LUNA and TerraUSD UST Crash – Why It Crashed and Should You Stay Away?

The cryptocurrency LUNA, has fell dramatically the past couple of days from 80$, to way below 1, $0.00005161 is the price at the current writing. Why LUNA and TerraUSD UST crashed? Their sister cryptocurrency TerraUSD UST, which was pegged with the US Dollar at 1:1 lost its peg on 9th may, and right now is priced at $0.1728. Losing the peg meant a loss in credibility and a loss in investors’ wealth and savings accounts that supposedly would have been safe. This followed up with lots of investors panicking and…

Read More