The crypto winter brought more devastating impacts on some crypto lending platforms. There was a lot of battling by most lending firms to evade liquidation. Their turbulent waves created distrust, loss of hope, and funds for many investors.
In the history of the crypto lending space, instability and quaking are connected to the collapse of the Terra ecosystem’s algorithmic stablecoin. This was closely followed by the fall of the LUNA token, which has metamorphosed recently to Luna Classic.
The outplay of the event catalyzed the emergence of the crypto winter that led to a massive loss of funds. This situation spread like a comprehensive fire to the entire crypto space. As a result, almost all the cryptocurrencies lost large percentages of their values from the beginning of 2022.
Some lending platforms that gave high interest received the worst blow. Three Arrows Capital (3AC) first had a fall, creating a contagion for others. Voyager Digital later followed as it declared insolvent,...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...