COINHOT – Financial analyst Ariston Tjendra said the crypto asset Terra Luna experienced a decline in value of almost 96 percent from its highest level in the range of 100 United States (US) dollars.
Ariston revealed that the price of the coin made by a crypto company from South Korea, Terraform Labs, is no longer valuable at this time, because the price has fallen badly to only zero point a few United States (US) dollars.
“Luna coin is down almost 96 percent from ever peaking at 100 US dollars. Now its value is only zero point a few US dollars, enough in the fall, ” he said quoting YouTube About Money, Sunday (22/5/2).
Meanwhile, Terra Luna had occupied the position of the top 6 largest crypto assets in the world, with a market capitalization of over 40 billion US dollars.
“Even the mock-up stamp once reached 40 billion US dollars, 6 of all in the world. So, the decline is very deep, ” said Ariston.
However, according to him, crypto assets as a whole have recently been very depressed, due to a fairly deep price drop.
“The price has decreased in all crypto assets. Especially, since the last few days this week,” he concluded.