Crypto winter is something that we did not want, but have to live through. While it is a good opportunity for people who are in for the long-term appreciation of Bitcoin and Ethereum, many investors do not enjoy being in a bear market. Many are looking for alternative investment options that allow them to either hedge against risks or find avenues to push for “the moon”.
Terra’s Luna Classic seems to be the next target for many active investors interested in earning money right here and right now. LUNC is a very interesting asset that has a controversial reputation. The implosion that shook the market at the end of May convinced many investors that the asset is not something that should be taken seriously.
Despite many setbacks, some crypto enthusiasts are interested in reviving the whole ecosystem and creating a more stable project by introducing several changes like coin burning and other anti-inflation mechanisms via DAO. Developers of the network gave all governing rights to the community and the results seem to be quite promising.
The recent high is about $0.00031 and the median over the last month is close to $0.00028. During the last month, LUNC managed to gain over 160%. However, the growth from the end of May to this day is over 25 thousand percent. Such impressive numbers are a relief to those who decided to believe in the potential of this network.
Such outstanding growth is also a big surprise in comparison to the rest of the industry. Even Bitcoin which is still the most reliable and strong crypto asset that enjoys attention from mainstream media is performing worse. During the last month, the asset lost over 13% of its value and dipped below $20 thousand which was considered a strong support level.
Yes, it is a good moment to buy Bitcoin and hold it until it appreciates. On the other hand, investing in assets that perform even during an apparent crypto winter is also a very compelling idea. We are just happy that LUNC is doing well ever since its community started managing the network.