🪙Is $LUNC Dead or Would it Explode🪙
⚠️The price of LUNC dropped significantly today reaching a very low price of 0.000097$ / Coin⚠️
What Happened with LUNC???
I will explain this in 4️⃣ Point as follows:
1️⃣ Bankruptcy Paper Work were submitted today by Terra Classic Board, stating that this step must be done as a new recovery plan comes to the picture. Was it a good move? Only Time will Tell💥
2️⃣ Cryptodotcom Delisting. Also a major factor that affected LUNC Price, while the LUNC team is trying to list the coin on different other exchanges, this news will postpone their plan for a while♻️
3️⃣ Voting & The Split Between Holders & Validators. While most holder want Terra Classic to increase the Tax Rate, thus more burning of LUNC. On the other hand, Validators are refusing and voting against any Burn suggestion🔥
4️⃣ No Leadership... Since Do Kowon was sent to jail, we saw that LUNC lacked a decision maker and a true Leader.
⛔️ Unfortunately, all those factors affected the price of LUNC in less than a month.
So Will LUNC Ever Recover?🚀
⬇️ Please share your thoughts in the comments Below ⬇️
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