LUNC community burns over a billion tokens- Will this push price to $0.01?

After Crypto.com announced that the platform would be delisting Terra Luna Classic (LUNC), the once-leading altcoin saw a huge downtick of over 40%.

But now, we’re seeing the token put in motion a revival plan, and the first step is rapid coin burning.

Many investors wonder whether this could bring the Terra Luna Classic to the $0.01 point and potentially restore some of their lost investments.

Analysts suggest a different profit route – investing in Bitcoin Minetrix ($BTCMTX).

With just a few thousand short of the $10M presale milestone, Bitcoin Minetrix has been the talk of the industry ever since it shared its mission with the community. 

Let’s check out the details.

>>>Buy Bitcoin Minetrix Now<<<

Terra Luna Classic (LUNC) Starts Burning Tokens in Hope of Reaching $0.01 – But This New Presale Token Has Bigger Profit Potential for 2024

In a span of just one week, from January 17 to 24, an impressive total of 1,117,048,514 LUNC tokens were permanently retired from the market through a series of burn events.

After a series of bear drops, this finally slowed down the losing streak for Terra Luna Classic, as in the last 7 days, there were no recorded value drops.

Terra Luna Classic price chart

The community’s efforts were further validated by a notable increase in the staking of LUNC tokens, which brought optimism into the broader Terra Classic ecosystem. To be precise, there was a 14.95% increase in the staking of LUNC tokens during this period, pushing the total to over 7.197 billion.

The activity around token burning hit a high point at the start of 2024, with a huge number of 5.66 billion tokens burned on New Year’s Day. This momentum doesn’t seem to be slowing down.

According to Crypto News Portal (@TerraNewsEN), a LUNC supporter and crypto YouTuber, the total number of burned tokens might soon pass 100 billion, especially with an expected token burn by Binance coming up. Reaching this 100 billion token mark is seen as a significant milestone for LUNC.

All of this could potentially bring LUNC closer to the $0.01 target. However, there are new presale tokens that are much safer investments if you’re looking for bigger gains.

One of them is Bitcoin Minetrix ($BTCMTX).

This new coin has been stealing the spotlight ever since it started its presale, so let’s check out what the hype is about.

>>>Buy Bitcoin Minetrix Now<<<

Bitcoin Minetrix’s Stake-to-Mine Approach Attracts New Investors Due to Its Potential to Revolutionize Cloud Mining

Bitcoin Minetrix introduces an innovative way of mining Bitcoin, stripping away the usual complexities and hefty initial investments. It’s a game-changer, especially for those who find the traditional mining process daunting.

The platform’s token-based economy not only simplifies the mining process but also adds layers of decentralization and security, setting it apart from other cloud mining services.

The process is straightforward – users purchase Bitcoin Minetrix tokens ($BTCMTX) and stake them in the platform’s designated contract. This staking earns them mining credits. When they choose to, they can use these credits to obtain Bitcoin.

mining Bitcoin

This setup offers a transparent, secure, and user-friendly approach to Bitcoin mining. Moreover, the $BTCMTX token is an ERC-20 token, meaning it’s compatible with MetaMask and other Ethereum-based wallets, making it an accessible option even for those new to the world of cryptocurrency mining.

Bitcoin Minetrix isn’t just about simplifying mining; it’s about expanding the community. By welcoming more participants, contributes to Bitcoin’s hashing power, enhancing the network’s overall security.

Another notable aspect of Bitcoin Minetrix is its environmentally conscious approach to mining.

As concerns about Bitcoin’s environmental impact grow, having a mining solution that doesn’t require physical space, eliminates noise, and leverages cloud computing is a significant step towards greener practices in the cryptocurrency sphere.

>>>Buy Bitcoin Minetrix Now<<<

$BTCMTX Presale Nears $10M – Short Window Left for Early Investors to Join Before Listing Day Profits Come

The $BTCMTX presale’s success really shows how much the crypto community believes in making Bitcoin mining more accessible to everyone. Investors from all over have taken notice, and it’s impressive how quickly the project raised $9.8M.

The way Bitcoin Minetrix is handling its BTCMTX token distribution is pretty clear-cut:

  • They’re putting 42.5% of the tokens into powering their Bitcoin mining efforts.
  • 35% is being used for marketing to make sure more people know about BTCMTX.
  • Until their cloud mining platform is fully up and running, 12.5% is going towards giving staking rewards to early supporters.
  • The last 10% is for community rewards to encourage everyone to get involved and stay active in the project.

BTCMTX token

The presale offers a great deal right now. The tokens are being sold for $0.013 each, which is less than what they’re expected to be worth when they hit the exchange market later on.

It’s a good chance for investors to get in early and capitalize on the ongoing hype!

>>>Buy Bitcoin Minetrix Now<<<

Conclusion 

Terra Luna Classic (LUNC) aims for $0.01 with its revival plan to regain a fraction of its old glory.

However, with the delisting of Crypto.com, the future of LUNC is still under question, and analysts suggest that there are many easier routes for investors looking for short-term profits now.

One of those routes is investing in the new presale token Bitcoin Minetrix ($BTCMTX).

Bitcoin Minetrix has gathered the entire industry’s attention with its innovative stake-to-mine approach and incredible presale success.

There’s only a small time frame left for you to join and capitalize on the opportunity!


Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.

Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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