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

terra: 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 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 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 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 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 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 avatarKipe Nwuneke

An utari

What is your opinion about the Luna crash?

What happened was that the CEO of Terra (LUNA) tweeted that a large institution borrowed 100,000 Bitcoin from Gemini exchange. They then exchanged a large amount of that BTC for UST liquidity. That institution allegedly dumped large amounts of both BTC and UST on the market causing a liquidation Cascade of leverage longs, slippage and panic selling by investors, many of which sold their LUNA holdings and unstaked their UST to sell it. Reference : https://www.business2community.com/crypto-news/what-is-terra-luna-and-why-did-it-crash-02493117

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

Actually did LUNA crash dip I was convinced of buying my friends all bought it and I was feeling left out so after the crash, they were still optimistic about the it.

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

With my little experience I have had in crypto is that once a coin dip it will certainly pump and it's just a matter of time. I think this is the basic law governing crypto.

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

$1.00

article avatarMas Mustofa

Senior

What is your opinion about the Luna crash?

Luna like killer for everyone, luna crash make smart people to crazy people. Because is exrime market i think non worry. If you say to me " how much you have luna or UST in your wallet?" I can say no have other

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

Why did Luna crash? Luna saw a crash due to it's like to terraUSD, a stablecoin linked to the US dollar. Stablecoins are digital currencies pegged to traditional one and when the UST decouple from the dollar earlier this week, prices tumbled

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

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.

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

0.000005$🤣

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

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