LUNA
Despite the strong collapse of LUNA during the past two weeks and its loss of more than 99% of its value, the digital currency surprised the markets during trading today, Sunday, with a crazy rise of more than 80%, in light of the anticipation of the implementation of the rescue plan to revive the digital currency.
During today’s trading, LUNA rose by 81.48% and recorded regarding $0.0002021, bringing its capital value to $1,320,596,227, and the daily trading volume on LUNA increased by 1,204,976,801. dollars, and it is ranked 212th in the ranking of digital currencies in terms of market capitalization.
The Luna coin is awaiting the new rescue plan announced by the founder of the LUNA digital coin, Du Kwon, through his official account on Twitter, in which he proposed restructuring the network, saying that the current network would be renamed to Terra Classic and the Luna coin would be renamed to Luna Classic. LUNA Classic and its symbol will be LUNC and the revival of the Terra blockchain. The development of the basic application of the Luna Classic coin is scheduled to be completed on May 25, and the new Luna Classic network will be launched on May 27.
Despite Luna’s highs, it is dangerous to buy Luna at the present time, especially as it is experiencing strong price fluctuations, so buying Luna now would be risky. But if the investors have money that does not harm them in the event of a loss, it is possible to enter some of them, especially since if the founder of LUNA implements the plan he presented to save the currency, the price must rise significantly.
