🌖 Persisting Fear
The major reason why $LUNC records slower growth than projected is due to the prevailing sentiment around the asset. Although the Terra #ECOSYSTEM imploded two years ago, the widespread effects of the collapse are still echoed in the market. This has led to a slow inflow of the asset against the projected buzz.
The platform’s algorithmic stablecoin lost its peg with the dollar leading to huge losses. Subsequently, the price crash led to investigations and an arrest warrant issued for founder #DoKwon . Luna which rebranded to #LUNACLASSIC has struggled to build traction.
