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LUNAUSDT

📉UST -92%! How $11.5B became a $1.4B?Algorithmic stablecoin UST dropped by 92% and there are still different rumors: the network collapsed on its own or was deliberately destroyed to buy back all the Bitcoins from the Terra Foundation. As we know, about 80,000 BTC were used to secure this stabelcoin. Many holders of UST, just stablecoin(!), have lost about $10B. 📊In order to understand how it all happened, it is necessary to understand the mechanism of algorithmic stablecoins. 🎯Types of Stablecoins. In the picture you can see different types of stablecoins: 🔶 USDT, USDC - secured in fiat currency, government bonds. 🔶 DAl - secured by pledge of Ethereum in smart contracts. If you know that Ethereum will grow in value and you do not want to spend it, you pledge your Ethereum, and in return you get more DAI (dollars) for the trading or investing. 🔶 UST is an algo stablecoin, which has a price peg to the main cryptocurrency and USD. In the case of UST it was Luna. Luna was the security of the UST stablecoin and you could exchange 1 UST and the equivalent of Luna. If Luna was worth $100, you could get 100 UST in exchange, and for 1 UST you could get 0.01 Luna. There was also a huge supply of Bitcoin on the security of UST. ✅What is the advantage of algorithmic Stablecoin? The advantage of this approach is that there is no need to hold additional funds for security. If a bank issued securities in order to borrow money, it has the funds to security that debt, and also earns additional profit on the money it borrowed. For algorithmic stablecoins, the security was an altcoin. If Luna goes down in value, the guarantee that you can exchange USTs for dollars goes down also. If the bank goes bankrupt, you get your money back, if the altcoin drops....you know what happened next. 💼Algorithmic stablecoins are also called unsecured stablcoins. Luna had a security in BTC, but as it turned out later, not enough. Why is the peg broken? Let's not go into all the details, I'll tell you a simple algorithm: 1️⃣ The big amount🐳 of UST was exchanged for Luna. 2️⃣ They have sold big amount of Luna by market. 3️⃣ Luna dropped by 50% and its capitalization became insufficient to secure UST. 4️⃣ Panic selling by retail investors continued. 5️⃣ Terra Fundation, in an attempt to stabilize the stablecoin`s peg to the dollar, sold all their Bitcoin holdings. 6️⃣ Luna is down by 99.9998% and UST is down by 92% with no BTC on their wallets. What are the reasons of this dump? A week ago I did an article about Terra being a top 3 holder of Bitcoin and have about 80,000 Bitcoins. If you've been in trading for a long time, you should understand that the whales have liquidity issues and may have done a manipulation of the price of Luna to make Terra sell all their Bitcoins to save the stabelcoin peg. 🚩If you are a newbie, liquidity is a measure of the speed or availability at which a trader can buy or sell a cryptocurrency. You don't need much liquidity to buy 1 Bitcoin, but to make a $2-3 billion purchase, you need someone to sell $2-3 billion worth of Bitcoins. Such manipulations happen very often at the crypto market, as it happened with Luna and UST. When Bitcoin falls by 30%, more than $2B of long traderss are liquidated, all this liquidity is bought by big players, because they don't have such amount of liquidity for buying at other time. 🏁Are you still have a questions? What other reasons could there be for the Luna and UST dump? Write your ideas in the comments! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
U
by Yuriy_Bishko
7
LUNA short 15 minutesHello everyone, let's take a look at the LUNA to USDT chart on the 15-minute time frame, currently the price after huge drops is above the local uptrend line. As you know, the TERRA LUNA ecosystem was broken, and the price collapsed with it, so you can still speculate. Let's move on to determining the Stop Loss that we should take into account in the near future: SL1 - $ 0.00012646 SL2 - $ 0.00009991 while the targets we see using the Fib Retracement tool are as follows: T1 - $ 0.00014791 T2 - $ 0.00015863 T3 - $ 0.00016629 T4 - $ 0.00017548 Looking at the CHOP indicator, we can see that we have quite a lot of energy in the 15-minute interval.
Short
by cryptodailyuk
3
LUNA 2.0 SMART SCAM SUMMARY. DON'T FALL FOR THIS!!!LUNA 2.0 SMART SCAM ➡️LUNA GOES FOR ANOTHER HARD FORK THE HOLDERS ARE SCAMMED FOREVER ➡️THE REVIVAL PLAN IS NOT AN EXACT REVIVAL - PROVES TO BE A SMART RUG PULL ➡️LUNA will be renamed as LUNC which will never hit back above 0.0001 to 0.0005 region. Summary Create a new Terra chain without the algorithmic stablecoin. The old chain to be called Terra Classic (token Luna Classic - LUNC), and the new chain to be called Terra (token Luna - LUNA) Luna to be airdropped across Luna Classic stakers, Luna Classic holders, residual UST holders, and essential app developers of Terra Classic. TFL’s wallet (terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6) will be removed in the whitelist for the airdrop, making Terra a fully community owned chain Allocate a large portion of the token distribution in 1) providing emergency runway for existing Terra dapp developers 2) align interest of devs with the long term success of the ecosystem Network security to be incentivized with token inflation. Target staking rewards of 7% p.a. Token Distribution Community pool: 30% Controlled by staked governance 10% earmarked for developers Pre-attack LUNA holders: 35% All bonded / unbonding Luna, minus TFL at “Pre-attack” snapshot; staking derivatives included For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6mnth cliff For wallets with < 1M Luna: 1 year cliff, 2 year vesting thereafter For wallets with > 1M Luna: 1 year cliff, 4 year vesting thereafter Pre-attack aUST holders: 10% 500K whale cap - covers up to 99.7% of all holders but only 26.72% of aUST 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff Post-attack LUNA holders: 10% Staking derivatives included 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff Post-attack UST holders: 15% 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff Definitions: “Pre-attack” snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 22:59:37+08:00) “Post-attack” snapshot to be taken at Terra Classic block 7790000 (2022.05.27 03:59:51+08:00)
LShort
by WeTrade100X
8
#LUNA NEW UPDATE RE_ENTRY BY CRYPTOSANDERS!Welcome to this quick LUNA/BUSD analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:- LUNA/BUSD PARALLEL CHANNEL breaks the downside trendline and buy the downside green best zone and bounce PARALLEL CHANNEL. (SPOT CALL) Entry:-$0.00014307, $0.00015175 Traget:- 270% Stoploss:- 0.00009999 Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
LLong
by CryptoSanders9563
1
Terra Luna -- Is it the start of parabollic rise?Downtrend break (first since May 16) yesterday. Bullish MACD cross. Following Double Bottom near 0.00010 support line, there are multiple Bull Flags forming with increasing volume. Two important twitter posts by Do Kwon today: 1) While the supply of LUNA has been increasing, no new tokens are being minted. It is swap fees entering supply that will stop eventually. twitter.com 2) He posted official burn address and community has started burning the supply. It is likely the biggest reason for increased volume/strength. It has been heavily shorted and I don't think they covered yet, possibly even doubled down. twitter.com If/when token supply becomes fixed, we could see significant appreciation in price but do manage your risk. This is not a financial advice.
LLong
by wealth_bakery
19
Trading Signal For LUNAUSDT LUNABUSD LUNATrading Setup: There is a Trading Signal to Buy in LUNAUSDT LUNABUSD LUNA. Traders can open their Buy Trades NOW Rank : ⭐️ ⬆️Buy now or Buy on 0.000125 ⭕️SL @ 0.0000860 🔵TP1 @ 0.000210 🔵TP2 @ 0.000299 🔵TP3 @ 0.000445 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked our ideas, please support us with your likes 👍 and comments .
LLong
by pullbacksignal
1
EPX : The coin that can go above 0,01 and more.The goal of this channel is to share the best possibilities depending on technical analysis. Some updates are for the long term, and some updates are scalping for the short term. This time I did scan this coin EPX with high possibilities. Always make sure you study any project well - and add the right risk management . Goals and targets. For the long term, 0,01 are a possible target. This coin is still not known well, and it's in this first startup fase.
Long
by Goldenbreakout
1
IS THIS THE TIME TO HAVE LUNA BEFORE 27TH ?Luna looks to have some signals for uptrend and this depends on technical analysis - but is this the right moment to buy Luna before 27th ? This question is very important, and the only answer to this is risk management, even if you buy or not, make sure there is no more loss than it should. We will follow Luna to see if this is the point that can start to make luna into a small backend for low-range trading. this update is not trading advice, trade only with a plan, and let's see or this will be a start that could get luna into better levels back.
Long
by Goldenbreakout