What the LUNA Crash Means For The Crypto Marketby@elnazsarraf

What the LUNA Crash Means For The Crypto Market

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LUNA used to be one of the biggest cryptocurrencies on the planet, but now, it’s absolutely worthless. People have collectively lost *billions* of dollars overnight, and no one really knows what this means in the long run. LUNA was The native cryptocurrency of a project called “Terra” that used decentralized stablecoins in its algorithm in order to make decentralized finance more accessible to the masses. The US Federal Reserve announced it would be increasing interest rates by half a percentage point for the first time in over 20 years.

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@elnazsarraf

Elnaz Sarraf

Founder & CEO ROYBI Robot | UniGalax Edutainment Metaverse | NFTs & Web 3.0 Enthusiast | Forbes Technology Council


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