LUNC - Investment or LUNA Scam 2.0 ?💀
Hi Traders and Investors
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
If you're interested in the newly released LUNCUSDT / LUNAUSDT 2.0 , here's my view:
Just a few months ago, LUNA was trading north of $80 a token. Since, Terraform changed the name after its proverbial fall from grace. Today - It doesn’t take much effort to find crypto shillers advocating on the future value of LUNC crypto. My take is simple - it's failed once, it will fail again. The tech behind it is dead. Not even to mention non existing investor confidence and looming lawsuits. The SEC government officials are investigating the Luna Terra case. Hacktivist group Anonymous has vowed to bring Do Kown's crimes to light, founder of LUNAUSDT . FTX CEO Sam Bankman has also said that many crypto exchanges are "secretly bankrupt".
In other related news: Earlier this month, the Celsius Network , a cryptocurrency bank , began to halt withdrawals by its nearly 2 million depositors because of what it called “extreme market conditions.” Since then, securities regulators in at least five states have launched investigations into the bank’s operations. Another thing to mention is Three Arrows Capital ( crypto-focused hedge fund ) has been ordered by a court in the British Virgin Islands to liquidate. This is following its failure to repay creditors as the value of bitcoin and other cryptocurrencies declined. The liquidation order comes after a high-profile notice of default: On Monday, crypto broker Voyager Digital announced that Three Arrows Capital had not made the required payments on a loan worth more than $665 million, paid partly in bitcoin.
Does this seem like a good time to invest in LUNC to you?
In other markets :
⁕ Ethereum is testing crucial support and struggling to stay above USD 1,150
⁕ XRPUSD ( native crypto of Ripple ) lost mid-cycle rally gains, support zone .28c
⁕ Bitcoin is facing a formidable resistance zone at $21K
⁕ LINKUSDT facing short term selloff
⁕ SOLUSDT losing key support zone
⁕ ADAUSDT / Cardano could dive towards the USD 0. 40 support zone
_________________
👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎
👍Hit like & Follow 🔔
We thank you for your support !
CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
If you're interested in the newly released LUNCUSDT / LUNAUSDT 2.0 , here's my view:
Just a few months ago, LUNA was trading north of $80 a token. Since, Terraform changed the name after its proverbial fall from grace. Today - It doesn’t take much effort to find crypto shillers advocating on the future value of LUNC crypto. My take is simple - it's failed once, it will fail again. The tech behind it is dead. Not even to mention non existing investor confidence and looming lawsuits. The SEC government officials are investigating the Luna Terra case. Hacktivist group Anonymous has vowed to bring Do Kown's crimes to light, founder of LUNAUSDT . FTX CEO Sam Bankman has also said that many crypto exchanges are "secretly bankrupt".
In other related news: Earlier this month, the Celsius Network , a cryptocurrency bank , began to halt withdrawals by its nearly 2 million depositors because of what it called “extreme market conditions.” Since then, securities regulators in at least five states have launched investigations into the bank’s operations. Another thing to mention is Three Arrows Capital ( crypto-focused hedge fund ) has been ordered by a court in the British Virgin Islands to liquidate. This is following its failure to repay creditors as the value of bitcoin and other cryptocurrencies declined. The liquidation order comes after a high-profile notice of default: On Monday, crypto broker Voyager Digital announced that Three Arrows Capital had not made the required payments on a loan worth more than $665 million, paid partly in bitcoin.
Does this seem like a good time to invest in LUNC to you?
In other markets :
⁕ Ethereum is testing crucial support and struggling to stay above USD 1,150
⁕ XRPUSD ( native crypto of Ripple ) lost mid-cycle rally gains, support zone .28c
⁕ Bitcoin is facing a formidable resistance zone at $21K
⁕ LINKUSDT facing short term selloff
⁕ SOLUSDT losing key support zone
⁕ ADAUSDT / Cardano could dive towards the USD 0. 40 support zone
_________________
👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎
👍Hit like & Follow 🔔
We thank you for your support !
CryptoCheck
Comment:
THESE Important Factors could be driving a crypto crash: 📈
