Is LUNA Dead and Why did Terra Luna Price Drop Below 4 Cents?: Luna is a type of cryptocurrency which has another name, Terra. It is a blockchain protocol that hopes to increase the overall use of stable coins. Its main use is to provide imprest cash for traders and investors who invest in this and keep the price of UST stable. users can bet their tokens to provide hard cash for traders and earn rewards. Basically, it is a type of share market. For the first week of couple May 2022, a few large UST withdrawals were made. this sale of UST increased the supply and brought the price of Ust fall down. When the price falls down all of the investors become fearful. however, its system had a maximum amount of UST that could be burned. Once that limit was reached, the Stablecoin began to Freefall. Follow More Update On GetIndiaNews.com
Is LUNA Dead?
In the last week, LUNA has fallen from nearly $90 to around $1.00. investors holding LUNA lost almost the entirety of their position. For the second half of 2021 and up until the crash of UST LUNA had been swiftly rising. In fact, it appreciated over 1,000% from its lows in May 2021 to highs of nearly $120 in April 2022. The bad news is that until UST is fully at $1. traders will have many opportunities and LUNA will continue to deal with unrepeatable sell pressure on the cryptocurrency to lower lows. While some traders may suggest to DCA LUNA because of the current low prices, it will be wiser to wait until UST is closer to $1 before attempting to buy in right now.
Why did Terra Luna’s Price Drop Below 4 Cents?
Many people have to overcome their fear and said that he investing in the future carefully. the way the cryptocurrency market can be measured is by comparing bitcoin to other tokens .government also decide that this cryptocurrency will be banned. this is very harmful to people and the country and for security reasons.
Many investors lose their currency on this platform and children also use this and they are addicted so this is very important this kind of thing will be stopped. meanwhile, some unconditional activities are going into this platform. lots of people going into this platform for gaining additional income and win rewards. if some more information will become then I will inform you and for more information go to this website. I provide a link in the description below
Source: Get India News