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 think it will be very difficult for a project that is already involved in a legal case to have a better price in the future especially the price you would expect at $0.01-$0.01 looks like that price will never be reached for LUNC with the current issues because projects like this tend to be slowly abandoned by investors.
Don't expect for a bigger return with this project if you already made a small profit from it then just sell it and take a profit.