Image Credit:  CoinDCX

Mar 01, 2024

3 Reasons Why LUNC Could Boast Post-Bitcoin Halving

By: Bhumi Shrivastava

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Proposal 12073, "Burn 800M USTC Through Contract Migration," was approved, potentially driving up LUNC's price.

Successful Proposal

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Bitcoin's upcoming halving event historically drives scarcity, benefiting LUNC.

Bitcoin Halving Implications

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Reasons

1.

Binance's involvement in token burns has positively impacted LUNC's value in the past.

Binance's Contribution

Image Credit:  Binance

2.

Sharp-eyed community members play a vital role in rallying support for proposals like 12073.

Community Engagement

Image Credit:  Finbold

3.

Positive market reactions followed recent developments, indicating potential price increases for LUNC.

Market Reaction

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Increasing institutional adoption of Bitcoin could elevate LUNC's fortunes in the crypto sphere.

Institutional Adoption

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