Terra

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/terra-ecosystem-collapse-affects-crypto-investors-in-2022/" data-wpel-link="internal">Terra Ecosystem Collapse Affects Crypto Investors in 2022</a><br></p>
<p style="text-align: justify">The collapse of the Terra <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">ecosystem</a> turned 2022 into a nightmare for crypto <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>, leading to massive losses. We witnessed the bankruptcy of many popular companies. With the collapse of FTX, Alameda, 3CA, Celsius, and others, we found ourselves in one of the rarest instances of extreme sell-offs in crypto. <a href="https://en.coin-turk.com/bitcoin-etfs-witness-substantial-outflows-as-investors-exhibit-caution/" data-wpel-link="internal">BTC</a> violated its previous ATH level as support and is now trading close to its all-time high again.</p> 
<h2 style="text-align: justify" id="luna-coin-analysis">LUNA Coin Analysis</h2> 
<p style="text-align: justify"><strong>Terra</strong> accepted a billion-dollar fine and will make a substantial payment to the US. However, the source of this money is debatable because paying over 4 billion dollars after the collapse of a 40 billion dollar ecosystem is not easy. At the time of writing, the LUNA Coin price is at $0.43. It dropped to $0.38 with the BTC decline.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-365089 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/LUNAUSDT_2024-06-25_22-09-28.png" alt="" width="1269" height="585"></p> 
<p style="text-align: justify">After the collapse, the continuously declining <strong>LUNA Coin</strong> is hovering around the dip it saw after the new token distribution. If it can reclaim the $0.548 support, it may gather strength for new upward attempts. On the other hand, if it surpasses $0.679, targets of $0.78 and $0.94 can be considered.</p> 
<p style="text-align: justify">In a speculative rally, the peak around $1.2 seen at the beginning and end of March looks suitable. For now, BTC has not yet initiated a solid upward movement. A recovery supported by BTC might be discussed with the reclaiming of $64,600. Currently, the price is at $62,000.</p> 
<h2 style="text-align: justify" id="lunc-coin-prediction">LUNC Coin Prediction</h2> 
<p style="text-align: justify">The <strong>LUNC</strong>, which turned into a ghost town and became worthless with increasing supply, lost the $0.0000888 support. At the time of writing, it is trading at $0.000081. If we see new attempts at the $0.0000712 support, it will open the door to deeper lows. The price staying strong above the support is related to the BTC price reversal from $58,500.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-365090 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/LUNCUSDT_2024-06-25_22-12-32.png" alt="" width="1268" height="585"></p> 
<p style="text-align: justify">If LUNC can reclaim $0.0000951 as support, targets of $0.000128 and $0.000142 can be considered. In a possible speculative rise (as LUNC investors are accustomed to these), we might see a large upper wick above $0.000173. Of course, for this to happen, BTC must establish a solid ground and we need to see a recovery in investor risk appetite.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/terra-ecosystem-collapse-affects-crypto-investors-in-2022/" data-wpel-link="internal">Terra Ecosystem Collapse Affects Crypto Investors in 2022</a></h5>

Terra Ecosystem Collapse Affects Crypto Investors in 2022

Table of Contents

COINTURK NEWS

Muita 25. kesäk. 2024 julkaistuja artikkeleja

Buy, Sell, Send: Strike Makes Bitcoin Easy for UK Users

Bitcoin Price Fluctuates and Impacts Altcoins

The Future of DeFi - Most Promising Altcoins Today

Ethereum Layer 2 Blast Secures Major Exchange Listings Amid Airdrop

WikiLeaks founder Julian Assange released from prison, how much crypto does he own?

Toncoin Price Regains Support After 5% Surge; What’s Coming Next?

Join our free newsletter for daily crypto updates!