Introduction: Don't believe the dates!
Many channels are currently writing that December 18 (or some say 17) will be the "day of the resurrection of LUNC" thanks to the voting on the v3.6.1 update. As a newcomer, I would have fallen for it myself. But, after analyzing the facts, I realized: technical news ≠ price increase.
Lesson 1: What does the LUNC update really provide?
News: The community votes for the SDK & IBC update to version v3.6.1.
Goal: To open bridges for compatibility with the Cosmos ecosystem.
This is good for technology, but not for your wallet: It simply returns LUNC to the basic functionality that other coins in the Cosmos network (like ATOM) have had for years. It does not make LUNC better; it makes LUNC functional.
Lesson 2: The difference between a Fundamental asset and a Zombie coin.
A true investor, upon seeing news of compatibility with Cosmos, will buy:
ATOM (Cosmos): This is the main coin of the ecosystem. Its price will rise if more activity comes to the Cosmos network. ATOM is a strong asset in the Top-20.
$BTC or $BNB: These coins are reliable and are growing in the long term.
What does a speculator buy?
$LUNC: He buys a coin that has fallen by 99.9% and now has speculative trading volume (179%), hoping for December 18.
Lesson 3: How influencers use news (Example with 'Terra Oracle')
The post about the technical update @Smart_Snail looks neutral, but it is picked up by emotional 'gurus' @TERRA_ORACLE , who talk about 'deep cycles' and set a date (December 17-18).
The goal of the 'Guru': To make you buy before December 18, creating demand (FOMO).
Your risk: If the update is successful (which is good), but nobody starts using LUNC, the price won't rise. Newbies who bought on hype will sell, and the price will go back down.
My conclusion: Don't buy a coin just because someone set a date (18.12) or promised 'revival'. Invest in BTC and BNB. They don't promise 'cycles'; they just generate profit.
