Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result
Home General News

Can Terra LUNA Price Make A Return?

Hania by Hania
May 17, 2022
in General News
Reading Time: 1 min read
A A
0
Can Terra LUNA Price Make A Return?
Share on FacebookShare on Twitter
ADVERTISEMENT

Terra is an algorithmic stablecoin platform for producing stablecoins modeled on currencies like the US dollar and the Euro.

It was among the most prominent stablecoin platforms until lately. From February to April of this year, the LUNA token appreciated by 233 %.

Terra Luna LUNA’s price graph, on the other side, has dropped over 99.9% of its value since the start of May. Only two weeks ago, coins worth more than $80 were valued at as little as a dime each.

As the value of cryptocurrencies begins to decline, there had been a rush on the Terra USD stablecoin. The stablecoin is based on supply and demand dynamics that can not keep up with demand to sustain 1 UST equal to $1. It was previously priced at less than $0.30 for one UST. The stock price of LUNA dropped due to investors’ lack of faith in Terra.

You May AlsoLike

Mixin Network Falls Victim to $200 Million Security Breach

Mixin Network Falls Victim to $200 Million Security Breach

September 25, 2023
How To Generate Passive Income With Index Funds And ETFs

How To Generate Passive Income With Index Funds And ETFs

September 19, 2023

Is it possible for LUNA to make a return? It’s hard to recover a stablecoin’s reputation after it’s been damaged. For its recent emergence, it’s feasible that investors may reconsider investing in this stablecoin now that it’s become less popular. The Luna Foundation Guard, the non-profit which maintains LUNA’s reserves, has pledged to greatly enhance its reserves in order to avoid a repetition of this mishap.

Investing in LUNA has a high level of risk. However, post its May drop, the currency could recover and become a viable long-term investment.

Also Read: Top Cryptocurrencies for 2022

Share76Tweet47
ADVERTISEMENT
Previous Post

What Are Altcoins And Why Should You Know About Them?

Next Post

Crypto Seasonality: Struggling To Deal With It?

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Mixin Network Falls Victim to $200 Million Security Breach
General News

Mixin Network Falls Victim to $200 Million Security Breach

September 25, 2023
How To Generate Passive Income With Index Funds And ETFs
General News

How To Generate Passive Income With Index Funds And ETFs

September 19, 2023
Singapore Has Banned The Founders Of Three Arrows Capital From Trading For 9 years
General News

Singapore Has Banned The Founders Of Three Arrows Capital From Trading For 9 years

September 14, 2023
Check Out These 7 Major Crypto Token Unlocks This Week
General News

Check Out These 7 Major Crypto Token Unlocks This Week

September 11, 2023
BitGo And A South Korean Banking Giant Partner To Make Cryptocurrency More Accessible
General News

BitGo And A South Korean Banking Giant Partner To Make Cryptocurrency More Accessible

September 5, 2023
US SEC Postpones All 7 Bitcoin ETF Applications; What Next?
Bitcoin News

US SEC Postpones All 7 Bitcoin ETF Applications; What Next?

September 1, 2023
Next Post
Struggling To Deal With Crypto Seasonality

Crypto Seasonality: Struggling To Deal With It?

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    201 shares
    Share 80 Tweet 50
  • Elon Musk’s Silence And Its Impact On DOGECOIN

    194 shares
    Share 78 Tweet 49
  • Grayscale vs. SEC Decision Boosts XRP

    194 shares
    Share 78 Tweet 49
  • 3 Cryptocurrencies To Avoid Trading In The Upcoming Week

    193 shares
    Share 77 Tweet 48
  • Bitcoin (BTC) vs. Worldcoin (WLD) Comparative Study

    192 shares
    Share 77 Tweet 48
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2023 CryptoMufasa - All Rights Reserved!

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2023 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.