At the time of writing ( 12 May 2022), LUNA was trading at about $ 0.164 ( 1.25 INR ) and declining steadily with reasonable volume
Terra (LUNA ) LIVE PRICE UPDATE
The price of Terra (LUNA) dropped 99% during the day. At the time of writing ( 12 May 2022), LUNA was trading at about $ 0.164 ( 1.25 INR ) and declining steadily with reasonable volume. Terra washed away this seven-day high of $ 87.80.
It was one of the top 10 cryptocurrencies, but now its level has dropped to 121. The market cap has also dropped by more than 76%. Inflation has washed away the hard work of investors.
Twitter is full of news. Many developers think Terraform Labs is negotiating with a few investors to get the money back on track. Everyone knows that crypto is a risky asset, and investors can clearly see their investments in risk today.
The market is highly volatile due to recent conflicts, supply chain problems, and inflation issues, but sometimes it remains volatile even for no reason.
It is a blockchain-based cryptocurrency, so there is no rule for any central authority if something goes wrong.
Many analysts suggest that investing in crypto does not make sense in this volatile market because many governments also try to clean up tangible money from mining and trading.
However, it is just like a falling knife, and you should not invest because LUNA is hard to renew, and if it does, it will be difficult for Terra to support the long-term price.
Therefore, traders and investors should research the basics and technologies before investing in cryptocurrencies and invest the money they can afford.
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