Terra (LUNA) trading volume surge 200% as market adjusts to death spiral

Описание: Uphill battle but may not be over

It has been a very disastrous week not only for Terra but also causing a meltdown in the crypto world. It is not without impact that Luna and UST which at one point both ranked in the top 10 coins had about $50B marketcap and literally vanish within a week.

UST and Luna which are tied together went down a Death Spiral effect where Luna kept on minting to save UST and UST kept being sold.

There are about 6.5 Trillion Luna in supply, but luckily they have stopped minting, which I would interpret as they are not trying to save UST anymore at the cost of Luna

The crash is mainly attributed to a Class 3 Stablecoin which is a fictional peg to USD.

Luna is a fully functional blockchain and with quite a matured ecosystem in place.

Luna by itself if they do abandon UST and focus on Luna, it will flourish once again and may make the greatest comeback of all time.

Trading opportunities???

I am not surprised that Luna or UST was at one point halted in trading and even delisted. Subsequently relisted again within 24 or 48 hours in most exchanges

This gives the indication that all the rest understands that if Luna really disappear, what would it really mean to the entire crypto world. It needs to be rescued. How? This is the mystery.

It may be worth a small bet on Luna to make the greatest comeback of all time, might even lead us out of crypto winter.

What Do You Think???

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