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

ust: 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 avatarDzaky Wijaya

kerja

What is your opinion about the Luna crash?

due to the weakening of the UST price and the increasing supply, so the Lunar price is weakening So there will be a crash in all Luna markets and communities

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

It's unfortunate that a project as good as Luna has to experience such a deep crash and this could be for learning and I feel very, very uncomfortable with all of this

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

I'm no longer interested and it seems that many investors don't believe in investing in Luna anymore with the incident yesterday, investors will think again

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

0,005$

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 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 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 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 avatarAdi Supriadi

Nothing

What is your opinion about the Luna crash?

I think developer luna is playing in this case.. like a tie mouse.. but he doesn't understand about all the investors who invested in Luna. Dont buy Luna Again

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

actually i was not very interested in luna when the price of luna continued to drop 2 days ago, because luna couldn't recover the ust price.. but i was able to buy at the cheapest price and managed to get a profit.

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

Seeing Luna's incident, it was very difficult to return to the previous price, because most people no longer trusted the project, so it was very difficult to return to its former glory.

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

$0.1

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

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