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Is Your Crypto Portfolio the Next Luna Crash?
I’ll be honest, the Luna crash was a real eye-opener for me. Like many others, I got caught up in the hype surrounding Terra and its stablecoin, UST. The promise of high yields through the Anchor Protocol was tempting, and I admit I didn’t do as much research as I should have.
When the whole thing came crashing down, it was a harsh reality check. In our previous post, we discussed the MAIN Reasons why LUNA Crashed to Crypto and said goodbye to $40 Billion!
Many traders I know lost a significant chunk of my investment, and it was a tough pill to swallow. But instead of dwelling on their loss, I decided to learn from it and make sure I wouldn’t repeat the same mistakes.
And I’m here to help you so you can avoid the same fate!
Here’s what I took away from the Luna Crash:
Do Your Homework
Before putting your hard-earned money into any crypto project, research is key. Don’t just follow the crowd or get swayed by promises of easy money.
Consider the following;
- Technology: Understand the underlying blockchain technology. Is it secure? Scalable? What problems is it trying to solve? A solid foundation is essential for long-term success.
- Team: Who’s behind the…
