Quote from: el kaka22 on May 12, 2022, 04:41:55 PM

I do not think that it is RIP just yet. I know that it looks like it is not doing well, and I have been part of plenty of algorithm based stablecoins before last year, like SBDO/BDO for example and they dropped and never recovered neither.

So, I have to say that this may not end up recovering as well and I wouldn't be shocked about it, I mean it will probably be fine but I am guessing that it will not be that much of a big deal in the end even if this falls. However, the chances are, there is a small chance it will end up winning as well and I am guessing that it may end up profiting and going back to 1 dollar again helping Luna to get back to 7-8 dollars at least as well.

The Technical team of Luna already to fix the issue by merging new code last night but it didn't work out so this morning they have halted their network. I think the founder of Luna its team is committed but when we look at current supply of Luna which is in circulation stands now more than 3 Billion due to non-stop minting of Luna coin. I don't know how they will manage to reduce this huge supply while maintaining its peg with UST. Let's hope that some miracle happens and price of Luna starts recovering.