What has happened to LUNA is one of the worst cases in cryptocurrency history. I really regret that incident. But that doesn't mean it will be a red light for the entire Blockchain system. I think it will be an experience and will make the system on cryptocurrency even better in the future.
I think this is more of a lesson for investors to never trust stablecoins unless they're fully regulated by the government. Just because the UST stablecoin was offering high interest rates to "hodlers" doesn't mean it was a good long-term investment. Only regulations can guarantee investor protections. While the crypto market will continue to decline within the short term, it's likely it will recover after the dust settles. Behind the scenes, crypto/Blockchain tech is being heavily developed to become bigger, faster, and stronger than ever. As long as decentralization wins, there should be nothing to worry about. Just my opinion
