Will Terra (LUNA) recover some time in the future?

[funteki]

Terra (LUNA)'s been going downhill at a very fast pace ever since UST lost its peg a few days ago. It went from its ATH of $120 to just $0 in a few days. Right now, the cryptocurrency is struggling to reach $0.01 as investors continue to sell it like crazy. Supply is increasing at a very fast pace, as the team tries every effort possible to help restore UST's peg. Given how low Terra has fallen, I wonder if investors will gain back confidence in the project sometime in the future? Crypto is highly risky so either LUNA dies or rises from the ground up.

What do you think? Are there hopes for LUNA to recover some time in the future? If not, why? Is it a great idea to buy the dip now? Your input will be greatly appreciated. Thanks in advance.

I would like to believe that he will recover because I got some luna but as I think it have no chance

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[Fundamentals Of]

It's not the end of the world... Luna and UST investors can still claim their $CNDL bounties.

It doesn't mean anything. Terra (LUNA) even UST has lost so much of their value. Imagine LUNA hitting more than $100 only to fall hard down to even less than 0.001 cent. Even if the investors bought LUNA at $50, their loss is already beyond repair. No amount of shitcoins and worthless bounties will make up for it. This should not be offered as if this will somehow ease their pain and despair, because it will not. Terra should think of something else.  

So true, at this point the price is already very low if not lowest. The coin hits rock bottom. I don't even know whether there's a future in Luna and ust. But seems like there's a lot going on on Luna's community. Will it recover in the future? The question is how long. It's gonna take a very long time, unless a miracle happens and boom it just go to the moon, but it's going to take a lot of money pouring into them to bring them back up once again.

There must be a lot going on considering how worse its current situation is. There should be a lot of discussions because the situation is both terrible and urgent.

It is going to be very hard for Terra (LUNA) to recover. I agree that it takes more than a miracle for it to get back to its old state, and another miracle for its investors to trust the project again. But every day that Terra (LUNA) is still alive is a chance for recovery.

[yhiaali3]

I agree with the majority of the members here. It is difficult for Luna to recover as it was before the collapse. Unfortunately, Luna lost the trust of the community and turned into a coin for quick speculation and not for long investment. The currency team put a very promising plan to restore Luna’s position, but there seems to be a difference of opinion as well. It is difficult to regain the confidence of the entire community after what happened, but in any case, I hope that the rescue plan will succeed and the Luna coin will regain its position again because this will have a great positive impact on the crypto community.

[Sooyaa]

Recover impossible because of Supply. I think Luna turn into a Memecoin like Shiba.

[dwminer1]

Terra 2.0 is coming. With overwhelming support, the Terra ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain and the preservation of our community. Source: https://twitter.com/terra_money/status/1529451631263174656

[tbct_mt2]

It is difficult for Luna to recover as it was before the collapse. Unfortunately, Luna lost the trust of the community and turned into a coin for quick speculation and not for long investment. The currency team put a very promising plan to restore Luna’s position, but there seems to be a difference of opinion as well. It is difficult to regain the confidence of the entire community after what happened, but in any case, I hope that the rescue plan will succeed and the Luna coin will regain its position again because this will have a great positive impact on the crypto community.

It is a money game and we are not the game and market makers so we don't know what will happen. The collapse of LUNA is massive and very terrible, unprecedented but let's see how this game will end in future. At least LUNA and Terra will not die. The vote for rebirth of Terra was passed and Terra 2.0 will be launched in 2 days.

The current token LUNA still have unclear future. It depends on community, exchanges and capital ventures, not Terra team. It is disappointed to see Do Kwon and Terra want to abandon it as soon as possible and leave it to community.

Recover impossible because of Supply. I think Luna turn into a Memecoin like Shiba.

Yes, if there is no burn of the token to reduce its total supply, it will be a Memecoin like Shiba Inu.

There are efforts from MEXC exchange to ask for community vote. If the vote is yes, they will use their trading fee from LUNA trading pairs in order to buy back and burn LUNA. If other exchanges can do the same, it would be massive.

[tvplus006]

I would like to believe that he will recover because I got some luna but as I think it have no chance

A lot of traders bought Luna when its price was very low and now they have millions of coins that were purchased for $20. And now the natural desire of such holders is for the coin to return to the previous price and they get a profit of hundreds of thousands, or maybe even millions of dollars. But these are just dreams)

[tbct_mt2]

A lot of traders bought Luna when its price was very low and now they have millions of coins that were purchased for $20. And now the natural desire of such holders is for the coin to return to the previous price and they get a profit of hundreds of thousands, or maybe even millions of dollars. But these are just dreams)

The proposal sucks because they only have one snapshot for pre-attack, another snapshot for post-attack. There are lot of division and loses for their investors in between pre and post attacks.

There is a simulator for airdrop estimation and if you look at it, the airdropped is terrible. Not yet including vesting and cliff time.

https://terrarity.io/luna-airdrop

[Abiky]

Luna is done. nothing happened with this token other than going even deeper from time to the another time. We have seen so many people have been loosing a lot of their money. UST holders are scammed. They are buying the stable coin with $1 for each and mostly of ust holders are loosing more than 94% their investment. This blockchain is done. Migrating into the new token will be only make the dead become even longer but the result will always be the same.

There's no possibility for terra luna to revive again. If do can have tens billions of money to repeg UST and this time luna may go up again.

If LUNA's reputation went all the way to the ground, then the best solution would be to do a re-branding of the project. Only then, investors' confidence will be restored giving us hopes to see a recovery in the future. A new chain dubbed "Terra 2.0" might not be enough to help restore LUNA's price close to its All-time-high. Times keeps going by, but we haven't seen any progress on the recovery plan whatsoever. Everything's been about talks and proposals, instead of concrete results. Prices for the original LUNA cryptocurrency are still less than a cent, so investing on the coin now would be nothing more than a gamble.

If all else fails, LUNA might become the next "meme coin" that will join the ranks of Dogecoin, Shiba Inu, among others. I hope such disaster won't happen again or crypto will be done for good. Just my opinion

[rahmad2nd]

I would like to believe that he will recover because I got some luna but as I think it have no chance

A lot of traders bought Luna when its price was very low and now they have millions of coins that were purchased for $20. And now the natural desire of such holders is for the coin to return to the previous price and they get a profit of hundreds of thousands, or maybe even millions of dollars. But these are just dreams)

Many trader invested on Luna coin trough price really drop and I don't expected become long term holder and waiting Luna coin back to higher price or back above $70. Before going up until $70 and Luna coin reach only $0.01 they will sell all Luna coin holder, impossible with Luna coin back to higher price again and have thousand reason and drama from Do Know for the future, what ever with new Luna version update I don't care and not really interested to buy back Luna coin and hope can reach higher price at the future. I think not matter with how many years hold Luna coin because have been die and not profitable coin for investing.

[Oasisman]

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I would like to believe that he will recover because I got some luna but as I think it have no chance

Little to no chance, only miracle could revive Luna back, the only thing that's holding on to where Luna has been priced right now is only those people who believed Luna will bounce back to $1 so they could Lambo all the way when it happens. However, with 6.5 Trillion supply that's close to impossible for a comeback even with $0.50.

[tvplus006]

...I don't care and not really interested to buy back Luna coin and hope can reach higher price at the future...

The price of an existing Luna coin can only increase if the Circulating Supply decreases. This can be implemented by forking or buying coins from the market and further burning. It looks like the team decided to implement the first scenario, time will tell how successful it will be.

[waybesuricata]

I don't think the Terra (LUNA) project will recover in the future. They have a plan for Luna 2.0 right now, as you know, but I don't think it will work. Many people suffered serious damage and the Luna team managed this process very badly.

[erep]

Little to no chance, only miracle could revive Luna back, the only thing that's holding on to where Luna has been priced right now is only those people who believed Luna will bounce back to $1 so they could Lambo all the way when it happens. However, with 6.5 Trillion supply that's close to impossible for a comeback even with $0.50.

Many people realize that supply has increased by 6.5 Trillion so it is very doubtful that an increase of $ 1 even $ 0.1 is impossible, but maybe in Luna v2 it will touch $ 1 because of lower supply and distribution of vesting for pre and pre attack Luna holders.

[BlackBaron]

The price of an existing Luna coin can only increase if the Circulating Supply decreases. This can be implemented by forking or buying coins from the market and further burning. It looks like the team decided to implement the first scenario, time will tell how successful it will be.

The supply will not decrease because the team is not optimistic about burning tokens based on requests from the community, the team only provides the burning address but the team itself does not send Luna to that address not even suggest for users to burn their tokens, I don't know what the team plans for the best decision for communities other than the Luna token version 2.

[fullhdpixel]

In the end Luna will have the same fate as shitcoin and it is likely that investors will leave the coin when they have thrown everything away even though they have to accept losses and they certainly realize that there is no point in sticking with Luna because usually when the coin has experienced a 99.9% decline in the market it will be very difficult for the coin to recover and there is even a possibility that the project will die slowly.

Investors already left the project, the few that has any money in it, do not have much and it all worths nearly nothing. SO there is nothing wrong with considering them as a gone project that will not make any money at all. I personally feel like there could have been some things done for this project, but it wasn't done and the team just screwed it up, I do not see it going any other way.

I get that it is not going to be easy for people to recover from such losses and because of that the crypto market will stay low, but that happens in crypto all the time nad we just need to give it some time for enough money to go back into crypto to go back to where we were.

[Jose Mourinho]

I think with what happened recently to terra luna, it's very unlikely that terra luna will recover and will increase again, considering that LUNA price has dropped almost 100% and most promising platforms like binance have removed LUNA from their list, and recently I also saw that the Tokocrypto-class market also removed LUNA from their list, thus making LUNA even more lost from crypto, I don't think that Luna will recover even for a moment,

[manok jepang]

I don't think terra luna will grow again in the future because the development team of this project has left the project, and we need to know together that if binance has removed the LUNA token from their list, of course this is a big blow to LUNA, although previously this was very rare in the binance, I think as time goes by LUNA will disappear from crypto.

[NicNacCoin]

I don't think Luna can stand up.The team has given up hope. And all the investors have moved away from here. They had invested and lost money and dropped out of Luna.However, they are thinking a lot to recover but it does not seem to be a recovery.They are bringing big news with plans to recover Luna. But I don't think it will ever recover.

[ultrloa]

I don't think terra luna will grow again in the future because the development team of this project has left the project, and we need to know together that if binance has removed the LUNA token from their list, of course this is a big blow to LUNA, although previously this was very rare in the binance, I think as time goes by LUNA will disappear from crypto.

Luna is been establish coin in crypto market if they create another coin which is their plan for recovery and their whales will support their plans then for sure their recovery mode will happen but expect that it will take time for them to do is knowing how big the issue happen to them. Maybe for now they are picking up their selves and planning things out so that there will be no huge problem will occur on their future plans.