LUNA2.0 Is Live - Will It Be Successful? Are You Going To Buy?

3개월 전

I've been talking about LUNA for a while now because I lost a lot of money in a short period of time. The team as already launched a new project, abandoning the old one, and has received a lot of backing from significant and well-known crypto exchanges. To be sincere, I never predicted the amount of support Do Kwon and LUNA2.0 are currently getting; it's surprising and bewildering because the massive outpouring of support from nearly every Popular crypto exchange caught everyone off guard; I still can't believe this is happening, maybe the exchanges that are supporting them knows something that the public or the investors doesn't know?

20220528_184254_0000.png

Many investors have been largely affected by the LUNA crash, few are so lucky to pull out their investment when the crash began, while some of the investors literally had to see their investment fall to zero in a short time, that is not going to be quickly forgotten and it is going to be a huge pain in their heart, I do not really think anyone that was affected by the crash would even invest $5 in the new LUNA 2.0, no matter how much public backing Do Kwon is getting from the popular exchanges.

Some big whales lost millions of dollars to LUNA; how can you expect them to trust the new LUNA 2.0 project, let alone invest in it? I believe the majority of people are just waiting for the LUNA 2.0 Airdrops in attempt to recoup some of their losses.

Now to the question 👇👇


Will LUNA 2.0 Be Successful?


Most of the investors who lost money in the LUNA crash visualize any project involving the LUNA team as a failed project, and LUNA 2.0 is no exception. I've seen a couple of posts on Twitter calling LUNA 2.0 a failure project even before it was launched today, May 28th, 2022. It was originally supposed to be launched yesterday based on the reports, I'm not sure why it was moved to today, but this change of date will not help, as it has added fuel to the trust issue people have, since they can't even maintain the launch date.

Launched today and currently down by 71% is another point that people have no interest in the coin, a lot of people are waiting for their airdrop to sell off and this will futher add to the dips..

IMG_20220528_175426.jpg

Some crypto exchanges have distributed the airdrops to the old LUNA holders a.k.a Luna Classic (LUNC) and also open trading immediately, while some other exchange, Binance for example, are yet to distribute the airdrop nor open trading for it.

IMG_20220528_182636.jpg

It began trading today, and it rise to $17, before dropping to $13, not long it rise again to $19.54 and now it has dropped and currently trading at $5.50.

With this declined it means a lot of people are selling off at huge pace, I owned some of the old LUNA after the attack. Although, I haven't received any airdrops, but if I do, I'll be selling off immediately, since I don't trust the project again.

Now to the other question 👇👇


Will You Buy The New LUNA?


As for myself, I won't be doing that because I'm about to receive an airdrop, and secondly, I have a horrible track record with trading LUNA, so I'll avoid it. Fundamentally, the new coin is worthless because it is only a governance coin for a project that has abandoned the (UST) protocol that made it renowned and profitable in the first place.

The new LUNA blockchain has knocked out UST, a stable coin that employs a decentralized algorithmic, and the only way for the new project to rebuild investors trust is to produce new concept that works reasonably well and can persuade investors to put their money.... For me I won't be buying the new LUNA, I'm waiting for Binance update on the airdrop and I've selling off as soon as I got it..

If you must invest, I recommend that you conduct thorough research and analysis, and that you only invest what you can afford to lose.

Will LUNA2.0 be successful? Will you buy? I'd like to hear from you.

Interested in some of my articles on LUNA;

My Investment Loss Experience With Terra LUNA

The Reasons Of The Crypto Crash In 2022 - How To Deal With It

Was Luna A Scam Or An Eye Opener?

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order:  trending
Your post has been successfully curated by our team via @fredquantum at 35%. Thank you for your committed efforts, we invite you to do more and keep posting high quality posts for a chance to win valuable upvotes from our team of curators and probable selection for an additional upvote later this week in the Top Seven.

received_388032689541375-1.jpeg

Note: You must enter the tag #fintech among the first 4 tags for your post to be reviewed.

Yeah, LUNA is coming back and I think the distribution plan is something else, for example, on Binance it doesn't favor the post-attack holders. There are levels of post-attack buyers, those who bought (LUNA) above 1 USD, <=1 USD, and those who bought it at the price it was before LUNA 2.0 went live.

I would say, the distribution of the new LUNA is not favorable for all investors, it cost many a lot and I so much feel for the investors who lost a fortune in its market. What do you think?

·

I've haven't seen any of the LUNA airdrop in my Binance wallet, I bought around $1.3, I dollar cost average in though, bought again at $1 then $0.87 and finally I at $0.0055 all this was done in the aim to make profit to cover up for the top ($1.3)

I haven't seen any update yet on the distribution, I'll try and check Binance announcement page.

Thank you!

·
·

There has been an update on it... You should check it out. The former LUNA is now LUNA classic. And further distribution of Terra 2.0 follows.

·
·
·

Yeah.. thank you, I've seen that the old LUNA has been changed to (LUNC)

But I'm yet to receive the airdrop, any update on that?

Buying luna again will be a daft move bruv, I don't see anybody investing in this shit project, I didn't lose any investment as regards luna but the amount of loss and disappointment to their holder will not let this new project come to a success

·

You're right, plus the team management is very poor.

I hope investors learn from the previous project and don't invest much or better still invest what they can afford to lose

·
·

Am sure everyone has in a way

The rule of investment still remains and stands sure...invest what you can afford to lose and always DYOR. LUNA 2.0 might sound promising but we need to look well before we leap. Thanks for sharing your thought on this subject.
Kindly set @null at 25% in subsequent post.

Criteria Remark
Verified user
#steemexclusive
Plagiarism-free
#Club5050
Beneficiary (25% to @null)
Bid bot