Re: Will LUNA's downfall scare away investors from the crypto market?
This past week has been all about LUNA's downfall in price and how UST lost its peg at a very fast pace. Many investors lost their money as the cryptocurrency went from being worth around $80 to just $0 in a few days. There's a lot of FUD surrounding crypto right now, especially with Terraform Labs' inability to restore the peg. If LUNA doesn't recover, this could lead the whole crypto market towards another direction. As promising as crypto/Blockchain tech is, things like this greatly damages its reputation.
Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.
Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.
It so happened that in the history of the development of the crypto industry there are a lot of such stories as with Luna and UST, it’s just that all this is forgotten over time, especially when BTC and other cryptocurrencies grow in price and show new heights. As for my opinion on the situation with Luna and UST and will this situation scare off investors? Here I see it like this, part of the investors will conditionally leave the market, but this happens periodically, but as soon as the bulls enter the market again and the flight to the moon appears, the crypto market will again acquire a new one, maybe even more investors. It has been so in the past and it will probably be so in the future.