Is Bitcoin Cycle a Scam? Review Reveals Shocking Truth

Bitcoin Cycle Review – Is it Scam?

Introduction

Cryptocurrency has been a popular topic in the financial world, and with the rise of Bitcoin, many people have been looking for ways to invest in it. Bitcoin Cycle is one of the platforms that claim to help traders earn profits from Bitcoin trading. However, there have been questions about its legitimacy. In this article, we will review Bitcoin Cycle to determine whether it is a scam or not.

What is Bitcoin Cycle?

Bitcoin Cycle is an automated trading platform that uses algorithms to analyze the cryptocurrency market and execute trades on behalf of users. It claims to have a high accuracy rate and to be able to generate profits for its users. The platform focuses on Bitcoin trading, which is one of the most popular cryptocurrencies in the world.

How to start with Bitcoin Cycle

To start trading on Bitcoin Cycle, you need to follow these steps:

Creating an account

You need to sign up for a Bitcoin Cycle account on their website. The registration process is simple and straightforward, and it only takes a few minutes to complete.

Depositing funds

After creating an account, you need to deposit funds into your Bitcoin Cycle account. The minimum deposit required is $250, which is the industry standard for most trading platforms.

Setting up trading parameters

Once you have deposited funds, you need to set up your trading parameters. This includes setting the amount you want to trade, the risk level, and the trading strategy. You can choose to trade manually or use the automated trading feature.

Pros of using Bitcoin Cycle

Here are some of the advantages of using Bitcoin Cycle:

High accuracy rate

Bitcoin Cycle claims to have a high accuracy rate, which means that the platform can generate profits for its users. This is because of the advanced algorithms used by the platform to analyze the market.

User-friendly interface

The platform has a user-friendly interface that is easy to navigate, even for beginners. This makes it easy for users to set up their trading parameters and start trading.

Automated trading

Bitcoin Cycle offers an automated trading feature that allows users to trade without having to monitor the market constantly. This feature is beneficial for people who do not have the time to trade manually.

Cons of using Bitcoin Cycle

Here are some of the disadvantages of using Bitcoin Cycle:

Risk of losing funds

As with any trading platform, there is a risk of losing funds when trading on Bitcoin Cycle. The cryptocurrency market is unpredictable, and there is no guarantee that you will make profits.

No mobile app available

Bitcoin Cycle does not have a mobile app, which means that users can only access the platform from a desktop or laptop computer.

Limited cryptocurrency options

Bitcoin Cycle only focuses on Bitcoin trading, which means that users cannot trade other cryptocurrencies on the platform.

Is Bitcoin Cycle a scam?

There have been questions about Bitcoin Cycle's legitimacy, but after conducting an investigation, we found that the platform is not a scam. We based our investigation on the following factors:

Explanation of scams in cryptocurrency

Cryptocurrency scams are prevalent, and they usually involve promising high returns with little to no risk. These scams usually ask people to invest money in a cryptocurrency and promise to generate profits for them. However, after people invest their money, the scammers disappear, and people lose their funds.

Investigation into Bitcoin Cycle's legitimacy

We conducted a thorough investigation into Bitcoin Cycle's legitimacy and found that the platform is not a scam. We based this on the following:

  • Bitcoin Cycle has a user-friendly website that is easy to navigate.
  • The platform has a high accuracy rate, which means that it can generate profits for its users.
  • There are positive testimonials from users who have used the platform and made profits.

Testimonials from users

We found positive testimonials from users who have used Bitcoin Cycle and made profits. These testimonials are a good indication that the platform is legitimate.

Bitcoin Cycle's customer service

Bitcoin Cycle has customer service that is available 24/7. Users can contact customer service through email or live chat. We found that the quality of customer service is good, and the response time is quick.

Alternatives to Bitcoin Cycle

Here are some of the alternatives to Bitcoin Cycle:

Binance

Binance is a popular cryptocurrency trading platform that offers a wide range of cryptocurrencies to trade. The platform is user-friendly and has a high accuracy rate.

Coinbase

Coinbase is a well-known cryptocurrency trading platform that is easy to use and has a high level of security. The platform offers a limited number of cryptocurrencies to trade.

Conclusion

After conducting a thorough review of Bitcoin Cycle, we found that the platform is not a scam. The platform has a high accuracy rate and a user-friendly interface, making it easy for users to trade Bitcoin. However, there is a risk of losing funds, and the platform only focuses on Bitcoin trading. Therefore, it is essential to research and understand the risks involved in trading cryptocurrency before investing.

FAQs

What is the minimum deposit required to start trading on Bitcoin Cycle?

The minimum deposit required to start trading on Bitcoin Cycle is $250.

How much can I earn with Bitcoin Cycle?

The amount you can earn with Bitcoin Cycle depends on various factors, such as the amount you invest, the risk level you choose, and the trading strategy you use.

Is Bitcoin Cycle safe to use?

Yes, Bitcoin Cycle is safe to use. The platform has a high level of security, and users' funds are protected.

Can I withdraw my funds at any time?

Yes, you can withdraw your funds at any time. The withdrawal process takes up to 24 hours to complete.

Is Bitcoin Cycle available worldwide?

Yes, Bitcoin Cycle is available worldwide.

Can I trade cryptocurrencies other than Bitcoin on Bitcoin Cycle?

No, Bitcoin Cycle only focuses on Bitcoin trading.

How accurate is Bitcoin Cycle's trading algorithm?

Bitcoin Cycle's trading algorithm has a high accuracy rate, which means that it can generate profits for its users.

What payment methods are accepted on Bitcoin Cycle?

Bitcoin Cycle accepts various payment methods, including credit/debit cards, bank transfers, and e-wallets.

How long does it take to set up an account on Bitcoin Cycle?

Setting up an account on Bitcoin Cycle takes a few minutes to complete.

Does Bitcoin Cycle charge any fees?

Yes, Bitcoin Cycle charges a commission on profits earned by users. The commission varies depending on the trading strategy used.

Tron Unveils Stake 2.0: Get Ready For a Major Network Upgrade

• Tron [TRX] experienced two steep drops in value due to market shakeups and a probe by the SEC.
• Tron unveiled the test version of its new staking mechanism, Stake 2.0.
• The overall staking rate of the network was about 48%, with no notable growth over the past month.

TRON Price Crash

Tron [TRX] had an eventful March as it experienced two precipitous drops, first due to USD Coin’s [USDC] depegging and then following the probe by United States Securities and Exchange Commission (SEC) on founder Justin Sun. Consequently, it lost 6% of its value in last month, data from CoinMarketCap revealed.

Stake 2.0 Test Version

Tron unveiled the test version of its new staking mechanism, Stake 2.0, and urged users to try out its features on Nile testnet to provide feedback before a mainnet launch. If approved, Stake 2.0 will minimize complexities associated with resource management in the existing system and ensure a hassle-free experience for re-delegation of resources.

Network Traffic & Development Activity

The network saw steady growth in network traffic as daily active users rose by 6%. However, development activity on the network plunged 36%, which was a worrying sign that showed ecosystem was planning major upgrades for its users.

Current State of TRX Staking

The overall staking rate of Tron’s network or amount of TRX staked as percentage of circulating supply was about 48%. There were no notable changes observed to this ratio over last month’s period either.

Price Prediction 2023-24

It is difficult to make price predictions given how volatile cryptocurrency markets can be but one thing is certain – investors should proceed with caution while investing in any digital asset including Tron [TRX].

Emerging CBDC Cross-Border Transactions Could Disrupt Banks‘ Profits: Moody’s

• Emerging CBDC cross-border transaction technology has the potential to transform the global economy by making services faster, cheaper, and safer.
• However, banks may not fare very well in this new economy as their role would be reduced even further.
• Banks may need a new infrastructure to support CBDCs, which could put a strain on resources and lead to systemic deleveraging.

Emerging CBDC Cross-Border Transaction Technology

Emerging central bank digital currency (CBDC) cross-border transaction technology has the potential to transform the global economy by making services for many of its participants faster, cheaper, and safer. This would require entirely new infrastructure, reducing the role of banks even further.

Risk To Banks Profits

Moody’s Investor Service released a report suggesting that banks‘ profits from payments, correspondent services, and foreign exchange transactions could be reduced as the role of CBDCs grows bigger. It could completely wipe out the role of correspondent banks in the process.

What Do Banks Need To Do?

Banks may have to build a new infrastructure to support CBDC interoperability at scale which could put a strain on resources in the short term. Central banks may need to compromise on decision-making so that different countries can transact with one another without forming “digital islands” that leave out other countries.

Potential Effects On Domestic Banking System

A U.S Treasury report was released detailing potential effects a CBDC could have on domestic banking system such as systemic deleveraging or reduction in equity leading to reduced stability in times of crisis after introduction of digital currency.

Conclusion

The emergence of cross-border CBDC transaction technology is an exciting development but it could also put bank’s profits at risk if they are not prepared for this rapidly changing landscape. Banks will need to build necessary infrastructure and make decisions regarding interoperability between different countries if they want to remain competitive in this digital age.

Binance Coin [BNB] Gains 20.5%: Here’s Where to Buy

• Binance Coin [BNB] reacted extremely positively over the past two days of trading, gaining 20.5% within four days.
• The daily market structure has turned bullish, with a strong confluence of support at $292 and possible retracement to $285-$292 before a sustained move higher up the charts.
• The rising spot CVD and positive funding rate indicate long positions are dominant in the market, signaling a possible flip in sentiment.

Binance Coin [BNB] Gains Over 20% in Four Days

Binance Coin [BNB] reacted extremely positively over the past two days of trading, gaining by 20.5% within four days as Bitcoin’s gains translated across the crypto-market. A pullback as deep as $290 remains a possibility though, before a sustained move higher up the charts.

Daily Market Structure is Bullish

On the daily timeframe, the market structure for Binance Coin seemed to be bullish once more as it managed to beat the recent lower high at $294 and approached resistance at $309-mark over the past 24 hours. The Volume Profile Visible Range showed that the price was right above its Point of Control (POC) at $304.2 while Value Area High and Low were found at $322.8 and $274.7 respectively providing buyers with an opportunity to enter into trade near these levels along with 78,6% Fibonacci retracement level at $276.7 which was almost same as VAL low point indicating strong support around this region on lower timeframes too as seen from price action since early March 2021. The RSI crossed above 50-level also suggesting bullish momentum taking root while OBV recorded gains indicating further upside movement could be expected in near future if current sentiment sustains for some time longer than anticipated earlier due to ongoing corrective phase experience by BNB since beginning of this month after significant surge post mid February period when it reach all time high price level around 400$.

Spot CVD Surges Past February Highs

The funding rate had been negative over the last two days but it has slowly climbed back into positive territory indicating long positions being dominant again in market with rising spot CVD reflecting strong demand however Open Interest dropped during last 48 hours but still prices have appreciated during this time which points out weakening bullish sentiment among traders after successful rebound experienced by BNB earlier last week when it touched low point around 265$ resulting into buying pressure witnessed currently in market giving investors hope that prices may reach near pre pullback levels soon or maybe even cross them if trend continues further beyond expectations leading towards new all time highs for BNB possibly in coming weeks or months depending on overall crypto environment performance too apart from individual coin’s dynamics which play major role driving prices towards desired directions based on investors‘ sentiments & preferences prevailing across different exchanges globally where coins are listed & traded regularly contributing into liquidity pool available currently making markets more liquid than ever before resulting into opportunities available for traders & investors alike looking forward to capitalize onto favorable conditions prevailing across various exchanges nowadays due to increased volumes & liquidity pools created frequently due to various events happening globally affecting prices significantly either positively or negatively adding more volatility into equation making markets vulnerable to risks yet rewarding for those who can capture such trends timely without getting caught up in FOMO induced scenarios often observed during such surging phases leading towards huge losses if proper risk management strategies aren’t adopted accordingly resulting into losses exceeding initial investments made initially causing massive dent portfolios leading towards complete wipeouts sometimes due lack knowledge regarding functioning of markets hence caution must be exercised whenever entering any trade regardless how sure one might feel about returns associated with particular investment decision taken eventually because nothing is certain unless results are obtained finally only then one can claim success otherwise its just gamble like other games involving luck element along with skill set required mastering art trading digital assets efficiently enough reap maximum benefits out them without getting stuck between multiple traps laid open everywhere these days when everyone seems attracted towards lucrative returns offered through speculative trades happening every now then across all kinds global financial markets including crypto sphere having already established itself firmly amidst traditional counterparts competing against each other trying outperform rest competition available readily luring traders & investors alike utilizing best strategies suited their needs requirements order maximize profits without worrying much about risks involved process eventually .

Conclusion

In conclusion, longer-term buyers can wait for a retracement into the $285-$292 zone while more risk-averse traders can wait for a positive reaction over three days before looking to buy and trade with the trend given current bull run witnessed recently despite few pullbacks experienced recently due profit booking activities triggered few occasions preventing prices from sustaining uptrend maintained throughout most part current year so far delivering remarkable returns so far allowing holders make good profits even after considering taxes applicable respective jurisdictions where incomes earned through such investments need reported timely adhering laws governing local tax regimes else hefty penalties imposed noncompliance rules laid down authorities concerned otherwise too thereby creating win win situation both parties involved trade leading towards mutually beneficial outcomes always desired end game whenever investing undertaken seriously mind following risk management protocols religiously order minimize downside associated trading activities generally speaking .

MATIC Prices Plunge: Is a Rebound in Sight?

• Polygon [MATIC] saw strong gains on the price charts in mid-February, but since then, the market has reversed and those gains have been wiped out.
• The active addresses metric and daily gas fees have both declined over the past two weeks, leading to a hit to MATIC’s revenue.
• The Futures market is also showing strong bearish sentiment with the Open Interest rising alongside falling prices and a negative funding rate.

Overview of Polygon [MATIC]

Polygon [MATIC] noted strong gains on the price charts in mid-February, a development which highlighted that sentiment was positive towards the asset at that time. However, since then, the market has turned and those gains have been fully wiped out.

Factors Affecting MATIC Prices

The active addresses metric has fallen since late January while daily gas fees have also declined over the past two weeks. This hit to the protocol’s revenue could explain some of the losses MATIC has seen on the charts. On H4, there is bearish favor in terms of market structure with MACD under zero line indicating downward momentum until recently when it formed a bullish crossover. There are two lower timeframe levels of resistance and support at $1.18 and $1.09 respectively. Furthermore, there is a fair value gap (white box) in the $1.01-$1.06 area on D1 chart which signals further drops towards $1 psychological level if broken below $1.09 mark for aggressive traders to short revisit to $1.15-$1.18 zone..

Bullish or Bearish?

A move above $1.25 would be required to flip bias to bullish while Realistic or not, here’s MATIC’s market cap in BTC’s terms shows bearish sentiment as well with Open Interest rising alongside falling prices and a negative funding rate before flipping positive again recently before press time 12 hours ago .

Conclusion

In conclusion, based on current metrics such as MACD crossovers , lower timeframe levels , fair value gaps and futures markets sentiments , polygon [MATIC] appears bearish for now unless it breaks above 1.25 mark for bullish reversal .

Disclaimer

The information presented does not constitute financial, investment, trading or other types of advice and is solely opinion of writer .

Japan Launches Open Metaverse with Web3 Tech: Cool Japan Initiative

• Major Japanese companies are coming together to build an open metaverse.
• The “Japan Metaverse Economic Zone” will use various technologies such as Gamification, FinTech, and ICT.
• Japan is attempting to incorporate Web3 technology into its national agenda with initiatives such as non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs).

Major Japanese Companies Collaborating on Open Metaverse

Major Japanese technology, manufacturing, and financial firms are collaborating to build the infrastructure for an open metaverse in order to advance the country’s Web3 strategy. On 27 February, IT services company Fujitsu announced in a press release that it was working with nine other companies including automobile manufacturer Mitsubishi and global bank Mizuho to develop Ryugukoku, an interoperable metaverse structure that will expand the „Japan Metaverse Economic Zone.“

Components of the Japan Metaverse Economic Zone

The press release mentioned that the metaverse alliance aims to help build the framework for corporations to tap into Web3 marketing, work reform, and consumer experience initiatives. Ryugukoku will function as a virtual world that connects users to various Web3 services developed by businesses and government agencies. Companies that have signed the agreement will integrate their respective technologies and services to create Ryugukoku according to its terms. These services include gamification, FinTech, information and communication technologies (ICT), Auto-Learning Avatars which collect user data in order to provide a personalized metaverse experience Pegasus World Kit which assists users in creating gamified metaverse experiences; Multi-Magic Passport which provides identification and payment methods; among others. The Japan Metaverse Economic Zone will eventually result from the interoperability of various metaverse services and platforms available worldwide.

Initiatives Supporting Japan’s Web 3 Strategy

Japan is attempting to incorporate Web3 technology into its national agenda. In February 2021 Prime Minister Fumio Kishia recognized that decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs) would support the government’s „Cool Japan“ strategy while in October 2022 he announced plans for digital transformation investments such as NFTs and within the Metaverse. In November 2022 Digital Ministry announced plans for establishing a decentralized autonomous organization (DAO) assisting government agencies in transitioning their operations towards blockchain based solutions.

Future Plans for Interoperable Metaverses

The platform may also provide this infrastructure outside of Japan in future plans mentioned in the agreement between these companies forming an alliance around Ryugukoku being built by Fujitsu . It is intended as part of these efforts from this group of major enterprises envisioned by prime minister Fumio Kishida’s vision of Cool Japan , expanding beyond local markets towards international ones through this interoperable metaverses .

Conclusion

This collaboration between multiple major Japanese companies signifies how seriously they take Prime Minister Fumio Kishida’s goal of incorporating web 3 technology into their national agenda through initiatives such as DAOs , NFTs , investing on digital transformation technologies , etc . Through these efforts they hope to develop an open environment facilitating greater economic exchange through providing accessibly interoperable virtual worlds making use of both existing cutting edge technologies as well as new ones created specifically for this purpose with auto learning avatars , pegasus world kit & multi magic passport among others .

Avalanche’s TVL and Market Dominance Soar as Price Increases 15%

• Avalanche had a successful week with growth in several metrics such as active addresses, market capitalization and transaction count.
• The coin’s Total Value Locked (TVL) metric went up by nearly 5% and its NFT ecosystem grew with the highest number of sales for Crabada.
• Avalanche’s price increased by 15% last week, however, its new monthly users declined in February.

Avalanche Records Uptick in Several Metrics

The past seven days were comfortable for Avalanche with growth across several aspects. As per AVAX Daily’s weekly highlights of the Avalanche ecosystem, AVAX’s daily active addresses increased by double digits last week, which indicated more activity on the network. Its market capitalization and transaction count also registered an uptick during this period. Additionally, the coin’s Total Value Locked (TVL) metric went up by nearly 5%.

Avalanche’s NFT Ecosystem Impacted Positively

AVAX’s performance in the Non-Fungible Token (NFT) space was also positive as Crabada dominated with the highest number of sales followed by OG ODIN and OG THOR. Santiment’s chart revealed that the overall NFT ecosystem grew as AVAX’s total NFT trade counts and trade volume in USD both spiked upwards.

Avalanche Performance on Social Front

On the social front too, Avalanche had a good showing with its mentions and social dominance rising over 30%. Influential projects like MUA_MUADAO and Glitterfinance remained active while influencers like luigidemeo and LibraryDefi gained traction during this time period.

Price Indicators Remain Bullish

Overall bullishness was observed in terms of prices as well; CoinMarketCap data showed that AVAX’s price increased by 15% last week while Binance funding rate remained towards the upper side indicating strong demand from derivatives market. Additionally, 1-week price volatility rose after a brief dip which kept investors sentiment positive.

Decline Observed In New Monthly Users

Despite all these positive developments, Dune’s data revealed that new monthly users registered a decline this February indicating lesser interest from new investors compared to previous weeks/months.

BTC Price Rally: Can Bitcoin Detach from Traditional Markets?

• Two CryptoQuant analysts have found that Bitcoin’s [BTC] price rally is contingent on its ability to detach from traditional financial markets.
• Pseudonymous analyst Grizzly assessed BTC’s 200-day moving average and its realized price and found a pattern in previous market bottoms.
• Another analyst Baro Virtual noted that a successful hold of the 365-day MA and overcoming resistance range could lead to solid bullish momentum for BTC, but this requires it to decouple from broader financial markets.

Analysts Find Bitcoin’s Price Rally Requires Decoupling from Traditional Markets

Two CryptoQuant analysts have found that Bitcoin’s [BTC] price rally is contingent on its ability to detach from traditional financial markets. Pseudonymous analyst Grizzly identified a pattern previously observed in market bottoms, characterized by the crossing or overlapping of the 200-day moving average and the realized price, as an indicator of long-term growth potential for BTC. Meanwhile, another analyst Baro Virtual noted that a successful hold of the 365-day MA and overcoming resistance range could lead to solid bullish momentum for BTC, but this requires it to decouple from broader financial markets.

Grizzly Assesses BTC’s 200 Day Moving Average

Pseudonymous analyst Grizzly assessed BTC’s 200-day moving average and its realized price, finding a pattern previously observed in market bottoms. This pattern suggests the formation of a long-term bottom, characterized by the crossing or overlapping of the 200-day moving average and the realized price, moving from the top to the bottom. According to Grizzly, if Bitcoin can detach itself from assets such as equities and act as a store of value in these times of high inflation, then it is likely for there to be sustained long-term upward trend following this pattern.

Baro Virtual Analyzes Net Unrealized Profit/Loss Ratio

Another analyst Baro Virtual considered BTC’s Net Unrealized Profit/Loss ratio (NUPL). He found that similar conditions were seen before when NUPL broke its 365 day moving average which ultimately led to strong bullish momentum being experienced by BTC at that time. However after encountering resistance at 0.15 – 025 level NUPL tested its 365 day MA which served as support . For any upward break to happen according Baro Virtual requires Bitcoin’s price has “decouple” itself from traditional macroeconomic indicators .

Federal Reserve Raises Interest Rates

On 1 February 2021 , Federal Reserve raised interest rates by 0.25 percentage point making it smallest rate adjustment since March 2020 . On news of this development both Bitcoin [BTC] & Ethereum [ETH] prices slipped slightly by 0.2 % & 0.3% respectively . It is clear evidence that despite some slight deviation due current market situation , overall cryptocurrency market still remains tightly linked with traditional macroeconomic indicators .

Conclusion

In conclusion , it appears if bitcoin wants sustain positive growth trajectory then there needs be decoupling between cryptocurrency & other traditional macroeconomic indicators for any lasting impact on prices . As we can see even slightest movements in interest rates can affect prices significantly so trading decisions should be made accordingly .

Avalanche’s Plan to Leverage Growth Through Subnets: A Closer Look

• Avalanche is leveraging growth through the use of subnets.
• The network is focusing on creating subnets to horizontally scale without network congestion.
• Avalanche has onboarded projects, launched an elastic subnet and encourages more network adoption through proof of stake validation.

Avalanche Leveraging Growth Through Subnets

Avalanche is pursuing growth while maintaining consistently healthy network performance by creating subnets as an avenue for horizontal scaling. This allows the network to grow without facing challenges such as network congestion. One of the developers revealed that the subnets run parallel to the mainnet and validators have to approve both mainnet and subnet transactions.

Subnet Projects Onboarded By Avalanche

Avalanche has been onboarding projects on its network through subnets, with the latest announcement ushering in a new decentralized exchange called Dexalot. Dexalot launched their Subnet this week, which is built with a dual-chain architecture. Furthermore, Avalanche announced it launched a new type of subnet called elastic subnets which feature proof of stake validation allowing token holders to act as validators and encouraging more network adoption.

Network Performance & Development Activity

Avalanche’s focus on growth is backed by healthy development activity which has been on an overall upward trajectory since the start of 2023. The recent meeting revealed that there have been increased efforts in development aimed at expanding the networks capabilities since then too.

Resistance To AVAX Encountered

Despite pushing forward with its plans for expansion, AVAX encounters resistance but sell pressure remains low thus far due to these efforts presumably going relatively unnoticed by investors and traders alike.

Conclusion

Overall, Avalanche’s plan to leverage growth through subnets appears promising so far with no signs of slowing down anytime soon – provided they can keep up their current levels of development activity and successfully onboard projects onto their platform in a safe manner – we may just see great success from them yet!

Terra Luna Classic (LUNC) Set to Rally 20%: PoS Mechanism & Supported Assets Attract Investors

• Terra Luna Classic (LUNC) has witnessed a steady rise in its value since the start of the year.
• Transactions on Terra 2.0 blockchain are validated through the proof-of-stake consensus mechanism.
• The competition among PoS blockchains is tough and the network has 130 validators working at a given point of time.

The Terra Luna Classic (LUNC) coin has been steadily increasing in value this year, currently trading at $0.0001755. It is consolidating within the previous support zone established in November 2022 and analysts are optimistic that it will rally higher in the weeks to come. This is a positive sign for the entire crypto market which has been recovering from the selling pressure of the past year.

The coin has been affected by the collapse of the Terra ecosystem in May 2020, as well as the collapse of the crypto exchange FTX in November 2020. The market capitalization of Terra Luna Classic has dropped from $1.5 billion to $1.0.4 billion since then. Despite this, the coin has still been able to show significant counter trend strength in recent days, leading to analysts predicting a 20% rally to challenge December’s monthly high.

Terra 2.0 blockchain is validated through a proof-of-stake (PoS) consensus mechanism. This is the same mechanism that the leading cryptocurrency, Ethereum, has transitioned to from the traditional proof-of-work. As such, the competition amongst PoS blockchains has become even tougher, with 130 validators working at a given point of time. In addition, the PoS mechanism makes Terra Luna Classic a very eco-friendly token, which is an attractive feature for investors.

As a stablecoin, Terra Luna Classic is intended to safeguard coin holders against the volatility of other cryptocurrencies, either being pegged to a fiat currency such as USD or to a supported asset. This makes it an attractive option for investors looking for a reliable cryptocurrency to invest in.

Overall, the future looks bright for Terra Luna Classic, with analysts predicting a 20% rally in the weeks to come. With its eco-friendly PoS mechanism and its ability to be pegged to a supported asset, the coin is likely to continue to rise in value in the near future.