Contrary to expectations, LUNC, the digital coin of the Terra Luna Classic Network, has been performing poorly in spite of recent core upgrades implemented by the L1TF developer group. The update, which was carried out at block height 14514000, provide new features that include Cosmos SDK integration and a modification to the burn tax mechanism.
Regardless, the LUNC credits seem to be sinking rather than soaring. At a quoted market value of $0.00005810, it represents a meagre 24-hour change of +0.28%. Analyzing this situation reveals that the asset is indeed in a rough patch; it is situated below the 20DMA in an unending 80% plunge since last November.
The scale tips riskier as loyal developers strive to keep the ship afloat while glaring fundamental frailties like the bearish trend put more burden on the asset. Though there is a hint of a silver lining with a minor degree of bullish divergence signalled by a MACD of 0.00000023 and an oversold RSI pointing at 34.36. Despite, the future of LUNC seems quite uncertain with a bleak risk-reward ratio of 0.57. On the brighter side, LUNC might not drop to a complete zero as many have speculated. Meanwhile, it seems investors are realigning their trading strategy as funding begins to surge into the Bitcoin Derivatives project.
At face value, the term “Bitcoin Derivative” provokes curiosity but is essentially a digital asset that seeks to improve upon Bitcoin’s inherent weaknesses while leveraging its strengths. The unstinting excitement felt by the market over Bitcoin BSC has seen it raise over $2,000,000, all thanks to its integration with Binance Smart Chain. This clever amalgamation guarantees lightning speed transaction times and negligible fees. Gone are the days of enduring long waiting times associated with Bitcoin transactions; with BTCBSC, transactions are confirmed in less than five seconds for a trifling cost of $0.10.
This increased efficiency paves the way for more extensive applicability in a range of decentralised applications (dApps) ranging from microtransactions to huge financial transactions. Moreover, BTCBSC’s transition from proof-of-work to proof-of-stake offers a more sustainable and energy-efficient method, thereby setting aside the perennial energy concerns associated with most cryptocurrencies.
In a nutshell, WSC stands out not only as merely a token but an investment strategy that places the focus on Staking. With an APY of 8-10% and the reduction of the constant price volatility seen with new crypto projects, it certainly does incentivise long-term holding and promises steady growth. No doubt, the volatile nature of crypto markets makes BTCBSC a veritable lighthouse of innovation, promote advanced features and the reliability of Bitcoin’s legacy.
Source: Cryptonews
