LUNA loses its grace as stablecoin – falls from top 10 to 28
The stablecoin known as LUNA has lost about 90 percent of its value after this past week loss.
According to latest news, the token price traded $87.96 before its fall. Now, it trades at $8.81; this decline came about in just a week.
LUNA is one of the cryptocurrencies meant to be stable at $1 or higher.
The latest developments has rendered the crypto almost useless.
It appears that many coins faced a huge loss due to the fall of bitcoin.