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HomeCrypto NewsMarketDavid Gokhshtein Takes A U-Turn On Terra Classic, Gets Excited About LUNC...

David Gokhshtein Takes A U-Turn On Terra Classic, Gets Excited About LUNC Road Map

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One of the most pessimistic people could be changing his mind about Terra Luna Classic.

For a while, David Gokhshtein has been known as one guy who doesn’t have any love for Terra’s Luna Classic (LUNC). LUNC came about after the collapse of the Terra ecosystem and the launch of Terra 2.0 with Luna as the new coin.

Gokhshtein is an influencer and founder of Gokhshtein Media and a former US Congressional Candidate. In a recent tweet, he seems to be softening his stance concerning LUNC. Apparently, he’s excited that LUNC is coming up with a new road map to revive the project and pump the coin’s price – as reported earlier by The Crypto Basic. The road map is crafted and sponsored by the “Terra rebels,” a section of the Terra community that supports Luna Classic.


Gokhshtein Has Been Strongly Anti-LUNC

While the influencer has been anti-LUNC in many instances, at one time, he referred to LUNC as a lottery ticket saying Terra classic has no utility. However, he seems to have changed his mood and is now appreciating the coin’s remarkable recovery trajectory.

He even shared this sentiment in a separate tweet a few days ago, saying “LUNC is up like 50% today based solely on this Binance burn”. Gokhshtein went ahead to confess that he was tempted to buy LUNC. Granted, LUNC started strengthening its foothold and mounting a good recovery after news broke that the Binance exchange would support the token burn on LUNC trading, the plan designed to reduce supply and support price recovery.

The fact that people like David Gokhshtein are now flipping their stances to express support for LUNC could be a huge deal for the embattled coin. Crypto could mount a strong recovery if more people invest in it and if the token burn is successful.

Still, Gokhshtein has a question, most probably for LUNA holders, which he needs to be answered regarding the ongoing spat between the South Korean government and Do Kwon “How is South Korea going to freeze 62M worth of Do Kwon’s Bitcoin?”. Kwon is the founder of Terra and is largely blamed for its collapse.

At the time of this writing, LUNC sits at position 31 in the charts and trades at around $.00028. It posts a 24-hour price increase of 3%. However, the trading volume seems to have decreased by nearly 30%. Time will tell if the increased support by influencers and exchanges and the new road map, will have any significant effect on the token.

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Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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