How many projects will rug pull in 2022? There are many projects that will face the same fate as Luna project but I believe we are able to raise voice on Luna CEO because he is popular and well known, what about projects with invincible CEO? There are tons of Defi and metaverse projects with invincible team, I think their case will be much worse than what we've seen.
But come to think of it, only bitcoin remain the decentralized cryptocurrency, all other cryptocurrencies are not decentralized. There are over 20000 cryptocurrencies and many of them are not good coins to use, many of them do not have utility purpose. But lunanjs just on of its kind and a present failed project which could later inceease in price there is nothing impossible. If you want to use a coin that is not very volatile, you an use bitcoin.
After Terra (LUNA), I heard that $YFII has decreased in price by up to 70% (although as of today the price of YFII is rising again). All of this may have happened because of the loss of confidence in projects with a background in Finance, which have a very high APY.
Still luna will be the fail of the year. An altcoin can fall 70% when bitcoin ha already falled over 50%. Altcoins are always more volatile. What about coins like doge that has falled 1000% since ATH.