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The LUNA price posted huge gains as the wider crypto market rose on Friday last week. With investors delighted, analysts have issued a stark warning: take LUNA profits off the table.
Attracted by the truly incredible benefits available via their Gold, Platinum and Diamond VIP scheme, investors have flocked to the project.
The market is still in the middle of an extended crypto winter. With the lack of solid fundamentals to focus on, traders are creating their own pump-and-dump schemes to keep prices moving.
The overall crypto market saw a major jump on Friday as major coins like Bitcoin and Ethereum broke out above their resistance levels. The Terra Luna Classic (LUNC) coin and Terra (LUNA) have also been the centre of investors’ attention this week.
But optimism on LUNA is starting to die down. The coin has lost traction after peaking at $7 on Friday with a 200% gain, with the LUNA price retreating since.
Industry experts have suggested cashing in on any LUNA gains before the price drops, with a huge number of investors selling. Projects such as The Hideaways (HDWY) are currently only in presale phase, with investors having a huge opportunity to get in early. At a price of $0.01, traders are stocking up on HDWY as the project looks to break the multi trillion-dollar luxury real estate market.
Terras LUNA climbed to $7 on Friday for the first time since Terra Labs distributed the first LUNA airdrop in late May. The coin recorded a 200% increase in 24 hours, with a trading volume of $3 billion on Friday.
LUNA is back in the top 100 cryptocurrencies after reaching a $900 million market cap. But the lack of reason to keep the prices
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