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$luna chart pepe unchain Bnb Eth XRP aave Bitcoin crypto futures

Is Luna worth anything?

SAN FRANCISCO (KRON) – Luna, a cryptocurrency tied to the stablecoin TerraUSD, is now basically worthless. According to coinmarketcap.com, Luna was worth $0.01862 as of midday Thursday. The downfall happened remarkably fast — within the space of 24 hours. Luna had been one of the most valuable cryptocurrencies. So what is Luna anyway?

How much Ust can be used to mint Luna?

In theory, these mechanics are supposed to ensure $1 worth of UST can be used to mint $1 of LUNA – which serves as a sort of floating price shock absorber for UST volatility. The massive selling pressure led to sharp drops in the prices of both LUNA and of UST.

Should you invest in Luna classic (Lunc-USD)?

As we’ve seen with Luna Classic (LUNC-USD), even some of the most significant cryptoc Singapore’s Deputy Prime Minister Heng Swee Keat cautioned retail investors to steer clear of investments in cryptocurrencies, saying the nascent asset class “is a highly risky area.”

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