Post
Topic
Board Altcoin Discussion
Re: Will LUNA be recovered ever?
by
cdog
on 13/05/2022, 15:00:16 UTC
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.
You have to look at the order book that was sold on spot binance trades that there are tens of billions being sold now, so that means that the supply of Luna coins has increased, so it's better to avoid investing in Luna coins even though Luna/Busd has not been delisted in spot trading .