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Terra’s USTC Soars by 300% Amid Bitcoin-Focused Comeback Plan and Binance Perpetuals Listing

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The cryptocurrency market is witnessing a remarkable surge as TerraClassicUSD (USTC), the remaining stablecoin from the failed Terra blockchain, experiences a meteoric rise of 300% in just one week. This astonishing ascent follows the announcement of a bitcoin-backed revamp plan and the listing of USTC perpetual contracts on Binance, fueling a speculative frenzy among investors.

1. The Rise of USTC and LUNC Tokens

In recent days, the sister tokens USTC and Terra luna classic (LUNC) have undergone an unprecedented surge in value. CoinDesk data reveals that LUNC has witnessed a 60% increase in its price over the course of the week, with a nearly 20% rise in the past 24 hours. Meanwhile, USTC has quadrupled in price, although it remains relatively low at $0.05 compared to its original peg of $1.

This surge was triggered by the introduction of perpetual contracts for USTC on Binance, the largest cryptocurrency exchange globally. With up to 50x leverage, these contracts have attracted significant interest from traders, leading to a surge in trading volume. CoinGecko data shows that USTC’s trading volume has exploded in recent days, reaching over $1 billion in 24-hour activity, compared to the average of less than $10 million earlier this month.

2. Bitcoin-Focused Revamp Plan Drives Anticipation

Anticipation surrounding a potential revamp plan for USTC has also contributed to the token’s rally. The plan envisions using bitcoin (BTC) as the foundation for a new iteration of the stablecoin. Mint Cash, a bitcoin-focused payment project, has outlined a vision to collateralize USTC with BTC, allowing users to mint tokens. This innovative approach aims to address the shortcomings of the previous Terra blockchain, which collapsed due to hyperinflation last May.

Recent announcements from the developer team have further fueled excitement among investors. They revealed that they are actively working on an airdrop plan for both USTC and LUNC holders, which is expected to enhance the attractiveness of these tokens. The combination of the revamp plan and the airdrop initiative has generated a sense of optimism and potential profitability for those holding USTC and LUNC tokens.

3. Terra’s Troubled Past and the Birth of USTC and LUNC

To fully understand the significance of USTC’s recent surge, it is essential to delve into the history of the Terra ecosystem and the challenges it has faced. Terra, developed by Terraform Labs and led by co-founder Do Kwon, was once a thriving blockchain ecosystem. However, it experienced a major collapse last May, leading to the creation of USTC and LUNC as remnants of the failed Terra blockchain.

USTC served as an algorithmic stablecoin, while LUNC (formerly known as LUNA) was utilized to maintain the stablecoin’s peg at $1. Unfortunately, the design proved to be unsustainable, resulting in a hyperinflationary death spiral. The collapse of the Terra ecosystem was a significant blow to the multibillion-dollar project and raised concerns about the viability of algorithmic stablecoins.

4. Legal Troubles and the Road to Redemption

In addition to the collapse of the Terra ecosystem, Terraform Labs and Do Kwon faced legal challenges. In February, the U.S. Securities and Exchange Commission (SEC) charged them with orchestrating a multi-billion dollar crypto asset securities fraud involving the algorithmic stablecoin. This legal action added to the tumultuous period for the Terra project.

Complicating matters further, Do Kwon was arrested in Montenegro in March, where he was found in possession of forged passports. Last week, a local court approved his extradition to either the United States or South Korea, signaling potential legal consequences for his alleged involvement in the securities fraud.

5. Reviving the Terra Classic Ecosystem

Despite the setbacks, some developers and community members remained committed to reviving the Terra Classic ecosystem. Through community voting, it was decided to halt the minting of new USTC tokens, employing token burning mechanisms to reduce the hyperinflated supply. This strategic move aimed to address the previous design flaws and enhance the stability and sustainability of USTC.

The development team’s dedication to rebuilding the Terra Classic ecosystem has been met with enthusiasm from investors. The recent surge in USTC’s value demonstrates the market’s confidence in the project’s redemption and potential for future growth. The combination of token burning and the anticipated revamp plan has reignited hope among the community and attracted renewed interest from traders and investors alike.

6. The Speculative Frenzy Unleashed

The recent developments surrounding USTC and LUNC have unleashed a speculative frenzy in the cryptocurrency market. Traders and investors are closely monitoring the rapid price movements and trading volumes, seeking opportunities to capitalize on the volatility. Social media platforms and online forums have been abuzz with discussions and analyses of USTC’s potential, further fueling the speculative fervor.

7. Outlook and Future Prospects

The ongoing surge in USTC’s price and the market’s response to the revamp plan and airdrop initiative suggest a promising outlook for the Terra Classic ecosystem. While challenges remain, the dedication of the development team and the support of the community indicate a strong desire to overcome past difficulties and build a more sustainable and resilient blockchain ecosystem.

Investors should approach USTC and LUNC with caution, considering the speculative nature of the current market activity. It is essential to conduct thorough research and assess the risks associated with investing in volatile assets such as cryptocurrencies. However, for those who believe in the potential of Terra Classic and its ability to rebound, this may present an opportunity to participate in the revival of a once-promising project.

Conclusion

The recent surge in USTC’s value, driven by the bitcoin-focused revamp plan and the listing of perpetual contracts on Binance, has captivated the cryptocurrency community. The journey of Terra and the birth of USTC and LUNC serve as reminders of the challenges faced by blockchain projects and the importance of adaptability and innovation. As the Terra Classic ecosystem seeks redemption, the future of USTC and LUNC remains uncertain but holds the potential for a remarkable comeback.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are subject to market risks, and readers should exercise caution and perform their own research before making any investment decisions.

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Altcoins

Avalon Lab’s $AVL TGE : Here’s the First Impressions

The decentralized finance (DeFi) market has integrated new innovations that combine blockchain technology and traditional finance. A recent event in the segment is the Avalon Labs, a bitcoin-backed DeFi platform’s new token $AVL . On 6 February $AVL Airdrop was concluded on Binance. Therefore, the door to great earnings and opportunities is opening.

What is Avalon Labs?

Avalon Labs: Revolutionizing Bitcoin Finance

Powering ₿itcoin On-Chain Capital Markets. Avalon Labs is rapidly emerging as the dominant force in the Bitcoin-backed CDP space and the largest money market for Bitcoin derivatives.

  • A stablecoin solution – Stemming volatility in the market by providing a stable solution.
  • Yield accounts – Enabling the users to earn passive income on their crypto holdings.

Avalon Labs uses Bitcoin as the base collateral and combines it with flexible DeFi solutions, making its services appealing to crypto investors who want to gain new financial opportunities.

Avalon Lab’s New $AVL Governance Token

The newest governance token $AVL by Avalon Labs is aimed at empowering the community and building the Avalon ecosystem. $AVL token holders receive voting rights which enables them to make important decisions and control the future direction of the platform. $AVL goes beyond governance by providing real benefits such as rebates, special loans, and bonus tier allocations, further improving the user experience within Avalon.

With the earning capabilities still in stock after the airdrop on Binance, its primary focus is sharing the platform in order to broaden its scope of earnings. Additionally, TGE is set to be around the corner so these earnings should increase relatively soon.

https://twitter.com/avalonfinance_/status/1887427298288410810/

Avalon Labs is gearing up for the launch of its governance token, $AVL, scheduled for February 12. As a Bitcoin finance hub, Avalon offers a BTC-backed stablecoin, $USDa, and provides staking opportunities with attractive annual percentage yields (APY). By staking USDa, users can earn a total of 45% APY, divided into 20% in USDa and 25% in $AVL tokens. This initiative not only incentivizes participation but also integrates users into Avalon’s growing ecosystem. The introduction of $AVL marks a significant milestone, empowering the community with governance capabilities and aligning stakeholders with the platform’s future developments.

AI KAITO’s Pre-TGE Arena surrounds $AVL, which is already Kaito AI’s top gainer

Kaito is a platform that hosts unstructured information web3 and utilizes AI to create actionable insights from the retrieved data. Kaito provides an index of various Web3 content such as social media, governance forums, research papers, news articles, podcasts, and even conference speeches which makes it easy for users to grapple with the world of blockchain information.

KAITO AI’s Token and Narrative Mindshare

It’s a known fact that the Web3 space is cluttered with irrelevant information, which makes it frustrating to stay on top of things. The Token mindshare feature specifically monitors the attention span tokens receive on a given period of time.

They track tokens that are gaining attention and those which are losing value. Moreover, their narrative mindshare allows users to understand popular stories and developments within the Web3 space, enabling users to make well informed investment and strategic choices.

https://twitter.com/avalonfinance_/status/1887393582883217456

Even on such a useful and innovative AI-powered platform, $AVL shows its strength. Get your hands on some $AVL and start sharing!

Avalon Labs has made strides in the DeFi space by combining Bitcoin’s security with decentralized financial services. This combination is particularly important because it broadens the use of Bitcoin beyond mere storage of value. Avalon’s BTC backed stablecoin, $USDa, on the other hand, offers a reliable hedge against volatility while also having the perks of decentralization, unlike other DeFi platforms that depend on Ethereum based assets.

In addition, the governance model powered by $AVL enables an approach where users can collaboratively decide the future direction of the platform. There is vast potential for Bitcoin backed DeFi and Avalan is bringing this possibilty to life. It provides users with a different option compared to traditional centralized crypto lending platforms which routinely put up stringent rules and governance over peoples’ funds.

With the rise of the need for a supplementary financial alternative, Avalon Labs could lead BCT-based DeFi solutions and serve as a foundation for deeper integrations and usage by the general public.

How to Acquire and Make Use of $AVL

For $AVL, users are starting to look for ways to earn more with the governance token after a successful $AVL airdrop on Binance. Users who missed the airdrop still have ways to get into Avalon:

  1. Purchasing $AVL – Users will be able to buy and sell the token on major exchanges right after TGE.
  2. $USDa Staking – Users can stake their USDa backed with BTC and earn as much as 45 percent APY (20 percent in USDa, 25 percent in $AVL).
  3. Governance Participation – Voting is possible with $AVL tokens in which users can select policies, vote on proposed updates, and changes in incentives.
  4. Exploitation of Other Benefits – These users of Avalon could receive rebates, special loans, and investment offers that are not available to non-$AVL holders.

As with best emerging digital asset, $AVL participation features will be more prominent within the Avalon ecosystem. These properties will make the token interesting for long-term investors, participants of DeFi. Grab the opportunity before it is too late!

Website: https://www.avalonfinance.xyz/

Twitter: https://x.com/avalonfinance_/status/1881236795037565404

Discord: https://discord.gg/avalonlabs

Telegram: https://t.me/AvalonLabs_Official

Medium: https://medium.com/@avalonlabs

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Altcoins

Berachain Skyrockets 660% – The Altcoin That’s Defying Market Trends

Berachain Skyrockets 660% – The Altcoin That’s Defying Market Trends

The cryptocurrency market has been turbulent, with Bitcoin and other major altcoins facing downward pressure. However, one project has defied the odds—Berachain (BERA). Since its mainnet launch, BERA has skyrocketed by 660%, making it one of the top-performing altcoins. But what’s driving this massive rally? Let’s explore the key factors behind Berachain’s surge.


Berachain’s Mainnet Launch Fuels 660% Rally

Berachain introduced its highly anticipated mainnet, positioning itself as a revolutionary Layer-1 blockchain. Unlike traditional Proof-of-Stake (PoS) systems, Berachain operates on Proof-of-Liquidity (PoL). This model rewards users for providing liquidity, ensuring a fluid and active ecosystem.

What Makes Berachain Unique?

  • Proof-of-Liquidity Model: Unlike PoS, where validators are selected based on staked assets, Berachain encourages liquidity providers to secure the network.
  • Massive Early Adoption: Before launching, Berachain secured over $3 billion in liquidity, indicating strong investor confidence.
  • Top-Tier Exchange Listings: Major exchanges like Binance and Coinbase quickly listed BERA, adding credibility and accessibility.

These factors contributed to a rapid increase in demand, propelling Berachain to a 660% price surge within days of its launch.


Crypto Market Faces Challenges as Berachain Shines

While Berachain has been soaring, the broader crypto market has struggled.

Altcoins Struggle Amid Market Uncertainty

  • Ethereum (ETH) and Ripple (XRP) have dropped by nearly 1% in the past 24 hours.
  • Avalanche (AVAX) has fallen by 3%, while Sui (SUI) has declined by 5%.
  • The Crypto Fear & Greed Index has dropped to 44, indicating growing fear among investors.

Why Is the Crypto Market Struggling?

Several factors have contributed to the market’s downturn:

  • Regulatory Uncertainty: Potential trade tariffs from former U.S. President Trump have created tension.
  • Interest Rate Concerns: The Federal Reserve is expected to maintain higher interest rates for longer, reducing risk appetite.
  • Large Liquidations: The market has seen over $100 million in liquidations, leading to further price declines.

Despite these challenges, Berachain has outperformed the market, proving that innovative projects can thrive even in uncertain times.


Best Wallet Presale Nears $10M—Next Big Opportunity?

While Berachain has dominated headlines, another project is gaining attention. Best Wallet, a new DeFi wallet solution, has raised over $9 million in its presale.

What Is Best Wallet?

Best Wallet aims to simplify crypto transactions by combining multiple services into one platform.

Key Features:

  • Secure Multi-Asset Wallet: Store and manage multiple cryptocurrencies in one place.
  • Decentralized Exchange (DEX): Swap tokens directly within the wallet.
  • Crypto Debit Card: Spend crypto like cash, making it more usable in daily life.

With its native BEST token priced at $0.0239, many investors see this as a potential early-entry opportunity before its full launch.


Conclusion: Is Berachain the Next Big Crypto?

Berachain’s 660% surge has captured the attention of the crypto community. Its unique Proof-of-Liquidity model, early adoption, and major exchange listings have fueled its explosive growth.

Meanwhile, the broader crypto market remains under pressure due to regulatory concerns, interest rates, and liquidations. However, innovative projects like Berachain and Best Wallet prove that strong fundamentals can defy bearish trends.

As the market evolves, will Berachain continue its upward trajectory, or is a correction inevitable? Only time will tell.


Frequently Asked Questions (FAQs)

Why is Berachain’s price increasing so fast?

Berachain’s Proof-of-Liquidity model, early liquidity injection, and exchange listings have driven massive demand, resulting in a 660% surge.

How does Berachain’s Proof-of-Liquidity differ from Proof-of-Stake?

Unlike PoS, where validators stake coins to secure the network, PoL rewards users for providing liquidity, ensuring better asset circulation.

Is it too late to invest in Berachain?

While BERA has already surged, its long-term success depends on continued adoption and development. Always do your research before investing.

Why is the crypto market down while Berachain is rising?

The broader market is experiencing sell-offs due to interest rate concerns and liquidation events, but Berachain’s unique model has helped it defy the trend.

What is Best Wallet, and why is it gaining traction?

Best Wallet is a next-generation crypto wallet that offers an integrated DEX, secure storage, and a crypto debit card, making crypto more accessible.

Will Berachain maintain its momentum?

If adoption continues and liquidity remains strong, Berachain could sustain its growth. However, market conditions and competition will play a role.

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Altcoins

Berachain Launches Mainnet with $632 Million BERA Token Airdrop

Berachain Launches Mainnet with $632 Million BERA Token Airdrop

Overview of the BERA Airdrop

Berachain, a Proof-of-Liquidity (PoL) Layer-1 blockchain, officially launched its mainnet and announced a massive airdrop worth $632 million in BERA tokens. The airdrop aims to reward early community users and drive engagement in the ecosystem.

Key Airdrop Details:

  • 80 million BERA tokens were distributed, 15.8% of the total 500 million tokens available at launch.
  • NFT holders of Bong Bears and related projects (Bond, Boo, Baby, Band, and Bit Bears) received the largest share.
  • Testnet contributors earned 8.2 million BERA tokens for their role in network development.
  • Active community members on Discord and X (formerly Twitter) were also rewarded.
  • Airdrop claim process began on February 6, with verification via Berachain’s official airdrop checker.
  • Participants from the “Request for Broposal” campaign and other initiatives will receive tokens starting February 10.

Tokenomics and Allocation

Berachain’s token supply is divided among different sectors:

CategoryPercentage
Community marketing & engagement13.1%
Research & development20%
Institutional investors34.3%
Big Bera Labs & project contributors34.3%

This allocation supports ecosystem growth, development, and long-term sustainability.

Understanding Berachain’s Proof-of-Liquidity (PoL) Model

Berachain operates on a unique Proof-of-Liquidity (PoL) consensus mechanism, unlike traditional Proof-of-Stake (PoS) or Proof-of-Work (PoW) models.

How PoL Works:

  • Liquidity providers stake assets to increase network security.
  • Instead of mining, Berachain redirects network revenue to liquidity providers and stakers.
  • This model enhances decentralization and rewards participation in the ecosystem.

The Role of BERA Token:

BERA serves two major functions:

  1. Gas Token: It powers transactions on the network.
  2. Governance & Security: Users stake BERA to participate in network decisions.

Market Influence and Exchange Listings

Following the mainnet launch, BERA tokens were listed on top exchanges, including:

  • Binance
  • Bybit
  • Bitget
  • MEXC
  • KuCoin

Initial Price Movement:

  • BERA launched at $8 per token.
  • Market volatility is expected as trading stabilizes.

Final Thoughts: A New Era for Blockchain

Berachain has entered the market with a strong start, introducing its PoL consensus model and rewarding early adopters. The combination of liquidity incentives, governance, and ecosystem growth makes it a promising blockchain contender.

With further development and adoption, Berachain could redefine liquidity management in DeFi and beyond. Stay tuned for more updates on this groundbreaking blockchain project.

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