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

market: 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 avatarFerry Setiana

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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 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 avatarAleksander D.

Entrepreneur, crypto investor, programmer

What is your opinion about the Luna crash?

Terra crashed because of their UST peg algorithm fault as it's imperfect . UST is stablecoin of Terra ecosystem which is pegged by a math algorythm in order to balance it's supply and demand and keep the rate as 1 UST = 1$. LUNA is used as collateral for UST’s peg in this algorithm. So, LUNA is burning to mint more UST when UST value increases and users sell LUNA for UST, or it's going vice versa if UST value decreases. Because of a market situation within last some months, the LUNA circulation supply was permanently growing to maintain this balance, but more of Luna supply means reducing it's price. Then a sudden large dump by a whale provoked a panic sale, the algorithm was unable to maintain the balance at time, and the panic was growing like a chain reaction up to the price crash to zero.

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

Yes, i was holding some LUNA, UST and some Terra tokens. My Terra portfolio went about 98% down. It's sad, but fortunately the total amount was not so significant. I can afford to lose it.

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

As a LUNA holder, i still have a hope for it's recover , of course. But also other fact add me a hope.Terra is a large ecosystem, it includes many useful projects with a real usecase, many people have invested a lot of money & efforts, and don't want just lose&forget at once. And now all of them have a challenge what to do the next, how to save Terra and their own investments, projects, etc. A such large&talented community is able to find a right solution, i believe.

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

Let's be realistic. I hope for LUNA recover, but it will take much longer while after a such big crash. So, i think that LUNA will not go higher than $1 -$2 until Q3

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 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 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 avatarYudi Prasojo

Life in happy

What is your opinion about the Luna crash?

It's better if the Luna token is still there, don't delete it. because the good Luna projects tokens just burn every month thus the Luna token can grow again

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

Very influential because Luna has its own Blockchain which is able to compete with bitcoin and etherium plus good ust projects but all are not instant so the results are not good

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

It's just a matter of how development convinces holders not to panic and sell Luna's assets, development must also convince the market not to remove Luna tokens from the list

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

$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 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 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.

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

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