⭐ Merited by hugeblack (4)
UST isn't backed by anything anymore. I'm surprised it still has 1.4 billion dollar market cap and 12 cents per coin. I'd say it's pure speculation.
And surprisingly Terra still has a market cap of 1.1 billion, with about 6 trillion coins printed, price is $0.0001 right now, basically, they could just print a quadrillion and even if it goes to $0.0000001 they would still be worth 1 billion.
But I love the warning on CMC:
Quote
Due to the de-pegging of UST, LUNA is experiencing extreme volatility
Yeah, quite volatile indeed. Even the EKG of a zombie would be more animated!
Sir I just posted it here to get advice from experienced guys that whether it's good to invest in LUNA at the moment or not? Previously we have seen many coins coming back to original prices after falling to ground.
The problem is that Luna is doing some real digging after this fall, soon to reach the inner core and burn up in flames.
But you could give us some examples of coins that have fallen from 100$ to one hundred of a cent and recovered since we're unaware of these miracles.!