Terra Luna Classic (LUNC) has been fighting tooth and nail to bring back its blockchain to the glory days before the Terra ecosystem collapsed in May 2022. Terra was at the forefront of bringing stablecoins to cryptocurrency. Now, one of the world's leading crypto exchanges, Binance (BNB), is helping to revive Terra Classic and its stablecoin LUNC by supporting Terra Classic's network upgrade.
Does Binance have what it takes to lead the charge of Terra Classic stablecoins, or does Ethereum (ETH) and new meme coin Big Eyes Coin (BIG) hold the torch to the next generation of stablecoins to lead the crypto market?
Binance, one of the leading cryptocurrency exchanges that allow you to trade over 360 cryptocurrencies, including BTC, DOGE and LTC, has been facing an uncertain future due to regulatory pressures. The CFTC filed a lawsuit against Binance in March 2023. Meanwhile, Australia's first and oldest bank, Westpac, banned Binance from its payment services.
As a result, Binance's support it provides to various cryptocurrencies, including LUNC, has become a topic of contention. While Binance's backing can provide a boost to LUNC's visibility and trading volume, it remains to be seen how regulatory challenges will impact the exchange and its associated blockchains and tokens.
Founded in 2015 by Vitalik Buterin, Ethereum is still the leading blockchain network despite falling behind in technology trends with modern blockchain networks. However, Ethereum is quickly playing catch up by transitioning to Ethereum 2.0, with the implementation of the Proof of Stake (PoS) consensus mechanism.
The upgrade will enhance scalability, security, and efficiency. This upgrade is anticipated to attract more users and developers to the Ethereum ecosystem, leading to increased trading activity and liquidity for Ethereum-based tokens.
An Ethereum-based token set to benefit from the Ethereum upgrade is Big Eyes Coin (BIG), utilising its meme power of cat memes and cutesy art to spread far and wide on the internet. BIG wants to pave a home on Web 3.0 themed around BIG and its playful designs' woven into transactions, browsing, socialising, shopping, gaming and more.
A key selling point to BIG is its full decentralised ownership, where 80% of BIG tokens will be made available to the community on launch day. The community will have full governance over the direction of BIG, including picking charities to donate to with BIG's charity wallet.
BIG has big plans to create a 24-hour trading volume for BIG to increase the token value. A BIG casino will launch on August 29th 2023, with over 4,000 casino games and numerous P2E games. The community will have many fun ways to earn BIG, which they can spend on a creative variety of digital assets at the NFT marketplace. The NFTs can be shared and showcased at the NFT Sushi Crew, where the community gathers in this virtual space.
In the race for dominance in the crypto future, the ability to deliver inherent value becomes crucial. While Terra Luna Classic may have experienced a recent increase in value, its long-term sustainability and viability will depend on factors such as adoption, utility, and community support.
Ethereum, with its upcoming upgrade, seeks to address scalability issues and solidify its position as a leading blockchain platform. Additionally, Big Eyes Coin's focus on liquidity and trading volume reflects its commitment to creating a thriving ecosystem for traders and investors.
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