before you read this, please check the chart and go to major exchanges to see the price of luna. then, i hope the chart you see matches the one i see.
yesterday, luna price went up by more than 30% in 8 hours. it went from $0.37 to $0.49 in just 8 hours. that means there were about 450% profits in these 8 hours.
but when we woke up this morning, we saw luna price at $0.46, which is less than the previous ath of $0.51. so, luna is starting to downtrend again .
so, what's going on? luna price went up, but as soon as we got tired and went to bed, it dropped down by 11%. this situation indicates that luna may be losing its strength to keep going up.
one thing to consider is that there is an ongoing luna point-based event on firebird invesment, a major exchange.
maybe the reason is about this event.
i hope the price will catch up with btc and reach $1 soon, because the community is so big and excited about this project.
i'm just rambling, seek for your own advice.
please feel free to share your thoughts about this news.