#LUNC had reached a market value of $3 billion in its worst period. The reason was the price movement and the creation of FOMO.
We are in a period when many projects are inflated with FOMO. It is not even clear what most of the projects in the top 100 are, but they have reached a market value of billions of dollars.
Binance lists a new coin and suddenly reaches a market value of billions of dollars. MOVE was the clearest example of this. After it was listed, it reached a market value of $3 billion. It rose to $1.41. It fell to $1.4 billion within days and its price is $0.6!
Investors jumped with FOMO. This is the current investor profile. We saw a similar one in THE. We see the latest example in VANA, which was listed today.
PNUT reached a market value of $1 billion as a memecoin. There is a madness. Many investors will suffer at the end of this madness.
Strong projects will survive after this environment ends. The end of projects that go with FOMO is certain. They will survive as long as they excite investors.
LUNC will stand firmer when it comes back on stage. There is a community that tries to go step by step. If FOMO was to be created, it would be very easy to do, but it is not being done. It is a positive situation for the future, but it can be annoying in the short term...