Australia Overtakes El Salvador in Crypto ATM Rankings

• Australia now has more crypto ATMs than El Salvador, overtaking the country where Bitcoin is legal tender.
• The US, Canada, and Spain are the top 3 countries by the number of installed crypto ATMs, with most of Australia’s located in Melbourne, Sydney, and Brisbane.
• El Salvador’s decision to make Bitcoin legal tender in 2021 has been heavily criticized, and reports indicate that their ATM booths are „empty“ less than a year after their launch.

As the cryptocurrency market continues to expand, the number of crypto ATM machines around the world is booming. Recent data from Coinatmradar.com suggests that Australia has now taken the lead in terms of total number of crypto ATMs, overtaking El Salvador, the country where Bitcoin (BTC) is legal tender.

The US, Canada, and Spain still take the top three spots, with 33,950, 2,649, and 273 locations, respectively. Australia is in fourth place with 225 machines, spread across Melbourne (65), Sydney (48), and Brisbane (33). Poland is close behind with 222 locations, most of them in Warsaw (67) and Kraków (42). El Salvador is currently in sixth place with 212 reported locations, mostly in San Salvador (28) and Santa Tecla (25).

El Salvador’s decision to make Bitcoin legal tender in 2021 has been met with significant criticism both domestically and abroad. In an effort to promote bitcoin adoption, the government decided to install around 200 ATMs throughout the country. However, since then, Spain, Australia, and Poland have all overtaken El Salvador in the number of crypto ATMs.

Furthermore, reports of “empty” bitcoin ATM booths have surfaced less than a year after their launch, suggesting that the country may have overestimated its impact on the crypto market. It remains to be seen if El Salvador will be able to reclaim its spot in the crypto ATM rankings.

Overall, the rise in crypto ATMs around the world is a clear sign of the increasing popularity of cryptocurrency. With more and more people looking to invest in digital assets, it’s likely that the number of crypto ATMs will continue to grow. This could prove to be a major step forward in the process of crypto adoption, as it will make it easier for people to access and purchase digital assets.


LUNC Price Soars 5% on Task Force Proposal, Binance Listing

• The Terra Luna Classic (LUNC) price has jumped by over 5% in the past 24 hours.
• The surge was caused by a proposal to build a task force aimed at boosting its growth, as well as potential whale buying.
• The recent introduction of an on-chain tax burn and Binance listing signal further potential gains in 2023.

The Terra Luna Classic (LUNC) price has been on a streak lately, jumping by over 5% in the past 24 hours and reaching a high of $0.00016077. This marks a 0.5% drop in a week but a 23% gain in a fortnight, with the altcoin down by 7% in a month. Today’s surge was largely caused by the acceptance of a proposal to build a task force aimed at boosting its growth, although it’s also likely that whales have been buying the coin after a dip.

The Terra Luna Classic community has been increasing its efforts to support the coin’s ecosystem and reduce its supply, and this could be a major driving force behind its continued growth. In early September, a 1.2% on-chain tax burn was introduced, giving an immediate boost to LUNC’s price and causing many to speculate that its supply would steadily decline over time. That same month, Binance announced that it would be listing LUNC, further increasing its visibility and strengthening its prospects as an investment.

The LUNC chart also shows a lot of potential for further gains. Its relative strength index (purple) has risen above 70 in recent hours, indicating growing momentum, while its 30-day moving average (red) has overtaken its 200-day average (blue), forming a ‘golden cross’ that could signal further bullish activity.

If the Terra Luna Classic community can continue to bolster its ecosystem and reduce its supply, there’s a good chance that the coin could keep on its upward trajectory. With Binance’s listing and the tax burn both helping to drive demand and reduce the coin’s supply, the future of LUNC looks increasingly bright.