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

value: 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 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 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 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 avatarOjiaku Uchechukwu

Just black guy with interest on profitable ideas

What is your opinion about the Luna crash?

Well the crash has affected so many people including my friends badly. Selling their btc reserve wasn't a good idea because it made a huge impact on the value making lose the peg value of their dollar

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

It didn't actually bt it affected my friends and family some of my friends having up to a thousand dollars now having just 0.1 dollar that's was so bad

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

From my side there is little or no assurance bt hearing and seeing the fact that GAMI wants to negotiate with terra to help support it's Luna stablecoin Planning to invest the sum btw $2million - $3million dollars to absorb excess supply of UST. Let's just hope and pray

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

0.01

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 avatarJason McLaughlin

INVESTER

What is your opinion about the Luna crash?

Opinion about the luna crash is that it should have been expected this is the cryptocurrency world and there's ups and downs and you never know

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

Know the Luna crash and the value has not affected me because I was not invested in that cryptocurrency but now that all this has happened I might just invest in it

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

Next in the crypto sphere I do believe Luna will recover I believe that it will take some time and a lot of trust but it will recover only time will tell

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

$5.00

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

article avatarRival Humaidi

rivalhmd.eth

What is your opinion about the Luna crash?

Maybe same with all opinion , but this my opinion , terra have risk all his predecessors reminded him, but they didn't listen, terra has a stable coin which is not backed up by the original but backed up by luna itself , Yesterday's incident caused an endless panic sell and mint luna

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

No, I didn't save it in my portfolio, before that I wanted to save it, and I did a research, and as a result I found someone's post that was very influential, which explains Luna's risk, and I'm not here to save

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

I don't think it can be saved, if they want to save luna then they need burn, and the value of ust returns, and if they want to save ust, they must destroy luna

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

There is no prediction, luna will be destroyed, only blockchain will remain, and they will create something new, and learn from experience

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

Experience Experty at its fullest

Join to unleash the power of crypto wisdom and never feel FOMO again.

Sign up