Does anyone know if #flork will soon be listed here on the Binance exchange? It still hovers around 20M in market cap and the project looks like a guaranteed x50.
5 Reasons Why $XRP Will Hit $100 In 2025 There are 5 main reasons why it will hit $100 in 2025. 1. Elon Musk's tweet. Elon Musk has tweeted a lot about XRP, like he said that he will invest $105B. He also tweeted that Twitter's payment method will be XRP. 2. $XRP founder or CEO said that they have $1T to boost XRP. and it seems that they will invest that in 2025. Ripple CEO is active. This is a positive thing. 3. The third reason why XRP will hit $100 🎯 is related to BLACKROCK. BLACKROCK is about to invest almost $9T in XRP. If you are going to invest $9T, then it is very easy to reach $100. Tha 4. $XRP is going to be a banking payment method. This is also a plus point for XRP investors. 5. The XRP ecosystem and its use cases are great. Cryptocurrency investors are very excited to invest in XRP. This is also a reason for XRP to reach $100, because more people invest, the price will go up GO UP GO UP. Comment your opinion #TopCoinsSeptember #BecomeCreator
When it fell, I invested 10 USD and got 400, when others lose, someone wins.
Vishesh189
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🌑“The Rise and Fall of Terra (LUNA): From $119 Glory to a Historic Collapse” 🌑
🌑 In one of the most shocking events in crypto history, Terra (LUNA) rose to an all-time high of $119, only to crash to near-zero at $0.00001 in May 2022. This catastrophic collapse wiped out billions of dollars in market value, shaking the confidence of investors worldwide. Here's the full story of LUNA’s meteoric rise, devastating fall, and its rebranding to Luna Classic (LUNC).
🚀 LUNA’s Rise to Stardom
1️⃣ The Vision: Terra, created by Do Kwon and the Terra Labs team, aimed to revolutionize payments using algorithmic stablecoins. Its native token, LUNA, played a critical role in maintaining the peg of its stablecoin UST (TerraUSD). 2️⃣ Explosive Growth: By early 2022, Terra’s ecosystem had attracted billions in Total Value Locked (TVL) across DeFi platforms, with LUNA reaching $119 in April 2022. 3️⃣ Market Momentum: Strong adoption, investor confidence, and integration with major DeFi protocols propelled LUNA into the top 10 cryptocurrencies by market cap.
💥 The Catastrophic Crash
🔻 Algorithmic Failure: TerraUSD (UST), an algorithmic stablecoin, was designed to maintain a $1 peg through a burn-and-mint mechanism with LUNA. However, this system unraveled when massive withdrawals caused UST to lose its peg. 🔻 Death Spiral: As UST depegged, the mechanism flooded the market with newly minted LUNA to stabilize UST, causing hyperinflation. LUNA’s supply skyrocketed from 350 million to over 6 trillion, crashing its price to near-zero. 🔻 Investor Panic: The crash obliterated over $60 billion in combined market value of LUNA and UST within days, devastating countless investors.
🌟 The Aftermath: Birth of LUNC
1️⃣ Rebranding to LUNC: After the collapse, Terra’s blockchain was forked. The old chain was renamed Terra Classic, and its token became Luna Classic (LUNC). A new chain was launched as Terra 2.0 with the token LUNA. 2️⃣ Community Efforts: The Terra Classic community continues to work on rebuilding the chain, with initiatives like token burns to reduce LUNC’s massive supply. 3️⃣ Lessons Learned: The Terra collapse prompted scrutiny of algorithmic stablecoins and highlighted the risks of unsustainable tokenomics.
📊 Key Stats from the Collapse
ATH (LUNA): $119 in April 2022
Lowest Price: $0.00001 during the collapse
UST Depegging: Fell from $1 to as low as $0.03
Market Value Lost: Over $60 billion
🔮 Lessons for the Crypto World
1️⃣ Algorithmic Stablecoins Are Risky: UST’s failure highlighted the inherent fragility of algorithmic mechanisms without sufficient collateral. 2️⃣ Importance of Reserves: Collateral-backed stablecoins like USDC and DAI gained trust post-collapse. 3️⃣ Diversify Investments: Overexposure to one project can lead to massive losses in volatile markets.
🔥 What’s Next for LUNC and the Crypto Market?
Luna Classic remains a speculative asset, with ongoing efforts from its community to rebuild and reduce supply. However, the Terra collapse serves as a cautionary tale for crypto investors worldwide.
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