Ok, we're talking about two things here. BTC and the crypto market is arguably leaving a bear cycle/entering a bull cycle. This is normal and predicted. Many have expected BTC to go to 24-25k and this would be the ideal time to buy. There is expected to be a leg up within the next few months-closer to end of year and that's when profits should be taken. However, Biden sucks so who knows how much this going to influence the predicted pattern.
Anchor/Terra had been attacked by bad actors. The rumor is Citadel is the culprit and now they are attacking other algorithmic stablecoins in an attempt to scare everyone into wanting regulation. 8 hours after the attack on UST, Janet Yellen makes an announcement about regulating the market. UST wouldn't have been depegged if liquidity hadn't been lowered on FTX. This is a risk for coins on centralized exchanges.
LUNA is never coming back. Do Kwon said as much. Their goal is to sacrifice LUNA to try and restore UST to the dollar. This is a lesson in diversifying assets. Globalists want you to trust and invest in BNB and BUSD. Look at their stablecoin, BUSD, it is the only stablecoin that has not experienced a spike down since all this started.
Edited to add USDC to their chosen globo approved coins.
Ok, we're talking about two things here. BTC and the crypto market is arguably leaving a bear cycle/entering a bull cycle. This is normal and predicted. Many have expected BTC to go to 24-25k and this would be the ideal time to buy. There is expected to be a leg up within the next few months-closer to end of year and that's when profits should be taken. However, Biden sucks so who knows how much this going to influence the predicted pattern.
Anchor/Terra had been attacked by bad actors. The rumor is Citadel is the culprit and now they are attacking other algorithmic stablecoins in an attempt to scare everyone into wanting regulation. 8 hours after the attack on UST, Janet Yellen makes an announcement about regulating the market. UST wouldn't have been depegged if liquidity hadn't been lowered on FTX. This is a risk for coins on centralized exchanges.
https://news.coincu.com/88043-the-crash-of-luna-and-ust/
LUNA is never coming back. Do Kwon said as much. Their goal is to sacrifice LUNA to try and restore UST to the dollar. This is a lesson in diversifying assets. Globalists want you to trust and invest in BNB and BUSD. Look at their stablecoin, BUSD, it is the only stablecoin that has not experienced a spike down since all this started.
Edited to add USDC to their chosen globo approved coins.