Terra Luna Classic Overshadows Shiba Inu in Popularity

Despite Shiba Inu (SHIB)-related hashtags consistently rising in popularity on Twitter, the notorious Do Kwon’s Terra Luna Classic (LUNC) has now eclipsed Shiba Inu (SHIB). The hashtags “#LUNCBurn” and “#LUNACLASSIC” are now always present alongside hashtags like “#ShibaArmy,” “#SHIB,” and “#ShibaInu.” Naturally, the situation caused some discussion, particularly among cryptocurrency fans who were present when Terra Luna was destroyed in May. David Gokhshtein, a cryptocurrency analyst and social media celebrity, has intervened to clarify the situation.

Even the seasoned crypto enthusiast was initially perplexed by Terra Luna Classic’s recent surge in social media comments, despite the crypto analyst’s historical success in accurately predicting Shiba Inu (SHIB) bull runs. But after receiving multiple inquiries from followers asking the same issue over and over again, “Who is genuinely buying Terra Luna (LUNC)?” Mr. Gokhshtein came up with an explanation. Mr. Gokhshtein believes the solution is straightforward: gambling.

The motive for the supposition is in question. Some cryptocurrency fans contend that traders who actively support Terra Luna Classic lack self-respect. Others assert that they are either botted accounts. Additionally, Do Kwon’s first interview since the Terra (LUNA) scandal was allegedly prejudiced because it was performed by little-known media company Coinage Media, whose co-founder nonchalantly grinned at Do Kwon while asking him questions on camera.

Price of Terra Luna Classic Hits Target of $0.0005

The LUNC price is up to the $0.0005 objective by the Terra Classic community. Terra Classic has already climbed into the top 30 cryptocurrency rankings with a market worth of about $3.5 billion. Over a day, the price increased by over 55%, and over 300% in the previous ten days. The community aspires for a short-term target of $0.01 in anticipation of the 1.2% tax burn proposal.

The community is showing unheard-of support for Terra Classic (LUNC). The LUNC price has finally surpassed the $0.0005 objective with a persistently high daily trading volume of nearly $2 billion. Surprisingly, according to CoinMarketCap, Terra Classic is now one of the top 30 cryptocurrencies.

The price of LUNC has increased 37,000% since the Terra crisis. In reality, due to burning, staking, project development, ecosystem education, and governance activities, the price has increased by around 350% in the last 10 days. They burned almost 3.62 billion LUNC tokens and staked more than 500 billion LUNC tokens.

The trading price of Luna has increased by more than 200% in the past week (and by a total of 600% from the bottom) as a result of the news about applying a 1.2% burn to all on-chain transactions made on the Terra blockchain. However, the most recent attempts to resurrect this now-failed initiative might simply be a sophisticated “pump and dump” plan. Can Luna Classic achieve one dollar? No, is the swift response. The supply of Luna significantly increased when the Ust stablecoin crashed in May.

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