Cryptocurrency Q&A
What coin went to zero?
What coin went to zero?
Giulia
Fri Sep 20 2024
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6 answers
1656
I'm curious, can you tell me which cryptocurrency specifically plummeted to zero value? It's quite a dramatic event in the crypto world, and I'm eager to learn more about it. Did this happen recently, or was it a while ago? What factors contributed to its downfall? And what lessons can we draw from this incident for the future of cryptocurrency investments?
6 answers
TeaCeremony
Sun Sep 22 2024
As a result of these developments, Binance, the leading cryptocurrency exchange globally, has taken action. Binance has temporarily delisted UST and Luna from its platform.
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SeoulSoul
Sun Sep 22 2024
This move by Binance highlights the sensitivity of the cryptocurrency market to stability issues. The delisting serves as a signal to investors to exercise caution when dealing with assets that have lost their peg or encountered network disruptions.
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Alessandra
Sun Sep 22 2024
The collapse of Luna and UST underscores the importance of thorough due diligence when investing in cryptocurrencies. Investors must carefully evaluate the fundamentals of a project, including its technical architecture and governance structure, to mitigate risks.
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CryptoKnight
Sun Sep 22 2024
The cryptocurrency Luna, tied to the TerraUSD (UST) stablecoin, has plummeted in value to $0. This steep decline has occurred due to UST losing its peg to the US dollar.
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Margherita
Sun Sep 22 2024
The Terra network, which supports Luna and UST, has encountered significant disruptions. In a 24-hour period, the network halted transaction processing twice, causing widespread concern among users.
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