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[Salina]

These days Luna is very hot topic in the world of crypto currency. People who invested in Luna crypto, forget to talk about other crypto currency but only Luna. Because Luna dumped very hard from a high price. And mostly all old investors lost their investment.
What do you think ,will Luna recover now in future?

 

[oussama18]

I do not expect to give up on Luna because it is a strong business and has weight in the market if it collapses and people are in conflict with it and earn thousands of dollars. I expect Binance to enter an investor in it and support it

 

[Ivanr01]

I don't think it is possible luna to recover its last price. For this move at least they need to stable their UST stablecoin which drops from $1 to $0.1.. If they fix it to $1 , price of luna will take a move again and it can increase,but this will take a lot of time.. Years..

 

[Horia_10]

They have no plans at the moment to make the price back again because they have decided to reimburse only the rich and that's how you can make the guess that he did actually wanted to scam the innocent and normal people and he did so by creating a vague project that had weal base and crashed eventually

 

[Wisdom01]

I think until ust is pegged at $1 then we could start seeing signs of recovery ,but recovering to its all time high is way impossible , people holding millions of the token at this dip , would be ready to dump at every increase , preventing it to move high as we all expect it to reach

 

[Skysaint]

Seriously, I don't think so. Bitcoin that slowly went down from the $60k mark to about $30k has not yet recovered from the dip ever since let alone a coin that went from about $90 to $0.1 within days.
Seriously, I don't think it's possible and by the way, the management team for the coin aren't taking any positive response as regards to this so I guess it's a bit impossible.

 

[silmel]

Sometimes I believe in the impossible and miracles happen... where everybody sees a considerable loss, I see an opportunity, I don't know how long it's going to take or it will happen at all, but just in case something great happens, I have some luna.

 

[Wisdom01]

Seriously, I don't think so. Bitcoin that slowly went down from the $60k mark to about $30k has not yet recovered from the dip ever since let alone a coin that went from about $90 to $0.1 within days.
Seriously, I don't think it's possible and by the way, the management team for the coin aren't taking any positive response as regards to this so I guess it's a bit impossible.

although I heard they were making effort for a recovery plan , but I haven't heard anything from them on that been enforced, so many people have really lost hope , while some actually think the price would not be able to get back to it's former position again

 

[silmel]

although I heard they were making effort for a recovery plan , but I haven't heard anything from them on that been enforced, so many people have really lost hope , while some actually think the price would not be able to get back to it's former position again

They lost a lot of money trying to recover but it was unjustified money, now what's left I don't know what they will do with it, maybe they just have to wait for some good investors to come forward.

 

[Wisdom01]

They lost a lot of money trying to recover but it was unjustified money, now what's left I don't know what they will do with it, maybe they just have to wait for some good investors to come forward.

the project is Less trusted for now ,I actually dont think it would be that easy for them to start getting the investors for the coin ,since they have not start intiating any of their revival plan and what most people want is actually nothing but a burn on the supply of Luna ,to get things put together

 

[fiery phoenix]

the project is Less trusted for now ,I actually dont think it would be that easy for them to start getting the investors for the coin ,since they have not start intiating any of their revival plan and what most people want is actually nothing but a burn on the supply of Luna ,to get things put together

I think they are some few retail investors still holding Luna not because they still believe in the project but because they have suffered great losses that a single up surge bull run is what they are waiting for that they can sell their crypto and recuperate something from their loss.So you are right,a burn on the Luna supply might be needed

 

[pantic123]

I was so surprised and scared to see what have happend to Luna in just one day, I mean going down from $90 to just $0.001.. damn! I'm new to CryptoCurrency world, I've recently just started messing with it, some BTC, but now I don't know should I even consider to keep going on and using crypto or just leave it to the experts and stick to the cash...

 

[Wisdom01]

I think they are some few retail investors still holding Luna not because they still believe in the project but because they have suffered great losses that a single up surge bull run is what they are waiting for that they can sell their crypto and recuperate something from their loss.So you are right,a burn on the Luna supply might be needed

many are loosing the trust , I saw in news some recent time ,that the amount of supply have surpassed seven trillion dollar and the market cap have reduce from one billion dollar ,all of these are showing that there might not be any form of recovery plan again ,to probably build the coin ,lot of people are just making loss

 

[Skysaint]

although I heard they were making effort for a recovery plan , but I haven't heard anything from them on that been enforced, so many people have really lost hope , while some actually think the price would not be able to get back to it's former position again

A recovery plan that will bring back it's price from the present value to the former value? Well, I don't want to say it's impossible but it will be very difficult and will take such a long time to actualize that goal. That's if they're actually making effort to recover the original value of the coin.
Let's just watch how the market will go from now henceforth.

 

[fiery phoenix]

A recovery plan that will bring back it's price from the present value to the former value? Well, I don't want to say it's impossible but it will be very difficult and will take such a long time to actualize that goal. That's if they're actually making effort to recover the original value of the coin.
Let's just watch how the market will go from now henceforth.

I think that a recovery back its original market price is out of question.Most whales have forked out their capital from the project and there is little trust left in LUNA,so basically they are left with small volumes of investment which won't be enough to take it back to its original price,with the immensely high supply of LUNA another factor to making it impossible

 

[Ivanr01]

A recovery plan that will bring back it's price from the present value to the former value? Well, I don't want to say it's impossible but it will be very difficult and will take such a long time to actualize that goal. That's if they're actually making effort to recover the original value of the coin.
Let's just watch how the market will go from now henceforth.

They just lost the trust from the community and everyday terra luna is going deeper and deeper. Now luna classic have better chance,since its launch it increased 10,000% and will continue growing to $1 at least for sure.

 

[fiery phoenix]

They just lost the trust from the community and everyday terra luna is going deeper and deeper. Now luna classic have better chance,since its launch it increased 10,000% and will continue growing to $1 at least for sure.

I agree,LUNA classsic has a better chance and is looking promising.It has recorded a growth of over 147% in the last 24 hours with trading volume of over $37,000 which has increased by over 40% in the last 24 hours.Seems to me like Luna Classic has already hit the ground running.The market capitalization is not yet clear,but the trading volume is rapidly increasing

 

[Balint098]

Kinda unlikely. Do Kwon and Terraform Labs have decided to abandon the old Luna, now rebranded as Classic Luna, and fork a new chain with a new coin simply called Luna. Without insane support from investors, Luna won't go anywhere. Who in their right mind would pump a coin with bad reputation like Luna anyway.

 

[Skysaint]

I think that a recovery back its original market price is out of question.Most whales have forked out their capital from the project and there is little trust left in LUNA,so basically they are left with small volumes of investment which won't be enough to take it back to its original price,with the immensely high supply of LUNA another factor to making it impossible

I think so too. They can only manage to take it back to just one dollar if they should work hard but anything greater than that, I don't think it will be possible, and win be anytime soon.
I think they should just abandon the whole thing because making it come back to just one dollar won't serve as compensation to those who invested when the price was $90.

 

[Skysaint]

They just lost the trust from the community and everyday terra luna is going deeper and deeper. Now luna classic have better chance,since its launch it increased 10,000% and will continue growing to $1 at least for sure.

You have a point there. They already lost the trust of both the cryptocurrency whales and the ordinary investors, I think this is another case of pump and dump action by cryptocurrency initiators.
I don't even think the Luna classic will go that far since it's more like another version of Luna and people will be somewhat scared to invest in any coin bearing that name. Let's watch and observe the market for some time anyway.