Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: sirty143 on May 11, 2022, 06:16:39 PM

Title: Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Acr
Post by: sirty143 on May 11, 2022, 06:16:39 PM
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy


(https://i.imgur.com/ZCY4DC0m.jpg)

During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value... See more for yourself here (https://news.bitcoin.com/stablecoin-implosion-luna-and-ust-lose-significant-value-downturn-ripples-across-the-crypto-economy/).

Your opinion is greatly appreciated.
Title: Re: Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Acr
Post by: hasyurt on June 10, 2022, 09:38:37 AM
It dealt a serious blow to Luna and the upper markets. After the Fed increased interest rates, while the markets were going up, Luna's actions were officially suicide in the name of cryptocurrencies. I think confidence in the cryptocurrency market has waned. It seems that there is not much inflow of new money at the moment. There were people who lost a lot of money. If there will be money inflow again, they must take altcoins to serious places. Nobody wants to invest in a place where a lot of people lose money.