LUNA Coin has recently gained attention due to speculative surges. CEEK Coin, on the other hand, has seen interest primarily from Turkish investors. Current chart readings raise questions about the long-term prospects of both cryptocurrencies.
Speculations about CEEK Coin being listed on Binance were rampant, but it never materialized. Binance, along with other major exchanges like Coinbase and OKX, have blacklisted assets that were subject to listing rumors fueled by social media pressure. Many investors who bought into the hype suffered significant losses, and the accounts that confidently predicted the listing did not apologize.
Currently, CEEK Coin sporadically asserts its presence with monthly or bi-monthly updates. However, comments from investors, predominantly Turkish, reveal a three-year streak of disappointment. Warnings to Turkish crypto investors seem to have been ignored.
CEEK Coin’s decision to sell metaverse lands in stablecoins rather than its own token was a major sell signal. Now, with hopes seemingly exhausted, the chart analysis appears irrelevant.
LUNA Coin also has a significant Turkish investor base and is considered highly risky in the long term. Its founder is in prison, awaiting extradition to the US, and the ecosystem is fragmented following a massive collapse. Investors holding out for LUNA’s revival may continue to fall prey to speculative traders, as seen in recent price spikes triggered by news, even when the news is negative.