David Gokhstein Compares Terra Luna Classic (LUNC) To Shiba Inu (SHIB)

Gokhstein compared LUNC to SHIB before it went parabolic but maintains a bit of caution.

In a tweet today, the founder of Gokhstein media, David Gokhstein, has compared LUNC to the early days of SHIB, noting the similar energy from the LUNC community.

However, he emphasizes that utility should be the primary focus of the community.

“LUNC reminds me a bit of the SHIB — in a sense of how crazy the community was when they first popped on the scene,” wrote Gokhstein. “But utility is key.”

$LUNC reminds me a bit of the $SHIB — in a sense of how crazy the community was when they first popped on the scene.

But utility is key.

— David Gokhshtein (@davidgokhshtein) October 3, 2022

It bears mentioning that Shiba Inu was the most popular crypto of 2021, surpassing even Bitcoin. Notably, the token surged by over 45,000,000% in the year. 

Like Shiba Inu, LUNC is increasingly dominating the crypto conversation due to its active community. It continues to lead search trends on data tracking platforms and dominate volumes on exchanges that have shown support for it. Market analysis firm Santiment Feed noted in September that LUNC showed similar volumes and price action to Dogecoin and Shiba Inu before they went parabolic.

LUNC recently tapped volumes equal to Ethereum and continues to be among the top 10 assets by 24-hour trading volume.

So interestingly

Market Cap ?#Ethereum is 75 x #LUNC#Bitcoin is 180 x #LUNC

Volume ?#Ethereum = #LUNC#Bitcoin = 3 x #LUNC

So should #LUNC have 75 x it's current market cap??

— TerraRebel (@RexYellerBelly) October 2, 2022

Gokhstein was dismissive of the token, calling it a lottery ticket. However, the entrepreneur has shown some excitement about the project following the roadmap release by the Terra Rebels.

SHIB remains one of Gokhstein’s favorite tokens, and his comparison of LUNC to it is a testament to how much the Gokhstein media founder’s views on LUNC have changed.