That day I had red numbers -20k I continue with the LUNC and LUNA that I received, I have not sold them nor will I, I stand firm until victory or standing in the face of defeat.
Janni Olsson
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🔥🚨 The Unbelievable Fall of LUNC: From $119 to $0.00001 in ONE DAY! 🚨🔥
On May 7, 2022, Terra Luna Classic ($LUNC) shocked the crypto world, crashing from $119 to a mere $0.00001 in just 24 hours. How did this happen? Let’s break it down:
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💣 What Happened to LUNC?
$LUNC, part of the Terra ecosystem, was tied to its algorithmic stablecoin, TerraUSD (UST). This ecosystem was meant to be revolutionary, but a chain reaction of catastrophic events led to its collapse.
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🔍 The Reasons Behind the Crash:
1️⃣ UST Depeg Disaster UST, designed to stay pegged to $1, lost its value, triggering mass panic. With UST tied to $LUNC, the dominoes started falling fast.
2️⃣ Liquidity Meltdown Terra faced a severe liquidity crisis, making it nearly impossible for investors to sell their holdings. This scarcity fueled the price collapse.
3️⃣ Investor Panic As $LUNC’s price started to nosedive, panic set in. Investors rushed to dump their tokens, accelerating the decline in value.
4️⃣ Flawed Algorithm Critics pointed fingers at the algorithmic design of Terra's protocol. The system failed to stabilize UST, causing the collapse to spiral out of control.
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⚠️ The Aftermath:
💸 Billions Wiped Out: Investors lost fortunes in a matter of hours.
🚨 Shattered Trust: Terra’s reputation took a massive hit, leaving scars on the crypto space.
💥 A Hard Lesson: The collapse serves as a warning about the risks of algorithmic stablecoins and crypto volatility.
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🚨 What Can We Learn?
1. DYOR Always: Research the mechanics and risks behind any crypto investment.
2. Diversify Wisely: Never put all your funds into a single asset, no matter how promising it seems.
3. Be Cautious with Algorithmic Stablecoins: Their design can be innovative but also dangerously unpredictable.
A couple of days ago, I said, if you want to double your money on futures with a 5x potential, $XRP . I didn’t say it just for the sake of saying it. If you truly want to win, follow my advice: XRP to $10. Now is the time.
I entered crypto almost 13 years ago with 500 USDT without knowing anything about it, a friend told me about it. I invested in Ethereum, in futures, I didn't know how to trade, in 2 days my account was wiped, again I deposited 200 USDT, in a week I washed my account again. Then I came with 800 USDT as revenge, unfortunately the same day I was all wiped. I was like this is a scam and no one can win here so this is not for us. Then I saw some profit posts and saw 7% of people making profit, and I said to myself that if they can do it why can't I. I started looking for teachers on Youtube, Telegram etc, joined some, paid them, still got liquidated. Then a friend told me about a guy in Bandung, Indonesia who teaches crypto, somehow I contacted him but he refused to give me online classes because he only does physical classes but he referred me to someone in Asia who does that. I contacted him and he agreed to teach for 2000usdt for 2 months. Somehow I managed the money and started my class.
If you want to multiply your future by 5x, remember: the money you lose is the money someone else gains. Invest wisely; I’m sharing the insights from my 8 years of experience.
Banco Atlántida has been authorized in El Salvador as the first entity to manage and tokenize digital assets, under the Digital Assets Law in force since January 2023.
The National Commission for Digital Assets granted the license to issue and hold assets, highlighting El Salvador as a pioneer in FinTech after the adoption of Bitcoin as legal tender.
If Trump wins, his focus on deregulation and tax cuts will drive investment in cryptocurrencies, doubling the value of assets like Bitcoin and Ethereum. XRP, with its cross-border payment system, will benefit even more, achieving massive adoption and reaching a value of $10,000.
Mastercard CEO just announced that Ripple will replace Swift. Talks are already underway to use #XRPL for transactions.
$XRPL is gearing up to handle a whopping $1 trillion in #DeFi transactions, and the CTF token stands out as the only DeFi token in the top 10 on the $XRP ledger!
You are set for a major surge, skyrocketing from 0.75 $XRP to an impressive 374.25 $XRP , while maintaining a market cap of just $10 billion!
Remember, we are all free to believe or not believe, but when it goes up, don't be left wishing you had bought.
JUST IN: Ripple announces that U.S. banks will begin using $XRP for cross-border payments, improving transaction speed and lowering costs. This is a major bullish signal for the cryptocurrency market!
The bankrupt #FTXUpdate estate filed for a settlement agreement in which former Alameda Research #CEO Caroline Ellison would hand over all of her remaining assets.
This would end the #bankruptcy case against Ellison, arguing that further litigation would exhaust his resources and that handing over his assets would be equally beneficial.
$BTC is a (B)eta (T)est (C)oin released by the Gov. to gain control over every single transaction in the planet. For over a decade, It allowed the most brilliant minds and criminals organizations to exploit bugs & try to enrich themselves while ''Satoshi'' quietly refined the final product.
This allowed the organization ''Satoshi'' to take a break while developing a more sophisticated solution for global payments. #Bitcoin was a way to make the population used to the idea of ''digital money'', just like the ''pandemic'' normalised zoom meetings and working remotely, adding the extra incentive of making money.
''Satoshi'' has openly praised Ripple's technology for a reason: $XRP is the ultimate realization of Satoshi's dream for Bitcoin: a truly functioning currency.
''Ripple is interesting in that it's the only other system that does something with trust besides concentrate it into a central server'' - Satoshi
Attention all smart investors! 🚨 Elon Musk is about to integrate Ripple $XRP into his payment system on "X".
This isn't just news, it's a clear sign that $XRP is the future of cryptocurrency. If a tech visionary like Musk is betting on Ripple, why aren't you?
Now is the perfect time to buy XRP before it skyrockets! The market is in full bull run mode, and opportunities like this don't come twice. Don’t miss out—secure your share in the future of finance.
Ripple isn’t just a trend; it’s the change that’s coming.