coin: What happened to Terra Luna's value and is it recoverable?

coin: What happened to Terra Luna's value and is it recoverable?

< Show Wisdom Collection: What happened to Terra Luna's value and is it recoverable?article avatarOsita O Victory

A young crypto enthusiast

What is your opinion about the Luna crash?

This is actually looking like a mismanagement of funds from the team, they went ahead to sell a large amount of Their UST without having any backing for the pegged value of their UST. This made them mint more Luna and Luna price kept going down. People lost money, not just from Luna but also all coin in the network lost almost 95% of their value.

Did the Luna value crash has affected you in any way? Please elaborate.

Yes, I had a lot of Luna based coin such as the Loop, loopr, TNS, halo, STT, and many more and they were all dragged to the mud. My UST WHICH WAS MEANT TO BE VALUED AT 100$ WAS NOW VALUED AT 11$

In your opinion, what will happen next in the crypto sphere? Will Luna recover?

This is a case of 50/50 as the GAM holding has made an offer to support Luna with the sum of $2B to $3B and also the total supply of Luna will be burned down to 1B.

What is your price prediction for Terra ($LUNA) in 3rd Quarter 2022?

1$ to 6$

article avatarAnatolii Yuziuk

Crypto holder, NFT creator

What is your opinion about the Luna crash?

The creators of Luna made a mistake in managing their project and now the coin is not attractive. There was a big hype. I will not trust Terra Luna.

Did the Luna value crash has affected you in any way? Please elaborate.

Yes, I had Luna mounts staking on Binance. I had to take them out ahead of schedule. The price of the coin is very low. I'm sorry for the money spent.

In your opinion, what will happen next in the crypto sphere? Will Luna recover?

I don't think the coin will recover. Since major exchanges such as Binance closed many projects on Luna. It will be difficult to regain their trust, and even more so the trust of people. Let them arrange free distribution (faucet) Luna.

What is your price prediction for Terra ($LUNA) in 3rd Quarter 2022?

1 Luna = 0.001 uah

article avatarTomasz Orłowski

Genius Tomasz Orłowski

What is your opinion about the Luna crash?

Life is also different in this topic of increases and decreases. There are factors that influence the fall in prices, as in this case. Life is life

Did the Luna value crash has affected you in any way? Please elaborate.

No, because i don't have the Terra Luna. I am happy because i don't but the shit. I have something better tan Terra Luna. I see how People selling now Terra Luna

In your opinion, what will happen next in the crypto sphere? Will Luna recover?

I think about this but shit coin have a small chance on something in futures. Sometime Luna can will recover but i think not in this year, meybe in long future

What is your price prediction for Terra ($LUNA) in 3rd Quarter 2022?

0.00005 $

article avatarGabriel Oyeyemi

Cool guy

What is your opinion about the Luna crash?

Of course the coin has potential to recover but it comes at a time of uncertainty in the market. There is currently a general downturn for cryptocurrency with many coins losing a quarter of their value as investors appear to be moving towards safer investments amid the current financial market.

Did the Luna value crash has affected you in any way? Please elaborate.

Luna was impacted because it's the underlying [backer] of the UST. So every time a UST [token] is bought, a Luna [token] is burnt, which means there's less tokens in supply, so the Luna price goes up.

In your opinion, what will happen next in the crypto sphere? Will Luna recover?

Of course the coin has potential to recover but it comes at a time of uncertainty in the market. There is currently a general downturn for cryptocurrency with many coins losing a quarter of their value as investors appear to be moving towards safer investments amid the current financial market.

What is your price prediction for Terra ($LUNA) in 3rd Quarter 2022?

Terra LUNA was one of the best-performing cryptocurrencies in early 2022 – with its popularity growing significantly. This has resulted in Terra LUNA becoming a top-15 cryptocurrency in terms of market capitalization.

article avatarM Djaliel Muthallib

Left-handed

What is your opinion about the Luna crash?

It's painful for me because I'm and my friend are investing on that but in the end when we think that's the right choice it's eventually get dropped

Did the Luna value crash has affected you in any way? Please elaborate.

Yes. me and my friend have invested a lot in LUNA tokens but bad things happened by experiencing a very drastic price drop from the first time we bought the token

In your opinion, what will happen next in the crypto sphere? Will Luna recover?

I don't know, I'm not too sure about the LUNA Token will recover after experiencing a very drastic price decline. but I hope there will be a coin that can cover my losses when I invest it in LUNA coins

What is your price prediction for Terra ($LUNA) in 3rd Quarter 2022?

i hope the LUNA coin will rise to the price of $5

article avatarHanif Kuncoro

Sugenkkun

What is your opinion about the Luna crash?

Terra's downfall could be with a large-scale sell-off of LUNA tokens due to a reported “de-peg” of the algorithmic stable coin, This sell-off must also be exacerbated by the market which is already in a very slow bearish mode,” Anshul Dhir, COO and Co-founder of EasyFi Network told Financial Express Online.

Did the Luna value crash has affected you in any way? Please elaborate.

yes of course i affect me, with luna crash, i have lost some of my assets, and it's not a small amount, maybe not only me even the whole world also feel what i feel

In your opinion, what will happen next in the crypto sphere? Will Luna recover?

In my opinion, if Luna will not recover, because the supply continues to increase, if there is a limit it may be possible to recover, hopefully in the future it will be possible to recover.

What is your price prediction for Terra ($LUNA) in 3rd Quarter 2022?

Maybe 0.1$

article avatarmuhammad zaki

Gogogo

What is your opinion about the Luna crash?

The Terra ecosystem has adopted UST as a stablecoin, leading to the interlinking of LUNA and UST. A stablecoin is linked to an underlying asset, such as precious metal such as gold, or the US dollar. UST has recently ‘de-pegged’ to $0.45 from its value of $1. This marked a drop of about 55 percent. Since both UST and LUNA are interlinked, the massive drop in UST value has resulted in LUNA’s overall drop. As per CoinDesk, Terra’s market cap now stands at under $1 billion ($994.17 million at the time of writing). This is in stark contrast to its all-time high market cap of around $25 billion. For now, investors can only wait for the market to progressively stabilise to help recover from the losses.

Did the Luna value crash has affected you in any way? Please elaborate.

for me.. there doesn't seem to be a serious effect.. because I'm not a Luna holder.. but for others it seems to be very effective for people who hold lots of luna coins

In your opinion, what will happen next in the crypto sphere? Will Luna recover?

The coin has the potential to recover, but at present things are extremely uncertain. Do Kwon, founder of Terra creator Terraform Labs, tweeted on Tuesday: “Close to announcing a recovery plan for $UST. Hang tight.” He added on Wednesday: “I understand the last 72 hours have been extremely tough on all of you – know that I am resolved to work with every one of you to weather this crisis, and we will build our way out of this. “The Terra ecosystem is one of the most vibrant in the crypto industry, with hundreds of passionate teams building category defining applications within… Terra’s return to form will be a sight to behold.” Investing advice site Investing Cube has speculated there is a “good chance” the cryptocurrency could recover. Analyst Kelvin Maina wrote: “For Luna to recover, they will need to address the problem and show clearly that such a drop will not happen again. As an analyst, I expect to see a bump in Luna prices after UST is pegged back to the dollar. I also expect the prices to start recovering after the Terra project shows that similar problems will not happen in the future.” Members of Luna’s devoted subreddit have been lamenting their losses on Reddit. A subreddit is a subsidiary thread or category within the Reddit website. “I lost over $450,000, I cannot pay the bank,” one wrote, while others have mentioned potentially losing their homes.

What is your price prediction for Terra ($LUNA) in 3rd Quarter 2022?

Maybe it Will be . 0.05-1$

article avatarPermana Dimas

Tod

What is your opinion about the Luna crash?

May 13th was the worst period in crypto history where the Tera Luna coin price launched sharply to less death in the past week it was very painful for people who have already invested by buying the Lunar Tera Doomsday token for the crypto currency world.

Did the Luna value crash has affected you in any way? Please elaborate.

Luna Tera Everyone dreams of making a profit by buying Luna Tera tokens but what happens is just the opposite, Tera Luna shakes many investors with the stupidity of her CEO, it's a really painful tragedy

In your opinion, what will happen next in the crypto sphere? Will Luna recover?

Luna Tera Everyone dreams of making a profit by buying Luna Tera tokens but what happens is just the opposite, Tera Luna shakes many investors with the stupidity of her CEO, it's a really painful tragedy

What is your price prediction for Terra ($LUNA) in 3rd Quarter 2022?

Yes

article avatarDhimas Permana

Luna pump

What is your opinion about the Luna crash?

Luna terra has been delisted in some markets, even though the price drops to 99.99% hopefully there will be a miracle, tera luna can pump it to a price of 2$ and hopefully there will be a significant overhaul

Did the Luna value crash has affected you in any way? Please elaborate.

Of course, it greatly affected my finances and so on other people, I invested 50$ in luna tera and now my money is gone in the market, it makes my head hurt not bleeding, RIP luna, and you fuck koran coin

In your opinion, what will happen next in the crypto sphere? Will Luna recover?

Corona virus affects the selling price of crypto, coupled with the war that occurred in Russia and Ukraine, making investors think twice about investing, now all crypto prices are in the red, for Luna I don't know but hopefully Luna can get back into the top 10 in coin market

What is your price prediction for Terra ($LUNA) in 3rd Quarter 2022?

Maybe around 2$

article avatarHaris Bahruddin Alfaisal

Trader, investor, holder

What is your opinion about the Luna crash?

This is so simple, every crypto always can crash, but some will be scam, and some will be recovery , this is why figure developer is needed for handle, and how much community confidence with luna project, i see in Luna developer can handle and community is solid, Soo to comeback is possible 👍

Did the Luna value crash has affected you in any way? Please elaborate.

Yes, I'm new in Lunatic and 4 day i get crushed my invest in Luna, luckily I Hold other coin for backup, and some usdt for prepared more bad

In your opinion, what will happen next in the crypto sphere? Will Luna recover?

Yes, i see luna Developer move now for recovery , and crypto atmosphere will be back to normal or more than good like increase and new altcoin Ath

What is your price prediction for Terra ($LUNA) in 3rd Quarter 2022?

Luna crash Is Soo fast than imagine i see a long big candle in chart, that is opportunity how Luna climbing back to 1$ in shortime, 10$ in 2/3 month and grow up step by step

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.

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