LUNA Classic Mass Burns Spikes $LUNC Price, While Terra (LUNA) and Bitgert (BRISE) Coins Remains Stable

Terra (LUNA) and LUNA Classic (LUNC) coins’ prices have been impressive today and even for the past few days. This is compared to the overall price performance and how the big coins are doing in the market. However, Terra (LUNA) is trailing LUNA Classic (LUNC) performance in the past 24 hours as of writing. Bitgert (BRISE) is doing well.

The LUNA Classic (LUNC) price performance has been doing well because of the recent burning. The Terra Classic community burned 16 million LUNC tokens this week, which is an increase from the last week’s 12 million.

The burn has triggered an upsurge in the number of investors buying the coin and the demand for the LUNA Classic (LUNC). That’s why the price for the coin has been surging, and we are likely to see the price for this coin increase even further as more burns are executed next week. As far, over 37 billion LUNA Classic (LUNC) tokens have burned.

The Terra (LUNA) community is also burning, but the rate is quite lower than what $LUNC has been posting. However, Bitgert coin is also posting one of the biggest burns, only that its approach is different from the Terra coins.

Bitgert Burn Automated and Adoption Is Keeping The Coin Stable

Looking at the Bitgert price performance for the past few months, the coin has done better than LUNA Classic and Terra (LUNA). In fact, looking at the Bitgert price growth, it has been very consistent growth. This is because Bitgert has executed an automated burning, where 5% of every transaction goes to the buyback contract.

However, today’s Bitgert stable price performance is also due to the growing adoption of Brise products and projects. In fact, the recent products that the Brise team just launched have been massively adopted. A good example is the growing adoption of the Bitgert exchange, especially after the android version went live on Playstore.

Bitgert Paybrise is also posting impressive adoption stats. There are also many products that launched in early 2022, like the Brise BRC20 blockchain, which is still driving the adoption of the Bitgert coin.

Final Thought

Bitgert price performance will remains stable for a long time even when the market is crashing. This is because unlike the Terra (LUNA) and LUNA Classic coins that rely on burning, Bitgert still has disruptive products growing the coin adoption. That’s what makes $BRISE an ideal buy today.

The post LUNA Classic Mass Burns Spikes $LUNC Price, While Terra (LUNA) and Bitgert (BRISE) Coins Remains Stable appeared first on Analytics Insight.

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