I threw some gambling money at this coin and has already rose 1x. Meanwhile a bunch of people on this forum saying I'm an idiot, but the thing is, I haven't even sold yet, I'm not ready to start laughing yet... Terra Comeback? LUNA Surges 166% After LUNA Classic’s Own Rise LUNA is crypto’s largest gainer today among the top 100 coins—and it comes right after LUNA Classic had its own unexpected ascent. By Andrew Hayward Sep 9, 2022 3 min read LUNA is the native cryptocurrency of the Terra blockchain. Image: Shutterstock In brief Terra’s LUNA has climbed 166% in value today, as of this writing, following a sizable rise for LUNC (LUNA Classic) this week. The original Terra ecosystem collapsed in May. LUNA Classic is the original coin, while LUNA is a new coin from a rebooted blockchain network. The twin collapses of Terra’s UST stablecoin and LUNA cryptocurrency are widely blamed for at least partially causing May’s market-wide crypto crash, resulting in a cascade of crumbling crypto valuations. But after all the turmoil—believe it or not—the rebooted LUNA and the rebranded LUNA Classic (LUNC) have both skyrocketed in recent days. LUNA has increased in value by 166% over the last 24 hours to reach a current price of over $5, per data from CoinGecko. It’s a surprising surge for a coin that has barely budged since early June, sticking close to the $2 mark. The price popped as high as $6.87 over the last day, marking a peak 247% increase since the start of the day Friday. While it shares the name of the cryptocurrency that lost nearly 100% of its value in May, LUNA is actually a new coin created by Terra founder Do Kwon to support the rebooted Terra blockchain. The newly rebooted LUNA blockchain was forked from the code of the previous one, and is Kwon’s attempt to try and revitalize the fallen crypto ecosystem. Want to be a crypto expert? Get the best of Decrypt straight to your inbox. Your Email Meanwhile, LUNA Classic—the original LUNA with a new name—saw its own sizable rise in value just before the new LUNA repeated the feat. Although it’s down 20% over the past 24 hours as the speculative craze fades, LUNC is still up nearly 56% this week at its current price of $0.00043. In the case of LUNA Classic, there are some apparent signs pointing to its increasing value. The LUNC ecosystem is now in the hands of community holders, and they’ve been voting on and instituting recent changes—such a 1.2% network tax on transactions, which will be used to purchase and burn (or permanently destroy) LUNC to pare down the total supply. LUNA +161.35%$4.884 24H7D1M1Y Sep 3Sep 4Sep 5Sep 6Sep 7Sep 8Sep 9Sep 10$1$2$3$4$5$6$7 Price data by LUNA price Such activity could be spurring rising value in LUNC as the community attempts to find a path forward, but at a current value of a fraction of a penny per token, LUNC is still down nearly 100% from the peak price of $119 set (as LUNA) in April. Why the rebooted LUNA is up so big today is less clear. It could be an aftershock from LUNC’s momentum, effectively piggybacking on it while catapulting to even greater percentage gains in the process. Terra also recently launched a claim process for LUNA Classic holders who didn’t receive the new token when the network relaunched, with 19.5 million LUNA available. LUNA Reboot Plummets Over 70% Just Hours After Debut Terraform Labs early Saturday launched a new version of the Terra blockchain, “Terra 2.0,” with freshly minted LUNA tokens. Roughly 12 hours later, LUNA (labeled LUNA2 on some exchanges) had s... NewsDeFi 2 min read Sujith SomraajMay 28, 2022 LUNA 2.0 launched in late May and quickly peaked at nearly $19 per token. It’s currently down 73% from its all-time high, according to CoinGecko. Even so, LUNA is vastly outperforming the wider crypto market today as the largest gainer in the top 100 cryptocurrencies ranked by market cap. The overall market is up more than 6% today, with leading cryptocurrency Bitcoin up by 10%.
Humans / Traders have a quirk. They'll take a position. Should it rise, they shout out from the rooftops, should it underperform, you won't hear boo from a goose. Hindsight is a wonderful thing.
Hopefully, your success story will be on the news. Jim Gaffordstein turns $7,000 into $1,100,000 by buying at the right time. But I doubt it, the odds are heavily against you. No one gets rich by betting on the long shot. Consistency and wisdom wins.
No one can have constant long shot winners. They are polar opposites of one another. If someone can day trade, intraday, for example, the S&P....combined with options....that performance will completely blow away Bitcoin's rise and Gamestop's rise and Apple's rise and Tesla's rise out of the water, combined.
I am avoiding this shit. Let's take Lunac for example... Last night it was one of the only cryptos that was down. It managed this despite a huge crypto rally by most everything else. And it was down a lot. This morning I see it's down 11% the last 24-hours. If it sucks this bad in a bull-run, how do you think it will faire any other time?
Ok buddy, ok... Everything you said was subjective, and could mean anything without any of the circumstances explained. You just tried to make a statement seem like a solid fact without any info about the chart or the trader trading the chart or what was being traded or even when. At this point, talking out your ass.
I'm sitting on a 4 bagger atm, still holding, paid 1c for a million shares, now 5c. Been nearly 2 years holding.