When Will Terra Decline End?
For a second day in a row Terra's UST is de-pegged while Luna is free falling another 50% from yesterday's close as it is fighting for dear life to hold in range of $14 - $17.
I have been following Terra for over half a year and vested a lot into the protocol. I have accumulated significant losses and baring no further drop I still have a fraction of what I started invested in Luna.
Do Kwon creator of Terra may have met his match as of now and things are heating up.
There is pain across the board when it came to this recent decline.
But just recently Do Kwon reports again:
It sort of pump prices up as Luna is ramping to $17 after Do's twit. Yet is it enough or this is closer to the end of Luna and UST?
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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It is difficult for a stable coin to decline. As it's supposed to be pegged. Prior to this it was doing really well. I don't really know that much about Terra !
They can't all be winners which is why being diversified is never a bad idea.