Luna coin is more suitable as the best speculative target, rather than the best investment target.
Luna coin experienced a severe price crash in 2022, with its market value plummeting from a high of $119.5 to almost worthless, evaporating over 99% of its market cap. This event was primarily due to the de-pegging issue between Luna coin and the Terra USD (UST) stablecoin, leading to a collapse in market trust towards Luna coin and triggering a massive sell-off. Additionally, Luna coin's founder Do Kwon was fined $4.5 billion by the U.S. Securities and Exchange Commission (SEC) due to fraud allegations and faces multiple severe penalties, including industry bans. These events have significantly increased the credibility and legal risks associated with Luna coin, severely impacting investor confidence.
Although the Luna blockchain has some applications in decentralized finance (DeFi), its technological advantages and ecosystem prosperity may not fully compensate for the market's loss of trust. Currently, both the price and market cap of Luna coin are at low levels, and the market has a high degree of uncertainty regarding its future development, which still leaves open the possibility for speculative targets to surge dramatically.