As per Bloomberg’s most recent Tweet, specialists are pessimistic about the future of the Luna 2.0 Token, which has plummeted more than 50% over the past week
The hits have been coming because the backers of the failing Terra blockchain created a new digital token to recompense investors who were burned by one of crypto’s greatest disasters.
Despite the outcry from the Terra community on social media, Do Kwon and his team, Terraform Labs, opted to construct an improved version of the blockchain as a measure of damage control. The launch of Terra 2.0, on the other hand, did not go as planned.
The new coin was trading at a reasonable price, hovering around $19. Despite a great start, the token’s price plummeted to $2.9 in a matter of days.
Investigations Hovering Over Terra
LUNA 2.0 is not only losing face, but it is also appearing to be a failure. Due to potential money laundering, the Terra founder and his crew are currently under investigation by the US and South Korean...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...