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Is it worth investing in wLUNA now that Coinbase has delisted it?

avatarMohamed GamilDec 16, 2021 · 3 years ago3 answers

With Coinbase delisting wLUNA, should I still consider investing in it? What are the potential risks and rewards associated with investing in wLUNA at this point?

Is it worth investing in wLUNA now that Coinbase has delisted it?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    As an expert in the field, I would advise caution when considering investing in wLUNA after its delisting from Coinbase. While the delisting itself may have negative implications, it's important to evaluate other factors such as the project's fundamentals, market demand, and potential partnerships. Conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
  • avatarDec 16, 2021 · 3 years ago
    Investing in wLUNA now that Coinbase has delisted it could be a risky move. The delisting may lead to decreased liquidity and trading volume, which could impact the price negatively. However, it's worth noting that wLUNA is still listed on other reputable exchanges, and the project itself has promising technology and strong community support. It's essential to weigh the potential risks and rewards before making a decision.
  • avatarDec 16, 2021 · 3 years ago
    While Coinbase's delisting of wLUNA may raise concerns, it's important to remember that the cryptocurrency market is highly dynamic. Other exchanges, such as BYDFi, still support wLUNA, which indicates that there is ongoing demand for the token. Additionally, wLUNA's underlying protocol, Terra, has gained significant traction in the decentralized finance (DeFi) space. Considering these factors, investing in wLUNA could still be a viable option for those willing to take calculated risks.