Business Desk, AnyTV, Washington
Published by: Kirtivardhan Mishra
Updated Sun, 05 Jun 2022 07:55 PM IST
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The cryptocurrency market is constantly going through a period of ups and downs. The latest example is Luna 2.0, which was offered to investors last month after the utter failure of the Terra blockchain. The poor performance of the cryptocurrency this month is eroding investors’ hopes of a sharp recovery from Luna 2.0.
The average price of the Luna 2.0 token has remained below $11 over the past week since Terra handed over the Luna 2.0 token to investors. On May 28, when Terra launched the new chain airdropping Luna 2.0, it emerged 60 percent stronger within an hour of the crash, according to digital currency tracker CoinGecko.
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The cryptocurrency market is constantly going through a period of ups and downs. The latest example is Luna 2.0, which was offered to investors last month after the utter failure of the Terra blockchain. The poor performance of the cryptocurrency this month is eroding investors’ hopes of a sharp recovery from Luna 2.0.
The average price of the Luna 2.0 token has remained below $11 over the past week since Terra handed over the Luna 2.0 token to investors. On May 28, when Terra launched the new chain airdropping Luna 2.0, it emerged 60 percent stronger within an hour of the crash, according to digital currency tracker CoinGecko.