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.
for Luna classic (LUNC) it looks like the pump this time is not a pump by chance. but there is indeed good news in the LUNC community. because as we know that the LUNC coin has been held by the community. so it depends on the community itself. but so far the event burn tax has been approved by many exchanges. if you want to know more you can read the news on CMC. for 0.1 I guess it will take years. because seeing the supply in circulation is so large that it is impossible to implement in the near future.
Well, I hope it has given a chance, and also the Luna community will still be able to trust them otherwise, we expect nothing from this pump but a chance to scam investors. Even though the project will remain supported by the investors, still I have doubts that it will even rally more and yes, that seems impossible to reach that price knowing its total market cap... We only just hope but, of course, we don't expect more from this project.