Photo by Mariia Shalabaieva on Unsplash

We all know what happened by now with the whole Luna ecosystem and there is one question that stays on everyone’s mind. Can Luna make a comeback?

In my opinion, the answer is no.

First of all, many people have lost trust in Luna and UST me included. I would not trust my money in a stablecoin that had such a disastrous crash. UST hasn’t even pegged again yet and I doubt it will.

In the period that UST tried to get pegged again the circulating supply of Luna saw such a massive rise that it would take a miracle to push the price to new all-time highs again.

Luna has a massive 6.53T tokens in circulation right now. Before the crash, it only had around 370M tokens in circulation. That’s an increase of 1729648%

If Luna would somehow reach the market cap of Bitcoin it would only be worth around 8 cents. Everyone that bought in the last year would still be down 99%.

People will eventually move on and I don’t think Do Kwon can fix this whole collapse. Luna will be remembered in Crypto history that nothing is too big to fail.

Links to support my writing.

ByBit -> https://www.bybit.com/en-US/invite?ref=6WP8NZ

Crypto.com -> https://crypto.com/app/rfcmsmenh8

Buy Me A Coffee -> https://www.buymeacoffee.com/maretti

Disclaimer: Crypto investing contains risk. You can lose the money you invest and I am not responsible if you do so.