May 2022 Newsletter
The crypto market has headed into a new season while the traditional financial market is fearing recession and inflation surge. Alongside mainstream the crypto sector has seen it’s share of the storm. The market cap fell from April highs of $1.9 trillion to as low as $1.2 trillion in May and holding above. The king of the cryptocurrencies Bitcoin dropped from $40k to under $30k before finding a new base. Ethereum followed the shock and went from near $3000 to under $2000.
Besides some fear among the investors and traders the biggest catalyst behind this fast crash came from Terra Luna. The cryptocoin without asset backed algorithm based stable coin saw the biggest sell-of causing price to crash from $64 to 1/100 of a penny in span of a week losing over 99% value causing investors loses around $45 billion. The panic sell-off sent ripples through the entire market causing price drops to almost every other cryptocurrency. However, as the dust settles every currency is finding a new base for it’s price. In addition to the bad press it has attracted new enthusiasts and investors to the space as well.
This brings us to TBC2’s current stage. As more and more people are becoming aware of recession risk and how to hedge against the bear market they are flocking to crypto. Recently we’ve had a big interest in TBC2 from the Spanish nations in Europe and South America. As a result the entire website has been translated to Spanish to make it easier for the communities to navigate and learn about this wonderful opportunity.
Terra Luna being one of the top 20 coins had this massive loss of value causing many investors to lose home and life savings due to their unstable formation of the entire project. TBC2 is being built strong from the ground up to never have any type of flaw. Our team is working on the rebranding with few more surprises to come that will take this project in big path to gains.
Stay strong, good things are on the way!
