Will it go up? Will it go down? Will it be the solution to the problems of Terra? Even though it hasn’t even been a week since the release of the LUNA Terra 2.0, the activity in the main markets does not seem to favor the new cryptocurrency, which has lost almost 60% of its price from May 28th to today.
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- Earth LUNA 2.0 has been operating in the market an area or arena, online or offline, in which commercial dealings are conducted. for five days .
- It was launched at a price of USD $17.8 per unit and is now at around USD $7.14.
- LUNA lost 60% of its share price since the day of its launch.
- Mistrust still persists among former LUNC and USTC users.
For this June 2 we have that, the flagship cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. of the version of Earth 2.0, MOON, has now officially been operational for five days on the market, and while there are high expectations for the future of the project, what we have seen so far is that the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. has failed to rear its head and lost approximately 60% of its initial price.
LUNA de Earth 2.0 has lost 60% of its share price since its launch on the market
Officially launched last Saturday 28th May after a delay of 24 hours, finally the team of the Luna Foundation carried out the launch of Earth 2.0, a new version of the network a network refers to all nodes in the operation of a blockchain at any given moment in time. that was overwhelmingly approved by the community of token users. LUNC (formerly LUNA). This was accompanied by an Airdrop a marketing campaign that distributes a specific cryptocurrency or token to an audience. campaign through which the new tokens were distributed. MOON, which would in turn serve as the new governance in the world of cryptocurrencies, governance is defined as the people or organizations that have decision-making powers regarding the project. mechanism for this new governance mechanism. Blockchain.
Upon its arrival, large numbers of new users flocked to the major exchanges to sell their tokens. MOON, whose starting price was around USD $17.8. This value rose quickly due to the demand, but after reaching USD $19.54 it began to fall sharply in its price, which has led the currency currency is a medium of exchange that defines value. to reach and remain below USD $8, being last May 31 the last time it was above that figure.
Performance in the last 24 hours
Although seen in perspective, the results may not be very encouraging, in the last 24 hours the price of LUNA has partially recovered and rose more than 5.8% over the course of the last trading day.
According to data published in our section CryptoMarkets and in CoinMarketCap , at the time of editing each LUNA is trading at around USD $7.14, recovering slightly after yesterday’s decline amid the generalized fall that shook the market.
So what’s going on with LUNA?
The evolution in the quotation of LUNA and its trading volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. in the main partner markets are only a reflection of the problems it faces. Earth, which led to the downfall of its two main cryptocurrencies and led to the relaunch of the network in an attempt to set things right.
For many analysts and enthusiasts, the high volumes of trading seen with LUNA on the main exchanges reflect the attempts of those affected to recoup at least a portion of the losses capitalised after the fall of LUNC y USTC during the past month of May, currencies that practically lost 99% of their value amid the fear and uncertainty of their users.
Add to this the problems currently facing Do Kwon and his team mainly in South Korea, which are even being investigated by local authorities for alleged money laundering and market manipulation.
- Terra’s Do Kwon Now Accused of Alleged Laundering Through South Korean Shell Company
- South Korea will now investigate all Terraform employees for UST collapse
- South Korea launches Terra investigation, summons founder Do Kwon to appear in Assembly
For the time being, it looks like it will be difficult for Earth regain the trust a trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary. of your community and translate this into positive results for your token in major markets.
How is the crypto market this June 2?
Already leaving aside what happened with Earth 2.0 y MOON, below we briefly review the state of the crypto market for this June 2:
- Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. ( BTC ) maintains prices similar to yesterday’s and hovers around the USD $30,000 barrier.
- Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ) remains above USD $1,800 at the time of publishing.
- Major altcoins in the market with mixed reactions over the last 24 hours, fluctuations ranging from 4% losses to 2% gains gains refer to an increase in value or profit. throughout the day.
- Among the top winners Internet Computer (ICP ), token which is trading at about USD $9.15 per unit and posting gains of 19.59% in the last 24 hours….
The most important news of the day
Below, we share with readers some of the most read news in the last 24 hours:
- German central bank chief sees DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. as a casino to be regulated regulation is when something is controlled by a specific set of rules.
- Terra’s Do Kwon Now Accused of Alleged Laundering Through South Korean Shell Company
- US: White House prepares policies to combat environmental impact of Bitcoin mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created.
- Solana grid stops again and has about five hours without processing new blocks
- Attackers could exploit exploit in Word, Microsoft Office to gain access to computers, report reveals
To buy cryptocurrencies through DiarioBitcoin
We understand that this is a complex and especially sensitive time in the cryptocurrency market, but if you are one of the people who see opportunities with the current prices, we remind you that our section CryptoMarkets buttons are now available for you to buy your favorite digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies.
If you wish to purchase Bitcoin ( BTC ), prefer to buy Ethereum ( ETH ) or want to get someTether ( USDT ), all you have to do is access our website CryptoMarkets and click on the currency of interest. In addition to viewing its price, performance and other market data, you will also find a buy button that will take you to a exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. reputable in which to do business.
We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.
With information from CryptoMarkets DailyBitcoin y CoinMarketCap
Analysis sponsored by EurocoinPay
Imagen de Unsplash
