Analyst warns terra classic traders – Price lunc due to a massive crash in the coming days!

source:coinpedia.org
With a 50.58% increase in value on Friday, Terra Classic (LUNC) surprised everyone by emerging as one of the top 100 winners in the cryptocurrency market. LUNC has been rising for four days in a row and is up 77.36% in the last week.

The idea of the proposed taxation to decrease the supply of tokens may have motivated the increase in LUNC. The 1.2% tax will be imposed on all LUNC transactions, including wallet interactions and smart contracts, if the plan is approved.

However, investors are being warned by a well-known cryptocurrency analyst about an altcoin that has risen by almost 330% since August. The trader known as Crypto Capo claims that Terra Luna Classic (LUNC), the renowned version of stablecoin issuer Terra (LUNA), is bad news and that investors should avoid it.

Luna's price collapsed in May because its stablecoin lost its parity with the US dollar, losing more than 99.9% of its value. Capo's charts predict that LUNC will see a significant collapse soon.