In these challenging times of financial markets, every trader and investor looks out on social media to get what’s happening worldwide.
Recently, the Crypto market, or more precisely, Luna, was a scorching topic worldwide because of the kind of tragedy that occurred and caused Luna to fall more than 99.955% all over the night!
Seems like a freaking nightmare? Well, it has happened for real!
Let us talk about what’s happening with the Terra Luna crypto coin.
- What terra luna community has for their investors who lost their all worth of holdings
- What is an actual revival plan for the Luna coin?
- Who is helping to get terra luna back on the track?
Hey there, Pushkar; this side for today’s knowledgeable, quick article shot to explain the latest update on what’s going on with Terra Luna in 2022! Let’s dig into it…
Terra Luna Latest Update
A trendy crypto celebrity Chan Zang ( CEO of Binance ), has announced on Twitter that “BNB Chain has offered dedicated support for Terra Luna to build on the BNB Ecosystem.”
Eventually, it says to deploy the terra Luna contract and build it on BNB Chain, which is very appreciable help from a Binance CEO. However, there is no response from the Founder of Terra luna itself. So let’s see how things unfold and what comes as a result.
Luna’s foundation and community are huge in themselves. Binance will surely get tremendous benefits by doing so, as with a growing state of Luna, the Binance chain would apparently grow, and it could also charge fees.
And therefore, with Luna and Binance, both foundations can help each other and come out with a great rival plan for the terra Luna disaster that happened this weekend.
Let’s talk about Bitcoin, Updates on the overall crypto market…
- Bitcoin is facing a huge rigid resistance level at $32500, which seems like a psychological resistance level as before 32500$ was life-saving support in past months for BTC.
- There’s no such interesting volume and buying activity happening in the market.
- Market sentiments also seem very weak, and therefore, there is no positivity and direction where the market could lead after a few days of sideways chop.
- Until BTC crosses and breaches the $32500 zone, BTC seems to stay in the sideway chop phase.