The Terra Luna or LUNA token has various functions in the Terra blockchain network,
Including token governance, staking, DApps transaction currency, to various Stablecoin assets.
A few moment ago, this coin become one of the famous currency among the investor
Unfortunately, the reason of that moment is not because of the good profit, but because of it drops to the lowest line in a day.
Luna drops almost 100% in a day.
So many investors stressed out seeing the line of LUNA token.
The crisis that occurred in Terra LUNA and Terra USD also dragged the price of crypto money down.
Some even call it a ponzi scheme similar to the collapse of Lehman Brothers in the 2008 financial crisis.
Whereas, Terra LUNA and TerraUSD themselves are part of the Stablecoin development project and carried out by Terraform Labs.
We know that its should safe place for the token
Stablecoins are claimed to be a relatively safe store of value in a highly volatile crypto market.
But surely, there are some unpredictable things that happened sometimes
A lot of investors can’t accept this situation.
Some of them decided to no longer put their hope here.
No one knows when will this condition gets better.
The COO of Tokocrypto and chairman of the Indonesian Crypto Asset Traders Association (Aspakrindo) Teguh Kurniawan Harmanda said that,
The crypto asset industry is in a new and innovative market.
The cycle of ups and downs that occur is normal, he said.
He also added that the crypto market conditions are the same as the depressed capital market situation.
“The crypto market will definitely rebound. However, it is difficult to predict market conditions when it is in a bear market condition. Currently seeing a broad sell-off in the market, it seems unavoidable, but this is not the time to panic,“
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