A massive token burn event, such as the rumored 2.7 trillion LUNC burn, can significantly impact a cryptocurrency's value by reducing its total supply. When supply decreases while demand remains constant or increases, the token's value tends to rise. This economic principle of supply and demand is fundamental to understanding how burn mechanisms work in crypto ecosystems. The video explains that such burns can potentially increase value even without new investment, as the reduced supply creates scarcity. The speaker also discusses how increased trading volume, attention, and liquidity can further accelerate value appreciation, creating a positive feedback loop for the token's market performance.
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Is LUNC About to Explode? Massive Burn?!Ajouté :
There is something massive on the horizon for Luna Classic. Now, if you want to find out what it is, hit that subscribe button and let's go. All right, so here we are at my personal Twitter page. I've shared this.
There are rumors going around that we're looking at a 2.7 trillion LUNC burn. Basically, all the assets Jane Street uh owned or minted will be burned.
Now, I don't know for sure when this will happen, if it will 100% definitively happen, but if it does, that would instantly instantly wipe out roughly a third of the current total supply, which is exactly what we need to push the value of LUNC up. Now, with um stories about this started leaking out, we already saw the price spike back up, and this becomes more clearer when we grab our chart. So, we've been looking at Luna Classic for obviously for a very long time, but the last several days, obviously, we've seen a massive spike up.
Yes, a little bit of a cool down, but we're we're seeing this little build back up.
And similar to ICP to the ICP video I did a couple of days ago, we saw we catch that momentum before it sparked up. And to me, this looks like the exactly same shape. So, if we just move that to the side, and we basically draw that little banana shape again, that is what I think we're looking at.
If we manage to keep that little support level here, basically turn that around as the hype starts increasing as well, because obviously all of Twitter is flooded with messages like this, and basically uh is looking like the early BTC setup in 2019.
I think I honestly agree with this because the right now I think Luna Classic is one of the most promising all coins cryptos out there.
Especially with the massive following it has, the ruling >> [snorts] >> uh the proof that it was manipulated, that it wasn't their own fault necessarily.
I mean that to me screams that we have we have a golden ticket in this.
I have a golden ticket in this because I own Luna Classic personally. I've bought bought it considerable bit. Actually, I bought more before the the little leg up we had yesterday. So, I bought I bought like two or three days ago. I bought a little bit more as well. Even even when the price was higher. That's how far I think this will go.
And the volume increase alone because of all this is already increasing our value.
And I said this time and time again, come volume, come value.
And basically, it means attention. It means liquidity, but it also in our case means that the burn rate is accelerating.
So, the more and more platforms, the more and more wallets, the more and more uh exchanges, everything that starts using this, transporting it, uh Binance uh is is burning their or at least a share of their fees as well.
As this accelerates, the burn rate itself will also increase. Add that that $2.7 trillion burn, that alone will increase the value. Even if nobody else uh invested in money into it, it would still the market cap does not have to increase in order to increase our value as holders.
So, that alone is already increasing our value. Now, obviously, it's going to take time, but if we extrapolate that for the next couple years, we are already making money.
But, as people start seeing these green candles, as we start to see this chart, and this to me screams like we caught the bottom and are reversing similarly to what we saw on ICP just a couple days ago.
And ICP is currently still actually within that banana shape.
Um we also see the price going up and it's still like our market cap is still only only around 500 million. So imagine it going back to 5 billion.
That's a 10x right there. And I'm going to do a separate video on this where we uh basically where I explain how we can make profits out of these all coins in the spot market by either trading them or taking advantage of these movements without actually having to be a dedicated holder for years if you if that's not your cup of tea. So I'm going to do a video about that separately. But personally, this is one of my longer-term holds. I am actively buying into this. Uh I took profits and I bought back.
And I intend to keep holding this for a very long time because I think we're still a little above that we're still way above that that previous spike even. So with all the the noise surrounding this, with all the attention it's getting, and I thought this was pretty cool actually that Crypto Zeus was one of the very very first crypto uh YouTubers I started watching back in 2021 or 2020 something around that era. So to see him paying attention to this as well is to me is a massive massive boost personally because I I'm not alone in this. He's seeing what I'm seeing.
So even or not even but a lot of other people are starting to see the same thing we're seeing. That Luna Classic is looking at a genuine opportunity to restore itself to its former glory.
Now, what that that what does that mean?
It doesn't mean, I think, that we'll see the old price, but it doesn't have to reach the old price.
Because there's a lot more supply, and we're buying at a lot cheaper prices than were available at the time.
So, all we need to do is watch the market cap.
If the market cap starts to balloon, if the market cap goes to 5 billion, maybe 10 billion, that's a 10 or 20x right there.
Now, if we invest our money wisely, and we do a 10 and 20x, that is right nowadays very unique in crypto.
So, I'm banking on that. I am investing into that. I am willing to lose the money I put into this, as well.
I don't say this enough, because I have a big stock portfolio, but I also do crypto.
The money I invest into crypto I is basically long shots.
And we maximize our efforts for those long shots, but I'm willing to take the bet that I either lose everything, or it's going to make me rich. And I'm banking on the second one, and I think Luna Classic is the project to bank on for this for this specific purpose. But, we're early.
We are early right now on Luna Classic, but if I'm looking at this, this is not a dead token.
This is a token that's coming back to me. It means it's coming back. All right, I want to know your opinion. Post in the comment section down below. Uh join the Discord. It is completely free.
There is a Discord in the description.
Join it. Ask me. Cheer for Luna Classic.
Post for Luna Classic. Whatever you want to do in there.
Join it, and I'll see you on the next video, guys. Peace.
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