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Why Experts Say Bitgert (BRISE) Might Do 10X, While Terra And LUNC Remain Unstable

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Why Experts Say Bitgert (BRISE) Might Do 10X, While Terra And LUNC Remain Unstable

Though Terra and LUNC posted one of the biggest price growth a few days ago, they are currently on a downward trend. As of writing, Terra LUNA had declined 22% in the past 24 hours, while Terra Classic LUNC has plummeted 16%. This is way down the global marketcap, which had increased $1.2% during the same period.

While Terra LUNA and Terra Classic LUNC have been plummeting, Bitgert (BRISE) has been posting impressive growth. Bitgert had increased 8.6% in the past 24 hours at this writing, which is way above the average global market performance.

Crypt experts have been commenting and reviewing Bitgert in 2022, and the recent reviews have been very positive. Crypto analysts believe that Bitgert has the potential to do 10X in the next few months. This is at a time when Terra Classic LUNC and Terra LUNA coins still don’t have a clear direction.

The reason crypto experts believe that Bitgert will outperform Terra and LUNC by even bigger margins is the developments. Unlike Terra and LUNC, Bitgert is building a real utility project. This is one of the biggest reasons why Bitgert has been outperforming Terra and LUNC and why it will outperform these two coins in the next few months.

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The Bitgert BRC20 blockchain will remain one of the biggest drivers of Bitgert coin mass adoption. With its zero gas fee and the 100k TPS that the Bitgert chain offers, it will remain one of the most adopted chains. This will grow the Bitgert coin bigger than Terra and LUNC even in the coming days.

However, it is the massive adoption of the game-changing products that Bitgert roadmap V2 is adding to the ecosystem. The coming of tens of Bitgert-backed projects is going to make Bitgert stand out. These Bitgert developments will skyrocket BRISE price 10X in the next few days.

 

Centcex (CENX)

Over the last few weeks, Centcex has become one of the most talked about coins. The explosive price performance is one of the reasons why Centcex has excited the crypto community. But the last month’s 225% growth has made Centcex the most talked about crypto coin today.

Centcex is one of the coins that crypto investors need to consider adding to their portfolios today. Centcex might post almost the same growth as Bitgert this year, hence an ideal crypto investment to check out today.

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The post Why Experts Say Bitgert (BRISE) Might Do 10X, While Terra and LUNC Remain Unstable appeared first on Analytics Insight.

do kwon

LUNC Price Gains 50% Despite Kwon’s Troubles, What’s Driving It?

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LUNC Price Gains 50% Despite Kwon’s Troubles, What’s Driving It?

Over the last week, the crypto space has been saturated with news of the hunt for Terra (LUNC) founder Do Kwon. The South Korean founder is now being hunted by both South Korean authorities, as well as Interpol, which means Kwon is now wanted in 190 countries. However, Kwon’s troubles seem not to have affected the price of LUNA Classic (LUNC), as it continues to see green even when the broader market suffers losses.

LUNA Classic Grows 50%

Speculations around the performance of LUNA Classic (LUNC) had risen drastically once Kwon was officially declared wanted by the authorities. It was mostly expected that the digital asset would take a beating from the resulting decline in positive sentiment among its investors, but this has not been the case. LUNC has instead shaken off these incredibly bearish developments and has been one of the market leaders in terms of gains.

Over the last 7 days, the price of LUNC is up more than 58%, whereas its larger counterparts, such as Bitcoin and Ethereum, have been seeing single-digit and negative gains. The daily trading volume of the cryptocurrency remains high, with almost a billion dollars in volume reported by Coinmarketcap. LUNC had also successfully knocked off another zero over the past month to bring its trading price to the $0.0003 level.

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LUNA Classic trending at $0.00032 | Source: LUNCBUSD on TradingView.com

Even coming out of the weekend of low performance in the crypto space, LUNC has begun to turn towards green, already up 1.80% in the last hour as of the time of this writing. It also shows no sign of decline at this time as it continues to receive massive support from crypto traders.

Why Is LUNC Price Up?

Since the collapse of the Terra network, there have been some strides made in an effort to restore it by those who refuse to give up on it. It was a long time in the making, but the community had eventually agreed on a 1.2% transaction fee on all transactions, which are then sent to a burn wallet to reduce the available supply of the token.

Binance, the largest crypto exchange in the world, had also joined in this effort to support LUNC’s price by announcing that it would be burning all fees realized from LUNC trading on its platform. LUNC’s price had surged more than 60% off the back of the announcement alone as the crypto exchange announced that it would be carrying out a scheduled weekly burn every Monday.

Another factor that has been propping up the price of LUNA over these past couple of weeks has been rumors that have been circulating that LUNC was going to get listed on some important platforms. These trading platforms include Robinhood and Coinbase, a move that would instantly drive up the value of any cryptocurrency. However, these are just rumors for the time being.

Nevertheless, LUNC remains a fan favorite over this time due to its high volatility. Its already established community is also a draw for investors who believe that the digital asset could return to its past glory. But with its founder currently rumored to be on the run from authorities, it is unlikely these large trading platforms will pick it up.

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Featured image from Finbold, chart from TradingView.com

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Terra Reacts To Case Against Do Kwon, Claims Matter Is Highly Politicized

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Terra Reacts To Case Against Do Kwon, Claims Matter Is Highly Politicized

The collapse of the algorithmic stablecoin Terra and its native token LUNA remained a shocking event in the crypto space. The outcome was the loss of billions of dollars for many individual and institutional investors. It also threw the entire crypto industry into a historic crisis. Lots of changes have taken place following the fall of the stablecoin.

Subsequently, some investigations and legal cases have been against the founder of Terraform Labs, Do Kwon. Firstly, the South Korean Prosecutors leveled some allegations against the Terra Chief.

Also, the International Criminal Police Organization (Interpol) issued a Red Notice against him. The Interpol request is for law enforcement’s immediate arrest of Do Kwon globally.

There was a massive loss of over $60 billion of investors’ funds through the fall of Terra and its ecosystem in the first half of the year. The South Korean Prosecutors requested the assistance of Interpol for the arrest of Kwon.

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The prosecutors accused the Terra chief of hiding to avoid their investigations. According to a source, Kwon was seen in Singapore, though the city police noted that he later left.

Terra Says Case Against Kwon Is Highly Hyped Up

Following the alert from Interpol, there was a slight fall in the prices of Terra Classic (LUNC) and the newly launched Terra LUNA. Some rumors have been that Kwon went into hiding since the collapse of Terra and its ecosystem.

LUNA Price grows l LUNAUSDT on Tradingview.com

Terraform Labs has finally reacted to the case against Do Kwon. The firm stated that the case is highly politicized while speaking to Bloomberg. The spokesperson mentioned that the South Korean Prosecutors’ steps depicted unfairness in all aspects.

According to the spokesperson, the prosecutors failed to adhere to the basic rights available under Korean Law. Also, he noted that the prosecutors’ allegations against Kwon of breach of capital market laws indicated reasonable bias.

Featured Image Pixabay, Charts From Tradingview.com
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Do Kwon Statement: A Possible Trigger For Terra Tokens Price Surge

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Do Kwon Statement: A Possible Trigger For Terra Tokens Price Surge

The collapse of the algorithmic stablecoin Terra and its ecosystem in May 2022 created a massive crisis in the crypto space. Coupled with the extreme crypto winter, the industry witnessed massive losses. As a result, billions of dollars were lost, and many investors lost faith in crypto.

Gradually, the space is experiencing a revival as several crypto assets and firms are picking up their shackles. The rebuilding and consolidation of value are slowly creating hope for some participants. In addition, the emergence of some events and activities in the industry could bring cryptocurrency a more robust atmosphere.

Terra had staged its comeback with the launch of Terra Classic (LUNC) and the recent rollout of Terra (LUNA). However, the LUNA ecosystem is still swinging under the balance as more allegations are piled on Do Kwon, the co-founder of Terraform Labs. Kwon was accused of being on the run since the fall of the LUNA ecosystem.

Kwon Reacts To The Allegations Of Hiding

However, the Terra chief took to Twitter recently to clarify the allegation of his hiding from the authorities. He said he had not made any effort to hide anywhere, explaining that he had been in public places like malls and on walks in the past weeks but didn’t run into anyone.

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Recall that the International Criminal Police Organization (Interpol) issued a Red Notice officially against Do Kwon. This report caused the previous collapsed prices of Terra Classic (LUNC) and the recently released Terra (LUNA).

Also, there has been a previous report that Do Kwon may return to South Korea. This is because its Foreign Ministry passed the request to scrap his international passport.

According to the report, Kwon will have to be in his country within two weeks once the action is successful. Also, the South Korean Prosecutors disclosed the Interpol request worldwide for law enforcement to arrest Do Kwon on sight.

Reacting to Kwon’s Twitter post, a user asked the Terra Chief his opinion regarding the Interpol Red Notice. Kwon responded that he had searched for it on their website but had not seen such.

Possible Reasons For Terra Token Price Surge

Following Kwon’s statement, the Terra tokens’ performance has been impressive. But that’s the entire reason for the surge. In addition, the global leading crypto exchange, Binance, indicated its support for the Terra burning mechanism.

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The exchange will burn a percentage of all trading fees on the spot and margin trading pairs of Terra Classic. LUNC burn address will receive the burnt rates.

In a 24-hour space, Terra Classic (LUNC) made a 61% reclaim of its value. Also, its trading volume spiked by 250% to hit $2.29 billion over the past 24 hours.

LUNA price surges on the chart l LUNAUSDT on Tradingview.com

Similarly, the recently launched Terra (LUNA) recorded a positive trend within 24 hours. The price climbed by 30% as its average trading surged to $2.68. Also, the trading volume is at $730 million, showing a rise of about 204%.

Featured image from Pixabay, Chart: TradingView.com

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