Crypto's biggest flops are now pumping ? But why?!

[Mario Yamasaki]

Today there was a large pump that made many Altcoins also skyrocketed, ETH has reached $ 1800 and I'm sure next week has reached $ 2000, this is the beginning of the bull run so I suggest to continue buying potential coins.

[spiker777]

Probably the same reasons as the previous event where the price is dumped, price manipulation. And I think joining this LUNC FOMO has a very huge risk, all those people who make this pump happened will take their profit and sell all their LUNC sooner rather than later.

Good point. I completely forgot and didn't thought about Price Manipulation for once all this time. and was very happy that LUNC has got momentium again. because of new Burn mechenism. but now after thinking and checking the charts.
I am also thinking that it was all just a price manipulation, Now lets see how this unfolds.

[doomloop]

Terra Luna Classic and Voyager are two projects nobody expects to attract a lot of investors anymore. Yet they're going parabolic ? Right at the bottom of one of the worst bear markets crypto's ever had ??
This is madness.

Actually coins pump and dump depend upon the News rumour. Some days ago we seen best project Tornado Cash down from 32$ to 12$ because of bad News around there. Now Luna Classic pump reason is also new of tax burning. This burn will decrease the supply of coin. This is the reason all investor now investing in this coin.

Not news alone but it's one of the factors for the ups and downs of the cryptos. Take note that it must be a real news and not only a rumor but investors are crazy if they believe instantly without verifying if the rumors are real or not. Anyway, the effect is still positive because the price had rise but this shouldn't last longer if there won't be really a tax burning that will happen regularly.

You already state a reason on why luna classic is rising but what about the other coin called voyager? Never heard of this coin before but I think this coin is not worst as lunc so I am not offended if the coin is rising. Maybe they deserve it because they did something well.

[adzino]

Terra Luna Classic and Voyager are two projects nobody expects to attract a lot of investors anymore. Yet they're going parabolic ? Right at the bottom of one of the worst bear markets crypto's ever had ??
This is madness.

Because of the community. Go to the their reddit thread and you will see everyone saying "to the moon" and lots of bullshit reason why the price will go to $1 or $0.01 (which is almost impossible). Everyone is shilling and people are FOMOing. They recently announced burning mechanism, so people are hyped and investing in Luna classic. But most of them don't realize that enough won't be burn in few years for the price to reach $1. Most of the transactions and trading are done through centralized exchange. So no burning will take place because of offchain transactions. Do you really think a coin that literally has no utility is going to stay at the top 50?

[bhooscream]

Terra Luna Classic and Voyager are two projects nobody expects to attract a lot of investors anymore. Yet they're going parabolic ? Right at the bottom of one of the worst bear markets crypto's ever had ??
This is madness.

The power of the name LUNA has not disappeared and they still often echo the name LUNA. moreover this may be manipulation of the project so that it seems as if this will work and skyrocket again. And most likely their target is new investors, I believe if they are old investors they will choose not to buy again and just want to get a chance to sell the coin at a high price, then leave it. I'm not sure there are still truly loyal investors. And in the end, the new investors are the victims, and they don't know whether this project will really continue to grow or is just a pump and dump.

[Silberman]

Terra Luna Classic and Voyager are two projects nobody expects to attract a lot of investors anymore. Yet they're going parabolic ? Right at the bottom of one of the worst bear markets crypto's ever had ??
This is madness.

Because of the community. Go to the their reddit thread and you will see everyone saying "to the moon" and lots of bullshit reason why the price will go to $1 or $0.01 (which is almost impossible). Everyone is shilling and people are FOMOing. They recently announced burning mechanism, so people are hyped and investing in Luna classic. But most of them don't realize that enough won't be burn in few years for the price to reach $1. Most of the transactions and trading are done through centralized exchange. So no burning will take place because of offchain transactions. Do you really think a coin that literally has no utility is going to stay at the top 50?

It is such a shame that people let themselves be blinded by their almost limitless greed, just a few months ago on that subreddit the moderators had to close it because the kind of posts that were being created where all about how people were desperate and how some of them were even making attempts against their own lives, and just a few months later those very same people are hyping a coin they know cannot possibly sustain that kind of growth for the long term.

[Luffygroove]

I agree. That's crazy. This is what makes me amazed by the crypto world. It's really unpredictable. I mean how a problematic project could thrive after its downfall? Everything has two blades of knives. I mean, those who can see the chances can get profits from this anomaly but there are many unfortunate people who got rekt from the last event. Is it healthy? I don't think so. New people who jump in should really spare some time to make research and not learn hard from their bad experiences. I hope from time to time more beginners are aware of this. Let's end the dump and pump era, an era of searching the new victims from people who lack knowledge about the crypto world. Let's educate as many people as we can from now on.

[pantek talacuik]

Terra Luna Classic and Voyager are two projects nobody expects to attract a lot of investors anymore. Yet they're going parabolic ? Right at the bottom of one of the worst bear markets crypto's ever had ??
This is madness.

This is due to the new age investors, probably they are thinking that they are investors by themselves without even knowing what kind of risks they are taking. Luna project collapsed but in a week the developer created new and people went crazy for it, this just show how people are falling for the traps created by social media manipulation.

it seems like an alibi made by the team under the pretext of new development so as to keep old investors and attract new investors but in the end there is no significant change, this kind of thing should have often happened to new project developers.

Easy way to attract new people to look good but some people can be fooled by all that. so sometimes the things you have to do you should analyze more carefully in the future.

[budi691]

this kind of project which has a dark past lost the trust of the community, trying to be pumped to get it back, but everyone will never fall into the same hole, so better find another better coin to invest

[Silberman]

this kind of project which has a dark past lost the trust of the community, trying to be pumped to get it back, but everyone will never fall into the same hole, so better find another better coin to invest

It is incredible to me why such a simple concept is so difficult for some people to understand, despite the amazing technology that is the blockchain at the end of the day if a currency doesn't have the trust of the community then that coin will never become successful, many people trusted in the developers of Luna and thought they were honest people working hard to make the project a success, only to find out this was not true and they were only interested in benefiting themselves, so the community doesn't trust them anymore regardless of what they say, and this will eliminate any possibility of that coin fully recovering.

[Awaklara]

this kind of project which has a dark past lost the trust of the community, trying to be pumped to get it back, but everyone will never fall into the same hole, so better find another better coin to invest

It is incredible to me why such a simple concept is so difficult for some people to understand, despite the amazing technology that is the blockchain at the end of the day if a currency doesn't have the trust of the community then that coin will never become successful, many people trusted in the developers of Luna and thought they were honest people working hard to make the project a success, only to find out this was not true and they were only interested in benefiting themselves, so the community doesn't trust them anymore regardless of what they say, and this will eliminate any possibility of that coin fully recovering.

I'm not sure the LUNA community left the project. we recently saw how Luna and the Lunc also make pumps. many do not believe in the market situation. nevertheless, we watched it grow.
indeed the return made will not be as good as it used to be. but gradually they started to rebuild their market and community. whether the pump that happened was done by the team themselves or if a big investor was coming in. what is clear is that the LUNA and LUNC markets have rebounded.
because something bad has happened to this project, if you want to join I think you have to think about the risks. Of course, it's not easy to believe it anymore, but most of the people in the market still trade the asset.

[TravelMug]

this kind of project which has a dark past lost the trust of the community, trying to be pumped to get it back, but everyone will never fall into the same hole, so better find another better coin to invest

It is incredible to me why such a simple concept is so difficult for some people to understand, despite the amazing technology that is the blockchain at the end of the day if a currency doesn't have the trust of the community then that coin will never become successful, many people trusted in the developers of Luna and thought they were honest people working hard to make the project a success, only to find out this was not true and they were only interested in benefiting themselves, so the community doesn't trust them anymore regardless of what they say, and this will eliminate any possibility of that coin fully recovering.

It's going to be cyclical I guess, there could be some individual who think that they can make a lot of money still at Terra's expense that's why it keeps on pumping, and in the last 24 hours, despite the market is bleeding, it gain at least a decent 10% gain. But nevertheless, they are still very far from the price that they want it to be. So maybe it will continue to pump by some individuals or we might see some corrections, sort of taking a break, getting their profits and then continue with their pump and dump scheme. But for us, we are done with the people behind because they have lost their reputation already.

[Minecache]

this kind of project which has a dark past lost the trust of the community, trying to be pumped to get it back, but everyone will never fall into the same hole, so better find another better coin to invest

If they actually use this pump to try to win back the community's trust that's a good thing and proves that they weren't the masterminds of the last crash. But I suspect that this is not a pump to regain people's trust, but rather a manoeuvre to create a big hype to help them further their interests. This is a trap they want to keep people from falling into.
I hope people will be more aware of what they are doing and not continue to be the second victims of those scammers.

[LogitechMouse]

Terra Luna Classic and Voyager are two projects nobody expects to attract a lot of investors anymore. Yet they're going parabolic ? Right at the bottom of one of the worst bear markets crypto's ever had ??
This is madness.

You surprised? Because I've seen many of it already .

I'm not familiar with Voyager unfortunately but Terra Luna Classic has been listed on Binance and it has many users. This is I think one reason why people are still opting to buy this coin or there are some traders who are just trading this coin and they aren't thinking of its long term. On the other hand, Terra Luna (their new coin) jumped from near $2 to as high as $6.7 in only a few days and now it's at near $4.

You can call Terra Luna Classic as a flop project and it really is and for sure many are hating Do Kwon because of what happened, but you can't change the fact that there are still some people who are trusting him for whatever reasons and still chooses to invest into his project. Some investors really in crypto are very ignorant TBH .

[coinerer]

Probably the same reasons as the previous event where the price is dumped, price manipulation. And I think joining this LUNC FOMO has a very huge risk, all those people who make this pump happened will take their profit and sell all their LUNC sooner rather than later.

Good point. I completely forgot and didn't thought about Price Manipulation for once all this time. and was very happy that LUNC has got momentium again. because of new Burn mechenism. but now after thinking and checking the charts.
I am also thinking that it was all just a price manipulation, Now lets see how this unfolds.

All investors know how risky investing in luna. But many investors invest with the intention of profiting on short-term hype. Whenever Luna was on hype, the value increased by more than 50 percent for several days in a row. Now it has gone down again. Luna has lost about 21 percent today and is likely to go lower. Originally this hype was done on Luna burning news. But based on that news, is it possible to stabilize the current price of luna? Which may possible in a bull market but not in bear market.

[ethereumhunter]

this kind of project which has a dark past lost the trust of the community, trying to be pumped to get it back, but everyone will never fall into the same hole, so better find another better coin to invest

It's because many people have suffered losses from investing in their projects that those people or investors don't want to have the same experience as before. But make no mistake, it seems that there are still people who do not understand the problems that the project has faced and continue to invest even though they do not know whether they will be able to make a profit. Time will tell. Meanwhile, we better look for other coins with a greater chance of making a profit.

[uneng]

Even though these projects have failed and crashed before, the people behind them made tons of profit over common investors. It allows them to spare a lot of 'ammo' pumping their own projects once again in an attempt to create a new hype or show the market they are still competitive, so other investors will buy their tokens once more and keep pushing the price upside.

It's a kind of manipulative or speculative movement to gain momentum in crypto market. Investors must be aware, though, that it's an artificial fluctuation which may not correspond to the currently natural feeling and tendency of the market as a whole.