coachanthony retweetledi
The explanation is long, but to put it simply, when Bitcoin's dominance increased and the price of Bitcoin rose, there was a rapid rise in Bitcoin-affiliated RWA coins. This led to a reactionary effect between Ethereum and Layercoin. In particular, #ARB was under more pressure due to the lockup release issue. However, this is a process that must be passed, and in the last Bullcycle, #MATIC, #SOL an Ererium-based layer coin, also went through the lock-up release process and showed a strong rise above X500. I believe that ARB will follow the same trend as MATIC and SOL in the past during this bull cycle. #LUNC suffered more losses than other coins in terms of supply and demand as investment sentiment did not recover due to preconceptions about the LUNA crash. It is important to properly understand LUNC, correct misunderstandings, and eliminate prejudice, and many people are still confused between LUNA2.0 and LUNC. Personally, to be honest, I think that if LUNA 2.0 is delisted from exchanges and TFL's influence disappears due to a court ruling, LUNC 0.03 can be surpassed very easily and the price can rise to a much higher price range.
Classic Crypto | Community First | CARNAC Trading@_ClassicCrypto
@kimmyboy2 👀 what causes coins like #LUNC and #ARB to be depressed?
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