It has now been nearly ten months since the crypto project Terra Luna experienced a catastrophic collapse in May last year.
Later, FTX collapsed and recently, the crypto-friendly Silicon Valley Bank (SVB) collapsed. As the SEC charged Terra founder Do Kwon with fraud over the $40 billion crypto crash, it has adversely affected the market.
As there is hardly any positive news regarding its price movement, we cannot deny the fact that LUNA will never be considered a ‘safe’ cryptocurrency.
Therefore, it may not be able to return to its former heights again.Read Price Prediction for LUNA 2023-24 Stablecoins, such as UST, were created to protect investors from the extreme price volatility of popular cryptocurrencies, such as Bitcoin (BTC).Read more on ambcrypto.com