Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Once Popular Coins (Graveyard) => Other Popular Cryptos / Coins => Terra LUNA Forum => Topic started by: pambeasely1 on April 05, 2022, 01:51:18 PM
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The Terra Foundation's attempt to become the world's largest Bitcoin wallet may have sparked a massive positive trend in the LUNA price. As a result, the asset has been trading near the ATH for the past few days. Furthermore, the price does not become weary after demonstrating high strength. As a result, it's expected that by the end of April 2022, the price would easily reach $200.
After a recent surge, LUNA has surpassed Cardano and XRP to become the seventh-largest cryptocurrency. The Terra Foundation, on the other hand, has surpassed the Bitcoin Treasury as the third largest. Its stablecoin, UST, is backed by more than 30,000 BTC. Terra's TVL also reaches an All-Time High of $31 billion in assets locked up, adding another feather to the cap. LUNA's price may be forced to experience a massive surge as a result of exceptionally favorable market attitudes.
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the coin showed good growth against the background of a weak market.Apparently there are no more incentives left for a powerful long-term dynamics
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As you are thinking. Thinking of something like this, I invested in Terra Luna. But such a fall of Luna from a suddenly is like destroying all the hopes. I had bought it from L Bank. But now he removed the withdrawal. So that I can save it in my wallet. Well hope some solution will come out.
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In fact, they have sold Bitcoin to maintain the stability of the UST price.
currently the prices of Luna and UST are very far from everyone's technical analysis, but in fact it has been seen from the proposed inclusion of De-pegging UST and LUNA to keep prices stable with each other and the fact that the algorithm does not work well and the number of LUNA coins continues to grow to keep the price of UST so that the price goes down and is out of control
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Luna token, as it stands now, can't hit $200 even in 2023. the platform is currently experiencing evacuation of some notable projects out of its networks. Binance has also given the Tera team an open arm to migrate to the BSC network to help the project rebound, and plus others projects built on the Luna ecosystem. I don't see Luna coming back anytime soon.
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Luna should be written off as just another failed experiment in the world of cryptocurrency and stablecoin. let's move on and hope that we are learning something out of this BIG MESS that affected the whole cryptocurrency industry and will always be in the textbook of examples in the eyes of governmental regulators forever. people who are responsible for this enormous problem should be prosecuted, fined and be put in jail for sometime.
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I think it will be a bit difficult for Terra. Because it was quite surprising for Terra Luna to fall so suddenly. Now the investor confidence will be a little tougher again.
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The Terra Foundation's attempt to become the world's largest Bitcoin wallet may have sparked a massive positive trend in the LUNA price. As a result, the asset has been trading near the ATH for the past few days. Furthermore, the price does not become weary after demonstrating high strength. As a result, it's expected that by the end of April 2022, the price would easily reach $200.
After a recent surge, LUNA has surpassed Cardano and XRP to become the seventh-largest cryptocurrency. The Terra Foundation, on the other hand, has surpassed the Bitcoin Treasury as the third largest. Its stablecoin, UST, is backed by more than 30,000 BTC. Terra's TVL also reaches an All-Time High of $31 billion in assets locked up, adding another feather to the cap. LUNA's price may be forced to experience a massive surge as a result of exceptionally favorable market attitudes.
LUNA now has a price of $2.18, but I have not found its capitalization, in any case, this coin is no longer in the first hundred. In this market, general phrases can relatively easily achieve a price rush, which happened in this case. I just don’t understand yet, this is a big mistake of the project team or someone was seriously enriched by this scam.
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Maybe this topic will become legend if LUNA really hits 200 USD in 2022. However, everything changed in May 2022 and LUNA was abandoned and shunned by the entire crypto world because of its crash. with UST, it is even considered a form of ponzi 2.0.
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I doubt Luna token hitting $200 in the next 3years. The crash of the token has great devastating effect that will take a long time to overcome. I am even considering the fork terra token, that is, the Lunac to even make a greater progress in terms of it's value within a short period, at least 2years, to touch $0.1 or more.
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in my opinion, terra luna is a very good token if the project continues, but after terra luna experienced a tremendous increase and was unable to maintain its price, terra luna was slowly abandoned by investors so that many considered terra luna rug pull, this is very dear.