Let’s get straight into it. So, one thing I want to point out to you is we are seeing even though the crypto prices today. They’re a little bit down in the red today. You can see the crypto bubbles chart right there. We are seeing some long-term bullish signs right here, so check this out the university of Tokyo to offer courses in the Metaverse. So, the project has been launched to address the lack of skilled personnel working on rapidly evolving technologies in Japan.
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The metaverse has massive potential, we’re gonna be talking about a metaverse and Luna classic soon. But, this is really nice, so we are seeing the University of Tokyo getting on board with the metaverse. We already know the metaverse has potentially billions of dollars of potential in the future. It’s a long-term play. We cover a lot of exciting metaverse coins on the channel. But I just thought that was some nice bullish news to talk about in today’s market. We also have this update from the CEO of Binance. He says right here Elon Musk selling or buying bitcoin doesn’t mean much and you may know that Elon Musk did sell 75 of his bitcoin holdings. But, she’s out of binance and says this is basically a nothing burger and that sees out of binance actually says. He has no fiat. He’s all in crypto and he speaks for me. I don’t have dollars – everything I have is in cryptos, so when I need to spend money. I need to spend some parts of it somewhere for me.
I’m all in cryptos. I don’t have to think about selling crypto. Crypto is my money, so that is a really cool mindset to have in the crypto space. So, maybe, potentially, we never have to cash out to fiat that’s exactly what CZ of Binance is doing right there with his cryptocurrencies. He’s also said right here the 2000.com bubble burst didn’t kill the internet on the contrary. It gave the surviving companies a huge advantage, so the internet basically changed the way the world worked. Cryptocurrency is going to do the same thing in my opinion and the dot-com bubble didn’t kill off the internet. It made the internet stronger and at the end of this even though. We’re going through some volatile times in the crypto space. They’re going to be some good winners at the end of this.
Let’s talk about the big luna classic news updates that are happening right now. So, you can see an update out of the discord right here and potentially we may get this 1.2 burn in the next couple of days. I think the release should be ready within a week, maybe even before then. That was a couple of days ago and he says right here. I did a test yesterday on rebel one via main, so at the moment i’m just waiting for the other test confirmations to come in from the other team members. We also have this update here from Ek826 and he says right here we are now in the process of gathering independent reviews from members outside of our community as well as security auditing firms. I just want to pause, that is super important. There’s exploits, there’s bad things that happen in crypto all the time. I think it is definitely important that these slow it down.
If they need to and I get that extra security checked because we don’t want any exploits happening in the Luna classic ecosystem. They also said here: we are also gathering suggestions from the community and validators on the agora forums and other discord telegram channels. So, I think the development of this is coming along swimmingly and it’s just a matter of time. So, I don’t think it’s going to be a long wait. But, they are doing the right things and they do have the right mindset about the security and what else are we seeing with luna classic. So, you already know this is a massive crypto. It’s got a lot of community focus.
I want to point out to you that we are seeing other cryptos kind of helping out Luna classics. They know luna Classics has a big community and they want to help out the community. Have a look at this one. Luna classic has been added as a default token BNB chain and polygon on the paybolt crypto app, You can now deposit, transfer and spend your Luna classic today, so again shout out to the paybolt team, We’ve had them on the channel before. But, what are they doing? They’re helping out luna classics, so a special shout out goes out to paybolt adding some extra utility adding some extra access for lunar classic holders out there. Check this out as well. We have another crypto, we’ve had on the channel they are helping out Luna Classic potentially as well. So, it says right here I hope you guys are hearing the news that the wi-fi official tokenomics focus centralized exchange launches on july the 25th which is today. It will list luna classic with a 1.2 percent tax on buy sell to help the burn process weakly collect attacks to be used for burn of luna classic. So, I want to give a shout out to wi-fi officials about another crypto.
We’ve had on the channel these guys seem to be going very well. So, kudos to them today for them helping out to burn up luna classic and other cryptos right here. So, we have this one that was spoken about a little while ago.But, again, it’s a metaverse cryptocurrency starship. They’ve accepted luna classic as a utility token within the starship universe. So, another metaverse getting built out of luna classic being the centerpiece of that and that is pretty cool. So, this is very exciting to see and again what we are seeing is a lot of development, a lot of involvement of luna classic from different cryptos and we do have a big community. I do. I am seeing this as all bullish and now big news and you can see right here where are we up to with the 1.3 billion burn currently in the market. But, we also know at the same time what’s really going to accelerate that outgrowth of the ecosystem getting the 1.2 percent burn online. Then we need to get that seat at the table with the CEO of Binance CZ. That, in my opinion, is what can help out the luna classic price significantly. It can help out the luna classic burn significantly and if we can get this up into the trillions.
That is going to be extremely exciting and if we do take a look at the Luna classic price, where are we up to and how is this impacted by some macro factors. I’m seeing in the market right now. You can see this is the price of luna classic. We’ve recently seen a bit of a moon mission from around late June. It actually climbed up quite high. It went up to around the 1700 level. It did Peter off a little bit people probably taking profits but at the same time. We have been hit with a little bit of volatility in the crypto space the bitcoin price. Currently it’s kind of trading around. We’ll call it the 1000 level right now, so roughly high 900s uh 1000 right there.
This article is a transcription of a video made by Crypto ZEUS
Original video: https://youtu.be/j6Vyq2dHRmo