Alot of the older alt coins have underperformed during this last most recent bull market cycle. Beware. They might drop like a rock during this bear market.
I am still totally fascinated by the Luna saga. But it is done. However, people are still buying it and speculating on a quick flip. Do not do it unless you are an awesome trader or plan to hold for a long time like 5+ years. Reason is it's already overvalued for what it is now. And Probably alot of developers will leave the ecosystem because of this debacle looking for greener pastures. You should too. The founders have decided to stop trying to peg UST back to a dollar and so they stopped printing Luna. This has stopped the doom loop. But it also means UST will never go back to a Dollar.
Founder Do Kwon proposes to fork the chain and start from scratch. Yay I guess? For every dollar you had in Luna, you are going to get back a fraction of a cent. Same with UST for every UST you had, you're going to get back a fraction of a cent worth of this new Luna token. Yay? The only way this might work is if they still have a good chunk of that 1.5B left. But even if they do, it's going to go pay developers to keep them on the team to add value to this new empty ghost chain... hoping that the motto if you build it they will come.... That ain't necessarily true, i don't think.
Price is the arbiter of truth and it doesn't look good for wise.
Looks like the community is leaving wise for greener pastures and the price is correspondingly suffering.
BitBoy is a slave to the YouTube algorhithm. As such he has rekt me and other crypto enthusiasts watching his channel. If you watch it, take everything he says with a grain of salt and do your own research.
In this video, i talk about the last couple of trades I have completed with Detoken.
Looks like the platform works well, and it is fun to play with. Some issues with the online wallet, can't use an offline hardware wallet. So due to this, I am not trading larger amounts.