LUNA
The LUNA digital currency continues to bleed its strong losses and the state of madness witnessed in the digital currency markets yesterday, Wednesday, coinciding with the increasing sales of the digital currency and fears that this digital currency will completely disappear due to the strong burning operations and its association with the UST digital currency.
During today’s trading, the LUNA digital currency declined by 98.03% and recorded about $ 0.0556, bringing its capitalization down to $190,740,410.26, with a daily trading volume of $9,184,016,533.30, and it ranks 132 among the most popular digital currencies in terms of market capitalization.
At the same time, the UST digital currency decreased by 8.91% and recorded about $0.4736, bringing its capital value down to about $5,803,064,727, with a daily trading volume on UST about $6,722,405,096, and it ranks 17th in the ranking of the most popular digital currencies in terms of market capitalization.
In light of the great collapse of the digital currency LUNA in the markets, many investors are wondering about the possibility of buying this digital currency to achieve strong profits, especially since more loss for this digital currency will not hurt much after the sharp and strong collapse that befell it, and therefore, the attention of investors is currently heading towards it , amid expectations that it will recover soon and the intervention of those in charge of the digital currency project to prevent its collapse.
On the other hand, there are some fears of the continuation of the collapse of the digital currency amid the intensive burning operations on it to obtain UST, and if the strong burning operations that were the cause of the collapse of LUNA continue recently, this project may disappear in the near future.
What are the reasons for the collapse of the digital currency LUNA?