Terra Luna Classic | Can LUNC 10x When The Burns Begin

over 500 billion tara luna classic  staked at this point that's over seven  and a half percent of the entire supply  of terra luna classic we've got 20 000  traders per hour on kucoin alone buying  and selling tara luna classic guys the  price is reaching new recent highs the  excitement is growing fomo may kick in  here pretty soon and we've got a long  way to go before it's done in this video  i want to talk about some of the price  points that we can see in a very short  period of time if you're thinking that  10x is out of the question i'd think  again after looking at the at the chart  and seeing these technical levels of  resistance that we've got but i also  want to talk about what to expect when  the burns finally get implemented  because uh at this point it's better  than what i was expecting just a couple  of days ago so let's discuss it if it  sounds like something you're interested  in let's get started  [Music]  what's up everybody i'm clay i'm here to  make 2022 the best year ever if you ever  click that subscribe button make sure to  subscribe to the channel join us become  a bro we are here every single day and  we are growing our portfolios together  and we're i mean i don't know for over a  hundred thousand at this point or not  but make sure to click the subscribe  button guys and thank you in advance for  hitting that hundred thousand mark  absolutely appreciate it nonetheless if  you guys are brand new to trading you  don't know how to invest or don't know  where to invest sorry you've got a link  in the description below for weeble  super simple to set up your account any  deposit you guys are getting six to 12  free stocks one dollar crypto trade  you're gonna get five dollars in free  crypto and if you want to buy it sarah  luna classic you've got a crypto  exclusive exchange down there in kucoin  not only can you buy and sell terrell in  a classic you could do it on leverage if  you would like 5x leverage trading  terrell in a classic think about that  over the last week we have over like  forexed in price  multiply that by five you would have 20  extra money just in the last week alone  buying teraluna classic on leverage on  coolcoin it is dangerous of course you  5x extra losses as well so make sure to  check that out if you guys are  interested in it um but nonetheless guys  we get we get a lot to cover in this  video because terryland classic has been  doing so much just over the last week it  has been growing the community's been  growing and everything seems to be  falling into place just like we wanted  it to do  now guys let's briefly talk about the  next levels of resistance and then we'll  talk about the burns and what we can  expect to see there  but look we are running and hitting  these new recent highs  35 36 000 points per coin was reached  today and i do see some people saying  that it's going to stall out and it  absolutely could i mean it it could cool  down a little bit we may see a pullback  we may see a trade sideways we may see  the lunatics do exactly what lunatics do  and continue to buy and throw it even  higher but here's the deal that we that  we need to keep our eyes out for  if we go back and this is the difficult  part when you're looking at the  technical side of things on cereluna  classic it fell so quickly from a  hundred dollars per coin a hundred  dollars i know we're sitting at point  zero zero zero three five right now  it felt so quickly that we've barely got  any one hour candles to look at  and it's difficult to achieve these  candles but nonetheless if you scroll  your graph out and you look at the one  hour candles on terra luna classic you  can see that after breaking this 35 000  point per coin level the wick  the wick and only the wick on that hour  candle goes up to roughly 50 to 60 000  points per coin guys that's another  75  to 100 increase from where we are right  now that's the wick on the candle wicks  are very very low levels of resistance  the candle prior to that just one candle  prior  guys you jump up and you are retesting  once you gap up to that level you are  retesting a third of a cent think about  that a third of a cent a 10 x increase  from where we are right now on the one  hour candle chart guys it's  it's not going to be easy okay i'm gonna  put that out there right now  falling down was a much different story  than going back up as we were falling we  were  we were printing more and more and more  coins that's why terrelline classic was  falling the way that it was so  theoretically once the burns kick back  in if we are able to burn those coins at  a similar rate that they were being  printed just a couple of months ago yes  we could absolutely rise as fast as we  felt now there's going to be a lot of  haters out there that say there's no way  and they're already doing it there's no  way that you can burn terra luna classic  down to the levels that you want to burn  it to there's no way to burn billions of  terra luna classic there's no way you'll  reduce the supply on terrible  classic i don't think that they  understand what the lunatics have done  so far  guys i will i will side with the bears  in this sense tara luna classic should  have been dead think about that it was  abandoned by its developers it was  abandoned by its leader its founder it's  it's you know it's father in a sense  dokwan and all of these developers  leaving tara luna classic it should have  been done  i mean it should have been dead the  rubble should have been left alone  oh but it wasn't  the lunatics come in  the lunatics say you know what we've got  a layer one block chain right here that  is worth millions of dollars let's build  it  let's make it worth billions of dollars  and that is exactly what has happened so  far  guys once these burns kick in let's just  look at a couple of these numbers here  because they're not they're not we've  had some amazing support from lunatics  token burning two billion coins so far  think about that they are the number one  burner with over two billion teraluna  classic burnt we get major exchanges  like mexi global burning and they're  burning roughly ten eleven million  terran classic a day  let's put these numbers into perspective  here  today's volume it's up roughly two to  three hundred percent from the prior 24  hours  previously we had 400 million dollars  worth of tereluna classic traded  yesterday on the on the previous rolling  24 hours  today  1.4  billion dollars being traded in terre  luna classic think about the scale of  that one point four billion dollars  being traded in tehran classic apply the  1.2 burn tax  just do it apply that 1.2 burn tax and  at the current prices you get roughly 30  and it's roughly we're just we're  rounding here  roughly 30  billion tokens that would have been  burnt at the current prices guys if you  just do the prices from yesterday right  if we do have a pullback don't think  it's the end of the world if we go back  to 25 000 points per coin we would have  burnt 50  billion tara luna classic at those  prices at the current volume once that  1.2 percent burn tax is implemented guys  if you're burning 30 40 50 billion  heroin classic a day it takes two to  three weeks  two to three weeks to burn one  trillion teralyn classic that's one  seventh of the entire supply  if you don't think it's impossible to  reduce that supply of terra luna classic  you have to think again  now i'm not going to say it's going to  be easy i'm not going to say it's going  to be guaranteed anything like that and  we know if you guys have seen any of the  videos by now we know it's not going to  be this linear model we know that as the  price grows and as the price increases  the number of coins being burnt will  decrease everything else remaining the  same if volume continues to fall you  burn less coins there's so many factors  that go into it but it is an absolute  possibility to clean this mess up and to  take terre luna classic to new heights  potentially  new heights that it's never even seen  before  market cap is there we are growing and  it is i mean i mean this is exciting i  want to know what you guys think down in  the comments below  what price do you think we can reach  once the burns begin let us know down  there and of course if that button right  there still red make sure to click it  subscribe to the channel join us become  a bro we are here every single day and  we are growing our portfolios together  you guys are getting six to 12 free  stocks on weeble you got tara luna  classic or on leverage if you want on  coo coin so make sure to check that out  you guys got a free discord and until  the next time hope to each and every one  of you have an awesome day