Terra’s CEO locations $1 million guess on LUNA’s value one yr from now

The native token of Terra community, Luna, has been performing exceptionally effectively for some time, however not everybody thinks that’ll final without end.

A Twitter person named Sensei Algod challenged anybody to a million-dollar guess that the worth of the token shall be a lot decrease a yr from now.

$1 million guess positioned on LUNA’s value efficiency

The tweet reads, “Who needs to take a $1000000 guess that $luna shall be decrease in 1 yr than now?” He additional tagged notable Terra stakeholders, together with the founder and CEO of Terra blockchain, Do Kwon.

Edited*

Who needs to take a $1000000 guess that $luna shall be cheaper price in 1 yr than now? @stablekwon @CryptoHarry_ @ZeMariaMacedo

— Sensei Algod (@AlgodTrading) March 13, 2022

Kwon has since responded and accepted the guess stating that he “would like to ask no matter your web price is and guess 90%. However perhaps that is what that’s already.”

Would like to ask no matter your web price is and guess 90%

However perhaps that is what that’s already

— Do Kwon 🌕 (@stablekwon) March 13, 2022

This guess reveals that there are nonetheless a number of sceptics who stay unconvinced with the coin. Sensei Algod additional revealed that another person in an unnamed telegram group is keen to guess six figures on the identical situations.

Algod 🤝GCR

lets get it https://t.co/fniaDxmrNH

— Sensei Algod (@AlgodTrading) March 14, 2022

Based on Sensei, he can conveniently place this guess as a result of he sees Luna as a Ponzi scheme with none potential for the long run. This was in response to a remark that he was betting towards Luna whereas additionally longing it, so he’ll make cash both method.

In describing it as a Ponzi, he defined in a Twitter thread his perception that demand for the coin would ultimately drop.

So a number of folks have seen me calling $ust/ $luna a ponzi, going to briefly clarify why:

UST maintains stability via a easy swap mechanism: 1 UST will be exchanged for 1 greenback’s price of LUNA at any time

— Sensei Algod (@AlgodTrading) February 16, 2022

Etherscan information reveals {that a} sensible contract has been created for the guess. On condition that Luna was buying and selling round $90 yesterday, the guess shall be due on March 14, 2023.

Terra has been outperforming different cash

This guess will additional put the highlight on Luna, which has been performing above expectations regardless of the bear market.

Its constructive value motion helped push it into the highest 7 largest cryptocurrencies by market cap. To place this in context, its worth elevated by 18% within the final seven days, whereas additionally rising by 76% throughout the final 30 days.

A cursory take a look at different main cryptocurrencies throughout the identical time-frame would present that none of them carried out in addition to Terra. Bitcoin, for example, has shed 8.5% of its worth throughout the final 30 days.

Different sensible contract-enabled platforms like Ethereum, Solana, and Binance-backed BNB have misplaced a median of 10% of their values.

This spectacular efficiency displays on its DeFi TVL, which is at the moment over $25 billion and second solely to that of Ethereum.