Nearly two weeks after the infamous LUNC gradually burned down on a large scale, the number of cryptocurrencies burned remained unchanged for a long time. In the seven days after the completion last week, the number of coins burned by LUNC was about 7.2 billion.
In addition, the number of coins burned by Binance tomorrow, October 10, should be known. Recall that after the first batch was burned, nearly 6 billion Luka collected by way of transaction commission was removed from the market.
According to the trade volume data, it is estimated that LUNC lighting will also decrease. Therefore, according to CoinMarketCap data, if the trading volume of LUNC is 913 million dollars on Monday, October 3, its value will slowly decline to 250 million dollars by the end of this week. When the important amount of ignition accounts for the amount of transaction commission and transaction tax, the reduction of trading activities may have an unpleasant impact.
The price of LUNC has been falling all week. Because of the failure to get rid of the key pressure of US $0.0003465, the LUNC price fell rapidly, reaching the support point again and again. At this stage, the buying and selling price is less than US $0.0003.
It seems that LUNC's price has already retested this level, because it is unable to get rid of this point, and the price is falling further. Given the previous significant control over pricing, cryptocurrencies remain extremely risky for speculation. You may see LUNC pump and garbage station again in the future.