LUNA Pump: More Gambling, Less Investing

LUNA, the famous crypto best known for causing probably the biggest havoc in the crypto space this year just went up by over 200% in the last 24 hours. Also in the past week or two, every crypto associated with LUNA has pumped so hard and people are seriously talking. Could these projects be on their way back to the redemption or they're all just seem big traps set by the the big players. I honestly can't say for sure, but I'm quite certain about one thing, LUNA and other affliated projects currently has more gamblers than investors.

After all that happen with these projects in the past few months, one would think people would just let it die, stay irrelevant and move on to other more fulfilling projects. After the crash, I believe LUNA and affliated projects comprise of more gamblers than real investors because many of the folks that I know joining the train do so for no other reason than to enjoy the wealth that could come with a redemption. That these projects may somehow find their way back to glory and would ultimately make them rich. Well, sounds like me gambling my way through shitcoins a couple months ago.

Well, gambling isn't a new thing in the crypto space, as a matter of fact, most people involved in cryptos actually do gamble unintentionally. I'm guilty of this as well. However, gambling isn't a crime and is allowed so long you understand the risk involved and willing to pay the price.

LUNAtics which is the nickname of the the LUNA community comprising of true believers in the future if the project have been working so hard so revive the project and bring back its glory. Seems like the work they're putting in is paying off and I'll just love to see how this plays out.