Terra Luna classic price has climbed quite a lot in the last few hours. So, what I want to do is give you another critical update about this cryptocurrency. So, we’re going to run through some key updates where is this crypto up to what needs to happen for the price of this crypto to go up and what is some other key important information. You guys need to know in the crypto market today.
What am I seeing right now is over on twitter in particular Luna classic is really starting to trend a lot. So, I’m picking up tweets from a lot of different community members over on Twitter.
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One thing in particular is what I am seeing is Luna classic. You can actually see it live as I record this video on the right-hand side. You’re going to see trending tweets. Luna classic burn there is a lot of attention on Luna classic. You can also see the Luna classic Dow and it says right here in 24 hours-time depending on how many retweets. They get there’s going to be more burns of Luna classic right there which is good to see.
So, what am I seeing over on twitter. You have to remember Twitter is like the front lines of cryptocurrency so if you’re not on Twitter I do actually recommend getting a Twitter account and this is not only for Luna classics. So, if you’re holding a classic it’s going to be very good for you but even if you hold other altcoins in your portfolio one thing that I’m a big proponent of is that you have to be active. So, you have to be active. You have to be helping out your cryptos where you can particularly over on Twitter and things like that. So, I think those people who proactively help out their cryptos. It can be very rewarding for the cryptocurrency because one of the things Twitter is like the front lines of crypto. This is where cryptos people learn about crypto. So, if you get trending over on Twitter. It’s very good to see for this cryptocurrency. So, what I’m going to do is I’m actually going to drop a retweet for these right here on the video to get this one up and running to get some more burns for Luna classic right there because the more burns. We get with this cryptocurrency the better. It is going to be for the price of this and that’s what we want to see when I see the price go up for Luna classic. If we have a live look at the total burned for Luna classic.
you guys can see right here total burn for Luna 1.2 billion currently we do know potentially more community burns are coming in the pipeline what else is coming in the pipeline as well so those community burns are really good over on Twitter. But what else we want to see is that we want to see the big guy come to the table we want to see seize out of balance binance.com come to the table and you guys can see right here. I’ve got the coin market cap volume numbers for binance 63 million dollars so if we do get this 1.2 burn on the chain. So, it’s put onto the contract it’s running live what would be great to see is binance implementing that burn so what happened needs to happen is CZ will consider that after that and that is where some really big numbers for this crypto burn can happen. So, if CZ’s out of Binance can actually implement that get that going you’re going to see 63 million dollars worth of crypto 1.2 of that per day. If the volume stays consistent that’s going to burn up the crypto so that is really good to see right there.
If we do have a broader look at the crypto market today you guys can actually see the crypto market’s actually in the green today and that Luna classic is probably one of the best ranked cryptos. In terms of growth today up about 20 which is great to see QNT is up 23.9 a lot of the other cryptos are up in the green today so a good day in the crypto market. But, again if we go back to this price right now for lunar classic what’s going to be pivotal for this one to even go higher than this. So, I think it’s good to see this nice around 20% increase in the price. But, realistically I want to see that 1.2 percent of the chain getting developed uh put that on the chain and then I actually want to see. The dev team gets in talks with finance so I want to see that next step. If we can get onto binance and actually get a 1.2 percent burn from the centralized exchange of Binance, hold Caesar to his word of he’s saying right there they need to implement it on the blockchain. So, let’s get it implemented on the blockchain.
Then. Let’s get back into conversations with finance and I think if Binance agrees like he’s kind of alluding to that is where some more exciting movements for this crypto can come out. Now, of course, I am a crypto fundamentalist so what does that mean. I also want to see the Luna classic blockchain the ecosystem has some real utility as well. So, a lot of cryptos out there. They struggle with utility and they also struggle with the community as well so getting a community and getting some real utility is very hard community. Actually, I feel is harder than building out the utility. But, over on Twitter, you can see it. There are lots of people who are tuning into Luna classic. They’re interested in this crypto so I actually think the community part is on par right now. But, what do we need to see we need to see that utility get built out? So, I’d kind of compare Luna classic if I was good to do a bit of a comparison to another crypto right nowю
Another crypto I like quite a lot that I think is building a lot of utility is Shiba Inu. This one again if you have a look at Shiba. You look at the market cap of Shiba Inu 6.2 billion right there. If we go to the market cap of Luna classic. The market cap’s only 751 million right there so in comparison to Shiba which I feel is a very strong community crypto that actually has some nice utility getting built out with their metaverse and things like that. That is what Luna classic can aspire to be so I do like to benchmark these cryptos against each other. But, I do, but I also feel there’s lots of room for collaboration in the crypto space. So, it’s not a zero-sum game. I think Luna is classic as it starts to build out this utility. That is what’s going to really help it out. So, the next pivotal steps we want to see a three-point plan very simply we want to see that on-chain burn happen for Luna classic. So, let’s get that 1.2 percent on chain. Next step we want to see is we want to see finance. So, let’s have another conversation with CZ of Binance right there. I think that’d be really good and then after that I reckon the build out of the actual ecosystem would be another thing so all of these things right here will definitely help to uh support the crypto support the price of the crypto and uh it’s all very important and again
It’s going to be a long-term place, so we have to focus on the long term. But, again the quicker this can happen the better but again a lot of cryptos it’s going to be long-term. So, this probably won’t happen you know 24 hours a week you have to have like a long-term mindset in cryptocurrency. Just as a bit of a long-term mindset. I want to refresh you and this is a real example. If you guys are in the market when b and b coin itself CZ has just put out this tweet right here five years ago today BNB. BNB began live trading on Binance within minutes it dipped below the ICO price of six cents and stayed there for about three weeks the highest-pressure period in my life. Nothing is easy and uh you guys know the story ever since, so if you’re getting into cryptos.
They’re like six cents and we look at the Binance coin today that’s 237 dollars doing some rough maths on that. That is a rate of return on investment of 394 000 which is insane. But, this is the magic of crypto right there. So again, those people who invested into finance coin when it was at low when as when it was at its lowest. When it didn’t have much in the ecosystem and this one continued to get developed. It did very well. The story people got made people became millionaires and now people are retired off that and that’s all-truthful facts and that’s what can happen in the crypto market so just watch out for gems. I’m bullish on lunar classic and I think if a lot of those things can happen that we spoke about in the future potentially I think this one is a nice one to hold in the portfolio. But, again as I always say crypto’s risk is you have to always be comfortable with those levels of reward and risk not all coins will do 100 x or 394 000 returns and some of them may go down in price.
This article is a transcription of a video made by Crypto ZEUS
Original video: https://youtu.be/nMQADNh0WCE