After approving the LUNA rescue proposal, a new version of LUNA’s virtual currency was released called LUNA 2.0. LUNA 2.0 has just been listed on a few virtual currency exchanges, then the price of LUNA 2.0 has been pushed up very high, then dropped without braking, along with LUNA 2.0. vninvestment.vn find out now.
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The value of the LUNA 2.0 coin “landing in the field” on the first day of launch
The value of the LUNA 2.0 coin was pushed up very high, then quickly dropped without stopping. From 0.5 USD/dong when it just went on the floor, LUNA 2.0 has increased to 30 USD/dong, the value of this virtual currency is estimated to increase 60 times in just the first 20 minutes.
However, the fact that LUNA 2.0 was pumped up in the first time did not make the value of this coin maintain the castle, shortly after that, it dropped to more than 4 USD/dong. Of course, early buyers at 0.5 USD/VND won’t have too much to worry about, but for those who are in a hurry to swing to the top, they have already lost a lot.
Many experts in the field are worried that this new coin contains a lot of risks because of the stain of the original LUNA. Choosing to buy into LUNA 2.0 can now be considered a highly risky investment.
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The maximum total supply of LUNA 2.0 is 1 billion tokens, not unlimited like the old LUNA, these two virtual currencies will not have any value relationship anymore. In which, LUNA 2.0 will be divided among LUNA coin holders at first depending on the subscription that will be paid accordingly.
LUNA 2.0 “Wait, let’s touch”
Faced with this situation, some experts in the cryptocurrency industry immediately warned of great risks in transactions with the new LUNA coin right now.
Posting on Twitter, Mr. Remi Tetot, head of research at GMI, noted that “buying LUNA 2.0 at this point is like playing a gamble with the potential for great risk”.
At the same time, Mr. Remi advised investors to “wait a few weeks to see how the DApps perform”.
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Some “list” exchanges are slow because the market capitalization is not confirmed
Recorded on the night of May 29 at CoinMarketCap (CMC), the market capitalization of LUNA 2.0 is about $1.2 billion. However, CMC also attached a warning that this data is provided by the Terra 2.0 project and the CMC team has not been verified. Similarly, some other websites and exchanges such as CoinGecko or Kraken are still putting a question mark or even “0.0 USD”.
Aside from the unconfirmed market cap, several well-known crypto exchanges are yet to open trading with LUNA 2.0. Among them, FTX has not announced a specific time, and Binance did not announce until late evening of May 28 that the listing time for Terra 2.0 has been fixed on the afternoon of May 31, 2022 (Vietnam time).
Article source: LUNA 2.0 listed on the exchange, the token price “landed in the field” in just 1 day