I wouldn't be so sure about that... Do you know how much the SPT coin was worth before the STEEM crash? 100,000 coins cost about $1. There are other coins that were played with a funeral march, but they came to life.
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So Look, SPT is a Layer2 Token without a stablecoin and Luna is a layer1 Coin that has a stablecoin. Those are not even in the same zoo anymore. One is a Giraffe and the other one a Lego Cat.
So you answered your own question lol. who is more likely to stand on their feet in the event of a loss of some trust?
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I don't really understand the question. But right now, Luna just dropped another 3x since we wrote. The total Market Cap is now ~330M and the potential sell pressure from USDT going into Luna is likely to still be in the billions.
This indicator has been holding for a long time. there was only a small surge to 0.1 and fell again, what I saw.
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Biggest issue for Luna is, that you can convert USDT into ~1$ Luna. So there is a multiple amount of devaluated USDT on the market that will crush the Luna price… probably forever, unless they cut ties with that mechanism, basically abandoning USDT to sudden death.
Then, I think that USDT holders should consider going down.
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Probably right… what a mess
As they say, do not look for order where there is none a priori.
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interesting