Image Credit: CoinDCX
Mar 01, 2024
By: Bhumi Shrivastava
Image Credit: Money
Proposal 12073, "Burn 800M USTC Through Contract Migration," was approved, potentially driving up LUNC's price.
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Bitcoin's upcoming halving event historically drives scarcity, benefiting LUNC.
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Reasons
1.
Binance's involvement in token burns has positively impacted LUNC's value in the past.
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2.
Sharp-eyed community members play a vital role in rallying support for proposals like 12073.
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3.
Positive market reactions followed recent developments, indicating potential price increases for LUNC.
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Increasing institutional adoption of Bitcoin could elevate LUNC's fortunes in the crypto sphere.
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