What happened to Luna crypto?

There are two stories regarding Luna crypto: the TerraUSD/UST stablecoin and the actual Luna coin. Once Luna and UST crashed, there was a total liquidity crunch in the cryptocurrency space that caused an even more catastrophic loss of value. The crypto community still hasn’t recovered.

Can Terra and Luna spread to other cryptocurrencies?

It is quite possible for the contagion from Terra and LUNA to spread to other cryptocurrencies. Among other things it could Make investors worry about the supply of cryptocurrencies increasing; and/or Lead people to panic and withdraw money from their crypto trading accounts.

Is the Luna price crash a sign of the 2022 crypto market?

In many ways the LUNA price crash is emblematic of the 2022 crypto market, as Dogecoin was of the 2021 market. In 2021, Dogecoin’s sudden rally out of nowhere typified the bullishness of the time. LUNA’s abrupt crash likewise typifies today’s bearishness.

What is Luna (Luna)?

LUNA is the native token of the Terra blockchain. TerraUST is an algorithmic stable coin that works following LUNA to maintain its price of $1. The UST token is linked to the US dollar, as most stable coins are linked to one fiat or the other.