Wednesday, November 30, 2022
HomeCrypto NewsDavid Gokhstein Compares Terra Luna Classic (LUNC) To Shiba Inu (SHIB)

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

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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.”

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.

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.

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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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