The crypto market is often abuzz with new developments, with one of the latest being Binance’s Terra Classic (LUNC) token burn. This burn event has caused a significant surge in the price of LUNC, which comes at a great time for its community. At the same time, DigiToads (TOADS) has been capturing investors’ attention with its bullish potential, with investors eyeing its launch. A notable trader recently expressed their optimism about the limitless upside potential of DigiToads, which has been met with huge enthusiasm within the crypto market.
In this article, we will delve into the recent burn event of LUNC by Binance and explore the piqued enthusiasm around DigiToads market prospects.
DigiToads (TOADS): Anticipating limitless upside potential after launch
Amidst the frenzy and excitement within the crypto landscape, DigiToads isn’t far from the center. Its innovative concept, upside potential, and impending launch have put the spotlight on the project. As a result, a prominent trader made a prediction about its post-launch, which is believed to be explosive.
The token launch is on August 21, and investors can be seen swarming the presale to position themselves for its impending rally. With several factors expected to contribute to its price surge after launch, we will explore a few.
DigiToads (TOADS) is a unique cryptocurrency combining memes with P2E and NFT, three of the hottest trends within the crypto landscape. Hence, it promises a vibrant and dynamic ecosystem, contributing to its limitless upside potential.
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Within its ecosystem, an immersive play-to-earn game will allow players to compete and battle DigiToads to earn rewards. Furthermore, an NFT collection will also be at the center of the ecosystem. NFT collectors and enthusiasts will be able to mint and hold NFTs with great value propositions. Additionally, NFTs can be staked on the platform for rewards from the staking pool, serving as passive income.
In addition, DigiToads has been cited as having great room for growth. Leading experts predict that DigiToads will likely increase by 100x before the end of the year, with the potential for even greater growth in the future.
The presale is currently in its last stage, stage 10. Its current price before listing on exchanges is $0.05, which is still competitive considering its limitless growth potential.
Terra Classic (LUNC): Binance token burn leads to price pump
Terra Classic (LUNC) hasn’t been the same since its collapse in 2022. However, there have been attempts at revitalizing LUNC from the community and other key players within the crypto space. In recent developments, Binance, the largest centralized exchange, burned a whopping 1.41 billion LUNC in its latest batch of token burns. This latest LUNC burn event was held on August 1 by Binance, reiterating its support for the Terra Classic ecosystem.
The significance of this LUNC token burn resulted in the permanent removal of portions of its total supply. As a result, LUNC experienced a rally, pushing it further away from bearish zones. While this event hasn’t done much in terms of the persisting bearish sentiment surrounding LUNC, it has resulted in a spike in price. Nevertheless, the Terra Classic community continues to be optimistic that the frequent burns and the planned re-peg of the USTC might create a stronger rally in the future.
Final thoughts
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Binance burn of 1.41 billion LUNC tokens has been met with enthusiasm within the Terra Classic community. At the same time, investors and traders are bullish on DigiToads as they anticipate its launch. Moreover, a trader even went further to express optimism about DigiToads, stating it has the potential for limitless growth. With days left until the launch of DigiToads, investors still have time to accumulate their TOADS tokens.
