Everyone was bullish about Luna Classic (LUNC) back in September.
News that Binance would implement a 1.2% burn tax on LUNC trading pairs – Binance accounts for more than half of total LUNC trading – sent prices soaring over 500% within a fortnight. The LUNC market grew from $500 million up to $3 billion as LUNC regained its spot in the crypto top 50.
But in November, LUNC is threatening to drop below $1 billion in market cap. The LUNC price has fallen -71% from the September high.
So will LUNC burning help create a price pump again? Not likely.
Here’s why you should check out EverGrow instead.
Read more about EverGrow here: https://evergrowegc.com/
Luna Classic burn rate falls -82%
The first weekly burn from Binance destroyed 5.6 billion LUNC tokens. It was the biggest daily burn since the UST de-peg crash, and it got people incredibly bullish about LUNC.
If LUNC continued to burn 5.6 billion tokens each week it would hit a $1 price within 20 years.
But that’s no longer the case. In October, the LUNC community voted to reduce the burn tax from 1.2% to 0.2% and with 10% of all burn funds set aside for ecosystem development. As a result the burn rate has slumped to 1 billion tokens burned in the last week – according to terrarity.io.
At this low burn rate it would take an estimated 127 years until LUNC could conceivably hit a $1 price.
EverGrow burn rate jumps 300%
Read more about EverGrow here: https://evergrowegc.com/
While the Luna Classic burn rate falls, EverGrow has just increased its own burn rate 300%.
EverGrow has rapidly positioned itself as the leading hyper-deflationary token. If it keeps up at the current rate EverGrow would be in range of a $1 price in just eight years – and it’s worth $0.00000009 today.
How does EverGrow do it?
The core utility of EverGrow is a 14% transaction tax. It’s a high amount on buys and sells, but it finances BUSD stablecoin rewards ($38 million paid to date) and automated token burns (53.3% of total supply burned to date).
A portion also goes towards ecosystem development. In September, the first EverGrow application dropped – LunaSky NFT marketplace – and announced that 100% of revenue would be used to buyback and burn EverGrow.
On November 10th, the revenue collected from the marketplace was finally deployed for burning EverGrow.
EverGrow burned 169 billion EGC tokens in a day. That’s 300% above EverGrow’s average daily burns since launch, and if it keeps up could reduce the EGC supply from a current 466 trillion to the mere billions.
Read more about EverGrow here: https://evergrowegc.com/
The post Bullish about Luna Classic burns? Try EverGrow appeared first on Analytics Insight.
LUNA Classic And Terra (LUNA) Investors Opt For These Coins To Recoup Losses
Terra (LUNA) and LUNA Classic (LUNC) have started the weekend on a downtrend, with the charts showing a +3% decline for these coins. In fact, the last 7 days’ performance also shows that these coins have been declining, the same as the past 30 days’ performance.
This plummeting is the reason most Terra (LUNA) and LUNA Classic (LUNC) investors have been adding other coins to their portfolios. These investors have been adding most of the mooning coins to try to recoup their losses on LUNA and LUNC.
Bitgert (BRISE) and Centcex (CENX) are among the fastest mooning coins that have attracted a lot of investors, including the Terra (LUNA) and LUNA Classic (LUNC) investors. In fact, the last few days have seen the number of LUNA and LUNC investors buying Bitgert and Centcex increase tremendously.
This is because Bitgert and Centcex have, for the last few months, posted one of the best price growths in the market. At the time of this writing, Centcex and Bitgert were ranked among the coins that will post the biggest price growth before the end of the year.
Bitgert and Centcex Shall Be The Most Explosive Coins
The biggest reason why Terra (LUNA) and LUNA Classic (LUNC) investors are increasingly buying Bitgert (BRISE) and Centcex (CENX) is to recoup the money they have lost in their coins. LUNA and LUNC have been plummeting throughout, and this means most of the holders right now are in deep losses.
Bitgert (BRISE) and Centcex (CENX) have the potential to explode in the next few days and make their investors super-rich. The developments that these projects have dropped so far and what their teams are working on have the potential to explode their adoption and grow their investments.
The expected price explosion is what attracts Terra (LUNA) and LUNA Classic (LUNC) investors into buying more Bitgert (BRISE) and Centcex (CENX). These are coins that have the potential to explode in the next few weeks and reward their investors in a big way.
This means crypto investors buying these coins have the potential to grow their investments. That’s how Terra (LUNA) and LUNA Classic (LUNC) holders buying Bitgert today will recoup most of the losses in the next few weeks.
In conclusion, Bitgert and Centcex have so many developments coming up that will explode their adoption. This is what makes them super attractive as crypto investments today than even the big players in the market.
The post LUNA Classic And Terra (LUNA) Investors Opt For These Coins To Recoup Losses appeared first on Analytics Insight.
Terra 2.0 And LUNA Classic Investors’ Appetite For These Coins Grows Rapidly This Month
The collapse of Terra LUNA in early May led to a series of events that introduced two tokens, the Terra 2.0, after the hard fork, and the LUNA Classic (LUNC), which is a shell that remained after the collapse. Unfortunately, none of the two tokens have been able to offer their investors good returns as they have been plummeting.
The last few weeks have seen Terra (LUNA) and LUNA Classic (LUNC) hit lower lows, and the recent bear runs pushed these coins even deeper. The massive downtrend is the reason these investors are buying mooning coins to recoup the losses. Bitgert (BRISE) and Centcex (CENX) are among the top crypto assets that Terra (LUNA) and LUNA Classic (LUNC) investors are accumulating.
In fact, the number of new Terra 2.0 and LUNA Classic investors buying Bitgert and Centcex and those accumulating these coins has grown tremendously over the last few days. This is mainly because of the stability that these coins have shown this year.
But there is more that the Brise and Cenx cryptocurrencies are offering that attracted many investors, not just the Terra holders.
Why More Terra and LUNA Classic Investors Are Buying $BRISE and $CENX
The growing appetite for Bitgert and Centcex coins by even the big players is because of the massive potential these coins have to make investors rich. These projects are working on major developments that have already skyrocketed their prices. That’s what attracts investors to these coins.
Bitgert is projected to increase 300% this month, while Centcex might do 200%. These price predictions are based on the mass adoption of these projects’ products and the huge hype they have built in the industry. The fact that both Bitgert (BRISE) and Centcex (CENX) are still green in 2022 is catching the attention of investors.
But the products that these coins have released and their disruptiveness have made BRISE and CENX the most promising coins going forward. These products, including Bitgert gasless chain, BRC20 chain, and Bitgert exchange, are expected to be the most adopted in the industry. The Brise also boasts of many projects and partnerships, which are also growing $BRISE price.
These are reasons why Terra (LUNA) and LUNA Classic (LUNC) investors’ appetite for Bitgert and Centcex has grown fast. This is expected to remain for the next few weeks, especially with BRISE and CENX growing bullish.
The post Terra 2.0 and LUNA Classic Investors’ Appetite For These Coins Grows Rapidly This Month appeared first on Analytics Insight.
Unlike These Coins, LUNA Classic And Terra 2.0 Risks Dumping Further This Week
Unlike Bitgert (BRISE) and Centcex (CENX), Terra LUNA and LUNA Classic (LUNC) have performed poorly in the market over the last few months. Since the crash of the Terra token in May and the subsequent hard fork, these Terra community has been counting losses. The recent bull run did not pump LUNC and LUNA as it did to its rivals, Bitgert and Centcex. This week has also seen these coins perform poorly in a bearish market.
The price prediction for the coins has also been bearish for this weekend, and the weeks also don’t look promising for the Terra 2.0 and LUNA Classic (LUNC) coins. The price prediction shows that these coins might plummet even more this week.
The reason why crypto experts believed that these coins might dump more this week is looking at the prediction. The FED is meeting this week, and the minutes already show that there might be a 75% increase in the rates.
This is one of the factors likely to affect the market performance this week, and LUNA and LUNC will be some of the affected coins. The FTX fever is also expected to affect these coins s performance again this week. The news about the continued crash of $FFT is expected to have an impact on investors’ confidence in these coins.
There is also a range of other factors that will be affecting the price performance for these coins in the next few days, with the news about the Do Kwon being one of the factors that might trigger more dumping this week. Crypto analysts also say that Terra 2.0 and LUNA Classic (LUNC) have nothing to stop them from crashing this week.
The competition from the likes of Bitgert (BRISE), Centcex (CENX), and other mooning coins is another reason why Terra 2.0 and LUNA Classic (LUNC) have been plummeting. There is a fast-growing number of LUNA and LUNC investors selling to buy Bitgert, and Centcex shows that their popularity is declining fast.
Bitgert and Centcex (CENX) are the biggest rivals in the market for these coins. Their massive price performance has made them very attractive than these coins. With such tough competition in the market, it will be very difficult for LUNA and LUNC to thrive in the market.
So, these are factors that will make these coins perform poorly again this week, according to crypto analysts. For LUNA and LUNC to rise again, they must beat Centcex and Bitgert.
The post Unlike These Coins, LUNA Classic and Terra 2.0 Risks Dumping Further This week appeared first on Analytics Insight.
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