Is Mark Cuban planning to invest in Terra Luna 2.0?

Mark Cuban Rug pull titan coin

Despite its massive plunge, Terra Luna still remains a project that many market analysts focus on. In the wake of the hard fork, one of the billionaire and at the same time crypto investors was asked about potentially committing funds to Luna 2.0. The answer was emphatic.

An atmosphere full of tension

Mark Cuban is a widely known investor in traditional markets. He is also famous for his statements on crypto markets, as well as for investing a part of his wealth in Bitcoin. It is estimated that he has nearly 4.4 billion dollars in his management. Can part of these funds be invested in Luna 2.0?

Such a question was posed to Cuban and as it turns out, the answer was concise and decisive – “No”.

New deal

We recently reported that Do Kwon had decided to hard fork the Luna network and launch the LUNA 2.0 project. You can find out what the fork consisted of from the article titled:

“Learn about Do Kwon’s plans to save Terra Luna from extinction”. At the time of writing this article, the new version of Luna is already officially a working blockchain. 

Undoubtedly, the cryptocurrency world will pay a lot of attention to it. Investors, however, are divided – some suggest a great resurgence and a chance for gigantic profits, while others suggest an impending renewed disaster. What is certain is that Luna 2.0 is a test of perseverance, skill and ultimately a test of confidence in Do Kwon. Mark Cuban, however, does not seem to believe in a revival. Just as he did not believe in the first version of Luna. He has made it clear in his statements that he never invested in Terra UST or Luna itself. As he said:

“I’m not involved in it at all. I’ve never owned any of them.”

He goes on to point out that LUNA, in his eyes, has never passed the test of being a sustainable project. This aspect is something he believes is essential, for making an investment:

“Cryptocurrencies are like investing in any other business. You test to see if it’s a sustainable product or service.”

LUNA 2.0 on global exchanges

Major cryptocurrency exchanges have announced support for the new version of the Terra ecosystem. Among them are platforms such as Binance, FTX, Crypto.com, Huobi, Bitfinex, Bybit, Gate.io, Bitrue and Kucoin. Importantly, Binance has indicated that it is working closely with the Terra team on a recovery plan. With such a strong backing generated by the community, it becomes reasonable to hope for Luna to rise from the ashes. But will confidence return? It will be up to investors to decide.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news

Poloniex ready to fully resume its operations

Poloniex, one of the leading cryptocurrency exchanges, has declared its imminent resumption of operations after a recent hacking incident that resulted in gigantic outflows of funds from…
All articles loaded
No more articles to load

Learn

crypto youtubers

Top 10 English crypto Youtubers

Crypto investments often require specialized knowledge to be successful. Other times there is a need to confront our opinion with…
Stablecoins

Stablecoins

When talking about the world of cryptocurrencies, our first thoughts usually go to Bitcoin (BTC), Ethereum (ETH) and other projects…
cryptocurrency communities

Cryptocurrency communities

Successful investing in cryptocurrencies involves an interest in project development and following charts. You can learn a lot about this…
All articles loaded
No more articles to load

Analyses

All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load