Best Coins to Buy Today 29 October – IMPT, USTC, RIA, KLAY, D2T

Major cryptocurrencies were trading in green early on October 29 as the global crypto market cap jumped over $1 trillion from $979.72 billion on the previous day. The overall volume in DeFi was $4.00 billion, accounting for 4% of the total 24-hour volume in the crypto market.

Timeline of , Klaytn, Terrausd

At the start of this month, Terra Classic community passed a proposal 5234 which aimed to reduce 1.2% tax burn to 0.2% tax burn. Today, the community passed yet another proposal 6082 which is now active on the Blockchain. This proposal was passed to sort out scammers on the network.

After a brief collective bullish run, the majority of the cryptocurrency market is back in the red, but the collapsed ‘stablecoin' TerraClassicUSD (USTC) continues to advance, positioning itself as the top gainer over the past 24 hours.

Klaytn (KLAY) price has increased by 110% since Oct. 21 and broke out from a descending resistance line in the process. The post Klaytn (KLAY) Price Skyrockets – Is $0.30 Forthcoming?

KLAY's price shows strength as the price holds strong above the key support zone to avoid price retesting lower point on the daily chart. KLAY rejected to trend higher above $0.3 as the price faced a sharp rejection to a region of key Support of $0.2.

Klaytn network's KLAY is up more than 30% to $0.2055, making it one of the best-performing digital assets this week, according to CryptoSlate data. The post Klaytn pumps after proposal to reduce block rewards passes appeared first on CryptoSlate.

An altcoin from the metaverse sector is skyrocketing following a new community proposal that will affect its tokenomics. Klaytn (KLAY) is a public enterprise blockchain focused on artists, non-fungible tokens (NFTs), gaming and entertainment.

The Klaytn (KLAY/USD) team published the 3Q Klaytn Ecosystem Update on October 23, 2022, where they went over the governance proposal for the Klaytn block reward production. This resulted in a boost in the value of the token, at 22%, alongside an increase to its overall trading volume by 570%.

Leading cryptocurrency exchange Binance has announced that Terra Classic' TerraClassicUSD ($USTC) to its list of borrowable assets, effectively making it an asset the exchange's millions of users can borrow to use in their trading activity.

Cryptocurrency traders have been anxious over the last 24 hours as the market reels from the Consumer Price Index data. During the past 24 hours, the overall cryptocurrency market has dropped by around 2% to $943 billion at the time of writing.

Terra's collapsed stablecoin TerraClassicUSD (USTC) emerged as the highest gainer among the top 100 cryptos. This sudden spike in USTC prices is baked by the recent announcement by the Terra Luna Classic core developer.