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

coins: 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 avatarjeoffrey429

What is your opinion about the Luna crash?

luna crash because of bitcoin is falling down and it's pulling other coins down too and also people fud the project and many rumours are in the internet why luna crash

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

it did not affect me because i sell two days before it crash and now I'm waiting for the right time to buy back again to gain some profit and it's and opportunity for me

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

yes because many people still believe in the project also the project itself is good nice to invest now before it recovers huge opportunity for me

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

50 dollars

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 avatarHendra Pratama

Computer Engineering, Web Developer, Crypto Enthusiast

What is your opinion about the Luna crash?

Terra is down 93.89% on a day or 98.75% on a week. The only way forward is to absorb the supply of stablecoins that want to come out before $UST can start to repeg. There is no other way. The Terra ecosystem is one of the most dynamic in the crypto industry, with hundreds of passionate teams building defining app categories within it. As long as these builders, TFL among them, keep building – we'll get out of this together."

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

I had time to take advantage when the early luna decreased. I trade in futures and trade short positions. This makes me get quite a lot of profit. but unfortunately futures trading has also closed for Luna coins

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

I followed the news about luna and saw the efforts made by the developers of luna also very hard work in solving this problem. I'm sure that one day Luna will recover considering that this case also happened to XRP, which at that time was delisted from several major crypto markets.

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

$2

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 avatarSeptianeko_ purnomo1

Hii

What is your opinion about the Luna crash?

Luna is getting lower day by day maybe. this is if someone sneaky targets Luna's coins and loses a lot. I hope Luna coins return to their original price because many people are losing

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

Yes. Luckily I bought a few,And no significant loss. Hopefully Luna's price will be more normal,and hopefully it doesn't happen like this in other coins

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

Let's just hope Luna recovers from this problem. And hopefully there won't be another coin that can harm someone who's too big.And also developer Luna is fine because I saw the post that Do Kwon was threatened, whether it's true or not

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

100$ Or 10$

article avatarDC airdrops

dyor

What is your opinion about the Luna crash?

I think the luna crash was caused by very unpredictable coin inflation. The large number of coins printed in a short period of time causes the price to drop. that's not very good. I also think it was done by dev luna to cover liquid ust. but, sadly that didn't happen. I can only guess, that dev luna had planned long before. but that's just my opinion, I'm not accusing dev luna of fraud. It is just. prevention can be done if the project is really moving in the right corridor. Basically this is the dev's fault.

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

of course. this greatly affects everyone, maybe not so affected by luna. but the fact is, after the crash ended and luna 'died' the market turned green again.

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

could happen, but this is a good lesson for all of us. for the problem of luna getting back up, I think it's very difficult. because the supply of luna is becoming so much. it's like shitcoin. except 'maybe' if dev luna wants to burn luna 80% san add back liquid, it can be. but it's hard. trust in the project has been lost. bottom line it is very difficult and almost impossible.

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

that's a tough question. because Luna is considered dead.

article avatarTaiwo Micheal

I'm Taiwo Micheal. I'm from Okeho, a town in Oyo State, Nigeria. I'm energetic, trustworthy and reliable.

What is your opinion about the Luna crash?

There are many things that may cause the crash of Luna fall. One of the them is that the whales, those that have accumulated more of the coin may have withdrawn their investment.

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

Luna crash has not affected me. The reason is, I have not invested in the coin. Although, it's one of the coins or token that I believe has future and can do great in future.

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

Well, I believe Luna can still recover from the crash. But, if it will recover, there must be instant steps and actions by the founder to address the community on what they are doing to recover the value of the token.

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

$1.5

article avatararif yahya

jobless

What is your opinion about the Luna crash?

many coins are experiencing inflation due to btc falling sharply, including luna. but the name crypto will definitely one day return to its previous position just waiting for the time when Luna will rise

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

doesn't affect me at all because I also don't hold Luna due to several factors that I have to consider. in the economy I can't buy in large quantities because I'm also new to the crypto world so I'm still fumbling

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

I'm sure the crypto world will be victorious again, and Luna is one of them just waiting for the time as long as buyers can wait patiently, whether within a month or a year no one can predict

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

4

article avatarEzra McGainey

Computer Hardware Specialist

What is your opinion about the Luna crash?

The crash of Luna shows the volatility of the crypto market and especially the value of stablecoins (UST) based on algorithms. When UST lost its dollar peg and its value dropped to $0.68, its holders started exchanging it for other stablecoin thus causing the value of Terra Luna to fall.

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

No it hasn't affected me in anyway due to the fact that I was not a holder of Luna coins nor had any investment in the Terra ecosystem. In fact I didn't really know alot about Terra at all until the crash.

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

As with the crypto ecosystem, when a crash happens, investors will come in to buy while the value is low. So eventually, I do see the Luna recovering, but whether it will recover its all-time high remains to be seen.

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

$1.58

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

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