• Today’s official blockchain halt has been at block 7567789.
• Terra Validators have stopped the network and are now working on a solution to it.
• When the network goes back online, will LUNA’s momentum continue to rise?

Terra (LUNA), troubles persist as Terra’s blockchain officially halts at block 7607789 today.

According to a post made on the project’s official Twitter (NYSE:) page, “Terra Validators have halted the network to come up with a plan to reconstitute it.”

Numerous cryptocurrency exchanges were forced to delist or suspend LUNA trading, and have also suspended withdrawals. Two notable exchanges that have stopped activity around LUNA either temporarily or indefinitely include Crypto.com and Binance – the largest cryptocurrency exchange by trading volume.

LUNA down almost 100% (Source:CoinMarketCap)

CoinMarketCap reports that the price for LUNA is now at $0.00004682. This represents a drop of 99.99%. This is a drop of 99.99%.

Source:Bitfinex. LUNA appears to have reached its lowest point at $0.021

On Bitfinex’s 4-hour chart, you can see that the price is significantly higher than what CoinMarketCap shows. Besides all this, it looks like the LUNA price has consolidated to $0.021. This comes after the downwards swing of LUNA’s price was met with a surge in buy trading volume. This resulted in the price’s slope leveling out.

Smart investors will take advantage of the opportunity to capitalize on LUNA’s low price. The coin used to be worth over $100. There is no way that the project can stay this high without all of its support.

When the network activity returns and the validators make their decision on how to move forward, it is a positive indicator that the situation will improve. The price will rise dramatically as a result. DYOR.

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