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LUNA Coin is gaining attention again due to a recent speculative rise. CEEK, on the other hand, is attracting more interest from investors in the Turkey region. So, what do the current chart readings tell us? Do LUNA and CEEK Coin promise a bright future in the long term?
The Future of CEEK Coin
There was so much speculation about its listing on Binance that it failed to list. I remember the days when I wrote against the stubborn social media claims that it would be listed, stating that if this region continues, there would be no listing. Indeed, Binance, during that period and afterwards, blacklisted many assets that came to the agenda with social media pressure and rumors of being listed, announcing they would not list them.
Major exchanges like Coinbase and OKX have said the same thing. Back in those days (2021 etc.), accounts that were certain of the CEEK Coin listing did not apologize, but investors who bought in anticipation suffered significant losses.
These days, CEEK Coin makes a post every month or ten days to say it’s still alive. When you read the investor comments below the posts, you see the outcry of people who have been disappointed for three years. Especially since we have been warning Turkish crypto investors about this for a long time, it is surprising that most of the comments under the posts are coming from Turks.
CEEK Coin gave a major sell signal when it started selling metaverse lands in stablecoin instead of its own token, and we announced this. Now it seems that hopes have faded to a point where the chart doesn’t seem to matter much anymore.
The Future of LUNA Coin
Here too, we see a concentration of Turkish cryptocurrency investors. What’s interesting is the extreme interest in speculative assets. LUNA Coin is also a highly risky asset in the long term. Its founder is in prison and counting the days for extradition to the US. The ecosystem has dispersed among competitors, and the once $40 billion giant has shattered in a major collapse.
In the long term, investors waiting for LUNA Coin may continue to fall prey to speculative traders who sell at the upper wicks of the charts above. Even the news of the SEC postponing the hearing for Do Kwon’s extradition to the US caused the price to rise. Although the news was negative, those chasing speculative trades pushed the price up and then sent it back to where the rally started.
