LUNC Falls 15%, Here Is Why It Is Doomed To Fail

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LUNC Falls 15%, Here Is Why It Is Doomed To Fail
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LUNC loses 15% at what might be the beginning of the ultimate end luna terraluna crypto terraclassic terra $lunc

mechanism, as well as an update that has restored staking. Roughly similar arguments as well as triple-digit growth figures contributed to the LUNC price run-up and caused unassuming market players to fear being left on the sidelines.that Binance would not support the burning of LUNC through on-chain tax burns, it caused the token's chances of success to collapse again, given the size of liquidity on one of the largest crypto exchanges.

has no prospects, the reputation of the project and its founders is destroyed to the ground, and any attempt by the community to revive the project is likely to be doomed to failure. As things stand, Terra's reputational damage from the May crash is irreparable. Ecosystem developers have migrated to BNB Chain and Polygon networks, and there is virtually no on-chain activity.

Most likely, LUNC is supported solely by speculators, who try to make money on cheap tokens with low liquidity,"accelerating" such assets and increasing their manipulation by news factors.

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