After an epic collapse that destroyed tens of billions of dollars of investment, the Luna cryptocurrency project is back in new form. Luna 2.0 officially launched on Saturday and immediately sank like a lead bubble – its value fell by more than 70 percent – according to CoinMarketCap. So what is this digital Hindenburg? LUNA is a token linked to the Terra blockchain, which is considered its so-called “stable coin” offer: cryptocurrencies whose assets are designed to be less volatile by pegging their value to the US dollar or other assets. It all fell apart last week at Terra, and the value of Luna quickly dropped to almost zero. It is believed that the owners of the old version of Luna were sent new versions of the coin before the reboot, but many commentators on the company’s Twitter page complained otherwise. Our best wishes to the #LUNAtic community.
Read it in Watcher News
Add Comment