Quote from: albon on September 07, 2022, 09:34:58 PM

Quote from: JamesDaniel90 on September 05, 2022, 11:21:33 PM

I am fairly new to crypto and in July I took a gamble on terra luna classic when it was 0.00009 and it is now pumping. Can someone explain why this is and what the chances of it lasting are?

How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?

What led to this big pump in the price of the Lunc coin is the burning that took place after updating the coin, which led to a decrease in the quantity supplied of the coin, and within a few days the price of the Luna pumped by more than 120 percent, and this indicates the interest of investors in the Lunc coin, and I see that there is a great opportunity to make a profit from holding this coin in the long term, after staking the Lunc coin and after burning more of the total supply of the coin, but my advice is that investing this coin involves risks, so I advise you not to put a large capital in it.

Burning is what led to Lunac's recent pump, but that doesn't mean it will attract investors back. Maybe the people who are investing in Lunac are just speculating on it and they will dump when they make a profit. With a drop of several thousand times before and only a 120% increase, there is no saying that the terra team is working hard to bring the project back, which sounds like a short-term hype.

Investing in Lunac can be said to be as risky as a meme, so you should consider before investing. A project that once collapsed, leaving thousands of people in dire straits. There is no reason to trust them again.