Luna just became the new Shiba Inu

[ethereumhunter]

I don't know if Luna can repeat its ATH in increasing her price as high as yesterday because Luna lost the trust of investors and it seems they have forgotten about Luna and left her. But at its current price, Luna can become a meme coin and I'm afraid it will be a coin pump that is carried out by a group of groups. But if you believe Luna can increase the price back to $1, that would be a huge advantage to people who are still hopeful and have already bought Luna in bulk. If you don't have a problem waiting for the price to increase again, you can still hold onto Luna while waiting for the time to come.

[stadus]

Luna is dead or soon will die, but Shiba Inu is still here with almost $7 billion of marketcap.
Although this coin is just a hype coin for me, I wouldn't compare it to Luna because Luna is like a scam coin, it will not recover anymore.

Shiba is one of the coins that benefited during the bull run hype, now it's correcting as the market is bearish in general, but it's still surviving.

[onecall123]

I don't know if Luna can repeat its ATH in increasing her price as high as yesterday because Luna lost the trust of investors and it seems they have forgotten about Luna and left her. But at its current price, Luna can become a meme coin and I'm afraid it will be a coin pump that is carried out by a group of groups. But if you believe Luna can increase the price back to $1, that would be a huge advantage to people who are still hopeful and have already bought Luna in bulk. If you don't have a problem waiting for the price to increase again, you can still hold onto Luna while waiting for the time to come.

As of today, there are 6531.4B LUNA tokens in circulation. As a consequence, LUNA will never reach ATH again. It even has no chance of becoming $1. LUNA's market capitalization would reach $6.9 trillion if it were to go to $1 again. A marketcap of $690 Billion would be achieved even with a LUNA of $0.01. Luna will survive as long as the hype continues. Of course, Luna is an option if you have a lot of money and don't mind dealing with infinity. Don't be caught in the trap again.

[MinMan]

Well, good luck to you and to your 1 million tokens but what you did there was too risky. Haven't you heard that binance and a few exchanges are now delisting this coin? And by the time comes that others will follow, there will be no way for you to sell this coin even at a cheaper price.

Other than their price that is now close to each other, I also heard the supply of luna have gotten bigger but I think this wasn't enough to treat luna as a meme coin. Meme coins like shiba inu was already expected to go down low but no one expected that luna will end up this way. Shiba inu is only functional tho and have some chance to increase a little but luna is doomed.

[Silberman]

I know it sounds crazy but hear me out. Crypto is mostly about speculation, lets be honest. Of the 30 or so predictions I heard on YouTube and Twitter about "how high" could Bitcoin go in this bull run ( the 2021 / 2022 bull run ) only ONE got it right ( I won't tell you which one, but I'm sure many of you can guess who ) Most others were way, waaaaaaay off !
So regarding LUNA, and given its past history ( prior to the collapse ) and notoriety I think we're looking at the new Shiba Inu. Why so ? Well basically I don't see how the price can get much lower. One day ago in fact, the price was pretty close to the price of Shiba Inu. But forget the price. LUNA is now the most speculative play in crypto. Could it go to 10 cents ? how about a dollar ? Ten dollars ? Nobody knows. In the short term most likely will go to 0.0000010  but longer term anything could happen. And by the way, was there a single Influencer who saw this coming ? NOT ONE ! So if Shiba Inu made 100X or whatever, I think LUNA can match or even set a new record. It's no longer about the failure of UST or the lack of foresight of the founders, it's all about speculating that LUNA could one day become a good ( not great ) project again. Now let me go check my LUNA balance... Just bought 1 million tokens 

As crazy as it may sound Shiba Inu is better than Luna, I never thought it would come the day I would say Shiba Inu was better than another coin which should tell you how bad Luna is at the moment, if I am honest Luna seems to be on track to become the next bitconnect and it will eventually disappear, if you want to enter the speculation game then you are free to do so, just remember to use a very small amount of money so in the case you lose it this is not a big deal for you.

[Godday]

I see that the LUNA team is trying their best for the future of LUNA. And yes of course in the last few days I saw LUNA going to the moon but I think it will be very difficult for LUNA to break the barrier to $1 or $10 because we all know LUNA holders of course are waiting to take profit and I think it will cause quite a sell big .

[tbct_mt2]

I don't know if Luna can repeat its ATH in increasing her price as high as yesterday because Luna lost the trust of investors and it seems they have forgotten about Luna and left her.

If it touches it ATH, it will be a miracle come back. Even if it can achieve it, it takes many time, months or 2 years.

But at its current price, Luna can become a meme coin and I'm afraid it will be a coin pump that is carried out by a group of groups. But if you believe Luna can increase the price back to $1, that would be a huge advantage to people who are still hopeful and have already bought Luna in bulk. If you don't have a problem waiting for the price to increase again, you can still hold onto Luna while waiting for the time to come.

The big issue with $LUNA now is how it will survive first. It need to be supported by a sensible revival plan from Terra team. If they can not resolve it, can not burn token, it won't go to any far from today price.

Even more shit might happen because when people lose trust, they will panic sell.

[makishart]

This shit is dead and nothing left from this token instead of bunch of scalpers and speculators in the market. This is quite different from shiba inu which was increasing from nothing to sometime but this is coming from something to nothing. have you read the whole proposal? if you have been reading it before and i guess if you will never try to buy luna caused by you will never get new luna and your old luna will become worthless. The new proposal intend to create the new token which will be distributed to the holders holders of luna before chainhalt

[Wawa2013]

I see that the LUNA team is trying their best for the future of LUNA. And yes of course in the last few days I saw LUNA going to the moon but I think it will be very difficult for LUNA to break the barrier to $1 or $10 because we all know LUNA holders of course are waiting to take profit and I think it will cause quite a sell big .

It's true that the LUNA team will definitely give their best to save LUNA's future, but with a lot of losses by the LUNA holders I have a little doubt
that they can save LUNA. Because currently LUNA's reputation is very bad and it is threatened with delisting from several exchanges. But comparing
LUNA with Shiba Inu is a different matter, because Shiba Inu was created only as a copycat of Dogecoin. While LUNA was created with clear functions
and can provide solutions to problems in the crypto world, therefore the demand for LUNA was so high and made it into the top 10.

However, due to changes in the dynamics of the cryptocurrency market, LUNA experienced a drastic decline and a panic sell occurred. Need a miracle
to save LUNA in my opinion, therefore it is possible that LUNA holders have to accept the bad fact that they lost their money. This is the risk of investing
in crypto, because bad things can happen to the coins of our choice. Therefore the importance of diversification when investing, if we experience a loss
on one coin, we can still get profit from other coins.

[serjent05]

Luna has been considered dead and got delisted by some exchange such as Binance. However Cz resume the trading, most likely they are done keeping bags now and waitimg for a huge come back.

Luna has never been delisted by Binance, the trading was paused but it was resumed already there is a huge difference between delisted and paused.  How can Binance delist a token that has a $billion volume?

If it touches it ATH, it will be a miracle come back. Even if it can achieve it, it takes many time, months or 2 years.

Indeed, I am not seeing Luna recover its ATH soon, but if it recovers 5% to 10% of its ATH, there will be lots of instant millionaires who bought when its price crashes.

The big issue with $LUNA now is how it will survive first. It need to be supported by a sensible revival plan from Terra team. If they can not resolve it, can not burn token, it won't go to any far from today price.

Even more shit might happen because when people lose trust, they will panic sell.

I think the LUNA market had been somehow stabilized with its floor @ $0.002xx.  Many speculative investors are jumping in wishing that the price goes up at least 10 cents.  But the recent statement of the LUNA founder keeps the most of big investors at bay.  This is when Kwon Proposes 1 Billion Terra Tokens [1].  This statement may possibly mean that there will be lots of Luna's recent buyers to lose.


[1] https://watcher.guru/news/terra-founder-breaks-silence-reveals-how-the-network-could-be-revived

[Ararbermas]

No we cannot compare Luna on a Meme coin especially on Shiba inu because obviously there's a big difference, and indeed i never see Luna makes hypes in the market and collapsed afterwards like what alway happened to shiba and other Meme coin as its very known that they're for hype only.

I think we need to understand the situation of Luna and infact these happen for the first time on luna.. So stop comparing it to meme coin.

[m_nief]

No we cannot compare Luna on a Meme coin especially on Shiba inu because obviously there's a big difference, and indeed i never see Luna makes hypes in the market and collapsed afterwards like what alway happened to shiba and other Meme coin as its very known that they're for hype only.

I think we need to understand the situation of Luna and infact these happen for the first time on luna.. So stop comparing it to meme coin.

Looking with Luna coin value right now why not compare with meme coin, actually most worth and profitable meme coin than Shiba Inu because meme coin begin with lower values, but Luna reach 100$ and become top coins market but have drop until lower price and become shit or meme coin right now. But still have many exchange market keep believing for listing this coin although have made thousand investor losing much money. But many exchange market just removing pair withdrawing only but keep exist listed there, Binance still available with BUSD pair trade.

[BitcoinPanther]

Looking at the current Terra Luna News, it does not help with the current market at all.  The market reacts badly when Kwon give a details on how it will recover Terra Luna.  According to the news, Terral Luna is proposed to be forked leaving the old one as Terra Classic as $LUNC and the new Terra as $LUNA.  With this probably we can see another crash on the current Terra Market.

[Kasabus]

I know it sounds crazy but hear me out. Crypto is mostly about speculation, lets be honest.'
(...)

Exactly and people should not only focus on terms of the prices of cryptocurrency or they are just here because of money like an investment. They must first appreciate the real use of cryptocurrency, like how it works or the real use of it in our daily lives.

Speaking of Luna and UST, I was really surprised about it, I didn't expect it will go that low, -100%, gross. It seems it is impossible for Luna to reach it even $1, the supply is extremely high, as time goes by it will be abandoned or forked, depending on the decision of the team.

Even myself i was totally shocked seeing its current value in the market, because everyone thought that Luna will still be more valuable in the long run. But let's say Luna is an exception, and majority of the coins in the crypto market are only for temporary gains, and they will be left undervalued the rest of the days. Sad to say, but Luna end up just like Shiba Inu, and until now its still uncertain about its future value. Well, its really good to invest in coins with high utility case, but the problem with majority of the investors, they don't even know what coins are those, so they end up investing in shitcoins or meme coins.

[btc_angela]

[..snip..]

I don't know where you get this idea though, LUNA and SHIBA are different. Luna failed already that's why the price is so cheap right now. It's the failure of the people behind that really cause the down fall of this project. Do you think that investors are going to flock and buy it just because it is cheap? I doubt that they will make the same mistakes here. And I don't think that it will recover soon as well, the damage has been done.

[KennyR]

There is big difference between the two. Luna had a very big plan which failed on execution. Shiba is different, because it gained popularity out of influence. Further it got boosted through the development team. Shiba Inu success came out in an unplanned manner and the success is being taken forward. With Luna things were going good, but something at the middle have collapsed Luna along with the entire market. People find Shiba as an opportunity to profit, though it is a memecoin. With Luna considering its ATH people will risk a very minimal amount buying it.

[maartenhaha]

Shiba inu is scam itself, every bull market new scamcoins are created, scammers create them to steal money from sheeps and then when bear market comes they kill by dumping it to 0, luna was the first, then next bull market they create new ones, it has been like this since 2010. Only scammers win here, suckers that believe in these scams are the ones that suffer the most.

are you sure you said coin shiba scam i want to ask you is bitcoin a scam? at this time all coins price went down even bitcoin itself also went down, from which angle do you say shiba coin is a scam? please provide detailed sources.

[TopT3ns]

It's ironic to compare a coin that has different projects and concepts, LUNA could collapse instantly as it is today indeed because of developers who underestimated the warnings given by researchers in the cryptocurrency field, mistakes from developers who did not accept and tried to research the technology and security that owned by luna and eventually LUNA became what it is today, different when the developer received directions and tried to fix then LUNA would not die like this.

[killerfrost]

If I just look at its price and number of tokens in circulation and forget about the previous mistakes, I believe it is not an exaggeration to say that it is no different from the other memecoins in this space. But let's be more honest with ourselves about what we've seen with the way it behaves. It's a damn thing in this space and there are still a lot of people who believe in short-term developments in the last few days in recent days, after reaping the benefits of their one-sided dirty game.
I'm sure there will be hype again regarding the plan to restore Luna and get new people to think about their future, but we probably don't need to care about this anymore because, other than that, there are many more serious and reliable products in this space. I hope those who have seized the opportunity of the last few days have been able to hold onto some other good cryptos like BTC and ETH, so stay out of the crowd's navigation and panic to avoid these large pitfalls in the investment space.

[makishart]

Luna is a good example on why we should not trust new smart contract code even if audited. The algorithmic part was the problem here in my opinion and how it got exploited using a lot of money.

There's no problem with the smartcontract code but the mechanism of algorithmic stable was the main concern in this case. when UST gets burn and more Luna minted from the contract but the worst thing is when more and more USDT burned and the inflation rate to minting luna was so high and this is triggering people to convert their UST into the luna.

I remember at that time so many people are also burning their UST for luna. These people were dumping their luna from the contract to the market as the price is still so high.

When people burn UST and they will be getting $1 worth of luna. This is triggering the massive sell happening with luna.