🔺️ Let's not forget $LUNC that changed the lives of many people when the Terra system collapsed in 2022, resulting in estimated losses of over 40 billion dollars. 🔺️ In May 2022, the Terra system collapsed catastrophically due to the collapse of its algorithmic stablecoin TerraUSD (UST) and the collapse of its companion coin LUNA, where UST lost its peg to the dollar and collapsed in value, resulting in nearly 45 billion dollars of market value being destroyed in a few days, causing severe losses and impacting the entire crypto market due to its reliance on a complex mechanism between the two coins to achieve price stability.
Events: 🔶️ Beginning of the collapse (May 7-9, 2022): Large amounts of UST were withdrawn from the decentralized liquidity pool (like Curve), leading to increased volatility. 🔶️ UST began to lose its peg to the dollar, as its price fell from one dollar to 35 cents within days. 🔶️ Collapse of LUNA (May 9-12, 2022):
UST relies on LUNA to maintain its stability, and when the value of UST declined, investors increased their selling of LUNA in an attempt to restore UST's peg, leading to the printing of massive amounts of LUNA (hyperinflation). Results: ■The value of LUNA collapsed from around 80 dollars to a few cents, destroying the entire system. ■Wiping out nearly 45 billion dollars of market value in cryptocurrencies. ■The Terra blockchain stopped working after the collapse.
⛔️ LUNC ⛔️ The LUNC currency is currently experiencing a state of instability; and it is likely to be known after the rebounds leading to a noticeable drop in price. $LUNC
🚀🚀🚀The JELLYJELLY coin is reaching new heights; for peak hunters, this might be the opportunity.
💥Coin Analysis 💥 In summary, the price of the Jelly My Jelly (JELLYJELLY) coin has increased by 89.93% over the past 24 hours, surpassing its gains over 7 days (+92.17%) and 30 days (+30.81%). This rise contrasts with a decrease of 2.25% in the cryptocurrency market overall.
Here are the main factors:
1. Altcoin Rotation (Positive) - Capital is shifting to meme-themed cryptocurrencies as Bitcoin dominance declines.
2. Storage Campaign (Positive) - A 36% annual rewards program has boosted short-term demand.
3. Technical Breakout (Mixed) - The price has surpassed 3 key Fibonacci levels, but the Relative Strength Index is approaching overbought territory.
👈 Summary: The JELLYJELLY coin shows upward momentum and a state of apparent optimism.
💥BTX💥 ✨️The BTX coin is currently listed on Binance Alpha ✨️ $BTX
Project of the coin: BeatSwap (BTX) is an integrated RWA protocol for intellectual property rights, verifying global intellectual property rights on the blockchain, tokenizing them, and activating them. It draws inspiration from the convergence between real-world assets (RWA) and blockchain technology, addressing critical weaknesses such as verifying ownership of intellectual property and liquidity. BTX is spreading rapidly thanks to strong support from communities of music creators and content on Web3, along with the buzz generated by key opinion leaders (KOLs) in the RWA space. The token design is likely to include incentive mechanisms to reward users for participating in the verification and trading of intellectual property, creating a self-propagating loop. Communities on platforms like X and Discord, along with viral memes comparing BTX to a "decentralized Spotify," contribute to accelerating its adoption.
🤔🤔 The AA currency is at its lowest price levels, but trading on it is very weak; the currency hardly moves from its place; are these negative indicators or is it the calm before the storm?? Please enlighten us, skilled ones, with your answers and analyses. $AA #ALPHA🔥 #AMIN_CRYPTOS
My friend Marwa, I gave her three dollars and she got so happy, oh my God, if I had a lot, I wouldn't have held back from anyone, you all know I'm generous and have a big heart. Just three dollars and look what happened to me 😂😭💔 What a scandal 🤦🏻♀️🤷🏻♀️ Oh Marwa, what have you done?
💥BTC price reacts positively to the Federal Reserve's interest rate cut 💥
👈The price of Bitcoin rose by 0.48% to reach $93,575 in the last 24 hours, supported by the first interest rate cut by the Federal Reserve since 2023, along with Asian institutional demand.
👈Interest rate cut by the Federal Reserve (positive indicator) - a 25 basis point cut weakens the US dollar and boosts high-risk assets.
👈Purchases driven by Asia (positive indicator) - trading sessions in the Asia-Pacific region alleviate selling pressures in the West.
👈Corporate accumulation (positive indicator) - a 448% increase in Bitcoin treasury bonds enhances supply.
You are burning your money due to your ignorance of the basics of trading; learn before you trade.
Mervin Renick lECg
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I need someone to help me withdraw the balance and send it like this. Please teach me about the problem because I am new to currencies, so I wanted to ask you.