Luna Classic Rally!

I've been waiting a while for this rally to happen.

There are many different investment strategies that investors use. One strategy is to buy when the price is low. Some investors take the strategy to the extreme and begin buying after a major crash. The idea is that there is only upside after a major crash and these investors truly believe in the asset over the long term time frame.

That would be the case with the crash of the cryptocurrency Luna. After the cryptocurrency crashed and lost essentially all of its value it resulted in some cryptocurrency exchanges going bankrupt. Many of them halted trading for several days or weeks. It was a huge fiasco. When trading resumed for this cryptocurrency many holders of Luna found out that they now are holding Luna classic, Luna 2.0, and Luna Terra. Basically the cryptocurrency split into three separate currencies and any holders received the three cryptocurrencies. Well at least that is what happened to me. I made a block purchase after the crash in Luna. You can see those three crypto assets in the picture below.

Until recently most trading platforms have frozen the trading of all of the Luna cryptos until liquidity returned into the crypto assets. Once the trading resumed one of the three cryptocurrencies started rallying while the others remain stagnant. You can see in the chart directly below that Luna classic has been on a strong rally as it has increased in price by over 90%.

In the chart directly below you can see that in the past month Luna Classic is up over 400%.

I have seen the cryptocurrency market crash before. And every time cryptocurrencies crash many of them will still make new all-time highs in the future. I'm not sure if that will happen for Luna Classic but this strong rally can not be ignored. If you truly believe in a cryptocurrency and it has a big sell-off or a crash like Luna then that would be the best buying opportunity for the cryptocurrency. Only if you truly believe in the crypto asset.