The Terra Luna 2.0 coin is a reincarnated version of the one involved in the collapse of the original Terra blockchain. Not to be confused with Terra Classic and Luna Classic, the chain from which the new Terra blockchain hard forked and its native currency, the new Luna is no longer associated with the Terra US (UST) stablecoin.
Terra Luna 2.0 launched at around $US6.30 in June before a wide-scale sell off saw the token lose almost 70% of its value.
Prices plateaued until early September when they rallied to a peak of $US7.24 before crashing to $US2.83 on Wednesday 14 September.
The token has a market cap of more than $US360 million.
It’s this kind of volatility in crypto that has led to repeated warnings from the Australia’s financial watchdog, ASIC.
ASIC warns people to be highly cautious when investing in cryptocurrency and be on the look out for scams. What’s more, as the past year of news updates indicate, Luna has been on quite the ride, and investors would be wise to tread very carefully.
If you’re aware of the risks but you’re still interested in buying the new Luna token, here’s how to do it.
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