LUNA — still a Layer-1, or has it turned into a tech-heavy shitcoin?
Technically, Terra (LUNA) remains a Layer-1 blockchain, built on Cosmos SDK infrastructure and running its own validators.
But the market’s view of the project changed dramatically after the 2022 collapse.
On the one hand, there’s a functioning network and efforts to develop the ecosystem.
On the other, trust has been shaken, and it’s now seen as one of the riskiest assets.
What do you think: can LUNA regain investors’ trust thanks to its L1 status, or can fundamentals no longer save its reputation?
#luna
Technically, Terra (LUNA) remains a Layer-1 blockchain, built on Cosmos SDK infrastructure and running its own validators.
But the market’s view of the project changed dramatically after the 2022 collapse.
On the one hand, there’s a functioning network and efforts to develop the ecosystem.
On the other, trust has been shaken, and it’s now seen as one of the riskiest assets.
What do you think: can LUNA regain investors’ trust thanks to its L1 status, or can fundamentals no longer save its reputation?
#luna