TLDR
- Terra Classic community votes to have 100% Tobin tax to stop the ‘minting’ of USTC stablecoin
- Shiba Inu experiences a minor price decrease despite recently ‘burning’ millions of SHIB
- Fast adoption rate for new Rebel Satoshi continues with a 150% growth promise
The ‘burning‘ of tokens is common in the latest Terra Classic (LUNC) and Shiba Inu (SHIB) developments. But does this make either of these the best cryptos to invest in?
Meanwhile, a new meme coin project symbolically inspired by Bonfire Night is making the rounds in crypto circles. Learn more later as we look at the relevant news for Terra Classic and Shiba Inu.
Terra Classic Community Overwhelmingly Votes on Tobin Tax For USTC Minting
LUNC has been on a decent 45% rally since August 16, 2023, from $0.00005234 to $0.00007593. A significant discussion point within the past few months is the USTC stablecoin, which contributed to Terra’s dramatic 2022 fall. There was a recent majority vote to end the ‘minting‘ of USTC. Now, nearly all the users voted for a new proposal to put a 100% Tobin tax to stop ‘minting and reminting.’
Another catalyst to the mild rise in LUNC is ‘burning,’ a popular strategy for top altcoins to curb inflation. Binance, one of the major exchanges that support LUNC trading, has burned millions of LUNC tokens. Ultimately, these efforts are for restoring Terra Classic to its former glory.
With this in mind, forecasts hint that LUNC may shed off one zero in 2024. $0.00010 is a realistic minimum value, with the potential to hit at least $0.000140 by the end.
Millions Of Shiba Inu Tokens ‘Burned’ Despite A Slight Price Drop
Following a 47% rise beginning on October 19, 2023, SHIB is down 10% from $0.00000965 to $0.00000862. This slight drop is surprising as Shiba Inu keeps the ‘burning’ rate at regular highs. In a 24-hour period this week, the Shiba Inu army sent 49,806,773 SHIB to ‘dead’ wallets, according to the Shibburn wallet tracker.
A decrease in the activity of Shiba Inu’s layer-2 blockchain, Shibarium, may explain the current SHIB performance. For context, the transaction count for Shibarium reached 200,000 in September 2023. Now, it hovers around 12,500 based on information from the Shibariumscan explorer.
Fortunately, this has not affected Shiba Inu’s placement in the top altcoins within the meme token industry. Assuming the broader crypto market continues to be buoyant, Shiba Inu may reach at least $0.000010 by 2024, with a minimum yearly high of $0.000015.
Looking at Shiba Inu segways nicely into another meme coin, Rebel Satoshi ($RBLZ), currently undergoing a well-received, fast-selling presale.
https://www.rebelsatoshi.com/?utm_source=MCAP&utm_medium=Banner&utm_id=Bird
Rebel Satoshi Presale Continues To March On
Rebel Satoshi rallies the little guys to rebel for financial freedom in a like-minded community despite oppressive elites. It may seem such a goal doesn’t align with meme culture. But Rebel Satoshi is changing the narrative by being a meme token and movement for decentralization. It focuses on community-building, unity, and enticing financial rewards modeled after the best DeFi projects.
The interactive quests and the sharing of memes in the Rebel Meme Hall of Fame represent the fun side. On the earning side, users should anticipate passive income staking Rebel Satoshi‘s utility token, $RBLZ. The latter is also a necessary medium of exchange in the Rebel Artefacts Vault, an NFT marketplace of 9,999 rebel-themed digital art and collectibles.
Rebel Satoshi‘s presale began on Guy Fawkes/Bonfire Night on November 05, 2023. While $RBLZ boasts a fixed supply of 250 million, Rebel Satoshi will make it more deflationary by ‘burning’ any unsold tokens after the presale. Aside from being a value-appreciating strategy, it’s also a symbolic ode to Fawkes.
Still, most investors will want to grab as many $RBLZ as possible, currently worth $0.010. The reason is the expected 150% value surge once Rebel Satoshi goes live, equaling a new value of $0.025.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
