LUNA – Looks Like This Crypto Will Never Recover:
When it comes to these algorithmic stable coins I believe we should always be aware of what they backed by.
Commodity like this should noway have happed to a stable coin.
Assignment learnt for all those that were involved in this design.
I also believe regulation would be a good thing especially for stable coins.
After some careful consideration on the fundamentals and also the analysis of the swells I suppose it’s safe to say that this Crypto is dead.
Whether you are looking at total force or indeed the characters involved in its creation, there are a many effects that feel off about the whole thing.
During this bear request I suppose it would be wise to consider doing exploration on systems that have true value and great network effect.
Remember to use Chastened Money Management Principles to insure life as a dealer.
If you do not know the long term pattern should not you be doing your exploration rather of just following the crowd?
Just remember I’m not a fiscal counsel, I suggest using this only as a companion. Always do your own exploration.