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

[coinerer]

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.

I totally agree with you that this is madness and i also have no idea why this is happening at the moment. I first noticed the crazy trading volume of Terra Luna Classic on Kucoin when i wanted to try out on of their trading bots for the first time and there the LUNC/USDT trading pair has the highest volume of all USDT trading pairs on Kucoin which i just can not understand. A lot of the trading volume on Kucoins obviously comes from the trading bots because that trading pair has a high volatility and huge volume which are both great things for a trading bot. That still does not explain though why the price of LUNC keeps climbing. I mean, who would buy that coin now?

I think it's shark manipulation, they're trying to pump a little bit more to create a trap, leaving people who still believe in lunac on their way to recovery. Just like other noobs in the market, when bitcoin is at $19k no one dares to buy for fear of falling more, but when bitcoin rises to $25,000 there will be a lot of people jumping in to buy for fear of missing the train. Likewise, people will buy Lunac when the price spikes, but they don't know that it's a price trap and the sharks will dump it from there.

The price of Luna is rising but not in a natural way. There must have been manipulation by the Blue Whales or manipulation by them. Prices are increasing by 50-60 percent every day. When Luna destroy for the first time many investors lost their wealth and some even committed suicide. Now that they're on the way again, a big crash could happen again.

[danherbias07]

It's either a trap or some foolish group of whales are truthfully investing for a short-term profit. That's all the reason I could see from this turn of events.
A kind of happening that is not new in the crypto market.
You have good eyes though and good memory about how much was it before. They tend to be buried in memories by those who quit supporting them.
I don't even look at it anymore. I suggest just moving on, look for a new gem then maybe it will end up different unlike the other two that were mentioned.

[spiker777]

I think people don't learn from mistakes, a lot of investors suffered from Luna last May and maybe now Luna wants to get another victim. I'm sure this won't last long and will soon fall to the bottom.

I am not sure if they are same people who don't learn from their mistakes or new people coming into crypto and don't have proper knowledge and understanding. someone said there is a new burn protocol for LUNC maybe that's why people started to get attracted to it.

One should avoid investing in such projects because the risk factor of loss is high. There are groups that pump and dump the coins I think a similar group must have got the coin pumped I feel the pump will not be long-lasting and it's not a sensible decision to invest in such projects.

i don't think it is doing of a pump and dump group.. but it is possible. only time will tell.

[Wexnident]

It's probably manipulated, probably by people who want to take advantage of the old news about Luna and let them think that it's going to go back to its peak (since it was fixed and all or something). Newbies investing thinking nothing of it and hoping for a long-term result would honestly get eaten up in these types of scenarios. Maybe if they shorted they might be able to get a bit of profit out of it, but if not then well, goodbye to those funds. Honestly hope that no one gets fooled by this again.

[Coyster]

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.

It isn't madness, neither should you be surprised, it is basically a pump and dump coin, and this is what it does, it might be pumping now, but definitely the dump is somewhere around the corner; remember what happened with LUNA a couple of months ago, it was the hype and pump that allured many investors to it, and in the end it was a very bad situation for those who held on to it; i know quite a lot of investors will be jumping on this spike to buy some of the coin, and to be fair some will be lucky to get ROI, but the majority will prolly be caught unawares when it starts to crash/dump.

[icalical]

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.

[AnonBitCoiner]

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.

[yazher]

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 how volatile crypto markets are, the massive changes occur too often, and sometimes not only the price will crash due to some sort of thing happening unexpectedly. We have this kind of price movement as well in the market where we don't know exactly what happened and why the price suddenly increases like this. But let me tell you investing in such coins are too risky, you need to know what kind of disaster you might fall into before taking any risk to invest with this kind of project that already has some dark past which is not praised worthy.

[posi]

The price of Luna is rising but not in a natural way. There must have been manipulation by the Blue Whales or manipulation by them. Prices are increasing by 50-60 percent every day. When Luna destroy for the first time many investors lost their wealth and some even committed suicide. Now that they're on the way again, a big crash could happen again.

 I think there is something shady about this sudden price increase, which isn't the token burn as some people claim, but something else altogether. It appears that a new trap is about to be set up, so I hope that everyone makes it out of there before it collapses again.
The death of the old Luna caused a lot of pain and loss to those who had invested their entire fortune in it and now it's sad that people still can't come to their senses, still rushing in with Luna again.

[Cee2]

Either manipulation for a quick buck or just a random coincidence of a group of people taking an insane chance.

[el kaka22]

The risk you take being involved in the crypto world is usually already higher than what you deal with in the fiat world. If you want zero risks then go invest into savings account on your bank. However, I agree that taking that extra risk is not a logical thing to do, why would anyone take that extra risk and invest into some "hidden gem" that will probably stay hidden and not go up?

If you are buying bitcoin, ethereum and other big names like that, then you are doing the right thing, that's already riskier than bank account, or even stock market, but at least it is trusted enough that you will do fine with it and that's what I am hoping for in this case as well.

[abel1337]

Being FOMOed at projects that lose the trust of their community is a bad way to invest your money. There are many speculations on what are happening behind the scene but thinking about putting money in it to take advantage is a bad move. Remember that their foundations have been ruined a one move of a whale can make a deep red sharp spike in it's chart. I'll just be happy in considering it as a waste of opportunity that taking a chance on it. 

[dothebeats]

With just the right amount of marketing and hype you can actually do this easily. I've been hearing about Luna a few weeks back before it started its move. A lot of people have also been pointing out some random patterns which obviously have no meaning whatsoever  to be a sign of a reversal, and a huge one at that. Whoever started that talk is a marketing genius. Those random patterns about Luna's market movement was spread through word of mouth and now here we are.

[gabbie2010]

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.

That is why crypto is very difficult to predict, who could have predicted that Terra Luna Classic and Voyager will thrive well in this bearish market, these are hidden goldmine, fortunately some investors got interested in those coins and invested in them consequently their  prices increases, hodlers of those coins will also earn decent Profits, Research will help a lot of investors to channel their funds to viable and reliable projects whose viability for a long term perspective will be guaranteed.

[serjent05]

Yes... no need to FOMO into projects that have ruined thousands, maybe even millions of investors.

The pump and dump for LUNC is for real.

Don't get FOMOed there as we have learned from the past and projects like LUNC isn't going anywhere. The remains of it is no longer good and if it's pumping, it's just all about the pump that he's taking but eventually, we'll see it start to drop.

Otherwise, if it continuous to pumps, then don't catch the falling knives because it will not be forever at that situation.

This is just beating the dead horse.  Just a pump and dump strategy by big holders if not the dev.  There is still a big concern on the developer side here.  They are still wanted by the law.  If proven guilty this LUNA project will be just the history of the past.

Anyway, if there is someone who can bring the valid reason why this coin is pumping then I would change my mind about the current surge as a pump and dump scheme to milk the unwary investors of their money.

[antsam]

News is what the market is waiting for and is a good vitamin consumption to increase or decrease the value of a token. For the Luna Classic case, it looks crazy, it can rise now, but that's because there is optimism in the community due to the latest LUNA developer update which can be checked on twitter

[DapanasFruit]

We can say this is just another twist and turn in the cryptocurrency industry...which is actually so known to have produced so many well unexpected things...but also to have gotten into many shocking developments including what happened then to LUNA with its founder. Now, some people can really be so exotic in their decisions...with many just following the trends without looking if they are getting into something which I already considered as a thrash...or maybe they are just here to be making some fast moolah and nothing more.

[fuguebtc]

It's probably manipulated, probably by people who want to take advantage of the old news about Luna and let them think that it's going to go back to its peak (since it was fixed and all or something). Newbies investing thinking nothing of it and hoping for a long-term result would honestly get eaten up in these types of scenarios. Maybe if they shorted they might be able to get a bit of profit out of it, but if not then well, goodbye to those funds. Honestly hope that no one gets fooled by this again.

Topics about Luna that I see are being generated a lot and people are talking about it suddenly increasing in price, showing that people are still interested in the coin is huge. Many of Luna's former investors still think it can come back, some are trying to make a profit because they believe they will have a pump after the price drops a thousand times.
People have not learned any lessons from the past, greed is still controlling people and I fear what you fear will happen again. It will crash and people will continue to lose money because of Luna.

[xSkylarx]

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 pump is just driven by the hype of its community. Many believe that the 1.2% tax burn proposal on LUNC will send the price flying so many people are buying it thinking that it could even reach $1. They don't realize that it is not finalized yet and CEX only announced that they will support the proposal incase it will be approved. Same as voyager, it also went parabolic because of its established community. With how low its price went, it's very easy to pump and dump it. Crypto enthusiasts just see those coins as shitcoins now. Everyone wants profit in crypto so when there is an opportunity to earn, people just ride the wave to take advantage of the hype.

[Reid]

Some manipulative move by big bag holders. Careful with this kind of movements, it could be a trap just like other members said.
The chances are they are trying to get out by pumping a coin. Behind this could be those investors that have lost a lot of money due to Terra's failure.
Where would it be best to take back that lost capital, yes at the same platform where they are used at.
If it becomes a hype and the price keeps pumping, they will not even doubt to sell it all in just a short amount of time.