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Why Investing In Terra Classic (LUNC) May Be A Bad Idea

Why Investing In Terra Classic (LUNC) May Be A Bad Idea


NewsBTC
2022-09-26 23:00:41
Why Investing In Terra Classic (LUNC) May Be A Bad Idea

The value of Terra Classic (LUNC) had plunged to below zero following the largest crash ever seen in the crypto space. The cryptocurrency had refused to ‘die’ and has instead found favor among crypto investors who are trying to make a quick buck from the highly volatile cryptocurrency. However, even with multiple pumps, investing in LUNC may not be as good an investment as some users expect due to a number of factors. Uncertainty In Terra Camp After the crash of the Terra network that caused users to lose billions of dollars, Terra founder Do Kwon and others had gone on to make another token which was airdropped to holders. But even this new cryptocurrency is having a tough go of it. Most of the issues have arisen with the case against Terra founder Do Kwon and other associates. The hunt for the founder had escalated after South Korean authorities had issued an arrest warrant for him. Even though Kwon had taken to the social media platform Twitter to ‘plead’ his case and say that he was not on the run from authorities, the South Korean authorities had countered his claim that they had been unable to reach Kwon. Related Reading: Number Of Bitcoin Addresses Sending BTC To Exchanges Continues To Drop Singaporean police had further confirmed that the Terra founder was no longer in the country, where he had moved earlier in the year. Then on Monday, September 26th, it was confirmed that the International Polic (Interpol) had issued...

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