I periodically see posts about #LUNC in the style of "growth to $1".
Do they have anything in common with reality? - no.
Why?
- one of the frequent reasons for such growth is the очередное burning, but only crumbs are burned, which have no significant impact on the volume, and no one will burn a lot, because if they do, and the price even soars to 0.5$ , everyone will rush to sell massively and the price will fall back to the bottom.
- loss of trust from major investors: no matter how much we are told about the support of the Binance coin, major investors will not enter this coin a second time; everyone has had enough of the first crash, plus again, with the current capitalization of just over 300 million, significant investments will raise the price, and small investors will rush to sell, leading to obvious losses.
- constant info manipulation: periodic large-scale rumors about a soon rise to 1$ attract newbies, who bring their money into the coin, slightly raising the rate, after which the coin is dumped and falls even deeper than it was (see the graph for the dynamics over the year).
Something like that...#LUNA✅ $LUNC #BTC