Emirates has announced that it will be adding bitcoin as a payment option for customers. The company also plans on implementing NFTs (non fungible tokens) onto their website
In case you haven't heard, Terra (Luna) is going through a bit of a price crash. The value of the currency has fallen by more than 90% in the past 24 hours, and many people are wondering what's going on.
In this article, we will talk about the reasons for the price crash and what it means for investors and users of Terra(Luna). We will also give our thoughts on the future of Terra (Luna) and how to best prepare for these changes.
As of late, there has been an alarmingly concerning decline in the price and ranking for one cryptocurrency: Terra. This token used to be a constant among some top 10 coins on CoinMarketCap until recently but now sits at 37th place with just over $900 million USD market capitalization remaining alive
Why did LUNA crash?
There are a few reasons for the Terra(Luna) price crash. First, Crypto exchange Binance temporarily stopped withdrawal for UST and LUNA leading to a cascading effect on prices both cryptos experienced today.
The recent Fall of Stablecoins has highlighted the problems with algorithmic-based stable coins.
Second, there has been a lot of negative press surrounding Terra(Luna) recently. Finally, the overall market for cryptocurrency has been very bearish recently.
What is the future of this token?
This currency is still relatively new and volatile. It's possible that the price could rebound in the future.
The Terra team has also mentioned some recovery plans .
Best Places to Buy Terra (Luna)
The following brokers and exchanges platforms are highly rated, recognised worldwide, and safe to use:
1. eToro – Register here
2. Binance- Register here
Your capital is at risk