luna

‘No future:’ Analysts weigh in on new Luna token’s prospects

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‘No future:’ Analysts weigh in on new Luna token’s prospects

Since the backers of the failed Terra blockchain launched a new digital token to compensate investors burned by one of crypto’s biggest busts, the blows have kept coming. Luna 2.0, as the coin is known, emerged out of the ashes of crypto entrepreneur Do Kwon’s ecosystem, which collapsed after the TerraUSD algorithmic stablecoin at the … Read more

Crypto month at a glance: Terra’s black swan event ruled the market

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Crypto month at a glance: Terra’s black swan event ruled the market

The month of May would be considered as the highlight in the crypto industry as Luna, a top 10 coin crashed to nothing. Other altcoins continued to feel the pain. Luna was a layer-1 platform that focused on DeFi (Decentralised Finance) protocols with its algorithmic stablecoin UST. Stablecoins are cash equivalent in the crypto space … Read more