Should You Really Be Investing in Crypto Right Now?
The cryptocurrency market has taken a beating over the last few months, to put it mildly. Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are both down roughly 57% since their peaks in November. Cardano has fallen by roughly 75% in that time frame, and Solana, one of the breakout stars of the crypto world, has dropped by nearly 80%.
The crypto sector has also been rocked after controversy surrounding stablecoin TerraUSD (CRYPTO: UST). After the stablecoin lost its peg to the U.S. dollar, its sister cryptocurrency Terra (CRYPTO: LUNA) lost more than 98% of its value within 24 hours.
Not only is this bad news for LUNA investors, but it has also shaken many investors' faith in all stablecoins -- and perhaps cryptocurrency, in general. If you're already invested in crypto or are considering it, is now really the right time? Here's what you need to know.
Source Fool.com
