TERRA LUNA CLASSIC & UST being saved by Binance!? Terra Classic to 1 Cent or 0.10 Soon!?
We got terra classic both ust and luna, absolutely pumping out of nowhere. So we are going to be discussing why this is happening. What is interesting about whats going on right now, theres, definitely things that have come out just today, thats very interesting and where i think the price is going to go next. So if you do like that sort of thing smash up, the like button hit the subscribe button and lets jump pa straight onto this channel. But remember, of course, not a financial advisor just a random guy sitting in his room. If you do want to come over and take part in my daily giveaways over on twitter, all you have to do is follow the link to my twitter follow and daily. I give away ten dollars that easy and if you do want to trade, the volatility in luna or any other coins right now, one of the exchanges that i suggest is by bit one of the best exchanges out there. It works perfectly if you do want to get into your leverage trading its awesome for that and the best way to go about this is using low leverage. We are in a highly volatile space in the market, theres a lot of gains to be made, but only if you know what youre doing and if you do sign up using the links down there. In my description, you can get over a 4 000 deposit bonus right now, its absolutely incredible stuff.
The overall cryptocurrency market we can see today is pretty much red. We do have luna down today, but it has been significantly up recently. Bitcoin is just kind of sitting and chilling out where it is right now were not seeing really many moves. Now we did dip below that 20 000 mark, but now were sitting just above twenty thousand dollars waiting to see whats happening next, like ive been saying to you guys, my opinion likelihood were gon na see this play out again. We see whats going on right here. This sideways consolidation. We might see that again for the next few weeks and then another trapdoor opening to around that 14 000 mark, which is something that i see. Obviously we dont know exactly whats gon na happen, so all im personally doing is dollar cost averaging into my long term. Convicted plays convicted plays conviction plays whatever you want to call them. Eight anyway, crypto greed and fear index sitting at an 11 today. So the market is still ultra scared of whats happening in the overall world. We need to see the macroeconomic landscape get better before we can get back into any sort of bullish momentum, and that is why why im very skeptical about whats, going on with tara luna right now today down two percent on the overall cryptocurrency market, but classic luna Down 10, we got ust up or down 30 today, and then we have the new tera2 down 14.
So, although they are down, if we do just chuck these onto the weekly charts, we can see significant price action happening here. For all of these coins, significant price action, so a pullback is definitely expected. We can see here we have had a significant pullback, but again just to these regions. In my opinion, right now, first of all, we are seeing the moon boys come out in full force on youtube, saying that terror is going back to a dollar or even you know, one cent 10 cents, 50 cents whatever. It is ive seen a lot of comments on my channel asking me where i think its going and i dont think its going to a dollar. I dont think its going to 10 cents and i dont think its going to one cent lets just break this down. For a second all right, so if we check terra classics, market cap right now sitting today at just under a billion dollars, 888 million right thats, the market cap. The all time high for the market cap lets just chuck this onto all the all time. High right here at around 40 41 billion dollars. So if we take the old market cap of around 41 billion – and we divide that by the new market cap, we get 46 right – which means this is 46 times smaller than the old market cap, which also means we can times this price right here, chuck that Into this there times it by 46 and if the old all time high of the market cap happened again, we would have a price of 0.
0062376. So half of one penny all right, just over half of one penny. If the market cap of terror classic went back to the old market cap again, half of one penny right keep in mind that the majority of people that were invested in this are gone. Liquidated done, kaput now its got community community behind it. And yes, we could see massive gains here. There could be five 10 20 x gains to be had here possible right, especially if there are burning mechanisms that come into place, but right now i want you guys to expect what is a reality here. Even if we went back to the old all time high in market cap, the price of lunar classic would only be half a penny. So keep that in mind when youre watching videos of people saying its going to a dollar people going to 10 cents. All of that sort of stuff all right. If it went to 10 cents, it would be 20 times bigger than it ever was: okay 20 times the size of it used 20 times the size that it used to be so 41 times, 20 820 billion dollars. All right, that is, the market cap of the entire cryptocurrency market. Right now, my opinion its not going there, but of course you guys can make your own decisions going forward now with that out the way there is some very interesting news coming out. If we check finances wallet on terrafinder, we can see they are holding 344 million dollars worth of lunar classic and over a billion ust classic right, very interesting stuff.
Here and just today, they released articles how to buy terra classic and how to buy terra classic usd it does seem like finance is brewing up something here. We know that czed lost a lot of money in this. We know that he was vocal about the fact that he didnt like the way dokuan handled the situation. We know that hes lost money. We know that he wants to provide value for the community, so he may very well be brewing something up here now this money that theyre holding on the terrifying may very well just be liquidity for the exchange. Keep that in mind, but it is definitely possible that there is something brewing here now. With all of that said, of course, i dont want to be against you guys, im holding some terror classic. I would love to see a comeback. I would absolutely love to see tara classic go back to half a cent or the 41 billion dollar market cap. I would absolutely love to see it. Go higher. Itd be incredible. Itd be one of the best comeback stories ever in crypto and we are a part of it right. I used to be a holder of ust. I got absolutely decimated from that now: im, a holder of classic just a very small amount in my portfolio. I would love to see the market cap come back. I think it would be amazing. The community would be made whole and it would be amazing right, itd be great.
With that said, i do have provided you some value today.