Daily Coin $LUNC
No guarantee of getting rich, just try not to die first
What is LUNC performing again these days, showing what it means to 'crawl out of a death photo'
The current price is around 0.00005 US dollars
It has more than doubled in a week
The 24-hour trading volume is still over 200 million US dollars
Diving back into the top 250 among a whole bunch of trash
Why suddenly came back to life
On one hand, there are emotions
Do Kwon will be sentenced this week
The market is collectively betting on the last round before the 'dust settles'
Additionally, LUNC has been at the front of the CoinMarketCap trend list for a few days
Purely speculating on nostalgia can still light up the market
On the other hand, there’s the story
The v2.18 upgrade goes live today
It's said to fix bugs, enhance stability, and improve interoperability
Binance has also publicly stated it will support the upgrade
During this period, deposits and withdrawals will be suspended, but trading will continue as usual
For speculative funds
This kind of 'having time, having events, having major backing'
Is the standard material for speculation
There’s also a narrative about burning coins
In the past week, about 849 million LUNC have been burned
Among them, Binance is responsible for 720 million
Just in December, nearly 959 million have been burned
News headlines are all flashing the keywords 'burn, deflation, rebirth'
The problem is
The supply still has 5.5 trillion coins floating around
Even if the market cap shoots up to 300 million US dollars
It's just a tiny corner of the entire market
If you want it to return to 1 US dollar
It would take the whole world going crazy to have a chance
So my current feeling about LUNC is relatively simple
This wave is an emotional rebound from 'pre-sentencing + upgrade week + coin-burning news'
Short-term it’s moving very fiercely
But essentially
It’s still the remnants of the empire that exploded in 2022
If you are purely a sentimental player
Having a small position as a lottery ticket
I can understand that
But to gamble retirement funds
Hoping for some dynasty revival
That would really be overestimating your life
If I had to sum up LUNC in one sentence
Right now for me
It's 'high-multiplicative emotional coin + court news trending stock'
Play small positions if you can
If you make a profit, just run
Just don’t work hard to draw yourself into the next 'crash teaching K-line chart'
