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RE: Steemit Crypto Academy Contest / S1W4 – Reviewing the Instability of the Crypto Market by @steemdoctor1

in SteemitCryptoAcademy2 years ago
Certainly, Steem has a mechanism that allows it to stabilize its price in order to prevent it from going underground. Knowing this helps us avoid becoming stressed when we have a scenario with a currency falling so sharply that it gained a good position as LUNA. Unfortunately the FUD did their job. Let's hope that the development team succeeds with the measure that they will implement shortly. Good material. Thanks for sharing and good luck!
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Thanks a lot for your valuable comment. Actually, if the team does not succeed in stabilizing the TerraUSD and peg it to the dollar then it would be the end of the LUNA's era.

They are currently talking about a hard fork that would end up eliminating the UST and compensating the holders. We'll see what happens.

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