The Terra Luna 2.0 coin is a reincarnated version of the one involved in the collapse of the original Terra blockchain. Not to be confused with Terra Classic and Luna Classic, the chain from which the new Terra blockchain originated. hard forked and its original currency, the new Luna is no longer associated with the stablecoin Terra US (UST).
Terra Luna 2.0 launched at around US$6.30 in June before a full-scale sale saw the light of day. token lose nearly 70% of its value.
Prices plateaued until early September when they peaked at $7.24 before crashing to $2.83 on Wednesday September 14th.
The token has a market cap of over $360 million.
It is this type of crypto volatility that has led to repeated warnings from Australian financial watchdog ASIC.
ASIC warns people to be very careful when investing in cryptocurrency and to be on the lookout for scams. Also, as the last year of updates indicates, Luna has come a long way, and investors would be wise to be extra cautious.
If you are aware of the risks but are still interested in buying the new Luna token, here is how to do it.
Featured Partner Offer
*eToro Service ARSN 637 489 466 promoted by eToro AUS Capital Limited ACN 612 791 803 AFSL 491139. Venture Capital. Other fees apply. See PDS and TMD. The T&Cs apply.