87% with trading volume up 11.02%.
Conclusion
While experiencing short-term fluctuations, Shiba Inu's burn rate surge and recent developments indicate a positive trajectory ahead. Investors should monitor market dynamics closely for potential opportunities
$XRP dipped to $0.6113, down 3% in 24 hours, erasing earlier gains. Market sentiment cautious after Ripple's legal filings with the SEC.
Trading Volume Surge
Despite the dip, XRP saw an 11% surge in trading volume, hitting $1.5 billion, indicating investor interest.
Market Analysis
- If support holds at $0.52, XRP could rise to $0.7 within the week, with potential to reach $1. - Conversely, intensified selling pressure could drive XRP down to $0.50 or even $0.45, signaling a significant market shift.
Whale Movements
Ripple moved 100 million XRP to a private wallet, part of larger transactions totaling 150 million coins. Other wallets transferring XRP to exchanges may signal increased selling pressure, possibly pushing XRP to $0.3 before a recovery
Technical Indicators
- Relative Strength Index (RSI) suggests lack of momentum, nearing oversold territory. - Moving Average Convergence Divergence (MACD) shows a bullish signal, but weak momentum indicates a cautious market sentiment
Conclusion
While recent trends and whale movements indicate uncertainty, technical indicators suggest potential for a rebound. Investors should monitor key support levels and market dynamics closely to anticipate XRP's future trajectory
Bitcoin's price fell over 4% today, part of a broader crypto market selloff. Analysts debate where it's headed.
Analyst Insights 🙏🏻
- Ali Martinez warns of potential dip to $59K if Bitcoin falls below $63,300. - Kaiko blames recent 6% drop on geopolitical turmoil. - Long-term forecasts suggest potential for growth, with some predicting $100K+ in 2025.
Investor Perspective 👊🏻
- Despite short-term volatility, experts see potential in buying during dips. - Seasoned Bitcoin holders selling off holdings, but historical patterns indicate room for growth.
What's Next ‼️
- CryptoQuant data indicates significant selling pressure from US investors. - However, this dip could be a buying opportunity considering optimistic long-term outlook. - Current Bitcoin price: $63,486.12, trading volume up 35.40%
Takeaway
While short-term trends may be uncertain, long-term prospects suggest potential growth for Bitcoin, making it an interesting opportunity for investors