Cryptocurrency Q&A
Why did Terra drop?
Why did Terra drop?
PulseWind
Mon Nov 25 2024
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5 answers
1214
Recently, I noticed a significant price drop in Terra. I'm wondering what caused this sudden decline. Could it be market volatility, negative news, or some other factors affecting investor confidence? I'd like to understand the reasons behind this price movement.
5 answers
CryptoQueen
Wed Nov 27 2024
BTCC, a leading cryptocurrency exchange, offers a diverse range of services including spot trading, futures contracts, and secure wallet solutions.
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BitcoinBaron
Wed Nov 27 2024
The outcome of our analysis indicates that the recent market turmoil was not orchestrated by a solitary entity aiming to manipulate the market.
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ZenHarmony
Wed Nov 27 2024
Instead, the root cause seems to be the mounting apprehension regarding the long-term viability of the existing financial system.
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Ilaria
Wed Nov 27 2024
A crucial factor in the collapse was Terra's algorithmic stablecoin, UST, which played a pivotal role in the events that unfolded.
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Marco
Wed Nov 27 2024
Alongside UST, a blockchain-based borrowing and lending protocol named Anchor was also at the heart of the crisis.
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