Post
Topic
Board Speculation (Altcoins)
Re: Is Terra Luna bringing the whole market down?
by
Scripture
on 12/05/2022, 23:15:52 UTC
You know what's scary?
TRON and ADA are working on new algorithmic stable coins. Previously we had one and look what it's done, what will happen if we have double trouble? These new projects will have a serious reputation to build up, and whoever attacked UST won't sleep on new algo stables.
Also TETHER shows some drop as well, which supposed to be the stable coin yet its moving as well, this might be the scariest scenario in the market where most of the stable coins are dropping, so I hope no more drop like this because for sure, it can affect the whole market. Bitcoin goes below $30k again, that could be the signal of a long bear market, I hope I'm wrong because many can't really afford to see another long bear.