The situation with LUNA reminds me the situation with Shiba. People do not pay attention to the market capitalization of the coin, etc., they just think that 1 cent is real and that’s all. This is a kind of psychological factor. Buying a coin for a $100 or several thousands coins for $100. .. Luna currently has a market capitalization of 2 billions. If we assume that the capitalization will grow 10 times and the founders will burn half of the coins, then the goal of x100 is very real even from this point.
The only thing we don't know is what the founders have in mind, so it means that coin depreciation is also real, it’s just might become zero. Who wants just take this risks.
And one more thing that I see, the crypto community missed about such memes, the Luna communities in social networks are growing fast and it’s very large rn, and this is another very strong bullish factor.
The only thing we don't know is what the founders have in mind, so it means that coin depreciation is also real, it’s just might become zero. Who wants just take this risks.
And one more thing that I see, the crypto community missed about such memes, the Luna communities in social networks are growing fast and it’s very large rn, and this is another very strong bullish factor.
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