Cryptocurrency market after the collapse of LUNA
"The story with LUNA continues.
Large projects do not die, but evolve
The first and most important realization of a large number of events after the LUNA story is projects with the disappearance of the ecosystem, even if the price of their activity is “zeroed out”. The LUNA ecosystem was the leader that was written for the smart contract project, second only to Ethereum. Read more about latest news of a world of crypto
The growth in the value of LUNA, which stopped at around $120 per coin, was replaced by a rapid fall after the UST decoupled from the dollar. As a result, today LUNA Classic is worth hundreds of times less than a cent, and the newly created asset LUNA 2.0 is trading around $1.8. Despite everything, the development of the program code of all existing projects of the network is of value and can be changed quite quickly and on a budget if necessary, to restart the platforms according to new formulas and further evolve the ecosystem.
The crypto sector takes into account not only the rules of the market, but also the rules of the community
The crypto space does not function solely according to the laws of the market. Users who bought millions and billions of LUNA at a meager price had to reckon with the opinion of the existing LUNA community, which wished to fork, creating a new LUNA 2.0 asset and turning the original LUNA asset into LUNC Luna Classic, thereby, as if “pinching off”, most of the value of the original network.
The newly minted “millionaires” of LUNA had a choice: either to sell the asset that had risen in price thousands of times immediately after the rebound from the bottom to the fork, or to store their coins to receive an airdrop of the coins of the new network, realizing that priority in such a distribution would still not be given to them. , but to users who owned LUNA before the start of the story with the collapse of the UST.
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