Last updated on September 26, 2023 10:10 am
Investing in cryptocurrencies is very much in trend these days , the value of bitcoin which was $3 in 2011 i.e. about 250 rupees according to today’s time, Bitcoin is the father of all cryptocurrencies today, but it is followed by number 2, number 3 and other such currencies which are also called altcoins. There are many crores of rupees invested in crypto assets from India too. Today we are talking about Terra ie Luna LUNA.
Last week the Luna cryptocurrency went down horribly and it blew away nearly $40 billion (Rs 31 trillion) of investors around the world.
Those who had invested money in Terra, their dreams were also grounded. At present they have no hope that they will ever be able to recover their money.
But never say in crypto that :-
It is not possible or it cannot be
Because this “could never happen” has been proven wrong many times before.
Friends, today we will know that the money that has been lost to Luna investors can ever be recovered, if yes, then what is the percentage chance that it will happen
History of Terra Luna
Terra is a blockchain protocol that uses Fiat-Pegged Stable Coins to power price-stable global payments. According to its white paper, Terra combines the price stability and widespread adoption of fiat currencies (INR USD EUR Etc) with the censorship-resistance of Bitcoin (BTC) and provides fast and affordable settlements.
Development of Terra began in January 2018 and its mainnet was officially launched in April 2019
Terra’s native token, LUNA, is used to stabilize the price of the protocol’s stable coins. LUNA holders are also able to submit and vote on Governance Proposals, giving it the power of a Governance Token.
Who is the founder of Terra?
Do Kwon Kwon is the CEO of Terraform Labs.
Do Kwon Kwon is the CEO of Terraform Labs. Calls himself Master of Stable-Coin
Follow @stablekwonFriends, Terra Coin has been relaunched by its founders in the name of Luna 2.0 –
Comparative study of old LUNA i.e. LUNC and new LUNA
Current Price
Can Luna 2.0 be trusted?
It’s hard to believe the Luna team after such a huge tragedy! Looking at the supply, the prices of Luna 2.0 are still very inflated! The value of LUNC is also decreasing day by day.
What are the opinions of experts about LUNA
Mati Greenspan , founder and CEO of Quantum Economics , a crypto analytics platform , believes that LUNA 2.0 has no future; It was designed as a means for investors who lost money in the initial Terra crash and had no means to make up for their losses, he said.
LUNA 2.0 was never meant to survive
Therefore, there is no Sister token in LUNA 2.0, and the absence of a feature that was fundamental to its predecessor series, LUNA Classic (LUNC) (UST token), thereby competing with others such as SOL, AVAX and ETH. makes it difficult.
In our view, Terra has already caused enough harm to individuals and the crypto market as a whole. It genuinely seems the people behind Terra believe that they can always give it a new shot, in case their first effort did not turn out well, thus neglecting that their flawed design has already caused a meltdown worth billions
Mads Eberhardt, Saxo
CoinBasket founder and CEO Khalelullah Baig believes that holders of LUNA 2.0 are eager to give up the token, noting that Do Kwon, CEO of TerraForm Labs and founder of sister tokens LUNC (formerly LUNA) and UST, has bolstered its credibility. is lost. Baig argues-
Luna has no future. Building the new Luna within the existing community will not make any sense now.
Crypto-Currency Pandit Prediction of LUNA 2023
We argue that there is a 100% short term bullish potential for the LUNA 2.0 price since Terra Token has come down so low.
Creating a new token out of the air, getting rid of stable-coins (UST), and pretending as if nothing happened: how is this creating value? It’s crypto, so anything can happen LUNA 2.0 can go up to $58 and LUNC $0.002 by the end of 2023!
Keep in mind that the cryptocurrency market remains extremely volatile, making it difficult to predict what the coin will be worth in a few hours, and even more difficult to give long-term estimates. As such, analysts and algorithm-based forecasters can and do make their predictions wrong.
Disclaimer
If you are considering investing in cryptocurrencies, we recommend that you always do your own research (DYOR). Check out the latest market trends, news, technical and fundamental analysis and expert opinion before making any investment or trading decisions. Keep in mind that past performance is no guarantee of future returns. And never invest money you can’t afford to lose.
I appreciate you sharing this blog post. Thanks Again. Cool.