Lunc Is Most Unprofitable Crypto Among Top 100 20 Eth Validators Slashed Xrp Surges 58percent In Week
Categories: Crypto News
Lunc Is MostUnprofitable Crypto Among Top 100, 20 Eth Validators Slashed, Xrp Surges 58% InWeek
LUNCis doomed as it becomes most unprofitable crypto among top 100
TerraClassic, or LUNC, demonstrated the lowest profitability among the top 100largest cryptocurrencies by market capitalization. During the course of theweek, the cryptocurrency lost close to 25% of its value, with the closing daysseeing the largest decline. The cause of the decrease was the disclosure ofinformation regarding the burning of LUNC on major cryptocurrency exchangeBinance, where the project may have the most liquidity. While many LUNC enthusiastshad expected an implementation of a token-burning tax when a transaction ismade with it on Binance, exchange head Changpeng Zhao denied such a decision.
20Ethereum validators slashed in three hours: reasons
TerenceTsao, seasoned Ethereum developer, tweeted that on Friday, Sept. 23, a total of20 validators were slashed in only three hours. Validators were penalized dueto attester equivocation issues. Even though the real causes of the issuesremain unclear as validator addresses and index deposit data are not published,Tsao suggested the possible reasons for the unusual slashing event. Accordingto him, it is highly likely that slashing was induced by duplicated set-ups anddoppelganger detection failure. Tsao also emphasized that the penalty for slashingand for being offline would be increased with every next upgrade that Ethereumon PoS undergoes.
XRPpumping for multiple reasons: major XRP army member
Over thepast week, the market saw XRP spiking by a staggering 58%. According to Twitteruser Ben Armstrong, investor and holder of XRP, ADA and ETH, there are multiplereasons for this long-expected rise, with the main one being the SEC giving uptrying to prove that the Ripple-affiliated token is a security. Last weekend,both the regulator and the fintech giant filed motions for summary judgment forJudge Torres to make a verdict in favor of one of the sides. Per Santiment dataaggregator, another reason for the recent XRP price increase is a surge inwhale XRP movement as staggering amounts of XRP were shifted by anonymousaddresses over the past week, with Ripple taking part in it too.
ShibaInu (SHIB) moving back to important price range: here's what's next
Shiba Inu,the famous meme token and Dogecoin rival, is now moving up despite the problematicprice performance it saw recently. To reach more significant price levels, thecanine coin needs to break the exponential 50-day moving average. After abreakout, SHIB would officially enter an uptrend and bring some profits back toinvestors. Unfortunately, the breakout would not put Shiba Inu back above the50% profitability level. SHIB would need to rise above the $0.00002 price levelin order to become profitable once again. However, even though the token'sprice performance is positive, its trading volume is still decreasing, which iswhy SHIB's volatility remains at an extremely low level. Such a tendency is anegative factor for a token that relies heavily on speculative attractiveness.