LUNA went to ZERO, causing inflation. What is going to happen next? Is there any chance it will rise again in the near future?
None.... or at least we can say that as long as they have no recovery plan that can change the sentiment of investors into this project, LUNA has no chance to recover at all.
Every time I see the price of LUNA in Coingecko, I feel terribly sad for those investors who bought at the peak and those who gambled their money when it went down because for sure there are some investors who gamblers their money and tried to buy LUNA as well hoping that it will rebound at some point but it didn't went the way they wanted but it goes down even further.
On Coingecko, it has almost 7M total supply and with that huge amount of supply it will be hard for it to go up especially now that there are doubts to the investors if they want to invest into it. On the other hand though, even though I believe that this will not recover anymore I still think that there is still a chance for it to recover (at least around 0.0000000001% chance). I mean anything is possible in crypto right and we've seen unexpected events happening like this one but even though this will recover, I doubt that it will reach 2 digit price again or even a dollar TBH.