The markets are very boring. Cryptocurrencies are at rock bottom. But there are no investors. Everyone is waiting for war. A US-Israel-Iran war remains our only agenda. After the war, we will see a sharp rise in cryptocurrencies. Opportunity periods never end...
The Terra Classic community remains strictly committed to its burning strategy. Therefore, they do not accept proposals that could lead to the minting of $LUNC and $USTC tokens. In this context, the proposal regarding USTC staking was rejected. The Terra Classic community is determined to reduce the supply of $LUNC and $USTC ...
Binance exchange consistently shows its support for the Terra Classic community. Binance has updated its $LUNC burn page. You can access this page via the official Binance website. Binance has been burning $LUNC for over 3 years. They used to share these burns on their official page, but this new page is much more noteworthy. We extend our sincere thanks to Binance officials and founder CZ for their support.
The countdown has begun for the SDK 53 upgrade on the Terra Classic chain. This will be the most significant upgrade for $LUNC and $USTC . With the SDK 53 upgrade, the Terra Classic network will be fully compatible with Cosmos. The upgrade is expected to take place sometime next week.
Voting continues on the staking proposal on USTC. A large majority of $LUNC validators are opposing the proposal. DutchLUNC, the largest validator on the Terra Classic chain, voted "YES," but this may not be enough.
We are eagerly awaiting the decision of Terra Classic validators regarding $USTC staking. What are your thoughts?
The USTC staking proposal will be put to a vote by $LUNC validators. Would you like to stake $USTC on the Terra Classic blockchain? The decision of Terra Classic validators regarding the staking proposal, which would help lock millions of $USTC coins, is eagerly awaited.
The start of negotiations to end the war between Iran and the US has had a positive impact on cryptocurrencies. $BTC and altcoins have held strong during this challenging period. We could see a significant surge once the war is definitively over. The war between the US and Iran remains our main focus.
The tough times continue for cryptocurrencies. We're at rock bottom. Many projects have disappeared. Major exchanges like Binance have increased delisting. During this period, weak coins are being eliminated, while major coins continue to survive. We will experience a period where strong altcoins, along with $BTC , will come to the forefront. After these difficult times are over, we will see a sharp rise in these coins.
Our general market commentary: Cryptocurrencies are struggling to recover from their lows. Despite positive developments, particularly concerning major altcoins, the expected surge isn't materializing. Major coins like $XRP and $ADA have gained access to the Nasdaq. Staking has begun in Ethereum ETFs. New projects are being announced, but the surge isn't happening. A major bull run in cryptocurrencies will begin once global uncertainties are resolved.
The Terra Classic community is preparing for significant updates. The countdown to the SDK 53 upgrade continues. Work is underway to reactivate the Market Module. A staking proposal for USTC has been made, and the community is discussing it. All these developments will have a positive impact on $LUNC . We can expect to see the effects of these developments once global pressures ease.