Will Luna coin continue to decline? The answer to the question is among the questions questioned. The collapse in the crypto money market in the past days created a big earthquake in Terra Luna, which made ATH with $ 119 in March. Investors are closely following the comments for Luna coin. So, will the Luna coin continue to decline? When will Luna coin rise, will it rise? Forecasts and reviews….
Fixing the UST to 1 dollar in the collapse is among the solutions applied for now. Millions of Lunas will be taken at the bottom level. It is difficult to predict how long this will continue. It is among the expert comments that Luna will not be able to reach old levels for a long time..
How much does Luna coin cost?
Seeing the bottom level, the price of Terra Luna coin is currently advancing at the level of 1 dollar. It can be said that there is a small-scale recovery in the coin, which declined to $ 0.60.
Why did Terra Luna fall?
After the US inflation data, there was fluctuation in cryptocurrencies. Luna coin, which was traded above $ 100 a week ago, fell below $ 1 today. Sales made to prevent the decline of stable coins also disrupted the supply-demand balance, and many cryptocurrencies fell.
Actually, it started with the attack on the Luna coin. As a result of unfounded purchases and spreading fear, Terra has begun to exit. As a result, the stable coin dropped. The administration, which wanted to keep the stable coin at 1 dollar, exchanged $ 750 million worth of Bitcoin. As the fear spread globally, large investors are withdrawing from Luna, and Luna, which is $120, suddenly drops below $1.
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