Dear esteemed guests,
In this atmosphere of hazy reality, when people's minds are still swirling, the LUNC coin – the remnant of an empire that once collapsed – suddenly "revives" spectacularly. It rose by more than 70%, which is indeed a strange phenomenon, a beautiful delirium in these chaotic times.
What is the reason it floats like that smoke? I must say, it all boils down to a few reasons that are rich in "tragicomedy":
1. The Encounter at the "Place of Glamour and Splendor" (Binance Blockchain Week):
I heard that at the luxurious conference of Binance, there was a journalist – or some dreamer – who donned a shirt printed with LUNC. Just a fleeting image amidst that lavish setting made the public think it was the "secret command" from the elites, as if Binance was about to grant favors. Thus, the crowd rushed to buy, like thirsty people finding a spring in the desert.
2. The Collective High (FOMO):
When the cash flow swells and the green candles stand tall like skyscrapers, human reasoning suddenly evaporates into thin air. People buy not because of value, but out of fear of loneliness as others grow rich. It is a collective high, pushing the value of a seemingly broken component up to the clouds.
THE STRIKING FEATURES OF THE TIME (Core update)
To help you grasp this drifting moment, here are a few key points that are "technical" and dry but are the core of the issue:
* Regarding Industrial Aspects (Network Upgrade): The aging machine Terra Classic is being proposed for upgrades to versions v3.5.0 and v3.6.0 by developers. The goal is to "repair" the connections, helping it to be more smoothly compatible with the Cosmos universe. A smoothly running machine gives confidence to enthusiasts to invest.
* Chain Reaction (LUNA Update): The modern brother Terra (LUNA) is about to receive upgrade support v2.18 from Binance. In a daze, people see the "big brother" shining and mistakenly think the "younger siblings" will also benefit, leading to a spread of funds to LUNC.
* Cash Flow of Kim Tien (Volume): The trading volume has surged, increasing 9-10 times compared to normal days. This is when the "sharks" are thrashing around, creating large waves to sweep away the small boats.
Commentary:
This euphoria is as beautiful as a dream, but as fragile as a cigarette ash about to fall.
