The Terra Luna 2.0 coin is a reincarnated model of the one concerned within the collapse of the unique Terra blockchain. To not be confused with Terra Basic and Luna Basic, the chain from which the brand new Terra blockchain hard forked and its native foreign money, the brand new Luna is not related to the Terra US (UST) stablecoin.
Terra Luna 2.0 launched at round $US6.30 in June earlier than a wide-scale unload noticed the token lose nearly 70% of its worth.
Costs plateaued till early September once they rallied to a peak of $US7.24 earlier than crashing to $US2.83 on Wednesday 14 September.
The token has a market cap of greater than $US360 million.
It’s this sort of volatility in crypto that has led to repeated warnings from the Australia’s monetary watchdog, ASIC.
ASIC warns folks to be extremely cautious when investing in cryptocurrency and be on the look out for scams. What’s extra, because the previous yr of stories updates point out, Luna has been on fairly the trip, and buyers can be sensible to tread very rigorously.
Should you’re conscious of the dangers however you’re nonetheless enthusiastic about shopping for the brand new Luna token, right here’s the right way to do it.
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