The future trajectory of any cryptocurrency is a combination of both internal dynamics and broader market trends. We’ve sought insights from Willemsen to shed light on the potential bullish and bearish paths for LUNA.
The Bull Case
A lot would need to change for LUNA to have a solid bullish case. Not only would it need to catch up with competitors, but it would also need to shake the distrust it has developed from investors and projects due to its past.
The token has risen from an all-time low of $US0.40 to $US1.21, a 200% gain, since October last year as the crypto markets have shown strength. While this may seem remarkable, most projects have marked similar or greater gains. Even Bitcoin, the largest crypto asset, has posted an almost 200% gain over the same period.
Willemsen says that LUNA could increase in value “if the broader crypto market enters a sustained bull run”. In such an environment, he believes…
