Terra LUNA 2.0 |A Chain Without The Algorithmic Stablecoin
According to Terra, Terra 2.0 will “effectively create a new Terra chain without the algorithmic stable coin.”
“The old chain will be called Terra Classic (token: LLUNC), and the new chain will be called Terra (token:
LUNA).
The chain upgrade will commence a few hours after the Launch snapshot,” Terra announced on Twitter.
However, the funny part here in all of this story is that after LUNA collapsed the company launched another LUNA
and didn't care at all about their old investors.
It is very obvious that they see a higher chance to increase LUNA up to $100 compared to the price of the old
LUNC (Luna Classic) as it was called the previous version of LUNA.
Considering that the market will only speculate but they will not believe in LUNA anymore as long as Terra
gave up on the old project and from all their investors.
Personally, I see that the volume in LUNA 2.0 will move down again. I don't believe that any one of the investors
or traders would like to have something like that on their portfolio.
The maximum the price can do now is only to move within the trading range and probably lower.
Thank you and Good Luck!
According to Terra, Terra 2.0 will “effectively create a new Terra chain without the algorithmic stable coin.”
“The old chain will be called Terra Classic (token: LLUNC), and the new chain will be called Terra (token:
LUNA). The chain upgrade will commence a few hours after the Launch snapshot,” Terra announced on Twitter.
However, the funny part here in all of this story is that after LUNA collapsed the company launched another LUNA
and didn't care at all about their old investors.
It is very obvious that they see a higher chance to increase LUNA up to $100 compared to the price of the old
LUNC (Luna Classic) as it was called the previous version of LUNA.
Considering that the market will only speculate but they will not believe in LUNA anymore as long as Terra
gave up on the old project and from all their investors.
Personally, I see that the volume in LUNA 2.0 will move down again. I don't believe that any one of the investors
or traders would like to have something like that on their portfolio.
The maximum the price can do now is only to move within the trading range and probably lower.
Thank you and Good Luck!
Note
LUNA 2.0 - down down downNote
LUNA : and down we go...
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.