Above is the YouTube video expanding on this article below.
If you have watched my videos or read any of my articles, you would know by now how I am excited about the Terra (LUNA) ecosystem. I am aware that a lot you reading this article are the same way! Now our excitement is usually seen not just by our mouths, when we speak about a project but our wallets. As you know I am invested over 200 projects both in time and my finances. I wrote an article about this explaining my reasons. Feel free to read that and upvote. Even within all those projects I have some favorites.
Usually when a crash happens, is when I like to load up on Cryptos that I am interested in. Sadly the opposite happens in the space. This always amazes me. Everyone loves to get stuff on sale but when it comes to investing, the opposite always happens. People start buying when things are running up and start selling when it’s going down. It’s the buy high, sell low mentality.
Anyway, enough of my tangents! Lol! During this crash, as everything got on sale, I started looking at what to buy! I saw that Terra (LUNA) price was falling harder than a lot of projects. This did not make sense to me considering all that will be happening in a few weeks. For those that are not aware, there is an upgrade called Columbus 5 coming up in few days. This will improve the performance of the Terra blockchain and will facilitate burning of more LUNA. There is so much more to it that this simple explanation but this upgrade will be huge for the Terra (LUNA) ecosystem.
So many projects are on the sidelines waiting for this upgrade, Loop community being one of them. So when I started looking at how the price was going down, it really shocked me. I understand that because of the Anchor Protocol borrowing, some people do sell to shore or payoff their loans so they are not liquidated. I am one of those guys. It’s always interesting during these times because I have to…