Luna going through hyperinflation, can it ever recover?
Luna is one of Tera's structure along with UST, Luna supply, driving the price down by 99% in April is something every Investors couldn't beliefs it would happen the Luna price collapsed 99% within a day on April 12 and this results on many questions "would it ever rise and recover the loses?.
January 2022 Terra founder announced if purchasing a Bitcoin over 1.5bn to regulate The Stablecoin Terra, as all know UST is collaterized stablecoin for Terra and still under probably maybe it will reach $1. But the massive hyperinflation Luna going through might be the bearish that occurred recently on most populous Cryptocurrency ( Bitcoin) and this totally crash the Luna and make it invaluable.
Presently now, Luna don't have any value, most of UST holder redeem Luna to UST on 1:1 and this has make Luna get a supply chain over 6.5m but that's not the factor we're looking at now, whether it will continue rise or not, the question is that " can Luna recovery the loses back and have a valuable in market space?
What is your sentiment on Luna recover?
Posted Using LeoFinance Beta
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