RE: Terra (Luna) Surges as new proposal hits the mark
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JP Morgan talking about Terra (LUNA) in one of their research notes is huge.
With their history of bashing Bitcoin, it's certainly hilarious.
But to now be talking up the merits of altcoins like LUNA, definitely huge!
From a Hive point of view, we are in the same boat with Hive Backed Dollars.
IF we can stabilise the price of HBD.
Pretty much that's the key difference here.
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Luna's arbitrage is instant where Hive's is not so that's the biggest difference. And yes totally agree with JP Morgan talking up Luna it also means they will be bringing investors across.
I think Luna will have some peaks and dips coming up as there are still alot of Large bag holders who picked it up for 48c