The post Terra Luna Regains Spot in Crypto Top 100, Will InQubeta Be Next? appeared on BitcoinEthereumNews.com.

Terra Luna recently made its way back into the list of the top 100 cryptocurrencies in terms of market capitalization. This is a significant achievement that highlights the project’s progress as it tries to regain its footing in the market following its May 2022 crash.  As Terra Luna re-enters the list, many investors and analysts alike are pondering the possibility of other coins making it into the top 100. Among the new DeFi projects and other cryptocurrencies on the rise that show potential is InQubeta ($QUBE). This article explores both of these projects. Terra Luna is Back in the Top 100 While sources differ on the position of Terra Luna in the top 100, it’s clear that the project has managed to bounce back from its catastrophic May 2022 crash. According to CoinMarketCap data on October 19, Terra Classic ($LUNC) is the 89th largest cryptocurrency in terms of market capitalization. The total market value of its circulating supply – which is almost at 5.8 trillion as of the said date – is around $319 million.  The efforts of the Terra Luna team are instrumental in this recovery. Their main goal has been reducing $LUNC’s supply to increase its altcoin price. To do this, they’ve decreased the block issuance rate – which means that new tokens are created and released more slowly – and imposed a burn tax. A recent development that has undoubtedly contributed to the coin’s re-emergence as a top crypto to buy is the burning of 76 billion $LUNC tokens. This accomplishment is part of the community’s ongoing efforts to rebuild the Terra ecosystem and establish $LUNC as a viable cryptocurrency. InQubeta ($QUBE): Pioneering AI Investment InQubeta ($QUBE), one of the new DeFi projects in 2023, is gaining significant attention in the AI investment landscape because it offers…

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Filed under: News - @ October 25, 2023 3:14 am