LUMIA has seen a significant drop in value, with a fourteen percent decline, mainly due to several factors that have affected investor confidence. One of the main reasons for this is its recent rebranding from Orion (ORN) to LUMIA. This change has been accompanied by adjustments to its tokenomics, which has created uncertainty among investors.
Additionally, the market needs time to adjust to LUMIAâs new infrastructure and vision, which is contributing to a phase of instability. This adjustment period has affected the tokenâs trading as investors are assessing the changes and their future impact.
Another key factor negatively affecting LUMIA is the overall volatility of the cryptocurrency market. As is common in the cryptocurrency world, prices fluctuate significantly, and LUMIA is no exception. Uncertainty and global economic instability are also influencing the coinâs decline.
In short, LUMIAâs value decline is the result of a combination of factors related to the rebranding, the reorganization of its tokenomics, and the volatile nature of the crypto market.
