Terra (LUNA) price is in free fall on May 11th. Terraform Labs CEO, Do Kwon, today announced the anticipated recovery process to help TerraUSD (UST) return to the dollar rate. However, a mysterious Twitter analyst reported months ago that the altcoin price would collapse to $10. Kwon even offered the analyst a $200 million bet on it…
“You will have a second chance to buy LUNA for $10 in 2022”
Popular Twitter analyst “KALEO” with 494k followers predicted that the LUNA price would see $10 again in 2022 with the following tweet on January 8th:
In 2022 you will have a second chance to buy the LUNA for $10, but you probably won’t dare to buy it.
Terraform Labs CEO Do Kwon is assertive about this tweet. gave an answer:
I will accept this bet. 20 million dollars? Let’s make $200 million. Let’s agree to the end of 2022.
Terra (LUNA) and TerraUSD (UST) prices, altcoin market While churning, it deepened the downward momentum evident on May 4 to almost 99%. In this article, we have discussed why the prices have dropped so much. Santiment analysts say in a recent report…
“Altcoin investor sentiment is at all-time low”
Investor sentiment is at an all-time low, according to a recent report by Santiment. A tweet published during the day reveals the following rates:
Terra’s price fell 88% in 5 weeks after retrieving the $119 ATH price on April 5. The LUNA foundation sold all its BTC for up to $15.50 after UST lost its fixed value. As a result, sentiment is at an all-time low.
Embattled cryptocurrency, ATH level reached on April 5 It has experienced a staggering 96.49% drop from $119, which is the same. Due to the massive collapse, Terra is currently ranked 37th in market cap, down from the seventh position he normally holds. Terra’s UST is trading at $0.497 and is unable to return its peg to the $1 mark. Luna Foundation Guard has distributed all Bitcoin reserves to support the approved, algorithmic stablecoin by taking a look at the Luna Foundation Guard reserve board. As
Kriptokoin.com, leading cryptocurrency exchange Binance stopped LUNA and UST withdrawals on May 10, citing network congestion and slowness.
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