Cryptocurrency Luna Crash: Investors shocked by Luna's sinking, will it be able to rise again after delisting?

Posted on 17th May 2022 03:56 pm by rohit kumar

The cryptocurrency market is very erratic, here the investor reaches the sky in a moment and falls on the ground in another moment. Looking at the situation prevailing in the digital currency market in the past, the negative sentiment among the investors has gone home. This is the reason why most of the currencies from bitcoin-Ethereum have collapsed. During this, the biggest setback has been felt by the investors of Terra and its sister currency Luna. Both of them fell so much that the exchanges delisted them.


So much loss to investors in one stroke


First of all, let us tell you that where the investors were defrauded by the deteriorating condition of Terra while taking it step by step, Luna broke down so much that it completely shook its investors. Cryptocurrency Luna is almost 100% broken, according to the report, its price has fallen from Rs 9000 to 50 paise. Investors lost $ 40 billion due to its fall on Saturday.



The dangers of the crypto market exposed


This massive drop in Luna confirms that there is volatility in the cryptocurrency market that could pose a major threat to investors. Due to the declining trend of cryptocurrencies for some time, not only Terra or Luna but also others including the world's most popular bitcoin are in bad shape. Bitcoin has broken more than 50 percent from its highs. At this time, the effect of selling in the crypto market is also clearly visible in the form of a fall.


Exchanges have delisted


Due to the biggest drop, exchanges have delisted both Luna and Terra from their platforms. Crypto exchanges remove it from their platform when the price of cryptocurrency drops drastically. This is done so that new investors cannot buy that crypto. Since the price of Luna has fallen drastically, new investors may buy it in the hope that its value may rise again. However, even if crypto is delisted on some exchange, investors can still transfer them to the exchange where they are still listed.


Why are cryptocurrencies falling continuously?


Stablecoins are the main reason behind the massive decline in the cryptocurrency market. In fact, at this time there is instability in Stablecoin, which has had the worst effect on Terra and Luna Coin. The price of Luna has dropped by 100%. Satwik Vishwanath, CEO, and co-founder of crypto exchange Unocon said that at this time there is a huge decline in equity and commodity markets around the world, which is also affecting the crypto market.


Experts said - lessons will have to be taken from the fall


Experts are comparing this decline to the big financial crisis of 2008. It is also prompting us to demand stricter laws governing financial assets, he says. Several financial experts, including Muthoot Microfin CEO Sadaf Saeed, said the Luna crash should be taken as a lesson. Especially, in developing countries were investing in cryptocurrencies has recently become a craze for the rich. However, questions have also been raised about the revival of the decline in Luna. However, if we look at the unregulated market of crypto, then no one can say when which cryptocurrency becomes a profitable deal here.


Also Read: Cryptocurrency News: Investors' confidence in the crypto business has been shaken by the loss of billions

1 Like 0 Dislike
Previous news Next news
Other news

PSEB 10th Maths Exam Cancelled: Punjab Board 10th Maths exam canceled in case of cheating, will be investigated

The Punjab Board of School Education (PSEB) has canceled the Class 10 Maths exam following report

The report claims India is at the forefront of trust in domestic companies; Geopolitics has become important for trust in business

India leads in terms of trust in domestic companies with 89 percent. Indian companies have emerge

Nupur Sharma Controversy: Action of Delhi Police on Nupur Sharma and Naveen Jindal for making provocative statements, FIR against 9 people including Maulana Mufti

Nupur Sharma Controversy. Former BJP leaders Nupur Sharma and Naveen Jindal are now seen to be tr

Yuzvendra Chahal's performance in IPL 2022, equaled Harbhajan Singh in this matter

In the 15th season of the Indian Premier League, spinner Yuzvendra Chahal, who played for the tea

Tamannaah Bhatia breaks silence on Bollywood Vs South debate, says - we have seen it from a different point of view ourselves

Since the success of South films, it is being compared to Bollywood and there was a debate on it.

UP Budget 2022: What did the common people get this time in Yogi's budget, from gas cylinders to these big announcements

Uttar Pradesh Government 2.0 presented its first budget today. Finance Minister Suresh Khanna pre

Elon Musk Offer: Elon Musk posted a job advertisement on Twitter, and users gave shocking reactions

Tesla and SpaceX owner Elon Musk, the world's richest man, has been in the headlines almost ever

UP Board: The negligence of the principals will be heavy on the initiative to bring the results to the examinees.

The negligence of the principals will be heavy on the initiative of the UP Board to deliver the r

Akash Chopra, upset with the captaincy of Kane Williamson, said about Washington Sundar - it felt like putting the goat in front of the butcher

In the Indian Premier League 2022, Kolkata Knight Riders registered a spectacular victory by 54 r

Corona Updates: 4.3% reduction in new covid cases in the country; 2,706 people positive, 25 dead in last 24 hours

In the last 24 hours, 2,706 new cases of corona have been reported in the country, while 25 peopl

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS

Play Free Quiz and Win Cash