Situs Slot Gacor Slot Gacor Gampang Menang Situs Slot Gacor

LUNC vs DOGE: Which is the best investment?

DOGE has dominated the meme coin market for the longest time, but challengers like LUNC are now giving it a run for its money due to the strong community behind it. Both digital assets have made (and not made) their fair share of crypto millionaires in the market. Both have been hit hard by the crypto market – granted, the collapse of LUNA Classic (LUNC) actually triggered the bear market – but investors continue to look at both digital assets in an attempt to make gains in the market.

Dogecoin (DOGE) is still in the lead

Even with the crypto winter, DOGE has not failed to hold a good portion of its value and as such has maintained its position as one of the largest cryptocurrencies by market capitalization. The meme coin also enjoys the support of important individuals such as billionaires Mark Cuban and Elon Musk, among others.

Dogecoin̵[ads1]7;s integration into many platforms such as Tesla and The Boring Company, as well as the Dallas Mavericks, has also given it some much-needed real-world utility. This ensures that it is always on the radar of investors who want a digital asset they can also use.

LUNC vs DOGE: Which is the best investment?

DOGE falls to $0.119 | Source: DOGEUSD on

When it comes to being a good investment option, the number of DOGE holders currently in profit shows that the meme coin is still a good choice. IntoTheBlock’s data gives 62% of all investors profit, which is much higher than Bitcoin, Ethereum and Shiba Inu (SHIB).

Dogecoin is also maintaining a bullish trend as whale transactions have also increased in the past week. Major holders had added $70 million worth of tokens to their balances at the beginning of the month, offsetting the new supply being dumped into the market, which could have dragged the price down.

LUNA Classic (LUNC) Not a bad game?

After the collapse fiasco had blown over, the market had welcomed LUNC into the ranks of the meme coins, and functioned the same way ever since. Despite billions of dollars lost on the token, investors have refused to give up on the altcoin, and for good reason.

Coins like LUNC have proven to be good for investors chasing big gains in a short period of time. The high supply and low price make it susceptible to large fluctuations in price. This volatility can often be a blessing or a curse depending on the position an investor is in and the direction the price is moving.

LUNA Classic (LUNC) price chart from

LUNC trending at $0.00022 | Source: LUNCBUSD on

The LUNC community has also made progress in trying to reduce access to the token. From a transaction burn tax to the Binance fee burn, the community has been able to remove more than 30 billion tokens from circulation in a few months.

LUNC’s market cap is also $1.4 billion, which leaves room for growth for the digital asset over time. However, this growth is dependent on what developers can come up with and community support.

It is important to keep in mind that a bear market is known not to be easy on cryptocurrencies like these, and even during bull markets, investors can lose significant sums of money in these assets. LUNC’s price is down more than 99.99% from its all-time high, while DOGE is down 83.87% from its all-time high.

Featured image from Finbold, chart from

follow Best Owie on Twitter for market insights, updates and the occasional funny tweet…

Source link

Back to top button