Terra Classic Up 1.2% Backed By Binance: Does LUNC Have a Future? Will Ethereum & Big Eyes Coin Lead The Crypto Market?

Terra Luna Classic (LUNC) has been fighting tooth and nail to return its blockchain to glory days before the Terra ecosystem collapsed in May 2022. Terra was at the forefront of bringing stablecoins to cryptocurrency. Now, one of the world's leading crypto exchanges, Binance (BNB), is helping to revive Terra Classic and its LUNC stablecoin by supporting Terra Classic's network upgrade.

Does Binance have what it takes to lead the charge for the Terra Classic stablecoins, or Ethereum (ETH) and the new meme coin? Big Eyed Coin (BIG) Holding the torch for the next generation of stablecoins to lead the cryptocurrency market?

Binance's unstable future

Binance, one of the leading cryptocurrency exchanges that allows you to trade more than 360 cryptocurrencies including BTC, DOGE, and LTC, is facing an uncertain future due to regulatory pressures. The CFTC filed a lawsuit against Binance in March 2023. Meanwhile, Australia's first and oldest bank, Westpac, banned Binance from its payment services.

As a result, Binance's support for various cryptocurrencies, including LUNC, has become a topic of discussion. While the backing from Binance may provide a boost to LUNC's visibility and trading volume, it remains to be seen how regulatory challenges will affect the exchange and its associated blockchains and tokens.

Ethereum Network Upgrade Will Boost Trading Volume

Founded in 2015 by Vitalik Buterin, Ethereum remains the leading blockchain network despite falling behind technology trends with modern blockchain networks. However, Ethereum is quickly catching up by transitioning to Ethereum 2.0, with the implementation of the Proof-of-Stake (PoS) consensus mechanism.

The update will improve scalability, security, and efficiency. This update is expected to attract more users and developers to the Ethereum ecosystem, leading to increased trading activity and liquidity for Ethereum-based tokens.

Big Eyes Coin plans for 24-hour trading volume

An Ethereum-based token pool to benefit from the Ethereum upgrade is Big Eyed Coin (BIG), using their meme power of cat memes and cheesy art to spread far and wide on the internet. BIG wants to pave a Web 3.0 home with the BIG theme and its fun designs woven into transactions, browsing, socializing, shopping, gaming and more.

A key selling point for BIG is its fully decentralized property, where 80% of BIG tokens will be available to the community on launch day. The community will have full control over the direction of BIG, including the selection of charities to donate to with the BIG Charity Wallet.

BIG has big plans to create 24-hour trading volume for BIG to increase the value of the token. A BIG casino will launch on August 29, 2023, with over 4,000 casino games and numerous P2E games. There are plenty of fun ways for the community to win BIG, which they can spend on a creative variety of digital assets on the NFT marketplace. NFTs can be shared and showcased at NFT Sushi Crew, where the community comes together in this virtual space.

Conclusion: Ethereum and Big Eyes plans to bring inherent value to cryptocurrencies

In the race for dominance in the crypto future, the ability to deliver inherent value becomes crucial. While Terra Luna Classic may have seen a recent increase in value, its long-term sustainability and viability will depend on factors such as adoption, utility, and community support.

Ethereum, with its upcoming upgrade, seeks to address scalability issues and cement its position as a leading blockchain platform. Additionally, Big Eyes Coin's focus on liquidity and trading volume reflects its commitment to creating a thriving ecosystem for traders and investors.