Terra Luna Classic pumping - can it last?

[$crypto$]

At least you have to take profit now before the price falls and regret it, we don't know the future predictions, it's clear this token has become trash due to a 99% decline, so we have to think this token might not last long in this pump so you have to secure it some assets as his capital but that's my advice take all the profits right now.

I know many people have experienced success against classic luna token holders but it all doesn't have to depend on the high end for me it's very unrealistic unless you are a fanatic who believes in these tokens.

[cheezcarls]

Despite that it’s the most recently shared in my Facebook feed like there’s a girl waiting for LUNC to hit her selling target to pay for her debts, I wouldn’t bother buying some. Ain’t a fan of it anyway.

Ever since LUNA went down due to the depegging of its UST stablecoin, the reputation of their CEO and the entire project is going downhill and is continuing to do so due to the ongoing allegations against them. I don’t think the pumping would last to be honest. It has no clear direction and the future is uncertain.

[Iyeman]

Lunc gets pumped due to the some rumours about the burn has been decreasing the circulating supply in the market but i see that the circulating supply was also decreasing but im not sure how accurate the data that show by CMC. We do know that CMC has a very bad reputation when it comes to the data listing caused by so many times the data that already listed by CMC didn't seem to be accurate. The pump is going on but it seems like that chart was showing a correction will come very soon,.

[btc_angela]

I don't think anything can sustain it's run, not even bitcoin or ethereum in the past have runs that will go on for months unless we are in a bull market.

So don't expect that this will continue, just take the profit. It's a big gamble since we all know what the project has been went through and it's not very good. For sure this is the works of some manipulators and speculators injecting huge money to attract newbies like you to join and then they will suddenly dump it in your face.

[LastKiss]

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?

~snip~

Current pump maybe because the community proposes burning LUNC and I see that MEXC held Burning events to support the community proposal. So this pump won't last long I guess since the market still not recovering. If the burn mechanism keep continues then $0.01 is not impossible to reach and it's only a matter of time

[JamesDaniel90]

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?

~snip~

Current pump maybe because the community proposes burning LUNC and I see that MEXC held Burning events to support the community proposal. So this pump won't last long I guess since the market still not recovering. If the burn mechanism keep continues then $0.01 is not impossible to reach and it's only a matter of time

This is why I feel not to take any profit just yet. I feel the potential rewards outweighs the risk currently, especially as I do not have much invested.

I will stick with my plan and cash out half my investment at 0.0005 and see what happens from there.

[RealMalatesta]

Don't expect more, I also have Lunac but to be honest I've converted to ETH now. Don't let greed rule you if you get x 4 in the bear market this is already a great achievement. Don't let the circulating fomo affect you, maybe soon Lunac will experience a decline.

Yeah, they better don't expect for more as that will only gave them a disappointment at the end and not the profits that they always wanted. If they want a sure profit then they better invest on a coin which has a sure future as well and not on these scam/risky tokens. Only the developers of these coins are only going to get rich if people keeps on feeding them. What you did there by the way is a good thing.

You didn't wait any little longer because you know that more dumps are going to come later on. This is a great example that lunc hodlers must follow. It's better to sell at a loss (right now) than incur more losses in the future. They have been warned.

[danherbias07]

It could be a pump-and-dump strategy. If you are doubting then you might want to cut out the ROI first. Use the profits for further monitoring of what could happen next. IMO, that would be the safest decision that I'd be willing to make if I am expecting more or just don't want to regret it if ever another pump comes.
There's no reason behind it but just because of its cheap price that is appealing to buyers. It's not far from what is happening with Shiba's market but I am not saying they are the same in terms of projects.

[topman21]

Once a coin becomes an eScamp project, it cannot be raised later. But many are saying that Tera Luna will lift her head and pump I never believe that a coin is completely dumped and will never go up again.The project team could certainly have recovered if the dumping had started I would say this is the state of the platform today only for the team. The Terra Luna project team should have thought of retaining it earlier.But I see no possibility of Terra Luna's recovery. And there will be no recovery

[AnonBitCoiner]

It's very interesting to see luna classic price is Pumping sharply. Ustc is also pumping instead of Binance anouncemnt of delisting. I think it will not remain for long time and it's price will go down to bear mode again. It gives best profit to investors in This 5 days. It's not like that it will again pump high.

[abel1337]

Reaching $.01 for LUNC realistically won't happen. There are many standing cases against the projects team and I'm pretty sure the market trust they lost won't comeback anytime soon. Even if we consider the next bull run that will happen 3-4 years from now, It think it will be hard knowing that there are a very big chance that the project won't survive and possibly abandoned before the bull run come. This pumping is just for whales or traders to take profit and try to reach their break even point.

[mbakruroh]

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?

Actually Terra Classic didn't develop at all, in fact it got worse if we looked at Terra's basic history. Because the ATH for the Terra Classic is $119, and the current price is $0.0004778. Isn't that something bad? And now they are releasing the Terra V2 with ATH reaching $19, and the current price is $1.9. Means they lose the price reaches 100%.

[Myrzapb]

Honestly i really wouldnt trust LUNC its marketcap is currently too low and the price is easily manipulated by whales and this bear market isnt bringing any good, we might even see another -99% on LUNC. it wont be something new.

[Bananington]

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?

Good thing you have access to the information about LUNC directly and have been following it up yourself, and have not acted like some that will want to depend on the information from others, which can be slow. You should continue hodling and follow closely with the news so you also know when to exit, chances are as more investors get the information about the scheduled burn they will be drawn to invest in it and still drive the price upwards.

[BobK71]

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?

~snip~

Current pump maybe because the community proposes burning LUNC and I see that MEXC held Burning events to support the community proposal. So this pump won't last long I guess since the market still not recovering. If the burn mechanism keep continues then $0.01 is not impossible to reach and it's only a matter of time

Luna price currently increasing rapidly. Where investors have no reliance. The Lunc token has been increasing for a few days only to be reduced by the Luna burn mechanism. With this news, the price of Luna increased significantly,still growing. But at any moment a major obstacle may come. Since the price of Luna has been increasing for several days. However, the coin may turn into 1 cent due to its hype.

[Oasisman]

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?

~snip~

Current pump maybe because the community proposes burning LUNC and I see that MEXC held Burning events to support the community proposal. So this pump won't last long I guess since the market still not recovering. If the burn mechanism keep continues then $0.01 is not impossible to reach and it's only a matter of time

Luna price currently increasing rapidly. Where investors have no reliance. The Lunc token has been increasing for a few days only to be reduced by the Luna burn mechanism. With this news, the price of Luna increased significantly,still growing. But at any moment a major obstacle may come. Since the price of Luna has been increasing for several days. However, the coin may turn into 1 cent due to its hype.

Absolutely wont last. Good thing they found a burning mechanism but still it won't be sustained. It might get into a cent but that's still hard considering how huge the supply is and the number of supply that needs to be burnt.
Another things is that, people already have trust issues with this project. Only those who have profited might gonna stay, but for those who have lost a huge chunk of capital, they'll probably not going to risk it again.

[kro55]

Don't expect more, I also have Lunac but to be honest I've converted to ETH now. Don't let greed rule you if you get x 4 in the bear market this is already a great achievement. Don't let the circulating fomo affect you, maybe soon Lunac will experience a decline.

You did the right thing. Luna has now become a gamble, not an investment, so get out as soon as you can when you get profitable. People who lose money with old luna also come from greed and we should take that as a lesson to not make the same mistake again.

@OP, this is your first profit in the market, I think you should take partial profits, greed is not good when investing with Lunac its a gamble only pump and dump. Since we are in a bear market, it is very difficult to get profit, I hope you will learn to cherish the profit you get.

[albon]

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.

[JamesDaniel90]

Hi all,

Those saying it will only possibly reach a cent , that would still be a 100x for me and that would be more than enough. Currently trying to break through resistance at $0.0005 but think it will in a matter of days.

Having only put £300 into this there is no stress and it is actually nice to have something to follow everyday as last few months the markets have been pretty boring.

[Shasha80]

Honestly i really wouldnt trust LUNC its marketcap is currently too low and the price is easily manipulated by whales and this bear market isnt bringing any good, we might even see another -99% on LUNC. it wont be something new.

We really don't have high hopes for LUNC, if the price suddenly rises, it's probably a manipulation by the whales. So if we have LUNC and already
profit, immediately take profit and don't hold LUNC for too long, because the probability of LUNC falling very low is very large. I myself no longer
believe in terra team, after what happened to LUNA a few months ago, it is possible that the same thing will happen to LUNC. So I recommend
not investing in LUNC, if we want to try investing in LUNC, it's better for the short term. Don't let greed overwhelm us, eventually making us
take wrong decisions. Especially in a bear market situation where investing in LUNC is very risky, I suggest investing in projects that are safer.
Like Bitcoin, ETH and BNB are much better choices for investment during bear markets like today.