TLDR
- Terra Luna Classic drops significantly as investors hope for a bullish reversal.
- The burn tax proposal has been rolled out following tremendous support from voters in the LUNC community.
- Stage 2 of the Rebel Satoshi Arcade presale concludes quickly as investors scramble to bug this round.
Terra Luna Classic (LUNC) is facing a bearish outlook in tandem with the broad cryptocurrency market. June, in general, has seen declining prices for many altcoins, as Bitcoin (BTC) and Ethereum (ETH) suffer dips and negative sentiment. As both coins dropped to four-week lows, LUNC suffered a sharp reversal from $0.000125 to a $0.000079 low, witnessing a 36% decline. It climbed above $0.00008668, and its DeFi coin price fluctuated, recording a 0.65% dip in its 24-hour chart.
This token’s sideways trend, recorded over the past two months, is between the horizontal levels of $0.000122 and $0.000086. Amid several plunges, LUNC shows some strength on the decentralized cryptocurrency list, seeking support at the bottom of the range. Its market capitalization is down 0.65% at $494.59 million, and its trading volume continues to decline, falling 33% to $32.93 million. The 24-hour chart for the LUNC token shows a $0.00008855 low and a $0.00009445 high.
While bearish sentiments surround the token, holders are optimistic about an upward trajectory over the coming months. The Terra Luna Classic community has approved proposal 12114, a burn tax change proposal to revise the LUNC burn tax distribution. The proposal received overwhelming support, with 98% of the community voting positively.
This pay-per-job (PPJ) proposal, initiated by famous developer Till Z., will adjust the ecosystem’s 0.5% burn tax allocation. An 80-20 split has been agreed, with the former going to the Community Pool and the latter to the Oracle Pool. Although the new distribution will take effect in mid-July, analysts believe it will steadily affect LUNC’s DeFi coin price. Supply would drop while demand would potentially increase, leading to more gains for holders.
Rebel Satoshi Arcade (RECQ): Stage Three Looms
Since its presale launch, the highly anticipated utility token of the Rebel Satoshi Arcade (RECQ) universe has taken off. This meme coin sold off its first stage at $0.037 apiece. It has speedily run through its second round and is now set to begin the third presale stage. These gaming tokens are still selling at $0.0044 in the current stage, with less than 10% of the 150 million tokens allocated to stage 2 remaining.
RECQ offers unique offerings on the blockchain, merging memetic allure, non-fungible tokens (NFTs), and arcade-style gameplay. Using this trending ICO, the platform’s transactional token, players can purchase merchandise from the Rebel Satoshi Arcade marketplace. These tokens can also be used for free-to-play and play-to-earn (P2E) arcades, whether they prefer modern or classic titles.
The third stage of the presale would launch at a DeFi coin price of $0.0055 per token. Two hundred million RECQ tokens have been allocated to this stage, allowing investors to acquire massively before a 25% increase as the next stage commences. The vesting period for distributing these gaming tokens has been set at four weeks. During this time, holders would be airdropped 25% of their RECQ tokens weekly. With a proposed launch price of $0.0125, investors who purchase RECQ before stage two concludes would enjoy an 184% ROI, which will be reduced to 127% in the next stage.
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Conclusion
Terra Luna Classic faces a fluctuating market, leaving investors skeptical as the bears seemingly hold the token tightly. With the burn tax proposal approved, there is hope that LUNC could pick up and find its footing on the decentralized cryptocurrency list. Rebel Satoshi Arcade is on a roll, as its presale attracts top investors in the crypto scene. With exciting gaming capabilities, NFTs, and memetic allure, this top ICO offers a low entry and a high growth potential.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.
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