DotBig review: Should you invest in LUNA now?
LUNA was one of the digital assets that experienced the most severe fall during the recent collapse of the market. Due to the fact that its ecosystem became unable to perform efficiently, the founders decided to replace this network. The new one, operating LUNA 2.0 was started on the 27th of May. Is it now a good idea to invest? Did this launch help LUNA investors recover their funds? Here are key findings of the DotBig experts you need to consider.
LUNA price history
Since May 27, it seems to be a highly volatile and speculative asset. On May 28, LUNA 2.0 was traded at $7 per token. In just 3 days, its price surged by almost 100% and reached the cost of $11.97. As of 7:30 of June 2, it dropped again to $6.92, on Kraken. The starting cost was $5.86. So we can see that after the launch of the new blockchain network, developers didn’t manage to cope with the volatility of the new token so far.
The massive fall in the token’s price happened between May 31 and June 1. This happened after network developers reported on Twitter that some recipients got less LUNA than they were supposed to receive from the airdrop. The developers promised to find the solution to this situation and report about it as soon as possible.
Pros & Cons of investing in LUNA
After the collapse of the Terra, people started hesitating if it is a good idea to buy LUNA 2.0. Is LUNA a good investment in 2022? Here are the main advantages and disadvantages to consider:
- The price of LUNA remains at the low entry-level, which makes it more accessible to a bigger number of investors. If more people buy this new crypto token and the Terra 2.0 blockchain will be able to perform productively, there is a chance that the demand will increase again;
- The developers have already announced their plan of recovery. This plan seems quite effective in current conditions. If they manage to implement their ideas in the right way, we expect that the price will go higher one more time;
- LUNA 2.0 is listed on such respectable crypto exchanges as Binance, Kraken, Crypto.com, and others. This aspect enhances the legitimacy of the new development and makes it more accessible to potential investors.
- LUNA 2.0 is operated with too excessive initial volatility. Because of this, the asset is considered highly speculative and it might be an obstacle in terms of restoring the trust of investors in the network;
- Right after the launch, the price of LUNA 2.0 was different on different crypto exchanges. Such weird listings only enhanced the volatility and made buying LUNA 2.0 seem like a gambling game but not a good investment.
Not enough time has passed to drive some reasonable LUNA predictions for the nearest future. We just might consider that it will remain volatile for some time as the network will be getting flooded. Everything else will depend on how well Terra 2.0 will perform and whether the developers will be able to distribute the airdrop in the right way.