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It's only been a few days since Terra 2.0 launched, yet prices are struggling to rise back to their original levels. Many investors are skeptical about the new chain, especially when Do Kwon is facing scrutiny by the South Korean government. If the Terra team was unable to restore the original project (now Terra Classic) back to its former glory, what makes you think the new version will be a huge success? There are many other alternatives on the market which don't have a tainted reputation like Terra. If people were disappointed with what happened with the LUNA/UST collapse, then it's likely they will choose another alternative instead of going all in on the new chain.

What do you think? Will LUNA 2.0 be a complete failure or a huge success in the future? Your input will be greatly appreciated. Thank you very much. :)

Tera Luna unexpectedly crashed investors funds, despite the market volatility some weeks past, others coins and token did not create a noticable down fall just like Luna did. It was really a shock that Luna dropped from $100+ to $0.0001, I think I should call the situation unprofessionalism by team of the terra Luna.

Bitcoin, Ethereum, BNB and TRC did not fall to the bottom just like terra did. And now Terra has developed (launched) the terra 2.0, the team have shown their incapability and lack of professionalism that they couldn't restore the original project, their is no doubt they will not fail again in future when their is market volatility..

Thanks sir.

I think it cant never go back to the top like it was used too. Its not because it has no investors, but people's trust loses a lot on this project. I am just thinking that it was listed by some exchange due to their losses and care for the people who wishes to get back their money since when it fully declared end then theres no chance to get your money at all. Even CZ loss a lot here, so I am thinking they want to earned it back through trading or hoping for another big pump.

Basically luna already failed and it doesn't matter whether it was issuing the new token or not but this is a complete failed project. Thousands of people are loosing their money. Giving the hardfork coin as a way for people to recover some of their lose didn't meant if this wil; make people feel satisfied again in the long term. I just remind you what about those who have bought UST since the reward was not 1;1 with their UST.

People are loosing a lot of their money. They do know that if this is a bad project but yeah the hardfork coin has become a way to convince the investor in short term.

First of all, it's very unlikely that the 2.0 Luna will return to its old form. It will never happen IMHO. There's no way that they'll get back those billions because it's already spent somewhere by whoever benefited from it. And the Terra owner, Do Kwon, and his team cannot do anything with it. Instead of making some admission of their fault, they didn't do it yet formed a false hope to their investors instead of focusing on getting back the wealth that has been slashed to them. And even if they admit it, they'll never get it back and there's something they know that they don't want to tell to everybody.

I see that no investor actually buys Terra Luna version 2 for holding or long term investment. but I see those who buy are just looking for a momentary advantage like taking advantage of the hype for a moment. no one really believes for long term investment. everything is just in and out in short term trading investments. you can see at the beginning of the listing the direct price pump up to $ 30 and then dump to $ 5 . but after binance started listing the price started to slowly rise again. but still, from the chart itself, we can see that everything is just waiting for the moment to buy and the moment to quickly sell when you make a profit.
but can not say will fail. because the trading volume is still quite good. but everyone is just afraid of being disappointed again.

However, if you have experienced failure, you will not find maximum confidence again like the initial project.

That's too naive to think that if this project has not yet become a failed project. As far as i know if so many people are against the proposal but do kwon was still executing what he was thinkin if that was true. This project didn't even hear the community's response. The founder keep creating the new token to avoid his fault. Creating the token was free but he has been making billions of money gone for nothing. This project was so garbage as fuck.
There's no hope for the new version of terra luna. This will be dumped so hard in the future.

Yes, I think LUNA 2.0 will be difficult to grow again like Terra Luna before, because investors and crypto users have lost confidence in Luna, I assume that LUNA 2.0 will fail miserably to develop in the future because there are many things that must be done by the team, especially re-establishing the trust of crypto users who have suffered heavy losses some time ago, I think that currently crypto users are very selective in choosing projects or tokens to invest in so as not to experience something like what happened with terra luna.

While I agree on the general sentiment of all the crypto user especially those whose affected on the catastrophic loss of Luna failure. I still believe that hype and blind followers will still trust this project since it already prove themselves before the failure occur. There path is same with Ethereum which fork Ethereum and leave Ethereum Classic after the attack on there smart contract last 2016 which result to huge funds loss. The price of the Ethereum that time went down to the bottom and stay there for a long time. Vitalik just slowly build it again and gain trust of the investors to buy back again. There's a chance that this instance will be the same to Luna 2.0 since there's still huge volume on the exchange right now for this token. But let's see if the hype will sustain for more than a month.

Depend on the situation if Devs and their whales will keep supporting the project then maybe we can see them succeed back in future, but if their whales already done with them and the one who's reviving the project are the small investors well we can say that they might fail in future. For now they will struggle since the issue hit them very hard but once the issue fades and the confidence of the people cameback again maybe we can see them get a good revival in future.

If we look back at what has happened with Luna Classic, I think 70% of Luna 2.0 projects will fail.  A lot of people have been skeptical because of what has happened to LUNA Classic which I think it will take more into consideration than investors considering this is a project with most of the team being the same people as the Luna Classic project.

Please do not waste your money on Luna2. Do Kwon has been proven to be a scammer. Do some research before you invest, please. You are better off investing in a different L1 with real world usecases, like FTM, MATIC, or CNDL.

Before answering this question, I am talking about an incident that happened yesterday, this same question was asked to me by a friend of mine yesterday.  I first asked him, "Will you buy Luna and will you not be afraid?"  He replied, "No, I will not buy Luna and there must be fear."
Now let me speak from my opinion, as above my friend is refraining from buying Luna out of fear.  So I think a lot of people who have invested in Luna will refrain from investing in it.  As a result, Luna will never be able to achieve the same position as before.

Many traders don't want to take risks to invest in red flag coins, now many other top altcoins are more confident for long term investments, many rumors about the new Luna will not have any impact to restore the price but it is a bad possibility that the new Luna will also be lower than Luna classic.

Looking at the state of the Luna 2.0 market, I can say that it has completely failed. By investing in it long term you will fall into more losses.Those who have invested in Luna coins for a long time and who have lost by investing will never recover. There will be no investors to invest in and it will probably never pump up again.So I say don't make any long term investment with these Luna coins.

Yes it will be a disaster, sometimes something just needs to be allowed to fail. It’s a sitting duck with no future, it will trend towards $0 without a single doubt.

It is the total token supply that will help Terra (LUNA) to at least recover its ATH.  Terra(LUNC) is already done.. I think.



I agree, better to look for a new project that has better decision making than the Luna dev team.


I think it will recover, but success?  With the way the people behind the project decide, I do think that it is not impossible but it will take time.

Trust has been lost.

No matter what they did, IMO the price are not gonna back up again and gonna down maybe under 1$. Everyone love old luna because how the system LUNA <> UST while they can arbitrage profit and the staking reward.

Now, the trust is lost so better stay away.

We don't need to think about things that are not important, now Luna has lost the trust of investors, the opening price of new luna is not as expected even though the ratio obtained by luna post attack holders is very low, so leave luna and review the top altcoins when the market is bearish.

when the trust is lost then there is no hope for Luna to increase, now the price is increasing due to the announcement of binance again supporting the luna v2 program but after that time has passed, then the prediction of the new luna price will decrease to $1, so hopefully no losses from trading the new luna coin.

My personal opinion, only 30% of this Terra (LUNA) V2 project will be successful in the future. since they currently only rank #2808 in CMC, this indicates that not many people are enthusiastic about the new coin that the Terra team is making. People have lost faith in the Terra project and they are also afraid that the chaos in Terra V1 will happen again in Terra V2. Slowly, people will leave or even forget about Terra.

I’m slowly thinking the same way since LUNA lose the trust of many investors and there’s a big effect of that. This may continue to pump and dump but in the long run, you can know where LUNA is heading which is on the bottom price. If some projects will still use LUNA network, then that could change everything.

Technically Luna will not survive in the long term because of anything. What you need to understand is that people with millions of dollars will not invest into Luna, there could be a few maybe, but millions of dollars is nothing in the crypto world, and will be going to zero in a single hour if people start selling. They will "try" but it will not survive. Of course you are free to think however you want and if you think that it will do well then kudos to you and I hope it does.

But, I believe that it will not be doing any good and it will only lose money and people will be very upset about it as well. That is all I believe Luna is capable of from now on.

LOL LUNA Shit V2 going to 0.00001$ just like LUNA 1 no one will trust this shit again  ;D

I think there is no need to ask if Luna 2.0 is a complete failure in the future since it is already a complete failure.  Forking an altcoin does not mean that it will be successful, unlike its predecessor.  As long as the project developer is the same, Luna 2.0 will suffer the same fate as LUNC.


What??  Can a project be taken into fraction or percentage?  I don't think so, it is either Luna will be successful or not, and I am confused why only 30% of LUNA will be successful when a company or project is always taken as a whole number.


I agree, after this big scam move of Luna, I believe lots of its investors are already shaken and looking for another valuable project to invest in.

Luna 2.0 = Bitconnet 2.0
Luna has lost all trust. Many people around the world committed suicide because of the Luna collapse. It doesn't make much sense to trust luna again in the long run.

In the field of crypto, we are used to not being surprised by anything.

In theory, the project is finished and no longer has any added value that it can offer to the market community. But this does not mean that it cannot be exploited, even on short periods, to achieve profits in the medium term to the maximum extent, which is what whales do.

For example, I remember everyone's position on the Dodge coin that it is a project without a support team, and that the size of its mass is constantly inflated to infinity, meaning that it has no future from a counterpart point of view. Of course, we all remember what Elon Musk did through his tweets. This is in addition to its steadfastness for a very long time, as it is older than the entire Ethereum network.

Everything is expected.

it will be a complete failure. Usually such projects have one chance to win people's trust and once they fail. That is game over for them. People lots a lot of money while staking the UST unstable coin and all Do Kwon did to thank them for believing earlier in the project and even holding the coins during the hard times were rewarded with bread crumbs from an airdrop. What a shame

I'll tell you in few years  ::)

Well, I guess it is time to move on and forget about Luna - they are done already.
Binance had already announced their huge losses from them, many investors had suffered the same thing, I really don't think we can still be hopeful with this project anymore even if they promised to reborn and improve their project.

As it was been said, they have already ruined their reputation and only those who never knew their background will invest.

I think so too, and thanks for the information.

The different thing is if luna has fork token while bitcoin has no fork token but both were using different trick to scamming the investors.


Only gamblers are still remain in the luna market. I don't know what those gamblers are thinking about this shit. They keep talking over and over again about the possibility for luna to go to the moon which is a non sense thing. I just wanna know whether they wanna try to sell their house to buy more luna or not.

It's a failed project. The only purpose for the original was to promote the concept of algorithmic stable coins. That failed in absolutely spectacular fashion. It's a bit of a miracle the new LUNA isn't also trading at $0. It brings nothing to the table right now. I'm sure the original LUNA and UST holders are happy there is a new generation of idiots who may bail them out of a truly horrible investment.

Who will not be disappointed down 72% since 9 days ago, the new Luna is highly speculative and very risky, investors are having a second thoughts and they are following every news that is coming up, it depends on the news now and how the new mechanism is accepted by the majority of the holders, its a domino effect small investors will follow the reaction of the whales on the news.
So we'll see in the coming months if Luna can still go back, and we can move out from this project and forget Do kwon.

I never invested in Luna (I put my money in ICP instead) but I do see a future for algorithmic stablecoins (until stablecoins are regulated that is). The problem was that the funds that were supposed to backstop UST were stolen and insiders were allowed to trade their UST for real dollars before the collapse. Luna 1 and 2 are scams, so watch out.

In my honest opinion even if the project is good and they say that "it will not going to happen again" many investors already lose their capitals and money and I don't think they will going to gamble again with the LUNA, just like what you have said there is a lot of other projects that can be an alternative for investment and I don't think many people and investors will go with the new LUNA 2.0 I am saying this as a perspective of a cryto investor.

The Terra team failed to listen to the community, so I doubt the project will become a huge success anytime soon. Investors are also frustrated because they lost a lot of money during the crash. Even though the new coin is trading at a higher price than the "classic version", it's still below the latest All-time-high of $120 per coin. The current bear market will make it difficult for the new coin (Terra 2.0) to rise in price at a fast pace. There are far better options with a proven track record of development and innovation. I'd advise anyone to steer clear from this project, just to avoid any undesired loses in the short term. Just my thoughts ;D

Let say only about Terra 2.0, its success or failure should be differentiated with success or failure of Terra 1.0 and price of old LUNA.

Important for everyone, a success or failure project will have winners and losers in their games. All games from all projects are zero sum money games. Losers will blame their failures and loses as failures and loses of projects they invest in. In fact, it is only one part and there are more parts, investors themselves, general market too.

I disappointed with how Terra and Do Kwon handled tbe crisis and their proposal to compensate invetors with Luna 2.0 airdrop. It is not fair for many investors and can not cover their loses.

This tells us that most altcoins are simply not worth the investment. There's a reason many of them are called "shitcoins". Bitcoin is and will always be the best cryptocurrency in the world because of its commitment with decentralization and censorship-resistance. The day altcoins focus on the decentralization, will be the day we can say Bitcoin has real competition. But I don't think that will ever happen, as developers are too greedy these days. Convenience goes on top of security/reliability/decentralization.

With what happened with the old Terra chain, I don't think investors will be inclined to put their money in the new version. There are far better projects with a wider ecosystem of dApps and tokens surrounding them. Who knows if Terra becomes history as another cryptocurrency takes its place in the not-so-distant future? Just my opinion :)

The same thing is also happening with the luna 2 https://coinmarketcap.com/currencies/terra-luna-v2/

LUNC already death and there's no reason to hodl this scam coin anymore along with the new lune that is almost die as well. I don't even know why people are still buying this shit these days even during the bearish market.

This coin is just a disaster and CEO has found to be a criminal. I hope that founder will be responsible for what he has done by stealing bunch of money.

isn't that obvius

i don't even thing the new version will be huge success, there are too many investor lost his money in luna

people just love gambing in shit coin lmao ;D, they are too greedy, i guess they just wana buy in low price and leave before colapse

Because they think its price has dropped a lot and they think it will come back to life and rise again then they will make big profit from it. But in the end things did not go as they thought, once again Luna took all that was left of the greedy people. We should forget about Luna and stay away from it as far as possible, don't expect it to come back. Dokwon will soon be arrested for his cheating behavior.

The founder has no plans to recover the losses of investors and he has cashed out his profits and it was just another scheme to scam the people.I don't understand how people can trust these stablecoins as they have witnessed how LUNA crashed the whole market taking out billions out of the market.The same was happening with Luna 2.0 and don't expect anything else from it and have not invested in it before also.

As far as I can see, luna 2.0 has not found a new point of trust, people have lost faith in luna, so it is difficult for them to develop in the future, I'm not saying that luna will fail miserably, but regarding development it is very difficult for them to achieve, because the previous luna has hit there are so many investors, let alone many other alternatives that can be utilized by people here, then it is certain that people will never want to be trapped a second time

Yes it will. No doubts.

It already is happening. LUNA which is their new coin has plummeted already. They've failed once already and I think that it is enough for the investors to be skeptical with this project. Their failure will be remembered by many investors. Do Kwon's arrogance will be remembered.

Long term? I see the project as a failure like what they did in the first one. Once trust has been broken, it will almost impossible to regain it so long term, I don't see LUNA to be successful. Well, there are still some traders who can took opportunities and trade this coin to gain some short term profits but I'd rather buy other altcoins than LUNA for long term.

LUNA may turn out to be just another "shitcoin" like the rest of the other cryptocurrencies on the market. There's really no substance to it after what happened with the UST crash. Bitcoin is what it's all about, as it enables truly cross-border payments and security/reliability not found anywhere else. There's a reason why it's still the #1 cryptocurrency in the world. The crypto market needs some cleansing as there are too many projects which serve exactly the same purpose as others. Who knows if LUNA 2.0 disappears until it becomes history? Just my opinion :)