$LUNC איז אַ לאָטעריע בילעט אָן יוטילאַטיז, זאגט דער גרינדער פון גאָכשטיין מעדיע

טערראַ קלאַסיק (LUNC) is initiating a strong comeback against all odds. Amidst the failing crypto markets, LUNC has surged by over 140% in the past 7 days at the time of reporting. Despite these auspicious movements, most crypto proponents remain skeptical about the asset. In particular, the founder of Gokhshtein Media has revealed that he thinks LUNC has no utility.

Gokhshtein insists there is nothing behind the Luna Classic project

Media personality and founder of Gokhshtein Media, David Gokhshtein weighed in on the recent craze around LUNC’s latest surge. In his tweet on Tuesday, Gokhshtein called LUNC “a lottery ticket”, adding that the asset has no utility.

Gokhshtein noted that none of the individuals hyping the asset has given a reasonable answer to his question on LUNC’s utility.

When I asked about its utility, I’m told “who cares. just focused on the burn and it hitting $0.01,”

האָט גאָכשטיין געזאָגט.

He noted that all he sees are claims that the asset will rise to $0.01.

$LUNC איז אַ לאָטעריע בילעט.

כל איך זען אויף מיין טוועעט פיטער איז ווי עס וועט זיין $ 0.01.

ווען איך געפרעגט וועגן זייַן נוצן, איך בין געזאָגט "ווער איז דאגות. נאָר פאָוקיסט אויף די ברענען און עס איז געווען 0.01 $. https://t.co/k5T9PAslnc

- David Gokhshtein (@ davidgokhshtein) סעפטעמבער קסנומקס, קסנומקס

Gokhshtein had previously tweeted about the asset’s lack of good prospects amidst the hype surrounding its recent surge. “there’s nothing behind the project. it’s a lottery ticket,” he said.

LUNC’s recent rally took the asset to a 3-month high of $0.00044 in 7 days

LUNC has been rallying persistently in the past week. This rally follows a burn פאָרשלאָג from the Terra community. The community seeks to resuscitate the asset with this upgrade. The burn mechanism would introduce a 1.2% burn fee for every LUNC transaction carried out.

Exchanges such as U.K.-based Y-5 and MEXC Global have indicated support for the upgrade and burn mechanism. This proposal would contribute to the reduction of LUNC circulating supply which should help in its price actions. Notwithstanding, some investors in the community do not believe the asset can be restored.

Despite the recent rally, some still believe the development could be an elaborate pump-and-dump scheme. Luna Classic has staged a surprising rally amidst the inauspicious conditions plaguing the crypto markets. Following its dip from the lofty position during the טערראַ קראַך, the asset had been largely consolidating around $0.000099 for the most part.

The recent rally took LUNC to a 3-month peak of $0.00044 before losing steam. The asset appears to be losing its momentum, as it is currently seeing a decline of 6.53% in the past hour at the time of writing. Notwithstanding, it is still seeing some minor gains in the past 24 hours, up by 8%, as it trades at $0.0003621.

אביגאַל .וו. איז אַ שרייַבער פון קריפּטאָקוררענסי מיט איבער 4 יאָר פון שרייבן דערפאַרונג. זי פאָוקיסיז אויף נייַעס שרייבן, און איז באָקע אין סאָרסינג הייס טעמעס. זי איז אַ פאָכער פון קריפּטאָקוררענסי און NFTs.

די דערלאנגט אינהאַלט קען אַרייַננעמען די פערזענלעכע מיינונג פון די מחבר און איז אונטערטעניק צו די מאַרק צושטאַנד. טאָן דיין מאַרק פאָרשונג איידער ינוועסטינג אין קריפּטאָקוררענסי. דער מחבר אָדער די ויסגאַבע איז ניט פאַראַנטוואָרטלעך פֿאַר דיין פערזענלעכע פינאַנציעל אָנווער.