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Earlier today during my weekly update with our customers @koinsandkash, I shared some insights into what happened to the Crypto market last week.
As usual, I tried to break it down as much as possible.
I'm sharing this here as many people still need clarity.
#ust #luna #btc
As usual, I tried to break it down as much as possible.
I'm sharing this here as many people still need clarity.
#ust #luna #btc
This summary looks at the three main players involved - #ust, #luna and #btc
By extension, anytime btc is affected (especially negatively), most of the market reacts negatively too.
A quick summary of what went wrong in the market last week.
🧵👇🏽
By extension, anytime btc is affected (especially negatively), most of the market reacts negatively too.
A quick summary of what went wrong in the market last week.
🧵👇🏽
1. $Terrausd ($ust) is an algorithmic stablecoin that has no backing unlike usdc, usdt, busd and dai. This is a new technology that has not worked successfully however #ust was making some progress. Nonetheless it still had clear flaws.
