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

crypto: 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 avatarJustin Ogden

Crypto Enthusiast

What is your opinion about the Luna crash?

I guess when i looked it up it has something to do with ust so the volitility of luna is very extreme at the moment so the blockchain was halted

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

It has affected me, i had none but i had $4 of ltc so i traded it for usdt and bought $4 worth of luna. 50,000 luna so cross fingers it goes up again

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

I think it will recover and a big deal will go against crypto making it steady for a long time than it will boom again. Luna will recover especially if it was never considered a scam so i think i might have just made a smooth move but if not i only lost $4 but i think i will make lots off it, after it goes back up i will trade all for something else more stable.

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

$3 is a good guess because it was at $6 something and people will be weary a little but but i can see it being over $10 before next year hits. I am going to look more into this though and maybe invest a lot more idk.

article avatarLia Juana

Never DM You First

What is your opinion about the Luna crash?

Real talk from a lunatic to others, with love. If $luna dips under $10, we're likely to see $1 luna before $1 ust. There's not much anyone can do. There's $200m+ of liquidations in front of us under $10 and not many visible bids on exchanges. This is a sad day. LUNA Is Big Scammer For 2022 Don't entry on #LUNA or u will lose , be careful always use free funds Its Not Financial Advice

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

Yes , of course LOL 😂 i have some $LUNA ON Delegate , is bad news for Delegaters , how many Dollar have ready lose for this moment ? Loss So many millions of dollars lost instantly, this is a blatant money laundering that is clearly detrimental to everyone!

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

This is very bad and heartbreaking news in the crypto world definitely not! why? Yes, CEO Founder Do Kwon is very irresponsible for this incident, of course, investors are very hesitant to return profits, of course the price will be played by some mafia

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

Under 0.1 cent

article avatarFerry Setiana

Advertiser

What is your opinion about the Luna crash?

In my opinion: LUNA was deliberatery sacrificed to cover UST 's losses. It's ver sad because many people lost their money. Including me lost a lot of money in Stake LUNA .

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

Very influential because I lost a lot of money. I stake 188k LUNA in 30 Days lock. Value $188k now it's worthless. Work just $9 and non- tradeable. LUNA Delisting in many market.

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

In my opinion about the future of Crypto. If the Central Bank raises interest rates, many people will choose to invest in deposito or buy and selling securities so that it has an impact on Crypto price. Maybe big players will sell their asset so that Crypto price will decrease sharply. I hope LUNA can rise up like DAO did in 2016.

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

Maybe $0.1 I hope LUNA price in $1

article avatarAbegail Prado

Teacher

What is your opinion about the Luna crash?

Im so much worried about the investors that invest in terra luna and it crash like crazy. But right now, I know it will recover since It was listed again in binnace after delisting it

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

Yes, Because As a crypto community, I feel sorry to my crypto friends who take risk all in and it crash. Im really worried and I was so affected because I believe that crypto is very risky just invest what you can afford to loose

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

Yes I know it will recover indeed because the team is doing their best to make it succeed for the second chance and even CZ of binance give chance to the LUNA team

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

I think luna will fall on 1$ on 3rd quarter of 2022

article avatarRick Spindler

Investor

What is your opinion about the Luna crash?

I lost a great deal in LUNA. But I knew the risk. I simply felt that UST was collateralized enough to prevent the machinations of the raider. I thought UST was too big, but I was wrong. I also felt that Terra - the network infrastructure - was developed enough now that we would not see it overrun, which resulted in users being unable to cover their leveredged Anchor loans. Again, I was wrong. I knew I shouldn’t be riding my motorcycle without a helmet, but I’m not blaming anyone because I hit a tree. The network infrastructure will be saved and most projects will migrate to Cosmos blockchains. The individual developers will write code and deploy it on app chains - and many of the budding Cosmos app chains like JUNO will flourish with the influx of talent. This is the equivalent of a Formula 4 racing team hiring last years winning teams mechanic. But LUNA and UST are done. There is no coming back. We bet on them and lost. The talent that built Terra will leave. And as a result, there will be no Anchor protocol to earn 20% on your crypto. 10% return on Stablecoins will come to be seen as fantastic and sustainable. This is the new reality.

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

I lost more than 400 LUNA. And I had UST deployed in liquidity protocols all across the Defi space. So, yeah. I was effected. Bitter? Not really. I knew the risk.

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

LUNA will not recover. Not simply because no one will trust Do Kwon. Money forgives hubris; that just takes more money. But we will never see another completely algorithmic stablecoin. All Stablecoins will be collateralized, so the basic use case for LUNA no longer exists.

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

Effectively 0. It will never be exactly 0 for the traditional reasons, but LUNA will become valueless as people come to terms with the idea that the talented developers that built the Terra Network are no longer contributing.

article avatarEhsan Abdollahzadeh

Digital Marketing at Ehsanam

What is your opinion about the Luna crash?

Luna was a top crypto project with a large market cap coniser as a blue chip for alot of investors and I was so optimistic about the project and based on the chart in could explode upside any time buy unfortunately it went the opposite shaply which surprised crypto investors and traders!

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

Yes, I was in a 20x long on that time at the price around $89 which it was keep going down sharply and I added more Luna to the position 4-5 times in order to have better price entry, but unfortunately finally gave up closing the position at the price of $36 with around 90% loss and started shorting it at the price of around $8 which went the oposite again and I lost the rest of my portfolio. So the lesson for me out if this was I shouldn't be optimistic about any project that much which avoid me to not having stop loss even if the project be so puplar and with large market.

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

Crypto is still in the early stages and there would be a lot going on in the future, however I believe for Luna it may takes a bit more time to recover back.

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

Around $6-$10

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 avatarRohison Hakim Alfiqri

Trader

What is your opinion about the Luna crash?

Im so sad, because i hold much of luna. 85% my money i use to buy luna and now my money is 0. Yesterday im going down, im not eat for a day, im stress

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

As i say before, i hold 3250 luna i buy it at $95 price. Im so sad, luna team already rug my money. And im hated do kown is devil. And he is kill my life from crypto

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

I think will not, today luna not make a new block. And they block is stop operating, i swap my money from puna yesterday frok 32k$ and now i just have 117$ 🤕

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

0

article avatarferi septi dani

hello word

What is your opinion about the Luna crash?

correct the problem so that the developer is not ready for the sequel, the developer should have prepared it before the correction so that it doesn't list

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

with luna crash, nothing got on my crypto so i don't think much about it, now the status of luna is threatened with deetlist from all crypto markets

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

I think Luna can recover if the developer prepares for Luna's future projects so that Luna can dump again so she won't be out of the crypto market

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

50$

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$

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

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