Sign Up

Sign In

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

You must login to ask question.

You must login to add post.

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

After a $40 billion crash, the luna cryptocurrency has been restored.

After a $40 billion crash, the luna cryptocurrency has been restored.

collapsed luna cryptocurrency new version is currently available on major exchanges, and it’s had a rocky start.

As the value of digital currencies declined, investors left the stablecoin,  which down UST and luna .Then fear emerged in crypto market supporters of the Terra blockchain project agreed last week to resurrect luna but not terraUSD, a so-called “stablecoin” that fell below its planned peg to the dollar.

According to CoinMarketCap data, luna plunged as low as $4.39 just hours after reaching high of $19.53 on Saturday. Its price has stabilized at roughly $5.90.
“luna classic,” which is now the old luna, had a circulating supply of almost $40 billion at its peak.
 
Luna,  modern version now  called Terra 2.0 by investors. It is already available for purchase on exchanges such as Bybit and Huobi. Binance, the world’s largest cryptocurrency exchange, has announced that luna will be listed on Tuesday.
 
Luna tokens are being distributed via a “airdrop” by Terra. In an effort to recompense investors, the majority of the money will go to people who owned luna classic and UST before they collapsed.
 
According to the experts many investors who were burned by the catastrophe are reluctant to trust Terra again. The initiative has suffered a “huge loss of credibility,” according to Vijay Ayyar, head of international at crypto exchange Luno.

Related Posts

Leave a comment

You must login to add a new comment.

error: Content is protected !!