December is starting off extremely quickly for cryptocurrency investors. We are moving towards critical days, both in terms of a dynamic period in terms of macroeconomics and in terms of important developments of altcoins. December usually hosts major upgrades. So what are the days left? REZ Coin burning and what do we need to know for Hayabusa?
Renzo (REZ) Burning
Following the burning in November, the team announced that REZ Coin burning would continue on the 5th of each month. Since altcoins have been severely damaged this year, we have seen many startups announce buyback and burn strategies. It is very positive that the protocols that generate income buy them back to return them to the community, feeding their treasuries.
The team announced its first burn on November 5, removing more than 114 million tokens from circulation. 12.7 million REZ Coin The team, which distributes rewards to ezREZ stakers, will remove the tokens purchased for burning in the last 4 weeks from circulation on Friday, December 5th. The good news that the second burning would take place on December 5 was given on November 13.
Although these burns do not produce major results in the short term, especially due to the general market sentiment, narrowing the circulating supply is beneficial for medium and long-term investors. If the markets are willing to rise for the December 10 interest rate cut, REZ Coin may also rise on Friday with the support of the news flow.
Important developments CryptoAppsy You can follow it from the news section of the application. It can make your job easier with both news summaries and instant access to details.
VET Coin Hayabusa Upgrade
Because it is one of Michael Poppe’s favorite altcoins VeChain (VET) We have seen analysts share a lot of early warnings regarding the Hayabusa upgrade. This upgrade is expected to be completed on Tuesday, December 2nd. The testnet release took place on November 4, and now Hayabusa is being launched on the mainnet.
The mainnet transition will end on December 9th, so validators must update the StarGate version between the protocol’s release deadline.
“StarGate is a key component of the Hayabusa phase within the broader VeChain Renaissance initiative. As VeChain’s next-generation staking platform, StarGate is designed to transform the way users participate in the VeChainThor network. Offering a new approach by using NFTs as staking collateral, StarGate creates a dynamic and transparent framework for delegation, reward distribution, and governance.” – VeChain
Hayabusa includes many radical innovations in the network in terms of NFT-based staking, VTHO rewards based on stake size, and governance. It is likely to have an impact on the price in the medium and long term, and depending on the general market sentiment, it is possible that this upgrade will also support the VET Coin price next week.
Trying to recover from the $0.01244 support VET Coin It has not yet been able to regain the key 0.01823 support, which turned into resistance. BTC, on the other hand, is stalling near $92,000 as it moves towards the daily close.
