the survival: LUNC
Starting from the fact that I am very disappointed in myself. I was blind by the FOMO. This stupid shit. And I did something we MUST NOT DO: do not buy on hype. Buy on reversal. Sell on hype. BUY ON REVERSAL. SELL ON HYPE. BUY ON REVERSAL. SELL ON HYPE.
This is the fucking rule with cryptos, especially with meme coins.
So, now that we are aware and more conscious, what’s going on here and what’s luna? why did I choose this asset?
Luna is the ex Terra Luna. Remember it? The one collapsed in May 2022 due to a technical problem on the blockchain that did not peg anymore their stable coin namely, USTC with the US dollar. Once the pegged 1:1 with the dollar was lost, the whole ecosystem dropped. But TERRA has also a few points that make it outstanding from other cryptos. First, is the community approach. The TERRA blockchain is very community, kind of the opposite of XRP which is a federal consensus. They community leading the Terra Labs worked for two years to restore and solve the issue behind the first collapse, and they created LUNC, namely, Luna Classic. Technically is just a fork of the previous blockchain. Practically they have assessed the speedy and safety of the transaction, keeping a community consensus. Luna is the first crypto trying to keep their volatility and price controls by themselves. As we said, the coin that lost the bet was USTC, the stablecoin to whom LUNA’s value was anchored. Now the LUNC price can support transactions in USTC and LUNC. The ecosystem is development-driven, I do belive we have entered a new phase of the cryptocurrencies market.
If the cycle 2020-2024 was titled by meme coin, NFT, lots of hype, and newbies, now the market is different:
first, we have institutional and governance interests, tons of whale and ETFs willing to purchase as many cryptos as possible and, cryptos are not longer founded on easier payment or the cheapest prices. These latter aims have been quite addressed in the previous cycle. Now the word is utilisation.
As with everything in the world, things grow cause people need it. To be alive, you need a purpose to live. The money can’t be a purpose but just a means.
Lunc is a low-priced coin, with less than 1B total market cap and all the supply available. Traded on 32 different exchanges, with a volume/market cap ratio of around 7%, which is higher than BTC by the way.
So, low price and high supply, low diluted liquidity volume, and high trading ratio.
Honestly, except for the fact I am curious to see the development of this coin, I want to keep something that has a full supply already available and has already survived two bubbles and one collapse.
On the price action side, this pump was surfing on the first Altcoin bullish round. The spike, followed by a correction at 0.618, was predictable,. The fomo spoke for us. As a target, the last LUNC higher high in binance would set a final target of a +300% surge. On the total portfolio, is worthy keeping it for a while, counted in the meme coin section.
This is the fucking rule with cryptos, especially with meme coins.
So, now that we are aware and more conscious, what’s going on here and what’s luna? why did I choose this asset?
Luna is the ex Terra Luna. Remember it? The one collapsed in May 2022 due to a technical problem on the blockchain that did not peg anymore their stable coin namely, USTC with the US dollar. Once the pegged 1:1 with the dollar was lost, the whole ecosystem dropped. But TERRA has also a few points that make it outstanding from other cryptos. First, is the community approach. The TERRA blockchain is very community, kind of the opposite of XRP which is a federal consensus. They community leading the Terra Labs worked for two years to restore and solve the issue behind the first collapse, and they created LUNC, namely, Luna Classic. Technically is just a fork of the previous blockchain. Practically they have assessed the speedy and safety of the transaction, keeping a community consensus. Luna is the first crypto trying to keep their volatility and price controls by themselves. As we said, the coin that lost the bet was USTC, the stablecoin to whom LUNA’s value was anchored. Now the LUNC price can support transactions in USTC and LUNC. The ecosystem is development-driven, I do belive we have entered a new phase of the cryptocurrencies market.
If the cycle 2020-2024 was titled by meme coin, NFT, lots of hype, and newbies, now the market is different:
first, we have institutional and governance interests, tons of whale and ETFs willing to purchase as many cryptos as possible and, cryptos are not longer founded on easier payment or the cheapest prices. These latter aims have been quite addressed in the previous cycle. Now the word is utilisation.
As with everything in the world, things grow cause people need it. To be alive, you need a purpose to live. The money can’t be a purpose but just a means.
Lunc is a low-priced coin, with less than 1B total market cap and all the supply available. Traded on 32 different exchanges, with a volume/market cap ratio of around 7%, which is higher than BTC by the way.
So, low price and high supply, low diluted liquidity volume, and high trading ratio.
Honestly, except for the fact I am curious to see the development of this coin, I want to keep something that has a full supply already available and has already survived two bubbles and one collapse.
On the price action side, this pump was surfing on the first Altcoin bullish round. The spike, followed by a correction at 0.618, was predictable,. The fomo spoke for us. As a target, the last LUNC higher high in binance would set a final target of a +300% surge. On the total portfolio, is worthy keeping it for a while, counted in the meme coin section.
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