Transcription
The biggest question right now for Teruna Classic is how do we burn enough tokens to make it worthwhile? That's the big question. The only answer to that in my opinion is the market module, or is it? Let's talk about what's going on right now and let's see if there's anything that we can do. Is there anything that's going on right now? It's going to create some kind of burn that would have the supply that we currently have. Just to give you an idea, by the way, we're trading at 4038 right now. If we had half the amount of uh Luna Classic that's in circulation right now, then the price would double to 70 uh 4077. There is a path forward here, but we've got to find it. So, make sure you hit that like button on the way in and let's see what's going on.
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All right, guys. Not a lot of burning going on. 164 million. That's the biggest problem right now. But the price action is also not really lighting the world on fire. Now I'm going to give you what I think is going to happen here. I'm going to zoom out so that you can see it so that you can understand what I'm talking about. Now in crypto, we are attracted to volume. Eventually, we will go to the volume node. Okay. Currently, that volume node is sitting somewhere in that 406 to 4068 sort of range that I told you that's where we're going to end up. That's where it's comfortable right now. What we've seen is an absolute crazy liquidity extraction from all of the market. Um, and it's killed, by the way, 13 million cryptos. There are 13 million dead cryptos now. Uh, where before we had like a thousand or 2,000. Absolutely. It's a crazy number. Um, but the other range right there at 409. So, these are the ranges that I'm watching right now for upward mobility and upward movement. And right now, this is just not the time because we haven't seen something grand happen. And by grand, I mean something like the Clarity Act in the United States. We haven't seen it happen. When we see that happen, things are going to get crazy. But until we see that, we're not going to see things get absolutely crazy. It's a simple, it's the simple economics of what we're doing. So hopefully we'll see something happen right there. Also, volume back down to 12 million. Volume on UST down to 3.8 million.
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Folks, the best trading indicator that I know of right now is Crusader Signals. It gives you all you need to know about what's going to happen in the market next. And in fact, as it applies to Terra Luna Classic, all it's doing right now is giving you buy signals. That last pump that we got, that enormous one that was caused when Ian went on stage with his Terra Luna Classic shirt, all of that pump right there, it didn't even give a sell signal. That's the level of confidence it has in Teruna Classic right now. If you are interested, you should certainly go uh check out Crusader Signals Indicator in the description down below. Uh it is a paid model, but it is worth every penny of it. All you have to do is have the strength to just buy and buy and buy and let the chart do the rest. It's not financial advice, but I'm always right.
All right, so now there's three articles to talk about in the Agora right now. Uh first one is reducing the Teruna Classic max supply from infinity to a fixed cap such as 6.4747 trillion. So there's going to be some proposal and conversation about that coming up over the next couple days. Could be a good catalyst. Validator proof proposal to save the oracle pool and get on-chain usage back. By the way, I'm going to suggest you guys read this or we'll read this over the next couple of days. Kind of figure out what we think of these. And then finally, a governance observability dapp and developer integration for Teruna Classic. Now, when you look at this, this one's um this one's been sitting here for just a short period of time. Uh it's been going through it. Uh there's a lot of We're going to have to go through this and try to figure out uh what we think of it. Strathcole said this is not needing a proposal. It is a description of a dapp not related to the chain itself. So just create the dapp. Problem solved. Just finish it. It needs integration into wallets which can only be done by their owners. So you know um I don't think this is something that can happen but it it's something uh that maybe we can consider. I I you know um again it doesn't need a proposal so I'm I'm not sure why it's up for that that discussion or anything like that. So uh those are the discussions that are going on right now. Now you're up to date. Now you know exactly what's going on in Teruna Classic. This is not financial advice, but I'm always.