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 $1. There are other coins that were played with a funeral march, but they came to life.
So Look, SPT is a Layer2 Token without a stablecoin and Luna is a layer1 Coin that has a stablecoin. Those are not even in the same zoo anymore. One is a Giraffe and the other one a Lego Cat.
I don't really understand the question. But right now, Luna just dropped another 3x since we wrote. The total Market Cap is now ~330M and the potential sell pressure from USDT going into Luna is likely to still be in the billions.
Biggest issue for Luna is, that you can convert USDT into ~1$ 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.
lets talk next week
That sounds like a great idea.
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