Terra and its Siblings LUNC and USTC are on a Roller-Coaster Ride

Terra believers experience a renewed sense of confidence and relief as its prices spike suddenly

Terra LUNA's crash shook the entire cryptocurrency market and raised concerns in the global investor community about the future prospects of cryptocurrencies. Even though the market did demonstrate intense volatility at this time, the fall of the TerraUSD stablecoin was still quite unprecedented. As a result, several investors started fleeing the crypto market before being exposed to an even more volatile crypto market. Industry experts have justified the fall of the Terra due to various factors, including whales dumping their favorite tokens due to the declination in major crypto prices like Bitcoin and Ethereum, which led to widespread fear and chaos and shifts in investment sentiments. Do Kwon, the creator of the Terra ecosystem suggested several initiatives to revive the blockchain. But initially, after the huge hit from its collapse, the investor community did not wish to give Terra another chance, but yet again, it seems like Terra will truly rise from its ashes as its prices finally demonstrate the growth and changes that the buyers have been waiting for so long.

Terra has finally managed to impress investors as its prices are experiencing a sudden surge, but analysts are still skeptical about its future prospects. Before the launch of the LUNC and USTC, analysts and crypto experts had already predicted the coin, no more, has a future ahead. Hopes of quick recovery evaporated quite quickly after Kwon tangled himself in several criminal charges. The token lost more than half of its value and the new rendition of Terra was unable to compensate those properly who lost billions of dollars after the crash. Currently, it seems like not all hopes are lost for the Terra ecosystem. According to coinmarketcap, at the time of writing this article, the price of Terra LUNA has surged over US$2, indicating that certain factors in the crypto market have finally changed which has eventually led crypto investors to trust Terra LUNA once again as an investment asset.

Terra Along with Sister Tokens Struggle to Break the Price Resistance

Since the launch of the LUNA 2.0 protocol, bulls saw no signs of the crypto's prices rising again. But it seems like investors have broken this psychological barrier and fear and are once again ready to explore fallen cryptocurrencies. Analysts predict the feeling of FOMO is quite strong in the market, hence, no investor would want to miss out on the opportunity, in case, the crypto turns bullish again. If Terra's price surge is due to genuine reasons, then the forthcoming months would witness bullish price rallies which might eventually make Terra's comeback the greatest success story in the history of the crypto market.

Initially, Terra ecosystem's CEO Do Kwon was charged with corruption and malpractice which in turn hampered the reputation of the entire ecosystem. The fall of the Terra ecosystem literally waged a war between the anti-LUNA and pro-LUNA supporters. A group of anti-Terra supporters vowed to bring justice to the investors who lost billions of dollars due to this crash by the end of 2022, whereas, several Terra supporters applauded Do Kwon to step into the limelight and take responsibility for the crash, and in fact, create programs and initiatives that aimed to revive the Terra blockchain once again.

So, should you invest in Terra?

The answer to this question is quite speculative. If you are one of those investors who wish to follow the trend and invest in Terra before missing out on its future opportunities, then you might definitely aim to invest in it. But Terra is still in a quite volatile place, and so is the entire crypto market. So, before treading into these unknown waters, experts suggest professional and new investors carefully study the price movements of all cryptocurrencies and investor sentiments to avoid any drastic financial losses.