Listed on Binance Stargate Finance (STG) An unexpected event occurred in the price. STG price lost 87% of its value in seconds on Binance, panicking investors.
STG price dropped to a low of $0.0525, then quickly recovered and rose to around $0.38.
Experts predict that low liquidity and a large selling wave in the trading pair may be behind this sudden and sharp decline.
Experts also stated that this decline in STG once again shows the importance of staying away from too much leverage and that trading without a stop-loss is risky, even in a bull market.
What is Stargate Finance (STG)?
Stargate Finance (STG) is a multi-chain native asset bridge designed to solve the blockchain trilogy that says no blockchain can be decentralized, secure and fast at the same time. It does this by simplifying cross-chain DeFi transactions, which allow users to transfer and exchange assets between different blockchains, layer-2 networks, and decentralized applications (dApps) almost instantly.
Stargate users can also move their assets between different liquidity pools on various decentralized finance (DeFi) protocols and dApps.
The protocol supports transfers between eight chains: Ethereum (ETH), Avalanche (AVAX), Polygon, Metis, BNB Chain, Arbitrum (ARB), Optimism (OP) and Fantom (FTM).
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, Twitter our account and Youtube Follow our channel now! Moreover Android ve IOS Start live price monitoring now by downloading our applications!
Source: https://www.bitcoinsistemi.com/binancete-listeli-altcoinde-saniyeler-icinde-buyuk-dusus-yasandi-iste-dususun-sebebi/
