Wednesday, May 31, 2023
No Result
View All Result
Crypeto News
Smarter_way_USA
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
Crypeto News
No Result
View All Result

Terra classic (LUNC) Price Crash is Imminent – Terra whistleblower Warns Investors – Coinpedia – Fintech & Cryptocurreny News Media

by crypetonews
September 9, 2022
in Crypto Exchanges
Reading Time: 2 mins read
0 0
A A
0
Home Crypto Exchanges
Share on FacebookShare on Twitter


 A popular analyst, FatMan who investigated the whole LUNA-UST crash, deep to its roots and bought may evidence against the founder and his team, has now warned his followers to not rush in to accumulate LUNC. 

As per the analyst, many investors are currently jumping on the moving train, while the market conditions could be much shaky which may impact the LUNC price very soon. And hence the LUNC price may not sustain at the gained levels for long.FatMan refers to the LUNC burn trade which is assumed to explode soon. 

Consider this a warning… An alarmingly high number of ill-informed market participants have rushed into LUNC, fuelling a speculative pump that cannot be sustained. Scarcity without utility equals futility, as SafeMoon et al. have proven. Invest only what you are happy to lose. https://t.co/7ekgeMDULz

— FatMan (@FatManTerra) September 8, 2022

In such cases, when users asked whether it is a better option to short LUNC, the analyst’s reply was pretty negative. While he claims to own 0 (ZERO) LUNC tokens, does not recommend any short trade either at the moment. He believes that reducing the supply is the only thing one can do to boost the price. 

“For disclosure, I do not own LUNC nor do I have any long/short positions, and for clarity, I would not recommend taking any positions here. It’s just there are far too many crypto-illiterate people being misled-reducing supply only works if the quantity demanded remains steady,” 

While TerraClassic (LUNC) price has been highly consolidated since the early trading hours, may be undergoing a slight correction after a monstrous rally. The LUNC price currently trades at $0.0005039 with a huge drop of 13.42% in the past 24 hours after a huge jump of 123.04% in the past seven days. 

Was this writing helpful?



Source link

Tags: ClassicCoinpediaCrashCryptocurrenyFintechimminentInvestorsLUNCMediaNewspriceTerraWarnswhistleblower
Previous Post

Top ‘Ethereum Killers’ are Due for a Massive Explosion! Will they Outperform Ethereum In the Coming Rally? – Coinpedia – Fintech & Cryptocurreny News Media

Next Post

BTC Beyond $21,000, ETH Above $1,700 as Powell Remains Hawkish – Market Updates Bitcoin News

Related Posts

XRP, Litecoin, Tradecurve emerging as top performing cryptos in May
Crypto Exchanges

XRP, Litecoin, Tradecurve emerging as top performing cryptos in May

May 31, 2023
Are Sellers Shorting Bitcoin Before A Big Move? Here’s What To Expect From BTC Price Next
Crypto Exchanges

Are Sellers Shorting Bitcoin Before A Big Move? Here’s What To Expect From BTC Price Next

May 30, 2023
If I Invest $100 in Bitcoin Today
Crypto Exchanges

If I Invest $100 in Bitcoin Today

May 30, 2023
Indian CBDC Pilot Program Gains Momentum: Extended to More Banks and Locations
Crypto Exchanges

Indian CBDC Pilot Program Gains Momentum: Extended to More Banks and Locations

May 30, 2023
KuCoin Token (KCS) Price Prediction 2023 2024 2025
Crypto Exchanges

KuCoin Token (KCS) Price Prediction 2023 2024 2025

May 30, 2023
Milady (LADYS) Coin and NFT: Memecoin and the Collection
Crypto Exchanges

Milady (LADYS) Coin and NFT: Memecoin and the Collection

May 29, 2023
Next Post
BTC Beyond $21,000, ETH Above $1,700 as Powell Remains Hawkish – Market Updates Bitcoin News

BTC Beyond $21,000, ETH Above $1,700 as Powell Remains Hawkish – Market Updates Bitcoin News

Ford Files 19 Trademarks for NFTs, Metaverse Space

Ford Files 19 Trademarks for NFTs, Metaverse Space

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Crypto Scammer Manipulates Cancer Story To Peddle NFTs
Bitcoin

Crypto Scammer Manipulates Cancer Story To Peddle NFTs

by crypetonews
May 31, 2023
0

The Crypto Twitter community united in support of an individual who claimed to be a cancer patient and sought to...

Huobi Global Faces Mounting Challenges: Trademark Dispute, Legal Troubles, and Operations Suspension

Huobi Global Faces Mounting Challenges: Trademark Dispute, Legal Troubles, and Operations Suspension

May 26, 2023
Crypto Critic Now Finds Himself Supporting NFTs Minted On Bitcoin

Crypto Critic Now Finds Himself Supporting NFTs Minted On Bitcoin

May 28, 2023
XRP Recognized By Atlanta Fed Reserve Bank As Global Payment Solution

XRP Recognized By Atlanta Fed Reserve Bank As Global Payment Solution

May 26, 2023
Multichain Bridge Shunned by Binance, Other Crypto Players as Rumors Swirl

Multichain Bridge Shunned by Binance, Other Crypto Players as Rumors Swirl

May 26, 2023
Best Crypto to Buy Now May 27 – Launchpad XYZ, Kava, Arbitrum

Best Crypto to Buy Now May 27 – Launchpad XYZ, Kava, Arbitrum

May 27, 2023
  • Trending
  • Comments
  • Latest
What is the Erigon Node Consensus Layer?

What is the Erigon Node Consensus Layer?

February 15, 2023
Celsius Creditors Aim To Expose FTX Users In Alleged Crypto Trading Scandal

Celsius Creditors Aim To Expose FTX Users In Alleged Crypto Trading Scandal

April 27, 2023
Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

October 27, 2022
Secured #5: Public Vulnerability Disclosures Update

Secured #5: Public Vulnerability Disclosures Update

May 3, 2023
3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

November 23, 2022
Crypto Whales Spend Millions Buying the Dip on PEPE As Prices Drop: On-Chain Data

Crypto Whales Spend Millions Buying the Dip on PEPE As Prices Drop: On-Chain Data

May 12, 2023
PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

24
BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

20
Ending Logan Paul's Biggest Scam

Ending Logan Paul's Biggest Scam

40
I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

38
ARE NFTS OFFICIALLY DEAD? NFT COLLAPSE EXPLAINED!

ARE NFTS OFFICIALLY DEAD? NFT COLLAPSE EXPLAINED!

34
Crypto News Today in Hindi: Cryptocurrency Latest Update in India | Crypto Money Laundering Act

Crypto News Today in Hindi: Cryptocurrency Latest Update in India | Crypto Money Laundering Act

36
Covering the 2024 Presidential Election

Covering the 2024 Presidential Election

May 31, 2023
Next Cryptocurrency to Explode Wednesday 31 May – RobotEra, Filecoin, Solar

Next Cryptocurrency to Explode Wednesday 31 May – RobotEra, Filecoin, Solar

May 31, 2023
T-Mobile’s Parent Company Becomes Validator on Polygon (MATIC) Network

T-Mobile’s Parent Company Becomes Validator on Polygon (MATIC) Network

May 31, 2023
Crypto Scammer Manipulates Cancer Story To Peddle NFTs

Crypto Scammer Manipulates Cancer Story To Peddle NFTs

May 31, 2023
XRP, Litecoin, Tradecurve emerging as top performing cryptos in May

XRP, Litecoin, Tradecurve emerging as top performing cryptos in May

May 31, 2023
Modernist sculptor William Edmondson’s journey from carving headstones to KAWS collection

Modernist sculptor William Edmondson’s journey from carving headstones to KAWS collection

May 31, 2023
Crypeto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Crypeto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

LATEST UPDATES

  • Covering the 2024 Presidential Election
  • Next Cryptocurrency to Explode Wednesday 31 May – RobotEra, Filecoin, Solar
  • T-Mobile’s Parent Company Becomes Validator on Polygon (MATIC) Network
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In