LUNA – do you think $1 is a low price?
Luna / TetherUS BINANCE:LUNAUSDT
It has dumped by 99,4%. From ~$100+ to ~$1.
Do you think it is safe to buy? Price is so cheap…))
Turn on the log scale and try to figure out the next 99.4% move. $1 would easily convert to $0,01.
If they do not turn off the algo, they will print more coins (LUNA), to try to maintain the peg, by selling LUNA
More selling. The lower the price. Risk of falling to ZERO.
ONLY IF IT WAS A DELIBERATE ATTACK ON THE ALGO TO ACHIEVE THIS DUMP, CURRENT PRICE MAY BE JUSTIFIED. OTHERWISE, THERE IS A RISK OF BURING THE BET
