Traders Burnin' for Crypto Terra Luna Classic as New Supply Rule Sparks Hope | Crypto

Traders Burnin’ for Crypto Terra Luna Classic as New Supply Rule Sparks Hope

– In May, the Terra blockchain’s multibillion-dollar implosion led to the insolvency of multiple crypto lenders and investment firms.
– The network’s algorithmic stablecoin, terraUSD (formerly UST), lost its peg to the dollar, and sent LUNC (formerly LUNA), which was supposed to stabilize the stablecoin, into hyperinflation.
– The current supply of LUNC is nearly 7 trillion tokens, and even taking into account the new burn it won’t significantly change the coin’s fundamentals.

PPIZ5ULCDRBFLMVGNPFCJA4UOE Traders Burnin' for Crypto Terra Luna Classic as New Supply Rule Sparks Hope

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