LUNA loses its grace as stablecoin – falls from top 10 to 28

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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.





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