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Is Terra (LUNA) Dead? – What Happened to LUNA?
Is Terra (LUNA) Dead? – What Happened to LUNA?
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Terra has been establishing itself as a market leader in the stablecoin field for several years. Terra is a Cosmos-based layer 1 blockchain that specializes in stablecoin transactions. TerraUSD (UST), Terra's algorithmic stablecoin, was launched in late 2020. This stablecoin was designed to be worth $1 at all times. However, this stablecoin immediately lost its intended stability and dropped precipitously. Many people are questioning if Terra's UST failure signals the end of the project or if there is still hope for a successful recovery.
🕒 Timestamps 🕒
00:00 Introduction
01:01 Why is Terra (LUNA) Down?
04:00 Terra (LUNA) Price Movements
04:56 Cryptocurrency Market Cycle
05:55 Where to Buy Terra (LUNA)?
06:47 Is Terra (LUNA) Dead?
08:30 Final Thought
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