Why is LUNC pumping now? 🚀🌕
LUNC was one of the top 10 crypto in the past, it reached $100 back in 2022 before it crashed.
It's pumping right now because of the recent events, in where Binance burned nearly 3 billion Tera Luna Classic (LUNC). This move reduces the total supply of LUNC making it scarce. With Binance being commited to back LUNC and more improvements in the future to come, it is very possible for LUNC to reach $1 in the future. It may not be this year, it may not be next year, but maybe 5 years from now. We can never tell, but if Binance continues to burn LUNC what do you think will happen to its price?
In my opinion, LUNC has a great potential to come back to it's original glory if more improvements will come to it, in addition to it being burned over time.
If you are for long term, try to invest money that you can afford to lose and just try to forget about it. Keep it in a secure wallet. This may bring fortune to you in the future my brothers.
Share your thoughts below about LUNC. 🙌🏻
