Post
Topic
Board Altcoin Discussion
Re: Will Terra (LUNA) recover some time in the future?
by
Abiky
on 24/05/2022, 01:26:22 UTC
You should understand that the value of Luna can never go back to $100. Even the price of $1 looks unrealistic, since at this price, the capitalization of Luna will be more than $6 trillion. While the capitalization of the entire crypto market is now $1.2 trillion, and the capitalization of bitcoin is $570 billion.

Never say never. Dogecoin was once thought to never cross the $0.01 range, because it was taken by many as a joke. Right after Elon Musk started hyping it, DOGE's price rose all the way up towards the $0.50 - $0.60 range. Who would've thought this would happen with a worthless coin like Dogecoin? The same thing might happen with LUNA if the community does the right thing.

It's not about Do Kwon (Terra's CEO), but rather about decentralization. The community is the one responsible for the future direction of the project. If people in the community work together, they can help restore LUNA's confidence among mainstream investors and traders alike. Of course, investing in crypto does come with its risks. As long as you don't invest more than what you can afford to lose, you'll have nothing to worry about. Just my thoughts Grin