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?
I have been following it more closely over the last week as it has began getting more and more attention and apparently a lot is happening over the next few weeks which is driving the price up currently but not sure what it all means?
How realistic are the chances of it reaching $0.01 or $0.10 and how long will this take? Months or years?
I am not selling just yet but this is seeing the best returns I have had in crypto so far so may take out my investment soon and let the profit ride.
I want to believe you already know the history of terra luna classic, and what happened that made its price dip the way it did, however, I would normally suggest that investors researched the projects they intend to invest in however I believe a lot of investors had their money in the project before it crashed and I don't think they want to let it go just yet so with all that kind of support, we might continue to see Terra classic rise every now and then but predicting how long and to what price it will get to is a different thing. As you have mentioned, don't hesitate to take profit or Initial investment to avoid loss altogether.