Will the price of these.currencies double after the
#Binance burn?
_Terra ecosystem
#cryptocurrencies.LUNC and
#USTC. are gaining significant gains amid several positive announcements from projects and cryptocurrency trading platforms. The continued price rise over the past few days has received a lot of attention within the broader cryptocurrency market. The recent surge in tokens backed by Terra Classic appears to be a result of Binance's USTC-related announcements. Moreover, traders and investors in the cryptocurrency market are widely eyeing the token as the Binance burn date approaches. More about the
#Terra.Classic ecosystem Interestingly, Binance recently carried out the 15th LUNC token burn for Terra Luna Classic (LUNC), burning approximately 760 million tokens. This action contributes to a cumulative burn of over 40 billion LUNC by the trading platform and over 76 billion by the community. These periodic token burns are intended to regulate the token supply.
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