As Bitcoin and other cryptos tank, it is time for Luna Classic to showcase its potential. Hidden within Luna Classic’s archetype is a Sigil, dictating its rebirth and rise to prominence. Unlike other tokens, the Luna Classic has already made its journey to the underworld and is now ready for a phoenix moment!
The last few months have been historical. We have seen the complete annihilation of Terra UST, the cataclysmic fall of Terra-Luna token (now Luna Classic), the near-failure of Celsius ecosystem, and now, what appears to be a total collapse of the Crypto market. Bitcoin has fallen from its last support of $29,000 to $17,500 today, bringing down the entire industry.
We are witnessing the beginning of a new crypto world. And, Luna Classic has a single opportunity to galvanize the entire community as the cheapest layer 1 platform available.
Luna Classic has actually performed better than Bitcoin and other cryptos during the past few weeks. It has sustained the blows of the fallen market and is actually rising as I am writing this article. What is the cause of this sudden change in direction?
One reason could be the realization that Luna Classic is not Bitcoin or Ethereum. It is already at the bottom. It has nowhere else to go but up from here. After all, the token was abandoned by its founders and is now a community project. As such, it is now a token of hope, a light pointing the way forward in the midst of a cloudy storm that has engulfed the entire crypto world.
Where we go from here is unknown. One thing is for sure, however. This is not the end of Crypto. It is the renewal that the entire industry needed in order to get its priority right. Crypto had become too exuberant. Lots of crypto investors over-estimated price potentials and even called for a $1 Million dollars Bitcoin in the midst of a global pandemic, inflationary pressures, war in Europe, and supply chain congestions. Get Real!
The fall of Luna Classic was the first indicator to point towards a recalibration of the crypto market. Now, the rest of the tokens are facing similar challenges as investors pull back to the safety of fiat currencies, causing a market collapse of historical proportions.
In the midst of the falling crypto sky, there is a shining beam of light — Luna Classic. Are you ready to join the global community of Lunatics who have been abandoned for dead? If you are, then be warned. We’re all crazy here in the Luna-Classic camp. We have nothing to lose but loss itself!
In compliance with the financial disclosure requirements, I must inform you that I am not an investment advisor. This article is for information only. Do your own research. Furthermore, I own Luna, including units which I purchased before and after the UST/USD depeg.