Prices of the token fell below $1

prices of the token fell below $1

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TerraUSD's price dropped below 20?, because even if it could be redeemed for an immense pile of Luna tokens hypothetically worth $1, there was. UST, a so-called stablecoin that's meant to maintain a $1 peg, plunged to as low as 26 cents Wednesday. Sister token luna has lost roughly. At one point, LUNA � priced at over $ earlier this year � fell below $1. UST fell below 30 cents for a brief time, leading to questions.
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Looking for alternatives to Nvidia? The Terra money machine collapsed almost entirely Wednesday. The fear now is that Luna Foundation Guard dumps those bitcoins onto the market, resulting in an even bigger sell-off. Young was a tech protocol reporter at CoinDesk. Stablecoins are akin to bank accounts for the crypto economy, offering a sound store of value to avoid the kind of volatility cryptocurrencies like bitcoin have become notorious for � in theory, at least.