Topic: Will Terra (LUNA) recover some time in the future? - page 4. (Read 833 times)
There seems to be a glimmer of light at the end of the tunnel. That's the situation right now as Terra (LUNA) has seen a 55% increase for its price for the last 24 hours. This might suggest that despite the fall there are still investors who are taking advantage of the cheap coins and bought much. But this does not mean to say that Terra (LUNA) is already on the road to redemption. Anything could still happen and this coin is still a very risky choice.
In my opinion, it will not return to its original price if it is still prioritizing ust because for your help, Luna's own UST value will sink and maybe become 0 because there are too many supplies outside
The developer must save both of them if they want UST and Luna to do well in the market because without rescue from the team, investors will certainly ignore them and will no longer see them in the future. Because what the Luna team needs are investors who want to care about their two products that are already in the market for now.
I don't think Terra Luna will recover in the future, because this coin has sunk too deep and has been neglected by the management team, even if Luna is taken over by another manager I don't think the price will be able to exceed the achievements achieved a few months ago, because of trust society towards LUNA is currently very critical.
Changing conditions during the voting process
https://agora.terra.money/t/terra-ecosystem-revival-plan-2-amended/18498
"==== Amendment #1 ====
Some details of the token allocation have been modified in the proposal to accommodate community feedback - changes and reasoning outlined here. The proposal body has also been edited to reflect the changes in the amendment. If you’ve already voted and disagree with the changes, please vote “No” - you have 5 more days to do so.
Pre-attack Luna holders distribution - for all holders with a snapshot balance of 10k Luna or less, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 mnth cliff. This is to ensure that small Luna holders have similar initial liquidity profiles. This would cover 99.81% of Luna wallets while only representing 6.45% of total Luna at the Pre-attack snapshot.
Post-attack UST holders distribution - 20% → 15%. This is to ensure that depeg related allocation is on par with the original stakeholder (pre-attack Luna) allocation. The 5% saved goes to the community pool.
Increase initial float: all initial float allocations modified from 15% → 30% to increase initial token float."
https://agora.terra.money/t/terra-ecosystem-revival-plan-2-amended/18498
"==== Amendment #1 ====
Some details of the token allocation have been modified in the proposal to accommodate community feedback - changes and reasoning outlined here. The proposal body has also been edited to reflect the changes in the amendment. If you’ve already voted and disagree with the changes, please vote “No” - you have 5 more days to do so.
Pre-attack Luna holders distribution - for all holders with a snapshot balance of 10k Luna or less, 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 mnth cliff. This is to ensure that small Luna holders have similar initial liquidity profiles. This would cover 99.81% of Luna wallets while only representing 6.45% of total Luna at the Pre-attack snapshot.
Post-attack UST holders distribution - 20% → 15%. This is to ensure that depeg related allocation is on par with the original stakeholder (pre-attack Luna) allocation. The 5% saved goes to the community pool.
Increase initial float: all initial float allocations modified from 15% → 30% to increase initial token float."
When Luna dropped now on the internet, many giveaway or airdrops promises that will pay with Luna, but from some of the programs that I have followed until now it hasn't gotten paid, it seems that many people use this to increase Luna again, but the most important thing for Luna is to immediately restore prices Or at least it can reach 50% of the initial price position in May, if the price does not recover in the near future then I'm sure Luna will disappear in the market.
I hope the LUNA team does the right thing in the end in order to help restore crypto's reputation worldwide. Otherwise, it'll take a long time before investors gain confidence in the entire crypto/Blockchain space. Right now, the Terra community and validators are divided on what the project's future direction will be. Some will support the fork, while others will support burning the existing LUNA token's supply. What will happen by the end of the month, is a mystery. A re-branding might be necessary in order to bring back people's trust.
They did bad things at start of the crisis and during the crisis, they handled it very bad. I don't trust that they can handle it well after the fork. They might create pump games for new LUNA after that but it might not be a successful new project. People want to gamble, there is a new game for them with new LUNAI feel like the best thing we could do right now would be to make sure that we make a bit of a profit with other stuff. Even if you lost a ton of money then we should still not be worried about it because the money you lost on Luna could be made back from the other projects if you pick good ones.
It is hard to tell, from the current state of things one can argue that it is impossible, there is no hope to save luna judging by the decision of the ceo Do Kwon.
Assuming he agrees to what majority of the luna community wants which is to burn the excess luna perhaps it will be possible to save luna, but as it is now it doesn't seem achievable.
Assuming he agrees to what majority of the luna community wants which is to burn the excess luna perhaps it will be possible to save luna, but as it is now it doesn't seem achievable.
Not at all. Luna lost Trust in the market the community support is gone. The revival plan flop. One important thing is that Reserves are now lost in the idiot behavior of the team. Next to it team made resignations. coin is in trouble.
https://www.binance.com/en/blog/leadership/czs-faq-8--on-lunaust-and-taking-the-right-risks-421499824684903883
CZ’s FAQ 8 - On LUNA/UST and Taking the Right Risks
2022-05-20
"As an investor, diversify your portfolio. Don’t put all your savings in one coin because it offers a high APY (Annual Percentage Yield).
In fact, stay away from super high APY investments. Those hardly last. High APY = high risk."
CZ’s FAQ 8 - On LUNA/UST and Taking the Right Risks
2022-05-20
"As an investor, diversify your portfolio. Don’t put all your savings in one coin because it offers a high APY (Annual Percentage Yield).
In fact, stay away from super high APY investments. Those hardly last. High APY = high risk."
In my opinion, it will not return to its original price if it is still prioritizing ust because for your help, Luna's own UST value will sink and maybe become 0 because there are too many supplies outside
The old version of LUNA was abandoned by the team, I think it is highly recommended to leave this project as soon as possible because sooner or later the old version of LUNA will be just a coin pump and dump. If the question is whether the old version of LUNA can recover to the tens it's very impossible, but at least if we buy at $ 0.000xx it will be very possible to make a profit even though it's been going down lately, at least the coin will have a flash pump usually.
You should understand that the value of Luna can never go back to $100. Even the price of $1 looks unrealistic, since at this price, the capitalization of Luna
will be more than $6 trillion. While the capitalization of the entire crypto market is now $1.2 trillion, and the capitalization of bitcoin is $570 billion.
It's not realistic anymore to reach the price of $1 because everyone already knows the max supply currently circulating, the position of price investors maintains before the snapshot, because if the voting will approve the proposal for the v2 luna coin then the Luna Classic coin may no longer be valuable. will be more than $6 trillion. While the capitalization of the entire crypto market is now $1.2 trillion, and the capitalization of bitcoin is $570 billion.
At first I thought it is worth risking but it seems the gravity of the problem is so severe the possibility is leaning more towards LUNA dying than recovering what was once lost. At this point, I cannot see any reason why investors would once again trust the project given what happened and given the fact that LUNA is not the only thing there is to choose. The cryptocurrency market is vast and there are a number of other options that are far better than LUNA. If I were one of those big investors of LUNA, I wouldn't trust them again.
Luna price drop drastically and i think it needs a lot of time to revover. If the project developer works hard and make a new twist or strategy then maybe it will rise back in the near future, i already buy luna for just 10$ and wait till the price rise, 10$ is not a big loss if ever Luna didn't recover in the future so my suggestion buy and hold.
You should understand that the value of Luna can never go back to $100. Even the price of $1 looks unrealistic, since at this price, the capitalization of Luna will be more than $6 trillion. While the capitalization of the entire crypto market is now $1.2 trillion, and the capitalization of bitcoin is $570 billion.
Today I bought about $ 20 luna, if I see the number of Luna's giveaway on Twitter, I'm sure Luna can rise, this is what makes me sure that buying when a very cheap precious coin is very promising. And we must know that Luna has a strong community and developer so it will be easy to rise.
I was surprised that most of the new topics in the altcoin discussion are all about Luna.
I could see that many people, especially holders are hoping to see some light out from the darkest time of this project. But, I'm not sure if the developer or the owner of this project will hear them nor I could think that they will find a way to lift up their reputation after being busted by many exchanges where it was listed (e.g Binance). Maybe I'm wrong but doubted if the project still has the chance to regain its reputation as these investors and the community had look Luna as a scam.
I could see that many people, especially holders are hoping to see some light out from the darkest time of this project. But, I'm not sure if the developer or the owner of this project will hear them nor I could think that they will find a way to lift up their reputation after being busted by many exchanges where it was listed (e.g Binance). Maybe I'm wrong but doubted if the project still has the chance to regain its reputation as these investors and the community had look Luna as a scam.
https://station.terra.money/proposal/1623
This vote keeps all owners of coins in suspense.
If the proposal is accepted, then you will receive new Terra coins with vesting for 2-4 years, and the old coins will be worthless.
This vote keeps all owners of coins in suspense.
If the proposal is accepted, then you will receive new Terra coins with vesting for 2-4 years, and the old coins will be worthless.
Investors are not feeling well on this projects and probably that's the reason why it fells like a rock within months. So i don't think its easy for them to recover despite of the current situation as it's chan
Infact luna team has a plan to make a new token for investors, so on that case it will become so unpredictable if luna has a chance to recover because it seems they want to abandon the project and rely on their new token.
Infact luna team has a plan to make a new token for investors, so on that case it will become so unpredictable if luna has a chance to recover because it seems they want to abandon the project and rely on their new token.
no longer have the possibility for Terra Luna coins to recover, the developers of Luna coins don't have enough money left they can pump the coins again and even their Stablecoins are UST, from news on social media they say they will make Luna V2 and all kinds of issues but so I think logically when a coin falls too deep then there is no possibility for the coin to rise, if indeed the developers wanted to save Luna and UST then they would have done so before the coin fell very deep, but in fact they were unable to do so. it's better not to want to go in to buy Luna now, it will be a loss.
there is news regarding the snapshot regarding the Luna holder. it's a related update from Terra 2.0 team. I'm not sure it will go smoothly. because this news is still uncertain.
I think it's definite information because voting is already dominant to agree but in fact many real votes do not agree for the Luna v2 fork, but many doubt the voting by the terra team and many guess they are working with bots. I'm also not sure that they can develop well for the new luna coin because of the low trust of the community. Jump to: