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jy-

If Luna goes to under a cent, arbitrage would essentially

be worthless? No.

#anchor #cryptocurrency #english
0

5 ответов

24 просмотра
MrRedWhale-

I personally feel that the issue is not with the price of LUNA (you can use SHIBA $0.000000XX to create a stable peg algo coin also). It lies with demand and utility. That is why I feel it boils down to what you feel about the project on Terra and the terra ecosystem in general. I like them and I feel they are really great projects compared to other chain. So I believe in the recovery. And as I said earlier, it is the people. Honestly, if we all held, today wont happen. Even if we are talking about ETH, if everyone were to swap them, it will be very bad too. The only thing about LUNA UST is that because of the mechanism, many users exit their LUNA position early (foreseeing the diluation), creating more downward spiral and more FUD and one lead to another.

0
12.05.2022
Mickey-the Stablecoin Guy waiting for 200wma
MrRedWhale
I personally feel that the issue is not with the p...

Even Do Kwon announces on twitter they will change the algo to a more backed (fiat/USDc etc) version... So all trust in UST is gone...

0
12.05.2022
MrRedWhale-
Mickey the Stablecoin Guy waiting for 200wma
Even Do Kwon announces on twitter they will change...

It is actually really good if they change the mechanism in the short run. It creates alot more confidence if they backed it with USDC. If I am not wrong, DAI unpegged in 2020 and they changed and bought USDC to back the DAI token. That helped with consumer confidence.

0
12.05.2022
MM-

Dumbass thought he was better thn everyone.. got screwed hard in the end within 3 days...crashed at the start of the real bear market..only the toughest alt will survive now

0
12.05.2022

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