fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Thursday, March 30, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
Online Crypto College
No Result
View All Result

What is Luna 2.0? Gambling, Speculative Asset, or Prized Possession

June 1, 2022
in Altcoin
Reading Time: 3 mins read
A A
What is Luna 2.0? Gambling, Speculative Asset, or Prized Possession
ShareShareShareShareShare

Related articles

U.S. and South Korea vying for Do Kwon trial; extradition destination uncertain

U.S. and South Korea vying for Do Kwon trial; extradition destination uncertain

March 30, 2023
Binance’s reputation at risk as CFTC allegations raise concerns

Binance’s reputation at risk as CFTC allegations raise concerns

March 29, 2023

After TerraUST and Luna crashed to $0, Terraform Labs founder Do Kwon suggested a revival plan giving birth to Luna 2.0. The new version is not connected to the UST and has no algorithmic elements either. Luna 2.0 received 65.50% of the governance votes that came in favor of Do Kwon’s proposal to revive the Terra ecosystem. Also, the new Luna was launched on May 27 with top exchanges announcing that users can transact it from day-1.

Read More: Full List of Businesses that Accepted Shiba Inu As Payment in May 2022

Terra Luna 2.0 is still seen by skeptics eyes and is not the most trusted cryptocurrency at present. Several questions about the Luna foundation Guard (LGF) and Do Kwon’s behavior and integrity have remained unanswered.

Fadi Aboualfa, the Head of Research at crypto brokerage firm Copper, revealed to Bloomberg that Luna 2.0 is just pure gambling. The analyst called Luna a “tarnished brand” and also called its overall purpose in the industry “pointless”.

“This is pure gambling like crypto has never seen before,” he said and continued, “One of the most important things about crypto is the brand or marketing and community. Terra has burned its community, and its brand is tarnished. Whatever they do here is going to be pointless.”

Read More: Terra Luna: South Korea to Launch New Crypto Oversight Committee

Terra Luna 2.0 Performance

Source: Pixabay

Luna hit the indices at a starting price of $17.8 and slumped 80% on launch day. It reached its all-time high post-launch touching $19.54 and fell sharply to $6 the same day. However, during the weekend Luna fell to its lowest at $4.39, sending jitters that another collapse might be on the cards.

Nonetheless, Luna’s saving grace came when Binance listed it yesterday and it jumped 90% in the span of 24-hours. Binance opened an influx of investors into Luna making its trading volume soar. Not surprisingly, the buying pressure for Luna didn’t sustain for more than a day and is now down double digits in the indices.

The ‘rebirth’ crypto nearly fell 30% today and is struggling to trade with double digits. The real and true test for Luna and its founder Do Kwon will now begin. At press time, Luna was trading at $7.14 and is down 26% in the 24-hours day trade.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Jackson Palmer Dogs Elon Musk; Tesla CEO Responds

Next Post

Invest In The Next Big Token On Cardano $AGONY, Staring Today In Private Seed Market – Coinpedia – Fintech & Cryptocurreny News Media

Related Posts

U.S. and South Korea vying for Do Kwon trial; extradition destination uncertain

U.S. and South Korea vying for Do Kwon trial; extradition destination uncertain

March 30, 2023

Ad The U.S. and South Korea both aim to prosecute Terra founder Do Kwon, making his next destination unclear, according...

Binance’s reputation at risk as CFTC allegations raise concerns

Binance’s reputation at risk as CFTC allegations raise concerns

March 29, 2023

Ad The following is a guest post from web3 investor Anndy Lian.The U.S. Commodity Futures Trading Commission (CFTC) has sued...

SafeMoon working to ‘rectify’ situation after $8M exploit, says CEO

SafeMoon working to ‘rectify’ situation after $8M exploit, says CEO

March 29, 2023

SafeMoon (SFM) CEO John Karony has issued a statement following the exploit of the decentralized finance exchange. In an email...

SEC charges force crypto exchange Beaxy to close operations

SEC charges force crypto exchange Beaxy to close operations

March 29, 2023

Ad The U.S. Securities and Exchange Commission (SEC) has charged crypto trading platform Beaxy and its executives — including the...

Is a Utility Altcoin Rally Imminent?

Is a Utility Altcoin Rally Imminent?

March 29, 2023

Amidst the Ripple vs. SEC legal fight, many have observed how the potential outcome could impact XRP, with some preparing...

Load More
Next Post
Invest In The Next Big Token On Cardano $AGONY, Staring Today In Private Seed Market – Coinpedia – Fintech & Cryptocurreny News Media

Invest In The Next Big Token On Cardano $AGONY, Staring Today In Private Seed Market - Coinpedia - Fintech & Cryptocurreny News Media

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

eNaira Adoption Grows Amid Nigeria’s Cash Shortages

eNaira Adoption Grows Amid Nigeria’s Cash Shortages

March 23, 2023
Blockchain Safe Havens: Cayman Islands or Bahamas? – BeInCrypto

Blockchain Safe Havens: Cayman Islands or Bahamas? – BeInCrypto

March 25, 2023
Dogecoin price reacts to Elon Musk’s comments

Dogecoin price reacts to Elon Musk’s comments

March 23, 2023
Aptos News Generates The Potential For AI Crypto Solutions From Avorak AI or Fetch.ai

Aptos News Generates The Potential For AI Crypto Solutions From Avorak AI or Fetch.ai

March 24, 2023
MakerDAO Keeps USDC as Primary Collateral for Dai

MakerDAO Keeps USDC as Primary Collateral for Dai

March 25, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • EU Proposes Cap on Anonymous Crypto Transfers
  • Bitcoin price briefly hits $29K despite regulatory crackdowns – Cointelegraph
  • EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions – Regulation Bitcoin News
  • U.S. and South Korea vying for Do Kwon trial; extradition destination uncertain
  • Binance’s reputation at risk as CFTC allegations raise concerns
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$28,340.005.75%
  • ethereumEthereum(ETH)$1,809.545.23%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$317.222.73%
  • usd-coinUSD Coin(USDC)$1.00-0.19%
  • rippleXRP(XRP)$0.5717.10%
  • cardanoCardano(ADA)$0.38728911.15%
  • staked-etherLido Staked Ether(STETH)$1,806.105.10%
  • dogecoinDogecoin(DOGE)$0.0759735.08%
  • matic-networkPolygon(MATIC)$1.148.68%
  • solanaSolana(SOL)$21.157.08%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • polkadotPolkadot(DOT)$6.246.59%
  • litecoinLitecoin(LTC)$91.796.38%
  • shiba-inuShiba Inu(SHIB)$0.0000114.04%
  • tronTRON(TRX)$0.0646791.17%
  • avalanche-2Avalanche(AVAX)$17.264.84%
  • daiDai(DAI)$1.00-0.25%
  • uniswapUniswap(UNI)$5.995.14%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,296.005.32%
  • chainlinkChainlink(LINK)$7.256.69%
  • cosmosCosmos Hub(ATOM)$11.283.51%
  • leo-tokenLEO Token(LEO)$3.400.69%
  • ToncoinToncoin(TON)$2.123.49%
  • ethereum-classicEthereum Classic(ETC)$20.845.37%
  • moneroMonero(XMR)$157.912.53%
  • stellarStellar(XLM)$0.10560413.34%
  • okbOKB(OKB)$43.261.11%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$123.693.32%
  • filecoinFilecoin(FIL)$5.768.02%
  • AptosAptos(APT)$11.666.87%
  • lido-daoLido DAO(LDO)$2.4318.12%
  • true-usdTrueUSD(TUSD)$1.00-0.24%
  • hedera-hashgraphHedera(HBAR)$0.0610223.57%
  • quant-networkQuant(QNT)$121.842.24%
  • crypto-com-chainCronos(CRO)$0.0684353.07%
  • nearNEAR Protocol(NEAR)$1.946.05%
  • vechainVeChain(VET)$0.0231646.61%
  • ArbitrumArbitrum(ARB)$1.2510.36%
  • algorandAlgorand(ALGO)$0.2167969.11%
  • apecoinApeCoin(APE)$4.172.49%
  • internet-computerInternet Computer(ICP)$5.026.25%
  • blockstackStacks(STX)$1.0218.29%
  • the-graphThe Graph(GRT)$0.14743812.86%
  • fantomFantom(FTM)$0.46085314.95%
  • eosEOS(EOS)$1.155.04%
  • the-sandboxThe Sandbox(SAND)$0.647.40%
  • decentralandDecentraland(MANA)$0.607.36%