In an apparent indication of renewed investor faith in a project that cost investors more than $60 billion in May this year, Terra Classic, the original token of the old Terra blockchain has gained nearly 62% in the last 24 hours. Reasons behind Terra Classic's price rise There are several causes for the dramatic increase in LUNC's price due to …
New Delhi: The cryptocurrency market is facing an unprecedented dip. Under this backdrop, CoinSwitch Kuber CEO and Co-Founder Ashish Singhal tried to quell the sudden panic among investors and said he remains “bullish about the industry's ability to innovate and create value.” Crypto crash: Why is the cryptocurrency market crashing? “The current market behaviour is a combination of several developments: …
Stablecoin terraUSD crashed from its $1 value this week, while its sister token Terra slumped more than 95% in the past five days. However, combined with the recent fall in the overall crypto market and the dumping of UST, the coin failed to stabilize and hit a low $0.60 on Tuesday. View Full Image Unstable stablecoin Can it damage the …
