Liquity $LQTY: After reaching a high of $1.76, we return to levels below $1.5.
🔥Liquity price $LQTY peaked at $1.76 on November 2, driven by growing demand for stablecoins.
📈 Global economic uncertainty and the US Federal Reserve's decision to raise interest rates also contributed to the price increase.
📉 However, the price began to fall on November 3, today it is already around $1.45.
🚨 This drop is probably due to a general market correction, the publication of negative news about Liquity (and the lack of liquidity in the $LQTY market.
👿Overall, the rise in Liquity price over the past two weeks has been driven by the growing demand for stablecoins. However, the price drop on November 10 indicates that investors are concerned about the volatility of the cryptocurrency market and the lack of liquidity in the Liquity market.
What do you think of this price movement?