Crypto news of the week!
Here are the Top three news of the week in the crypto market that you can't miss🤤!
LUNA 2.0 Airdrop🛬
We are all aware of LUNA dropping to Zero and vanishing ⚡ from everywhere. Was a tough time 🥵 for everyone, we hear you guys. Guess what🤔, the guys at TERRA have come up with a proposal of LUNA 2.0, here’s the Link to the official tweet from TERRA.
WHAT IS TERRA 2.0?
So, TERRA 2.0 is going to have the deep dev 👨💻 pool and also it is going to retain the super pumped💪LUNAtic community which has contributed 🌱in the making of the TERRA Classic which is also the 2nd largest smart contract blockchain after the G.O.A.T 🐐 ETHereum. Wait, there’s more to add 😎, most of the projects like Astroport, Prism etc are also moving to the new chain. GG 🚀
HOW WILL THE TERRA LUNA 2.0 AIRDROP TOKEN DISTRIBUTION BE CALCULATED?
These new LUNA 2.0 tokens are going to be distributed using various criteria.
You can know more about the eligibility criteria in the tweet below:
Also, the Top three exchanges that support Luna 2.0 airdrop:
Binance
2. FTX
3.Huobi
Source: LUNA Airdrop Blog
STEPN Token Crashes 📉❗
A short while ago, we’d sent you newsletter saying 💸earn while you run 👟, remember? For the folks who don’t know what we are referring to, you gotta read this 👇
Okay, so the two popular twin tokens, STEPN (GMT) and Green Satoshi (GNT), crashed📉 after an announcement that said, the app would ban players from mainland China (yikes 😬) .
The official announcement made on Twitter 🐥 by STEPN was that :
“If users in mainland China are found, STEPN will stop providing GPS to their accounts at 24:00 on July 15, 2022 (UTC+8) according to the terms of use and IP location services.”
GMT had fell from $1.24 to $0.83 after the ban ❌ announcement but it managed to climb up the ladders 🚀 to $1.05 while GST dropped by more than 26% from $2.03 to $1.53 and gained traction to $1.86.
The folks at STEPN also have officially apologized 🙇♂️ for the inconvenience. Also, STEPN has not engaged 🎌 in any business in mainland China since its establishment and has not provided download channels.”
Here's the link to the official tweet by STEPN
ETH 2.0 How it will affect the price of Ethereum.
Truth 🎯 be told, Ethereum 2.0 is just around the corner and we are anticipating good times ahead 🍻 for the second largest crypto “THE ETH” ( Spelled eeeth😎)
In the crypto world, upgrades like these are gonna be more common than we imagine, and obviously 🤷♂️ that is going to affect the prices of the parent chain ⛓.
Ethereum’s 2.0 upgrades
Ethereum 2.0 (ETH2.0) is an upgrade 🆙 to the present Ethereum. The upgrade consists of several ''smaller’’ 🤏 updates that will be published during 2020 to 2022 (some already have been implemented). So, ETH2.0 is gonna improve the scalability ⚖, security 🔐, and sustainability 🤸♀️of Ethereum.
Now, let’s talk Money 💰!
The effect on the value of ETH.
Ethereum’s price doesn’t depend on a single factor ❗
For example, Ethereum's price tends to rise 🚀and fall 📉 at the same time or just after Bitcoin does, but wait, don’t judge ETH.
Upcoming upgrades 💹tend to have a positive✨effect on the price of ETH. So, let’s wait n’ watch if ETH is gonna stay and be the G.O.A.T 🐐.
So, these were some of the three most important news of the week that passed by. This is something new that we are experimenting on, so stay tuned and keep supporting :).
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