Author: @madridbg, through Power Point 2010, using public domain images. Gerd Altmann
Greetings and welcome dear users of this prestigious platform, the publication that we will make below is associated with an incident that has gone around the world at the level of blockchain platforms and cryptocurrencies in general.
So that for all those users who make life in this type of technology, it should not be unknown the incident that is occurring with the Luna cryptocurrency and the network in general associated with it, which after generating stability in its economy that led the currency to exceed $80, has presented a resounding fall consubstantiated with the bearish scenario that has been occurring in the rest of the cryptoassets.
Now, if we analyze the context it is necessary to ask ourselves what happened with Terra luna, at first there were rumors about the participation of the Winklevoss twins in the fall of Luna prices through the exchange and custody Gemini who generated a loan of 100K Bitcoin to the Blackrock and Citadel group.
Under the premise of investing 25k BTC in the purchase of UST which they subsequently sold, action that triggered a massive sale of Luna, which broke the disparity that UST had with the dollar, under this scenario have been the same informants of the Blackrock and Citadel group who have denied the fact that Gemini is involved in this collapse of the Terra Luna project, which has caused the Luna currency to lose more than 99% of its value, generating abrupt losses for small, medium and large investors.
Under this scenario, the large exchanges associated with Korea have issued a warning or alert against the Lluna cryptocurrency, assuming it as a precautionary element, so the call is not to invest in it as a measure to protect the capital of users, this classification is carried out due to the high fluctuations in the price of the token and even more after what Binance issued by establishing to remove it from its list of cryptoassets exchange if the value fell below $ 0.05.
Therefore, the scenario is adverse for this project we will have to keep waiting to see the measures taken behind the developers, which in the first instance is focused on helping to achieve stability again in relation to the dollar, therefore, the only path that looms is to be able to absorb the large supply of stable coins being mined before the UST can start linking back within the project.
So we will be attentive to the scenario to come within a drastic unraveling of a project that was assumed to be reliable according to the potentialities it presented.
OF INTEREST
