Trillions lost in crypto space after this happened.
On the 7 may 2022, Terra started to decline fast.
The whole world was watching as the price plummeted like crazy.
Going from around 80 USD to apron 0.01 USD in 5 days.
On this picture we see a chart with Terra price, from the last month, from CoinMarketCap
Do you think its over for Terra?
TerraUSD – The “great” stablecoin.
TerraUSD is a stablecoin. And it is supposed to have a price very very close to 1 USD, therefore
the word; STABLEcoin.
Since the 9 may 2022, this stablecoin has gone from 0.9924 USD to 0.12 USD today
Where do you think TerraUSD will go from here?
I think, that this is a crazy story to watch, and to invest in this, must be extremely risky.
I never give financial advise, but this is just my personal opinion.
Future for “ Stablecoins”?
I am not sure
Are you a fan of stablecoins?
Keep it positive
Peder Munk Antonsen