The organization behind Luna

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At that time, this coin was no longer worth $1 dollars, but in the end it was only worth 10 cents. The project was one of the top 10 cryptocurrencies in the world, and the shock wave generated by this flaw caused $1.25 trillion of cryptocurrency market cap to evaporate. This is not only becausedumped 80,000 Bitcoin on the market, but also the reactions that follow standard with this kind of violent price swings. The beauty of the underlying blockchain technology is that you can analyze all transactions worldwide.

This shows that often the youngest crypto investors (the people who have been in it the shortest) are already selling their crypto. Buy high, sell low . In addition, you see that traders who ' short' (anticipate a fall in a price) further amplify this falling effect. Also read: What photo editor can we expect from NFTs? 4 big trends Governments such as the American and European were quick to announce laws and regulations to regulate stablecoins much better. Something they announced much earlier and, for example, will already be addressed in the upcoming European.



MICAR (crypto) legislation that will come into effect next year. Still, the ECB indicated that much faster action needs to be taken on stablecoins , because people fear the major impact of cryptocurrencies on the regular financial system. 2. Making money dancing, playing sports and walking Instead of buying cryptocurrencies, you can also 'mine' them. This is validating transactions on the blockchain. But instead of using regular power for the computer to mine, the most special other models have been developed to generate energy, for example.