- LUNA 2.0 is nearing its all-time low price and is currently trading at $4.08.
- Some LUNA hypers are beginning to lose hope.
- Meanwhile, India might charge a 30% tax to citizens who received LUNA airdrop.
Terra’s new iteration of LUNA has been anticlimactic at best, as the current price is nearing its all-time low (ATL) price of $4.08. At the time of writing, LUNA 2.0 is changing hands at $4.93, as per CoinGecko.
At the moment, LUNA is showing barely any signs of promise despite a huge portion of the airdrop being locked until further notice. As such, some people who tried to hype LUNA are losing hope instead.
Recent news are not helping either, as experts pointed out the possibility of India charging a 30% tax to citizens who received the LUNA 2.0 airdrop.
The 1-day chart shows that there won’t be a lot of trading activity happening around LUNA in the near future. This is supported by the low trading volume.
On the other hand, some choose to cut LUNA some slack since it has barely existed for two weeks. It will definitely take some time before LUNA shows a different market sentiment other than indecision and disinterest.
The Terra ecosystem is far from disarray, and authorities have yet to conclude their investigation of the incident. However, Do Kwon and critical Terra supporters remain engaged and fixated on their project. At this rate, only time will decide whether LUNA will become the biggest comeback story in the crypto space, or if history will only repeat itself.
Recommended News :
Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.