Predictions end up becoming nothing cause there are time when many cryptocurrencies experience self bearish stage; this is when they face dip and the dip doesn't affect other cryptocurrencies. Checking out the factors that affect the bearish and bullish cycle, and mostly the factors that affect a bullish cycle is scarcity.Terra USD and Terra itself are typically example of the imaginary bearish coins.What are the factors that affect this cryptocurrencies and why does it lose value in a twinkle of a day?Maximalists and minimalist have the right to hear the right story from the Terra community.Terra lost value overnight, and some exchange platforms delisted it from their market because of the fear of Luna being a scam.The drop from the peak of $115 in months and finally to the deep of 1.2cents is totally a sign of the risk an investor can take while trading in cryptocurrencies.Meet the governance coin and lead coin of Terra ecosystem.Terra USD is lead coin in the Terra ecosystem and any single price deep or hack affects other coins and tokens in Terra blockchain. The Terra ecosystem is thereby governed by UST, predictions can't really tell maybe Terra who have to gain it feet back or end up becoming an abandoned project just like many other cryptocurrencies.
Earlier in my other article I talked about price manipulation and how it works in cryptocurrencies, in order to favor themselves, many projects' community manipulate the price by making it rise or dip and investors who have no choice but to keep their investment as a stale investment or rather hodlability or even withdraw their stakes without their initial capital lost. What is the Terra community have to say about the price of Terra and Terra USD.
The Terra community is going through a really tough stage because they lost certified, more influential and top-ranked employee after the announcement of the depegging of UST.The workers lost hope in Terra ecosystem.The master mind behind the Terra community announced that Terra is governed by UST and that where the downfall of Luna started.
The community hope to revive the Terra ecosystem by burning of large stakes of Bitcoin and other cryptocurrencies ≈ 40000 BTC and continuous staking of Terra and other coin in it blockchain in order to revive the dead UST, but this endless efforts end up as nothing.
The president of Terra ecosystem therefore brought the idea of forking Terra blockchain and creating a new coin that who carry the initial step of Terra and also to aid the pains of investors and also to support the Terra ecosystem from dying. The opinion is based on votes and these votes would end in the matter of few days, the fork who be named Terra while the other Terra would be changed to Terra classic.The Luna/Terra classic would still be under the governance of Terra USD, while Terra fork would not be governed under any stable coin.
The opinion of the community is still under consideration and the development of the fork who be announced after the votes and this fork might be the hope of Terra Lunainvestors.
Conclusion.
We can't bear the risk to lose our investment or our initial capital, but a whole community burned their capitals in cryptocurrencies just to save Terra from dying.Cryptocurrencies is becoming complicated day by day, cause the bearish cycle is somehow tough for Everyone one in the crypto-verse.
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