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The current crypto crash has been trending for days now.
With Bitcoin dipping to a low of $24,000 from the $45,000 price it was trading at just a few days earlier, it has been doom and gloom for the cryptoverse.
More so when the algorithmic stable coin UST lost its peg against the dollar. And its sister coin Terra Luna crashed 99% in just a few hours leaving it worth cents from its $100 price.
This resulted in the suspension of trades of the two coins on Binance as the Terra team attempted to figure out a solution for the huge mess.
A few hours later, after coming up with internal solutions in the meantime, trading of the coins was reinstated on Binance.
Magic!
Since then Luna has been doing magic!
As per the screenshot, taken today 14/05/2022, you can see so far, it has done a 1400% rise in the past 24 hrs. And the trend is bullish at the moment so it might keep rising!
When I read a notification from Binance that trading Luna had been reinstated on the platform, I was sceptical at first. Because of this, I…
