Luna Classic seemed set for an impossible comeback in September.
News of the impending 1.2% burn tax on Binance sent Luna Classic (LUNC) prices soaring over 500%. But then what happened? The LUNC community got cold feet and voted to reduce the burn tax down to 0.2%.
The fearful move has taken its toll on LUNC, with prices down -68% some three months later.
Meanwhile the brave altcoin EverGrow has not just defended its bold 14% transaction tax – but it's raised its prices over 43% in the month of November!
You can read more about EverGrow here: https://evergrowegc.com/
Crypto traders are prone to buying on emotion, rather than logic.
While forums abound with dreams of Lambos and mansions that LUNC traders will buy when the token hits $1, it's all fools gold! Luna Classic only had a real shot at $1 within our lifetimes with the 1.2% burn tax.
Think about the math. Luna Classic has a circulating supply of 6 trillion LUNC tokens. To be worth $1, the LUNC market cap needs to be equal to supply – a $6 trillion market cap!
The entire crypto industry barely held $3 trillion in the last bull market.
There's just not enough investment in crypto for LUNC to be worth $1 anytime soon. Furthermore, LUNC will have a tough time convincing venture capital to invest – because there's no one in charge of development!
LUNC got a scare in November because Terra is launching a new wallet (Inter Station) which may or may not support Luna Classic.
So you might not even be able to access your LUNC tokens in a few weeks! And you want this to be worth $6 trillion? You're better off trying to reach the moon by bicycle.
Luna Classic got scared of a 1.2% burn tax. They thought it would push investors away.
So how has EverGrow not only kept a 14% transaction tax – but also ramped up investment and risen 43% in price in November?
By burning tokens, that's how!
EverGrow launched an NFT marketplace in September called LunaSky. It's the first marketplace in crypto to send 100% revenue towards burning. In November, around $12,500 per day has been buying and burning EverGrow.
The EverGrow burn is going to ramp up in 2023 as EverGrow drops a content subscription app (think OnlyFans, just paid in crypto) as well as a wallet and token swaps. Each are going to send revenue to burn EverGrow – and the prices are going to PUMP!
Instead of in-fighting, EverGrow has created an ecosystem that benefits everyone.
But there's just one problem…
If you're thinking of investing in EverGrow, you don't have much time. Prices are rising fast as the burn continues. Soon, EverGrow will break out and you'll be sorry you missed that sweet ROI!
Why not buy EverGrow today on the website, using either BNB or BUSD: https://evergrowegc.com/
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.