Binance crypto exchange has announced that it resumed spot trading for LUNA/BUSD and UST/BUSD trading pairs. Starting today, 14:00 (UTC), the exchange has recommenced spot trading. Additionally, deposits and withdrawals for LUNA and UST will also be unbolted simultaneously with the trading.
LUNA actually shook me and obviously the entire crypto world when its price value plummeted to a worse stage. As of now, LUNA is registered at a price of $0.00005108, with a nearly 99% downtick. Along with the latest market dip that had seen many tokens like FTM, ALGO, ZTX and MATIC experience lowest prices since 2021. LUNA on the other hand has crashed massively during the last couple of days. From an all-time high of around $119, LUNA crashed down to the above-mentioned price at the moment of writing this article. The price demise of LUNA was accompanied with the stablecoin TerraUSD crash, which went down to $0.1 at the current moment. One might argue that the crash of TerraUSD led LUNA to fall to unimaginable lows. Yet with all that happening during the last week, LUNA seems to be recovering. Do Kwon, the founder of Terraform Labs, announced its recovery plans in a series of tweets. Yes it's a dead coin but being at its lowest, wouldn't it be worth the risk to throw in some few $ and see what happens?
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