what is going on Lunatic Fringe crypto be crazy dog let's talk about what's going on in the Luna classic realm we've got two days before terraform Labs would be forced to absolutely annihilate a significant portion of their Holdings uh of teruna classic and USC I say a significant portion all of it has to be gone by October 30th now we haven't seen very much happening in the way of these Burns over the last couple of days it seems like they're waiting until the last moment or the last minute which is a little bit peculiar in my opinion it seems like this is something that we should be really kind of just go ahead and do it get it done with don't wait for the last minute or anything like that like why would you do that that's an example of laziness and I don't think that's a testament to terraform Labs so now I'm a little bit concerned about what could be happening here however I do want to say that I think that this is your chance to do your last possible accumulation of and really the one that I think is going to be the one that that that runs the most USC at this point in the short term I would think that if you remember we'll we'll we'll look at it on the price chart but I'm going to give you an estimate here of what I think is going to happen in the next couple of days and then uh you can decide for yourself whether or not that's something that you want to put some risk on uh you are your own investor I'm not your financial adviser I'm just a guy out here on Luna classic telling you what I I think so uh that being said let's kick it off if you like this type of content make sure you hit the like button on your way in okay so proposal number one has passed and that was it was 12142 or something like that uh developer orbit lab's proposal to remove forked Mainline modules from the teruna classic blockchain has received massive approval from voters went over Almost 100% uh in fact it was 99. 97 so um this means that fork modules will be removed now once the fork modules are removed then that would mean that the Luna classic chain would be in full compliance with Cosmos so every time there's an update for Cosmos then you can just add it into the Luna classic chain uh so the cosmos SDK is no longer needing special programming which would uh allow for us to use funds for something different so I think that's a pretty good thing so far that is if that's how it's going to work now by removing the forked Mainline modules this is the statement that was made we aim to position ter classic for long-term sustainability and growth within the cosmos ecosystem we believe this approach balances the need for improvement with prudent risk management and Community involvement we welcome feedback and discussion from the teror classic community on this proposal also by diverging from the mainline Cosmos SDK and related modules teror classic risks falling behind in adopting key enhancements and new features developed by the broader Cosmos community so we're simplifying the process that we're doing here this can limit Terra classics competitiveness and make it more difficult to integrate and here's the idea you want to make teruna classic as easy as any other blockchain for a developer to just ease their way in also and this is really important if you have a d built on say crow or some other chain then it would be important to be able to just as a developer to just move it into each and every one of the cosmos chains by removing Fork modules then you're reducing the level of programming and knowledge needed from these people to make adjustments into each ecosystem thus creating the potential for a much better more robust set of options for daps for the Luna classic chain this creates more opportunity for developers to step in easily and create their project or transfer their project onto our chain so we're clear on that good this is actually a pretty decent move now as far as uh discussion are going right now really the discussion here is development of a burning interface and reward mechanism for USC seems to be a lot of Focus right now and then adjusting burn tax distribution to incentivize staking now nothing has come up for proposal except there is one proposal that just popped up and that was to implement a simplified tax handling on tarot Classic this proposal seeks approval to deploy the reverse charge mechanism now if you're not familiar reverse charge this is from Strath Cole happy caddy crypto with the idea behind this being that this would be the tax to gas implementation only on a different level now um it looks like it's going to just bang out immediately so let's talk a little bit about what it is this will be automatic tax deduction tax by default is deducted from the scent amount removing the need for the senders to make sure to send enough fees uh it would be backwards compatible daps can still choose to allow the sender to cover the tax on normal fund transfers if desired ensuring full backward compa ability with existing system contract interaction in case inaps continue to send the to let the sender pay tax when interacting with contracts These funds are automatically refunded to ensure a consistent and fair taxation process elimination of double taxation tax to Gat obsolesence the solution replaces the need for the tax to gas replaces the need for the tax to gas approach resolving the concerns and complexities associated with that model uh then existing white listing mechanisms remain intact for binance wallet it is desired to implement a more fine grain Whit listing feature under government proposal via tax zes in a future update the proposed implementation of tax handling is fully compatible with that and then wallets like Kepler station and others are expected to continue to work without changes local tests emulating the process used by these wallets have shown no issues now for those of you that are are wondering I put a video out on Saturday if you're wondering about wallet compatibility or anything like that I'm using the Kepler wallet going forward now that does not mean that I'm not still using the station wallet but I have Kepler set up as a back up all you have to do if you are concerned about station is because at some point if there's nobody supporting station then it is really a zombie wallet and will just disappear over time because the functionality at some point will break because it's not supported so if that is the case then take your 24 uh word seed phrase and implement it or import it into Kepler now you can also do that into metamask I'm told or into the leap wallet there's plenty of different wallets I chose Kepler so I'm going to use Kepler for now I like metam mask I don't have any problem with metam mask but that I I would prefer to use something that's more Cosmos oriented and I think Kepler represents that opportunity so um that's going to be my wallet you decide which one is for you do what you got to do brw all right now that that's out of the way let's talk meme coins and as you can see around here we got cat with hat down about 11% on the day looking at the value still 116 so it's still doing pretty well boy still over 100 jur Fallen under 100 had a little bit of a selloff last night not huge but you know 10% is still 10% uh food uh as well kind of just just kind of sitting there in a good position and uh you know the big one right here to me right right now not a mem coin but USC I do want to stress I do think it's going to blow up so uh Garuda X sitting around 41 so um let's break down price Action Now year ago the valuation of cryptonomos $3. 7 billion according to the British government today that value 6.
1 billion this company has managed to raise $2. 4 billion in capital over the last 365 days if you're looking for a place to get information about investment opportunities then cryptonomics are the place over here this is the quarter uh this is the quarter third quarter uh marketing overview this is Ben Armstrong has predicted xrp p eth in market capitalization these are news articles that are constantly giving you the information that you need additionally there's an update Channel and it's giving you Market structure playouts it's giving you Market updates on each major country and indices that there are out there right now to give you an idea of what is going on in the market so that you can get an idea of what it looks like broadly and how these governments are working big news articles whatever you need cryptonomicon does cryptonomos lift Capital Jake Gordon all writing articles for cryptonomos got thorchain state of nym and we got ronin's web 3 gaming Empire guys if you need information about this crazy crypto market then by all means you need to go to economy. in resarch but none of that matters unless you are using cryptomined way that it's meant to be used by setting up fixed staking so that you can earn some significant yields let's set up a deposit today today we're dropping 3 eth into a 9month contract all right we've created that but the biggest move into all of it is the launch pool guys I cannot stress enough they've had 57x average return so far in their Investments if you just create a deposit I've got a potential for up to 5x with a 50/50 profit sharing from the launch pole we're going to create this contract now for $20,000 and there we have it the anticipated profit between 1 and 5x when this thing is completed and it will complete in October of 2025 just in time to cash out for the bull market so what are you waiting for sign up for autonomy.
finance today all right so uh still in the channel we've not broken out of this channel I'm using for that purpose there I was using um weekly but you know let's look at this right here you can see we bounced off of the 50 up into the 200 and now it seems like we had a little bit of a rejection off of the 200 but it's getting bought back up and we're down on the day but we were spiking for a nice little move right so I think the move will continue I think we're actually in a positive phase right now and any little burn something like that that we see over the next day or two for terraform Labs going to send this thing into orbit in my opinion so I think that we're right now at what you would call an inflection point also I do want to point out I started to put the macd back down here so that you could see where the flow of money is going and the flow in red has turned into pink meaning that most likely the money flow is coming back to the positive does that mean it's in the positive no but it means that you know you can make a reasonable estimation at this point that money flow is about to come back in because normally you see that happen and you see this upward Mobility right here and that usually is a spike in price so uh I would suspect that we're probably going to see that now let me also point out sometimes here you can see there's there sometimes there's a pink going back to red pink going back to red stuff like that doesn't mean that we're out of the quote unquote woods yet I don't think that the Bull Run really kicks off until January and I mean that for altcoin so I think we still have you know another month and a half at least of accumulation before uh we really really really start to kick it off big time so uh just bear that in mind and uh let's keep going here uh I do think that again the spike is going to be up into this range and we're going to top out at the top of this that's not by the way it's not a huge move but it is a good move okay so from here to here talk about 32% increase yeah again not huge but you know I'll take that any day that's a a good gain that gives us impetus that gives people motivation that makes people say hey I wonder what's going on over here and by the way when you look at it right there your volume node just kind of sitting right in that 11 range 30 11 then all the way up into that 302 with your breakout zone right there at 3016 uh being the other tiny portion of the volume node but that gives us that impetus to break through this right here which by the way we should point out this is about the level of prohibitive resistance that you're looking at at that range before you get up into this spot right here so um you know what we're going to see is going to be a a big time move uh I'm pretty confident in this at this point so that's what I think is happening but we're kind of looking at USC right now and look if we were to just cons consider just consider right here we got 1. 8 billion and we got 290 million these are Big Time wallets right here and they're about to burn all of those now more I think about it the more I think that that might be included and cooked into this little mix right here for burns so I'm not sure whether or not we're going to get a spike but the fact that we see those disappearing and the fact that we see uh maybe we see the total Supply reduce or something like that it's going to be it's going to put things on people's Radars okay and people are going to want to enter their position and they're going to want to get in early because they're seeing something happening right here so it is my estimation that we are in for what I've been telling you for a while which is this Spike up to this range and guys I want to stress here I think in my opinion I'm not not an expert but I think this might be an easy 3x I it is my opinion that this is an easy 3x from from where we are right now at least okay now I I don't know that it will happen it is my guess okay but I think that I'm right I think that what we're going to see is a really big because of that big burn because we're looking at you know 1. 8 billion and 290 million because we're looking at all of that I think that it's important to recognize and by the way um it is possible that lfg was already removed from that mix but even 290 million off of terraform ABS was probably not so this could be a great opportunity and going back over here we had a better sense here uh we've got total USC burn 3.
14 billion we've got burned on chain 2. 62 billion and then we've got in the burn wallet 5. 12 million so you know maybe just maybe uh this is going to spark some kind of real enthusiastic move right here speaking of real en enthusiastic moves however 22.
