Terra’s (LUNA-USD) 2.0 network doesn’t seem to be fooling investors this time around. It debuted in late May following the dramatic collapse of the predecessor network. But the newest iteration is proving the old maxim that ends in “fool me twice, shame on me.” In other words, investors haven’t taken the bait this time around, with prices dropping immediately following this latest offering. Prices dropped from $20 to $4 within 24 hours of the relaunch and are currently below $3 weeks later. Terr
With Bitcoin (BTC-USD) being rejected at $30,000, the crypto market is in a fragile state. Due to an economic slump, certain assets are particularly risky as the market starts falling and investors look at which cryptos to sell. Moreover, most cryptocurrencies are unregulated, and a fair chunk of those serve no utility. There are also cryptos with poor fundamentals and tokenomics that can lead to a bad outcome. As we’ve seen with Luna Classic (LUNC-USD), even some of the most significant cryptoc
The cryptocurrency industry is still a nascent and volatile market. As such, TerraUSD (UST-USD) and Terra (LUNA-USD) crashed earlier this month. Investors should have deep knowledge of the assets they invest in. Algorithmic coins and fundamental flaws of protocols can cause crashes as large investors can manipulate the price of cryptos. Source: David Sandron / Shutterstock.com TerraUSD (UST-USD) and Terra (LUNA-USD) witnessed a massive crash in their prices earlier in May. This event has written