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UFOalien
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Binance ID: 943151984
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UFOalien
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#MarketCorrectionBuyOrHODL Market correction is a common factor in crypto market. After a period of big pumping, the market starts dumping again to achieve stability.
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$BNB BNB is a promising crypto currency as it is backed by Binance. Hold some BNB in launchpool and flexible earn and easily u can get some exciting reward. Now BNB is at a low price. It can be bought now
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$SHIB Shiba Inu, SHIB is a potential coin. can SHIB make anyone a Millionaire? It has that kind of ability. But in the crypto world, patience is the key to success. For short time investors, they can get a handsome profit in the next few days. Because it has a strong uptrend. For a long time Investor, holding some SHIBs worth 1000 USDT till 2030 can make you a millionaire if everything goes right. The crypto world is very much volatile. Anything good or bad can happen. DIYOR
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The sharp crash of Terra Luna Classic ($LUNC ) to $0.00001 from $118 in a single day was caused by a combination of systemic and technical failures within the Terra ecosystem, primarily in May 2022: 1. De-pegging of TerraUSD (UST): UST, an algorithmic stablecoin tied to LUNC, lost its peg to the US dollar. This instability led to a collapse in investor confidence and a rush to sell both UST and LUNC. 2. Hyperinflation of LUNC: In an attempt to stabilize UST, the Terra protocol minted a vast number of LUNC tokens, which led to a massive oversupply and further plummeted the value of LUNC. 3. Market Panic: As LUNC’s price began to fall, panic selling ensued. The combined effect of a lack of trust and systemic design flaws caused a cascade of sell-offs. 4. Algorithmic Flaws: The Terra ecosystem's reliance on algorithmic stabilization mechanisms was heavily criticized for its inability to handle extreme market pressures. This collapse resulted in billions of dollars lost across the ecosystem and severely damaged the reputation of the Terra project, serving as a cautionary tale for algorithmic stablecoins and speculative crypto markets. However the lunc is gaining it's strength. Hopefully it will give a handsome amount of profit in future. DIYOR
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Is $USUAL the next $BTC ? Usual is showing its strength in the market. Now let's see what happens by the next 5 years.
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