Has Luna Classic become some kind of meme coin?

قیمت لونا کلاسیک LUNC PRICE

The price behavior of Luna Classic in recent days and its significant growth is reminiscent of the price behavior of Mimecoins in 2021. But can Luna Classic be considered a meme coin in the current situation? And is it possible that Luna Classic will ride the capital wave of this group of investors with the decreasing interest of Mimcoin players in Shiba and Dodge?

According to Mehen Blockchain and quoted by Youtoday, meme coins may be of little importance in terms of technology, but their impact on the market cannot be denied. Long before cryptocurrencies were as mainstream as they are today, Dogecoin brought a lot of new investors into the crypto space. Over the past year, Shiba Ino has formed one of the largest community of users and fans in the cryptocurrency market. Luna also had an undeniable impact on the market.

Sentiment Analytics uses its social volume index to determine which cryptocurrencies are most active during a bear market. This sentiment index can be used to determine the best meme coin in the market. Sentiment’s tweet says:

Over the past months, the top spot among memecoins has changed hands between Dogecoin, Shiba Inu Safe Moon, and even Luna Classic. All this time, we have seen that the social media dominance index for this particular type of digital asset (the same as meme coins) registers local maxima.

The interesting thing that these charts show is that the social media volume index for Luna Classic has surpassed Dogecoin and Shiba Inu by a wide margin. Because the price of this forgotten cryptocurrency increased by 500% since the beginning of September.

But it is too early to consider Luna Classic as a meme coin in the current situation; Because the increase in social activities can be temporary; Especially when the opposition of Binance exchange and other centralized exchanges with the proposal to burn LUNC transaction fees made the upward trend of its price difficult.

Shiba Inu and Dogecoin are no longer attractive to traders

Despite the recent recovery in SHIB price, the token is still at risk; Because its price is significantly far from the ATH recorded in November 2021 (Aban 1400). If the SHIB token goes through the downward trend and reaches its price level in 2021, the status of this meme coin will change; But according to the current market conditions, this issue seems unlikely to be realized in the short term.

Dogecoin is not in a good situation either, and according to the price situation of DOGE in the last few months, it seems that there is a possibility of it getting worse. Most traders of this cryptocurrency are old users of the crypto industry who are not willing to give up their favorite memecoin.

There is a certain type of investors in the crypto space who are interested in memecoins, and these developments in the main memecoins such as Shiba and Dodge have made them look for new options, and maybe Luna Classic has the chance to become the new memecoin of this time. be a few


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