Transcription
Okay, things are looking a bit more positive with Terra Luna Classic and USTC at the moment. There's a little bit of whispers behind the scenes as to this USTC staking making an appearance in some way, shape, or form. And I must admit I'm quite excited for that. If they can figure out that rebalancing of the Oracle reward pool distribution.
But today is very interesting, this week more importantly. We are in the longest bear market that we have been in in crypto period. This one is longer than any before it and it seems like we're coming out of the end of it. We are in a rut at the moment and we're caught what seems like between Donald Trump's every word and what's currently going down in the Middle East. We've got peace talks tomorrow and I've been doing a ton of content on this. So if you are someone that just comes here for Terra Luna Classic news, check out the other stuff. There's a lot to learn there.
As always guys, don't forget to drop a like, subscribe if you haven't already, throw a comment down, and hit the notifications bell to keep yourselves up-to-date. The Fear and Greed Index is still sitting in that extreme fear range, but we're teeter-tottering between 14 and 16. This is a good sign. It means we're coming out of this rut.
Going over to crypto bubbles here and just taking a look at the 100 to 200 range which has our coin in being LUNC and we are poking our nose out on the week with 11.9% in price increase. But if you go to today, it's around 10%. This again is very positive. Typically in our sector, we don't tend to rise up that often. We've been in a consistent downtrend and times like this is where we get the opportunity to see if we're going to break this trend. If everything that we've been doing during this bear market is going to be paying off and that paying off is going to come in the form of investors, people grabbing a bag of LUNC thinking to themselves, "Well, how can I earn more money on this?" Not knowing because of the amount of emails I get on a daily basis asking, "How much do you get for staking? How do I stake? Will I get LUNC? Will I get USTC?" So many questions and people truly don't know much about Terra Luna Classic. It's just seen as this derelict chain that didn't make it through the crash when people simply not knowing. There's a lot on offer here. Not only can you build, can you maintain infrastructure, but you can also be part of a revival. You can gain from the Oracle rewards pool in the same way that everybody else does.
I really can't see anything else other than the USTC staking at the moment. That's really causing a buzz, a stir. Aside the monthly burns that we get from Binance that we've had for a significant amount of time which from my perspective alleviates sell pressure. That's one of the most important things. The biggest issue is we always see consistent sell pressure from those top validators that are simply not dedicated to this chain in any way, shape, or form. As you know, someone who's not dedicated to the chain and is not building [music] on the chain is likely going to be liquidating their assets that they're gaining. And honestly, we see this time and time again. Every time we've moved upwards on the charts, one of those big green candles, it's always terminated by a substantial amount of sell pressure and this has created a significant pattern that we've been tracking for a decent amount of time. And yes, we have to break that rut.
We do have a software upgrade and that's why I brought up Lunc dash and this is going to push us to V4. I don't really know much about this, but what I do know about upgrades is it's all technical jargon. It's for people who are essentially technocrats that really pride themselves on the technicalities of crypto and being smarter than everybody else and and being able to explain absolutely everything. From my perspective, over the past four years the software upgrades have done nothing but filled developers' pockets with cash.
So I start to think to myself, why are we moving upwards? Why are we suddenly seeing green candles going upwards for Terra Classic and USTC? Over the past couple of weeks, USTC seems to have its own pulse. It keeps [music] doing random moves, decent candles, and it's producing from my perspective what seems to be a beautiful decent base that could be followed by decent amount of space. So as you can see here, this is LUNC on the day chart and let me just get rid of the right hand side. But before I do, my Terra Luna Classic assets are the ones that are moving the most at the moment. So let's get rid of that right hand side view. Do what you want with that. If you want to track what I'm doing with my portfolio, you're more than welcome to. That's everything that I'm interested in or anything that I'm really invested in on the right hand side. Just go back, pause the video, and have a browse.
As I mentioned, we've been in this significant downtrend for a long time and this from my perspective [music] is merely just the substantial amount of assets that the Oracle rewards pool has been paying out and it's very unbalanced in Terra Luna Classic. Our Nakamoto coefficient is terrible. I'm not even going to mention it here, but just know it's bad and it's not like that over on Terra Luna, the V2 chain that was created after the crash by the TFL team and Do Kwon. It's very decentralized there, a very good Nakamoto coefficient. Our top two validators on Terra Classic have so much voting power that they're gaining so much in assets, the likelihood is they're the ones who are causing the sell pressure and each and every time there's a pulse, there's a move upwards from our asset, it's crushed on that descending trend line. And what I believe is we're going to hit that again. And I know this is not what you want to hear. You want to hear me say, "Ah, it's going to go up and you know, we're going to go to the moon. Ah, do lines all over the screen." But I'm just not going to do that. I'm going to give you guys my honest perspective.
What I believe is we're going to bounce here. We're going to bounce here because many of the validators are unintentionally also having to sell their bags just to keep their validators going during this bear market. Things should change in the future which will alleviate the sell pressure from the smaller validators, but that is still not going to change the fact that we have two validators that are gaining huge amounts from this blockchain that they're simply just selling. And again, the sell pressure has likely continued to come from these guys which has led us down into this descending pattern. Every time we move upwards, they're waiting. They're seeing how high this thing's going to go. They're working their angles and it's them who are responsible for bringing us downwards. This has been happening for a significant amount of time and for so long I would sit and say, "No, no, no, it's not them." But at this point, [music] where is the sell pressure coming from? We've just gone through largest bear market we've ever seen. Where's the sell pressure coming from? If all of the people have already got rid of their LUNC and all of the people that were going to leave have already gone, where's the sell pressure coming from?
But these top two validators are yes getting a significant amount of the available LUNC and USTC that's merely being unlocked from the Oracle rewards pool and then added back into the supply. They then go to their exchanges and they do what? They sell them which adds to the sell pressure which creates the downtrend. If you want to be angry, don't be angry at the guy drawing lines on the chart. Go be angry at these top two validators for continuing to run in a centralized manner, to continue doing what they're doing. There's only so much we can draw on a chart at this point.
What I'm saying here is if you're someone who's day trading, who's trying to make a little bit of cash, pay attention to this area here because the likelihood is we're going to bounce here. Let's say everything is tickety-boo and Donald Trump's fine, the war chills out, everybody is kumbayaing around the fire. Okay, then maybe we'll continue going upwards. There are so many issues right now on a global scale, it's unreal. I personally think this market, this green week that we're going through is a trick. There's still 400 kg of unaccounted for enriched uranium in Iran under Pickaxe Mountain. The United States are now, you've guessed it, running some kind of automatic selective service registration for soldiers. They're securing oil. I really do think there's going to be a lot more instability out there, but assets like LUNC are decentralized. We can decouple from all of this BS, but we've got to have a fair, equal, decentralized system from the ground upwards and right now that's simply not happening. Instead, we've just got these greedy validators providing nothing, doing nothing, and selling all of the bulk of the assets that they are gaining. It's really something that you should start to pay attention to.
But look guys, hopefully we get a push upwards. Hopefully USTC produces this big base and then we start to get this big space moving upwards. This is all dependent on what's going on with the validators right now. We are not at a point where we have got tons and tons and tons of investors and whales and everybody at this point has mostly ejected. And the people that have remained are die-hard Lunc fans that have figured out how to work the system to get gains during a time when there's really not much to get out there in the market unless you're day trading or ripping people off or creating meme coins on pump.fun.
But let me know what you guys think in the comments section below. Do you think things are calming down in the Middle East? Do you think they're going to re-ramping? Uh, why is America enlisting soldiers in an automatic selected service? What's with all of the drama around the oil and what the heck is going on with this enriched uranium? Pay attention to what JD Vance is doing this week in those peace talks because that's going to determine what Iran is even doing with the Strait of Hormuz. Is it tolls? Is it in lira or is it in Bitcoin or is it in stable coins? What kind of crypto? Can we get LUNC in there maybe? I always like to think anything's possible and anything can happen tomorrow. That's the beautiful thing about crypto is not knowing. One day you might be poor, the next day you might be a multi-billionaire. Who knows guys, stay safe, stay humble, have a great weekend. I hope you had a good week. Keep up-to-date with the content. Appreciate you guys turning up. Stay safe, stay humble, stay aware, and I'll catch you in the next one.