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100$☑️ LUNA BUY ZONES - WAVE 5 TARGETSIn our last Luna analysis we predicted the rise up to $100 as our target using the first wave extension theory as the foundation of our ide as seen below Today we will be talking about our buy zones inorder to be ready to ride the 5th wave. As you can see from our fib retracement tool, We are currently trading above the 0.236 region drawn from the end of wave 2 to end of wave 3, however trading below support. Next area of interest will be the next available support @$38 region, touted as our last line of defense for continuation in the case of volatility in our original analysis. 0.382 Region is now our last line of defense, I personally don't see it going below the 0.382 region as it aligns with the bottom of our rising wedge pattern which looks scary btw. You can try your luck with orders at the 0.5 region but i don't see that happening. Take profit zone is at the $150-157 region, with our main target withing the Red Zone to complete wave 5. If you agree, pls leave a like and share your thoughts in the comments. Make sure to manage your risks.
Long
by RektMyMom
Luna to 5$ soonTerraform Labs Launches 3 Emergency Actions to Save LUNA, UST Stablecoin In a race to remove all bad debt from the Terra ecosystem, Terraform Labs is pulling out all the steps with three emergency actions.  to protect the project from a governance attack.  With a current market capitalization of roughly $143 million, there is not nearly enough liquidity in LUNA to support Terra’s mint-and-burn mechanism and bring UST’s market cap of $7.2 billion back to parity (or below).   Thus the Terraform team is suggesting destroying the UST without swapping it for LUNA.  LUNA acts as an arbitrage cushion for UST to help keep its dollar peg. Investors can always swap one UST for $1 of LUNA and vice versa. If UST falls below $1, investors can buy the discounted token, swap it for $1 in LUNA and then sell the newly-minted LUNA on the market for a profit. Each time this swap is made, the sold-token is burned (crypto speak for destroyed).  First, Terraform Labs suggests burning roughly 1 billion UST in the project’s community pool. The community pool is a special fund designated for funding different projects built on top of the Terra blockchain. Any community member can create a governance proposal to spend the tokens in the community pool.  The current circulating supply of UST is 12.12 billion, according to data from CoinMarketCap. By burning the tokens from this pool, the move would reduce the supply by roughly 8.05%.  The second measure seeks to bridge back 371 million UST from Ethereum to Terra and burn that as well. This would reduce the UST supply by another 3%.  In total, the first two emergency measures would reduce UST’s circulating supply by just over 11%. “TFL (Terraform Labs) is currently exploring the best avenue to burn the remainder of its UST holdings,” tweeted Terraform Labs. “Much of which has been accrued in recent days to absorb the sell-offs of UST in various open markets.” News DeFi Terraform Labs Launches 3 Emergency Actions to Save LUNA, UST Stablecoin In a race to remove all bad debt from the Terra ecosystem, Terraform Labs is pulling out all the steps with three emergency actions. Sujith Somraaj By Sujith Somraaj May 12, 2022 3 min read LUNA is the native cryptocurrency of the Terra blockchain. Image: Shutterstock LUNA is the native cryptocurrency of the Terra blockchain. Image: Shutterstock On Thursday, Terraform Labs, the team behind the Terra ecosystem, outlined three emergency measures aimed at saving LUNA and its native stablecoin UST from collapse. The three measures include burning the remaining UST in the community pool, burning any UST that still exists on Ethereum, and staking $240 million LUNA to protect the project from a governance attack. With a current market capitalization of roughly $143 million, there is not nearly enough liquidity in LUNA to support Terra’s mint-and-burn mechanism and bring UST’s market cap of $7.2 billion back to parity (or below). Thus the Terraform team is suggesting destroying the UST without swapping it for LUNA. LUNA acts as an arbitrage cushion for UST to help keep its dollar peg. Investors can always swap one UST for $1 of LUNA and vice versa. If UST falls below $1, investors can buy the discounted token, swap it for $1 in LUNA and then sell the newly-minted LUNA on the market for a profit. Each time this swap is made, the sold-token is burned (crypto speak for destroyed). First, Terraform Labs suggests burning roughly 1 billion UST in the project’s community pool. The community pool is a special fund designated for funding different projects built on top of the Terra blockchain. Any community member can create a governance proposal to spend the tokens in the community pool. The current circulating supply of UST is 12.12 billion, according to data from CoinMarketCap. By burning the tokens from this pool, the move would reduce the supply by roughly 8.05%. The second measure seeks to bridge back 371 million UST from Ethereum to Terra and burn that as well. This would reduce the UST supply by another 3%. In total, the first two emergency measures would reduce UST’s circulating supply by just over 11%. “TFL (Terraform Labs) is currently exploring the best avenue to burn the remainder of its UST holdings,” tweeted Terraform Labs. “Much of which has been accrued in recent days to absorb the sell-offs of UST in various open markets Please follow me on telegram for more news and ideas
Long
by SakCrypto
14
Good times coming? Do kwon want get stable coin back to 1 usdThe investment of Luna is at this moment is the riskiest investment last time- but for those hodl since higher numbers, I think it's not smart to sell. Will Do kwon make it true to get the stable coin back to 1 usd? if this happens, then we have a better hope for a new recovery for this coin. Most important is that the team of Luna is still behind the project - and hope for those who did invest at higher numbers, that we will get soon a spike increase back into trend. Also, futures of binance for this coin did turn off - this is good news - as more shorts can be get stopped. Even if the price is 0,01 or 0,10 its still in a small range, and this project should at last show again the 1 USD + to get into a new uptrend. Also, binance or other big companies can support luna - this could add in massive new buys. With the volume we have seen before 1 USD price action could be done in a short time if there is really good interesting news. To know more about crashes as this check projects or stocks that was 0, and did increase more than it was. An example is an OIL with corona time. it was going below 0, then all-time high - i am not saying this will happen with Luna, but there is a good chance for recovery, Most of the time market enters into panic time - then small step-by-step recovery, when the project has a good long-term goal - and i find that Luna has a good solid goal. When real volumes enter,it will be not about low cents change. Most of these are possible scenarios, most important is trade with plan and risk management.
Long
by Goldenbreakout
11
The Death of (Terra) a StablecoinAn algorithmic stablecoin sounds complicated, but that doesn't have to be. That's how Terra envisioned its algorithmic stablecoin and why it inevitably crashed. Here's how stablecoin Terra & Luna work: 1. In 2018, Terra network was created with two native tokens. Let's call them Terra (UST) and Luna (LUNA), of which the reasons will become apparent later on. 2. Terra is the stablecoin of the two and Luna has a variable price. These tokens are nothing more than numbers and a protocol on the blockchain. 3. For the ecosystem to work, we need to find people who want to buy these tokens, we do marketing. 4. Luna's price can vary, and is determined by the good old concept of supply and demand. Luna's price will be right in the middle. 5. If people find Luna fantastic, the demand for Luna goes up and so the price goes up, or at least not to zero. 6. Now here come's the tricky part: the blockchain promises that people can always exchange One Terra for $1 worth of Luna. That means if Luna is trading at $0.5 you get 2 Luna for One Terra. When Luna is trading at $4 you get 0.25 Luna for One Terra. If Luna trades at $10 you get 0.1 Luna and so on. The price of Luna can vary, but One Terra can always be exchanged for $1 worth of Luna. The reverse is also true and possible, people can always exchange $1 worth of Luna for One Terra. 7. Now we make an automated smart contract to make this exchange possible. Et Voila, stablecoin Terra is created. 8. Terra should always be worth $1. So terra should always trade at $1. If Terra trades above $1, arbitrage traders will buy Luna and then sell Luna for Terra for instant profit. If Terra trades below $1, arbitrage traders will buy discounted Terra and exchange it for Luna for instant profit. Arbitrage traders will push the price of Terra back to $1 if it deviates. 9. Luna's price can fluctuate but that doesn't matter. As long as Luna is not zero, you can exchange Terra for $1 worth of Luna and Luna for around $1 of Terra. Now we need to make sure Luna doesn't go to zero, since that would turn out very bad. So we need to give fundamental value to Luna, these are the ways to do this: - Collect transaction fees from people who exchange Luna for Terra & Terra for Luna and distribute (a part of) these fees to Luna holders as interest. - Create an ecosystem of smart contracts and applications on top of Luna and terra in which Luna is treated as the native currency to use this ecosystem. And ascribe a lot of value to it. This reinforces each other pretty well. The more fees you collect and distribute to Luna holders, the more viable your ecosystem gets. The more applications are being being built, the more Luna is being bought to interact in the ecosytem & the more fees are collected. But besides this, there's no algorithm explicitly saying that Luna always has a particular amount of value. The algorithm just lets people exchange Terra for Luna. Luna is only valuable if people think it’s valuable and believe in the long-term value of the system that you are building. The danger arises when people suddenly turn their back on Luna and think "Wait, it's all useless and it isn't real." and all sell their Luna tokens for Terra, which should always be equivalent to $1. If people sell their Luna, the price of Luna goes down. If people sell their Terra, you might think "the price of Terra can't go down because of the algorithm!". So if Terra drops to $0.97, arbitrage traders would buy it and exchange it to $1 worth of Luna for instant profit. Well. The problem is that when people lose trust in the whole system, they will dump both Luna and Terra. It looks like this: - Someone sells their Terra, and Terra drops to $.97 - An arbitrage trader buys 10 discounted Terra and exchanges it for Luna. Luna trades at $40 so the trader gets 0.25 Luna. (because exchange of Luna is at $1 par.) - Then the arbitrage trader sells their Luna, which drops the price of Luna to $20. - A second person sells their Terra, and Terra drops to $0.97. - An arbitrage traders buys 10 discounted Terra and exchanges it for Luna. Luna trades at $20 and the traders gets 0.5 Luna. - Which the arbitrage traders sells again, making the price of Luna drop even further. - Now Luna is worth $10, so 10 Terra gets you 1 Luna, which then gets sold, so Luna goes to $5, so 10 Terra gets you 2 Luna, etc. There's no stopping this process, it's a death spiral going down fast. Eventually Luna trades at $.01 and 10 Terra gives you 1000 Luna. And when you try to sell your Luna, you can't, because there are no buyers left and there are no arbitrage traders left who buy discounted Terra to exchange for Luna. The founders are actively searching for a solution, one is looking for capital of investors and the other is to mint way more Luna, so that One Terra can reliably be exchanged for $1 worth in Luna. Even if that means bazillions of Luna. Thanks for taking the time to read this idea. Stay safe out there. Support by following and sharing!
by jonathanvn
4