DeFi News Daily Official TheBitTimes.com

Known for its long-term volatility and for missing out on the 2024 bull market since early March, Terra Classic (LUNC) is once again drawing attention as the next U.S. court hearing involving Terraform Labs co-founder Do Kwon approaches on April 10. LUNC’s decline can be traced back to May 2022, when the Terra ecosystem collapsed after its algorithmic stablecoin USTC lost its dollar peg and fell below $0.01.  The incident wiped out an estimated $60 billion in market value, triggering widespread panic across the digital asset space. The collapse of Terra is widely regarded as a major catalyst for the prolonged ‘crypto winter’ that followed. Yet, despite major setbacks and ongoing legal fallout, the project persists, kept alive largely by its dedicated community. Community burn efforts persist, but price impact remains modest Part of this ongoing effort has centered around a community-led token burn mechanism, aimed at reducing the token’s oversupply and boos...

Cilinix Crypto reviewed the BTC Bull presale, which has reached a significant milestone by raising $2.4 million in just a few days. This remarkable accomplishment stands out particularly given the current market conditions. While some altcoins are struggling in a relatively bearish environment, Bitcoin’s price stability has helped keep the broader market relatively steady. BTC Bull presale’s rapid success signals that there is a considerable amount of momentum and interest behind it, both socially and in terms of capital investment. Although the market’s overall outlook might not be exceptionally bullish right now, BTC Bull has managed to gain traction, which suggests strong potential for future growth. Bitcoin’s Historic Rally and the Meme Coin Set to Ride Its Momentum Between 2023 and 2024, Bitcoin surged from its cycle low of around $17,000 to a new all-time high of approximately $73,000, driven by the introduction of Bitcoin ETFs and growing institutional...

Popcat rival Catslap ($SLAP) sent the bulls charging with its announcement of a $1 million token burn on January 31. The burn is sure to blow even more wind into the sails of the token’s price momentum, which has led to it surging 42% higher over the past seven days.  By contrast, Popcat has only managed to gain just 13.3% in the same period, as the smart money rotates into the newer coins with greater ROI potential.  In fact Catslap is outperforming fellow cat coins like Popcat, MEW and Simon’s Cat, with $SLAP 24-hour trading volume accelerating to $568k. Listen up slappers. $1M burn is coming. We’re about to make history Jan 31st. Be there or get slapped 😸 pic.twitter.com/Jwxqvuxe4N — Catslap (@CatSlapToken) January 6, 2025 $SLAP Price Outlook: Bulls Target 349% Eruption Bulls are now eyeing a move from $0.00304 back to the all-time high of $0.00946 reached on December 4, which would entail a pric...

The Fartcoin price pumped 39% in the last 24 hours to trade at $0.8331 as of 2 a.m. EST on trading volume that surged 22% to 97.97 million. The token has skyrocketed 184% in the past seven days and hit an all-time high only two hours ago, when its price climbed to $0.8936 Fartcoin Price Prediction The Fartcoin price encountered a strong resistance at $0.90 just after managing to breach the one at $0.80, and the new barrier rejected its price. However, the token is signaling that it is not done yet, and its price could retest the new obstacle in the hours to come. Fartcoin’s Bollinger bands have narrowed slightly after the rejection, but they still remain quite wide, which is a positive sign. Its price dropped from the upper band to the middle level, and continued to descend toward the lower band. However, before it reached the bottom, it started recovering already, giving off a very bullish signal. The token’s Relative Strength Index (RSI) mirrors this behavior, with i...