LUNA 2.0: A Great Comeback Story Or A Gambler’s Dream?
The LUNA crash has left countless investors holding bags of dust after its price dumped below zero. Since then, there have been various suggestions on how to salvage the situation such as splitting the network or making a new one entirely. The majority has landed on making a new blockchain that would give birth to […]
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Despite the risks involved, Terra’s ‘insane volatility’ still serves as an attractive market for many short-term investors — mainly because LUNA momentarily gained 600% in value on May 14. It took just seven days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on May 5 to nearly $0 on May 12. As the market slowly gained clarity on what transpired, the trading volume of LUNA saw a steep recovery of over 200% over the weekend.As a result of UST de-pegging, which crashed the LUNA market, LUNA investors mirrored the price dip as CoinGecko recorded the decline of....
During a recent interview with the Wall Street Journal (WSJ), Terraform Labs (TFL) founder Do Kwon said he was “devastated” by the LUNA and UST implosion that took place in mid-May. He told the WSJ that he was probably a billionaire when LUNA tapped an all-time high before the collapse, but lost a great portion of his net worth following the aftermath. Do Kwon Speaks About the Terra LUNA Collapse Do Kwon has recently discussed the LUNA and UST fallout during an interview with the WSJ contributors Alexander Osipovich and Jiyoung Sohn. The interview was published on June 22,....
At one point in every crypto enthusiast’s life he or she has envisioned buying their dream mansion, with Bitcoin. What was once a fantasy is now a reality with the listing of this exquisite, ultra modern, 2-story, 5-bedroom mansion in the heart of the Caribbean. A life of Paradise in a Caribbean Hidden Valley This unique luxury property is being sold through ArroyoLaRue Realty, and is nestled in the stunning “Hidden valley” of Guaynabo, Puerto Rico. Situated in the serene Valle Escondido Estates of Guaynabo. The Idyllic, luscious landscape offers a sense of privacy....
The American dream of owning a home and financial freedom has been killed by the inequality in our legacy system. But Bitcoin offers a new dream.
On Saturday, May 28, 2022, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The crypto asset’s first recorded value at 5 a.m. (ET), was $14.31 per unit and it hit an all-time high (ATH) roughly 20 minutes later at $18.87 per LUNA. LUNA has dropped more than 70% as it traded for $4.20 per unit at 11:00 a.m. on Saturday. LUNA 2.0 Launches The new LUNA token is now trading as the crypto asset was airdropped to LUNA classic (LUNC) and UST classic (USTC) holders. Presently, there’s a maximum supply of....