Although there are many exciting developments in the cryptocurrency space quite frequently, it is not every day that we see someone bet a million dollars on whether the price of a coin would be higher or lower than it is today. Well, that’s exactly what happened hours ago.
A well-known member of the cryptocurrency community who goes by the Twitter handle AglodTrading said yesterday that he is willing to bet $1,000,000 on anyone that the LUNA price will be lower than it is in 1 year.
— Sensei Algod (@AlgodTrading) March 13, 2022
And while it might seem like a lot of money to gamble on such a bet, it didn’t take long for Terra’s founder Do Kwon to accept it.
cool i’m in
— Do Kwon 🌕 (@stablekwon) March 13, 2022
Kwon also proposed placing a bet that UST will not disengage at the same time next year, even offering odds of 2:1. It does not appear that his last bet has been placed at the time of writing this article. Both parties agreed to the following terms of the bet:
-Cobie receives 1M USDT from us each
-The same day next year, if the price of LUNA as reported by coingecko is higher than 88? He gives me the MOON, if not, he gives it to you
They agreed that the 24-hour average price of LUNA on March 14, 2023 would be the deciding factor. The money has already been sent, and the address can be tracked here.
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This post Will the price of LUNA be higher or lower in a year?
was published first on https://cryptopotato.com/the-1-million-bet-will-lunas-price-be-higher-or-lower-in-a-year/