Altcoin News by Thebittimes.Com

Lucky Block, a major NFT competition and gaming platform, is in the news again following yet another token burn program. With the reduced circulating supply and a new community initiative, the platform’s token is set for another pump.   1% of LBLOCK Burned Earlier today, Lucky Block’s developers announced that they had completed another round of token burns. Per the announcement, 1% of the total LBLOCK tokens in circulation have been burned.   At the time of the transaction, 1 billion LBLOCK tokens worth $206,000 were burned. The entire transaction had a fee of just $0.13.  This token burn is part of a mechanism to promote a healthy tokenomic model for LBLOCK. Several prominent digital assets, including Shiba Inu (SHIB) and Terra Luna Classic (LUNC), have initiated token burns to foster deflationary models. As the laws of economics dictate, a digital asset becomes more valuable when it gets scarcer.  LBLOCK Price Movement...

XRP appears set to break the $0.50 resistance point. However, while the token appears to consolidate, three digital assets available on presale look set to deliver massive gains.  Broader Market Pressure Makes XRP Outlook Bleak The broader economy has been the biggest indicator of the crypto market’s direction. Inflation fears have rocked several of the world’s top economies, and policymakers have scrambled to make changes to accommodate them.  After the United States Federal Reserve reported a 0.4% month-on-month rise in the consumer price index (CPI), there have been fears that it could increase interest rates once more when the Federal Open Market Committee (FOMC) arrives in November.  So far, analysts still expect the Fed to increase interest rates by at least 75 basis points in November. If this happens, investors will find it more challenging to borrow money, and markets will be affected. XRP is one of the most valuable coins in the ...