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Cryptocurrency is a non-legal monetary asset based on digital technology and blockchain, possessing the functions of a medium of exchange and a store of value. Cryptocurrency is a transaction medium that uses cryptographic principles to ensure transaction security and control the creation of transaction units. Cryptocurrency is a type of digital currency (or virtual currency). Bitcoin became the first decentralized cryptocurrency in 2009, after which the term “cryptocurrency” was more commonly used to refer to such designs. Since then, several similar cryptocurrencies have been created, and they are usually referred to as altcoins. Cryptocurrency is based on a decentralized consensus mechanism, in contrast to the banking financial system that relies on a centralized regulatory system.

Shandong Gaotang Court's First Instance Judgment: Chia Coin Mining Service Contract Is Invalid

China Court Network News (Wang Xiyu and Zhu Pengfei) Recently, the Gaotang County People’s Court of Shandong Province heard a first-instance case involving a service contract dispute arising from Chia coin “mining”. It found the contract invalid according to law and ruled to reject the plaintiff’s request for the return of service fees. It is reported that this case is the first case in the city where an online “mining” contract was deemed invalid.

After trial, the court found that the plaintiff Du signed a "CHIA Technical Service Contract" with the defendant Song and the defendant company, stipulating that the defendant would provide P disk services. After the contract was signed, the plaintiff paid the service fee and the defendant provided P disk services to the plaintiff. Later, the plaintiff sued the court for a refund of all service fees because the defendant failed to complete the service within the agreed time limit.

The court held that the plaintiff signed the "CHIA Technical Service Contract" with the defendant and entrusted the defendant to provide P disk services for the purpose of participating in "mining" of the Chia coin network, which was a virtual currency-related business activity. This activity involves violations of financial security, market order, and national macro-policy, affects social and public interests, violates public order and good customs, and should be deemed invalid. Therefore, the court did not support the plaintiff’s request for the defendant to return service fees.

Judge's statement

According to Wang Ruiqi, the judge presiding over the case, illegal debts are not protected by law. The "Notice on Further Preventing and Dealing with Speculation Risks in Virtual Currency Transactions" (Yinfa [2021] No. 237) clearly states: "Virtual currency does not have the same legal status as legal currency. Virtual currency-related business activities are illegal financial activities. There are legal risks in participating in virtual currency investment and trading activities. If any legal person, unincorporated organization or natural person invests in virtual currency and related derivatives that violates public order and good customs, the relevant civil legal actions will be invalid, and the resulting losses will be borne by themselves." Here, the judge reminded everyone that production and business activities should be carried out within the scope permitted by laws and policies, and the public should consciously enhance their awareness of risk prevention and not participate in activities that affect social public interests and violate public order and good customs.

LUNA Currency Future Value Prediction And Investment Value Analysis, One Article Will Help You Understand

LUNA coin was once very popular and once became the third largest cryptocurrency in the currency circle. However, the token suffered a major crash in May last year, with the currency price falling to almost 0, causing many investors to lose their money. Although the Terra project team and its founder Do Kwon once wanted to rescue Luna, from the current point of view, the token still has not performed very well. So what is the future value of LUNA? Is it still worth investing now? Let’s take a look at the specific analysis.

LUNA Coin Price Trend in 2023_LUNA Coin Latest News_LUNA Coin Future Value Prediction

1. Forecast of the future value of luna currency

DigitalCoinPrice is more optimistic in its long-term terra coin price forecast. Based on its terra price prediction for 2030, DigitalCoinPrice predicts that the coin may trade at an average price of $12.76 that year.

Bearish view on LUNA's future. It sees the coin closing at $0.69 in 2023. The website's terra price prediction for 2025 shows that the LUNA token opened this year at $0.58, dropped to $0.56 in March, and could end at $0.57.

Finally, Wallet Investor is much more optimistic when making its LUNA price prediction. The coin could rise to $33.77 in March 2024 and be just below $155.94 in five years.

2. Does LUNA currency still have investment value?

Since the crash, the price of LUNA (currently LUNC) has continued to fall, losing almost all value. It is currently quoted at US$0.00010961, and its new currency after the fork is only US$1.24. So, does this mean that LUNA is no longer available for investment?

Not so. Although Luna Coin continues to fall, smart investors can still profit from shorting the contract. Observing the price trend of LUNA, we can see that the currency has a relatively large rise and fall and is easily affected by relevant news. Therefore, as long as we seize the time to react to the news, we can use the cryptocurrency contract to make timely choices to go long and short. In addition to using the high leverage characteristics of the contract to amplify profits, we can also use high leverage and low margin methods to effectively operate small funds for investment and capital allocation to maximize profits.

3. Why was LUNA coin so popular among investors?

Because LUNA currency requires almost no collateral and does not face the risk of centralized opacity, it quickly gained favor among the virtual currency circle. The price of LUNA currency gradually rose to over 100 US dollars, and LUNA's total market value once climbed to more than 40 billion US dollars.

Taking advantage of the rising tide of LUNA currency, the founder of Terra also launched a protocol called Anchor. As long as you deposit UST, you can get 20% annualized income, which makes LUNA currency have many enthusiastic fans. After the launch of the Anchor protocol, most UST on the market was deposited into accounts. Before the collapse of UST, nearly 75% of the issuance was deposited in Anchor. Many investors even borrowed several times the funds to deposit it.

The above is the detailed content of the future value prediction of luna currency. Does LUNA currency still have investment value? For more information about the value of luna currency, please pay attention to other related articles of Script House!

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