{"id":486368,"date":"2022-03-18T19:00:51","date_gmt":"2022-03-18T19:00:51","guid":{"rendered":"https:\/\/uniquehot.com\/?p=486368"},"modified":"2022-03-18T19:00:51","modified_gmt":"2022-03-18T19:00:51","slug":"luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/","title":{"rendered":"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?"},"content":{"rendered":"<p>As the crypto market sees some relief over the past week, the price of LUNA trends to the downside. The worst performer in the top 10 by market cap, the Terra native cryptocurrency appears at risk of further downside.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading |<\/strong> <strong><a href=\"https:\/\/uniquehot.com\/news\/whats-behind-luna-rally-could-its-price-decouple-from-bitcoin\/\" target=\"_blank\" rel=\"noopener \">What\u2019s Behind LUNA\u2019s Rally, Could Its Price Decouple From Bitcoin?<\/a><\/strong><\/p>\n<p>At the time of writing, LUNA trades at $87 with a 17% loss and a 5% loss in the last week and 24-hours, respectively.<\/p>\n<figure id=\"attachment_486404\" aria-describedby=\"caption-attachment-486404\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-486404 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/03\/LUNA-LUNAUSDT.png?resize=860%2C386\" alt=\"LUNA LUNAUSDT\" width=\"860\" height=\"386\"><figcaption id=\"caption-attachment-486404\" class=\"wp-caption-text\">LUNA with moderate gains on the 4-hour chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ZVir7J9T\/?symbol=BINANCE%3ALUNAUSDT\" target=\"_blank\" rel=\"noopener nofollow\">LUNAUSDT Tradingview<\/a><\/figcaption><\/figure>\n<p>Data from Material Indicators (MI) suggest thin support for LUNA\u2019s price at its current levels. Around $83 there are around $700,000 in bids orders which could proved inefficient to prevent a fresh assault from the bears.<\/p>\n<p>In addition, Terra presents over $3 million in ask orders which could operate as major resistance as the price attempts to reclaim previous highs. As seen below, LUNA could fail to break above the selling wall around $86 due to the high amount of ask orders.<\/p>\n<figure id=\"attachment_486407\" aria-describedby=\"caption-attachment-486407\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-486407 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/03\/LUNA-LUNAUSDT-2.png?resize=860%2C233\" alt=\"LUNA LUNAUSDT\" width=\"860\" height=\"233\"><figcaption id=\"caption-attachment-486407\" class=\"wp-caption-text\">LUNA&#8217;s price (blue line) with important resistance (asks orders in yellow above price) at current levels. Source: Material Indicators<\/figcaption><\/figure>\n<p>In the price is rejected around those levels, $81 should operate as the next support levels as it records around $2 million bids.<\/p>\n<p>Additional data provided by analytics platform Nansen indicates the Terra ecosystem has seen important adoption levels. Trending upwards since 2021, the daily active address on this network stands near 35,000 and saw a small decline as the price of LUNA turned bearish.<\/p>\n<p>However, daily transactions have been moving sideways with a small uptick towards 160,000 during March 2022. This could suggest investors are onboarding the network, but with low bids for LUNA or Tera\u2019s native product.<\/p>\n<figure id=\"attachment_486405\" aria-describedby=\"caption-attachment-486405\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-486405 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/03\/LUNA-LUNAUSDT-1.png?resize=860%2C308\" alt=\"LUNA LUNAUSDT\" width=\"860\" height=\"308\"><figcaption id=\"caption-attachment-486405\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.nansen.ai\/research\/terra-more-than-stablecoins\" target=\"_blank\" rel=\"noopener nofollow\">Nansen<\/a><\/figcaption><\/figure>\n<h2>Terra (LUNA) Expands, Why Bulls Could Have The Upper hand<\/h2>\n<p>The above suggest more sideways action with potential for downside pressure in the short term. Over the long term, Terra continues to generate interest.<\/p>\n<p>Retail investors seem to be attracted to LUNA\u2019s burning mechanism tied to the network\u2019s native stablecoin UST. This digital assets also enable investors to generate a 19% APY with the Anchor Protocol.<\/p>\n<p>Rumors over the sustainability of Anchor\u2019s 19% APY have surrounded social media in recent days. Most likely driven by the bet between Do Kwon, co-founder of Terra Labs, and a pseudonym crypto trader known as Gigantic Rebirth (GCR).<\/p>\n<p>The winner will be determined by the price of LUNA. If the cryptocurrency manages to stay above $80 in one year, Do Kown will win.<\/p>\n<p>Beyond the bet and the price of this cryptocurrency, the event has cast doubt on the ecosystem. In defense of Terra, LUNA, and UST fundamentals developer Jos\u00e9 Mar\u00eda Macedo published an analysis on this network.<\/p>\n<p>UST operates as an algorithm and decentralized stablecoin. The DeFi sector has seen its fair share of this types of assets, often ending up in failure, but the Terra native stablecoin could follow its own trajectory. Macedo <a href=\"https:\/\/twitter.com\/ZeMariaMacedo\/status\/76490496\" target=\"_blank\" rel=\"noopener nofollow\">said<\/a>:<\/p>\n<blockquote><p>$UST already defied the odds by not just surviving but thriving as a pure algo stable: growing supply, keeping a tight peg and withstanding shocks such as May \u201921 What Terra achieved is truly unprecedented and few understand it (\u2026). I&#8217;m bullish not because I think there are no risks, but because I understand the tradeoffs and believe the upside more than justifies the risk. Decentralized stablecoins are a multi-trillion dollar, winner-takes-most market that $UST is best positioned to win.<\/p><\/blockquote>\n<p style=\"text-align: center\"><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/terra-surpasses-ethereum-becoming-second-most-staked-asset\/\" target=\"_blank\" rel=\"noopener \">Terra (LUNA) Surpasses Ethereum Becoming Second Most Staked Asset<\/a><\/strong><\/p>\n<p>Recently, the Anchor Protocol was deployed on top of the Avalanche network. The price seems to be positively reacting to this event, but bulls need to secure current levels as support by closing a daily candle about $86 or above.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the crypto market sees some relief over the past week, the price of LUNA trends to the downside. The worst performer in the top 10 by market cap, the Terra native cryptocurrency appears at risk of further downside. Related Reading | What\u2019s Behind LUNA\u2019s Rally, Could Its Price Decouple From Bitcoin? At the time of writing, LUNA trades at $87 with a 17% loss and a 5% loss in the last week and 24-hours, respectively. Data from Material Indicators (MI) suggest thin support for LUNA\u2019s price at its current levels. Around $83 there are around $700,000 in bids orders which could proved inefficient to prevent a fresh assault from the bears. In addition, Terra presents over $3 million in ask orders which could operate as major resistance as the price attempts to reclaim previous highs. As seen below, LUNA could fail to break above the selling wall around $86 due to the high amount of ask orders. In the price is rejected around those levels, $81 should operate as the next support levels as it records around $2 million bids. Additional data provided by analytics platform Nansen indicates the Terra ecosystem has seen important adoption levels. Trending upwards since 2021, the daily active address on this network stands near 35,000 and saw a small decline as the price of LUNA turned bearish. However, daily transactions have been moving sideways with a small uptick towards 160,000 during March 2022. This could suggest investors are onboarding the network, but with low bids for LUNA or Tera\u2019s native product. Terra (LUNA) Expands, Why Bulls Could Have The Upper hand The above suggest more sideways action with potential for downside pressure in the short term. Over the long term, Terra continues to generate interest. Retail investors seem to be attracted to LUNA\u2019s burning mechanism tied to the network\u2019s native stablecoin UST. This digital assets also enable investors to generate a 19% APY with the Anchor Protocol. Rumors over the sustainability of Anchor\u2019s 19% APY have surrounded social media in recent days. Most likely driven by the bet between Do Kwon, co-founder of Terra Labs, and a pseudonym crypto trader known as Gigantic Rebirth (GCR). The winner will be determined by the price of LUNA. If the cryptocurrency manages to stay above $80 in one year, Do Kown will win. Beyond the bet and the price of this cryptocurrency, the event has cast doubt on the ecosystem. In defense of Terra, LUNA, and UST fundamentals developer Jos\u00e9 Mar\u00eda Macedo published an analysis on this network. UST operates as an algorithm and decentralized stablecoin. The DeFi sector has seen its fair share of this types of assets, often ending up in failure, but the Terra native stablecoin could follow its own trajectory. Macedo said: $UST already defied the odds by not just surviving but thriving as a pure algo stable: growing supply, keeping a tight peg and withstanding shocks such as May \u201921 What Terra achieved is truly unprecedented and few understand it (\u2026). I&#8217;m bullish not because I think there are no risks, but because I understand the tradeoffs and believe the upside more than justifies the risk. Decentralized stablecoins are a multi-trillion dollar, winner-takes-most market that $UST is best positioned to win. Related Reading | Terra (LUNA) Surpasses Ethereum Becoming Second Most Staked Asset Recently, the Anchor Protocol was deployed on top of the Avalanche network. The price seems to be positively reacting to this event, but bulls need to secure current levels as support by closing a daily candle about $86 or above.<\/p>\n","protected":false},"author":535,"featured_media":462405,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83641,83642,65698],"class_list":["post-486368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-luna","tag-lunausdt","tag-terra"],"acf":[],"yoast_head":"\n<title>LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?<\/title>\n<meta name=\"description\" content=\"As the crypto market sees some relief over the past week, the price of Terra (LUNA) trends to the downside.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?\" \/>\n<meta property=\"og:description\" content=\"As the crypto market sees some relief over the past week, the price of Terra (LUNA) trends to the downside.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-18T19:00:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"592\" \/>\n\t<meta property=\"og:image:height\" content=\"672\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?\",\"datePublished\":\"2022-03-18T19:00:51+00:00\",\"dateModified\":\"2022-03-18T19:00:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/\"},\"wordCount\":644,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672\",\"keywords\":[\"LUNA\",\"LUNAUSDT\",\"Terra\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/\",\"url\":\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/\",\"name\":\"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672\",\"datePublished\":\"2022-03-18T19:00:51+00:00\",\"dateModified\":\"2022-03-18T19:00:51+00:00\",\"description\":\"As the crypto market sees some relief over the past week, the price of Terra (LUNA) trends to the downside.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672\",\"width\":592,\"height\":672,\"caption\":\"Image by: NASA - Unsplash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\",\"name\":\"Reynaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/uniquehot.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?","description":"As the crypto market sees some relief over the past week, the price of Terra (LUNA) trends to the downside.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/","og_locale":"en_US","og_type":"article","og_title":"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?","og_description":"As the crypto market sees some relief over the past week, the price of Terra (LUNA) trends to the downside.","og_url":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-03-18T19:00:51+00:00","og_image":[{"width":592,"height":672,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg","type":"image\/jpeg"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?","datePublished":"2022-03-18T19:00:51+00:00","dateModified":"2022-03-18T19:00:51+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/"},"wordCount":644,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672","keywords":["LUNA","LUNAUSDT","Terra"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/","url":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/","name":"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672","datePublished":"2022-03-18T19:00:51+00:00","dateModified":"2022-03-18T19:00:51+00:00","description":"As the crypto market sees some relief over the past week, the price of Terra (LUNA) trends to the downside.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672","width":592,"height":672,"caption":"Image by: NASA - Unsplash"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d","name":"Reynaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","caption":"Reynaldo Marquez"},"description":"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/uniquehot.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?","url":"http:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["luna","lunausdt","terra"],"dateCreated":"2022-03-18T19:00:51Z","datePublished":"2022-03-18T19:00:51Z","dateModified":"2022-03-18T19:00:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/luna-sees-17-loss-in-one-week-ust-de-peg-rumors-affect-its-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/LUNA-Terra-LUNAUSDT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"luna\",\"lunausdt\",\"terra\"],\"dateCreated\":\"2022-03-18T19:00:51Z\",\"datePublished\":\"2022-03-18T19:00:51Z\",\"dateModified\":\"2022-03-18T19:00:51Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/04\/LUNA-Terra-LUNAUSDT.jpg?fit=592%2C672","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/486368"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=486368"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/486368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/462405"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=486368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=486368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=486368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}