Cryptoknowmics
2022-05-14 13:30:56

Terra (LUNA) Declines by over 39000% in 24 Hours: What Next?

Terra native token LUNA has been displaced from its top ranking in the top 20 cryptocurrencies and is now in position 211th at the time of writing. Its price has moved from a 7-day high to and low price of $0.0001136 and $68.27 respectively. It is presently trading at $0.0022 at the time of writing. The 24 hours high and low prices of LUNA are $0.00001675 and $0.00675. This means that LUNA experienced a low price of about 39298% past 24 hours. LUNA’s bullish prediction is between $102.62. LUNA’s bearish prediction is $0.46. With the present price of Terra native token LUNA, new investors that are patient could be millionaires soon. Although, the present market downtrend affected Terra’s price for some days. It’s major dip has been caused by faults that led to the implosion in its Stablecoin TerraUSD (UST), and Binance’s decision to suspend the withdrawal of the token. With the position of the Terra founder that it is doing everything to restore it to a part of recovery, the price of LUNA has experienced some recent regain. Irrespective of this position, the early investors are counting their great losers after hoping that the project is here to stay and with great prospect in the future. From the present price, it means that investors, who had invested in Terra when it was at its seven-day high price of $68.27, are now having $0.00022 for each 68.27 investment. Presently, every long-term holder of LUNA is now having $22 for th...

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