Former US politician David Gokhshtein said he would give the crashed cryptocurrency LUNC another chance. The crypto phenomenon also says that a critical period is near for SHIB and XRP.
David Gokhshtein thinks SHIB and XRP are at crossroads
The former US politician recently said on Twitter that the Shiba Inu has reached an important milestone. According to Gokhshtein, the token burn events, which peaked with the participation of the community and companies, will be the beginning of a new frenzy. cryptocoin.comAs you follow, these efforts of the Shiba Inu team have inspired other projects as well. The Cardano and Terra communities have asked the teams to reduce supply.
Gokhshtein then took to Twitter to highlight the importance of Ripple winning once again in court against the SEC. Gokhshtein echoed what he said in several of his recent tweets regarding Ripple’s possible win in the legal battle against the SEC. If Ripple wins, he expects this victory to be an impetus for a massive price increase of XRP.
“I want to hit the buy XRP button”
Gokhshtein also said that he is standing by to buy more XRP. The crypto phenomenon wants to fill his wallet with XRP before its price rises further.
In his previous tweets, Gokhshtein predicted that the entire market would go up parabolic if Ripple wins the SEC lawsuit. Back in 2020, Gokhshtein even assumed that those who hated XRP now would use it in the future. However, he thinks that LUNC, an altcoin project that collapsed and lost its investors, deserves another chance.
David Gokhshtein considers giving SHIB and LUNC another chance
The crypto phenomenon referred to LUNC as “high risk” in a recent tweet. He stated that he started a challenge from $500 to $1 million and will give LUNC a chance as well. But such a move remains high-risk. “I either double that $500 or draw a straight line out the door,” Gokhshtein says.
LUNC’s price has been trading haphazardly in recent weeks with no clear direction. On September 21, 1.2% of transactions fell shortly after the token burn began. The news of the arrest warrant for Terra’s founder, Do Kwon, also weighed on his price.
Gokhshtein described the LUNC as a lottery ticket, just like classic children’s play musical chairs. He added that LUNC is mostly bought by gamblers to make quick money. However, Gokhshtein believes that LUNC may be back if the community can find a way to create a legitimate use case. Leading crypto exchange Binance has said in the past weeks that it will support Terra’s efforts.
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