This article looks at why Luna coin crashed so hard and whether or not it will recover in the coming months.
The cryptocurrency market has seen exponential growth over the past year, with many new investors hoping to ride this wave to an easy fortune.
However, as with any popular market, such as stocks or gold, there are also opportunities for significant losses. This week, one cryptocurrency saw its value plummet by 92% in just 24 hours, proving that even one of the top coins can lose its luster.
Table of Contents
What Is Luna Coin?
Before discussing what happened to Luna, let’s first talk about what Luna is.
The Luna Coin is a fantastic investment, it is on its way to being one of top 20 coins by market cap.
Each coin has a limited supply of only 10 million, so as demand increases (it’s a very undervalued crypto right now) and supply stays low, you can expect its value to climb quickly.
The technology behind Luna coin is also quite impressive; if they continue improving on their product, there is no reason why they won’t be one of top 5 cryptos in 2018.
What Happened to Luna
Luna coin was recently released with an ICO. Soon after it started trading, Luna lost 80% of its value in a day.
Things That Will Improve The Value of LUNA
We’ve seen a bunch of things come and go in cryptocurrency, but what’s most important is how quickly we can recover. This can be somewhat subjective to a degree, because many factors will change over time.
But there are some things we know will help Luna Coin recover more quickly than others and bounce back in value.
Exchange Listings: Being listed on an exchange gives us a direct path for users to purchase our token. Many exchanges have certain requirements that must be met before they list any new coin.
One of these requirements is usually volume, meaning it must be listed on another exchange before it gets added onto their own platform. If we do our job right and build a solid community around Luna Coin, then getting listed should not take long at all.
How Can Investors Profit From This Situation
Many investors have been looking to get involved in cryptocurrency recently, and while they are likely familiar with some of the more popular coins out there like Bitcoin, Ethereum, Ripple and Litecoin, there are plenty of other interesting options available to those who want to invest.
One coin that has flown under-the-radar but could prove particularly valuable is Luna Coin (LUNA). This currency is named after lunation or a month in astrology. Luna was created on Sept.
Conclusion
In Conclusion, The Luna Coin has crashed by as much as 96% in value within a 48-hour period. This happened on March 1st when it was down to $0.000198, before rising back up to its current price of $0.000382.
There’s no telling whether or not Luna coin will recover from these losses, but if things keep going in a negative direction they may never do so again.
