Stargate Finance

Arbitrum

Fantom

Optimism

Avalanche

An unexpected event occurred in the price of Stargate Finance (STG), which is listed on Binance. The STG price lost 87% of its value in seconds on Binance, causing investors to panic.
STG price dropped to as low as $0.0525 but then quickly recovered to around $0.38.
Experts predict that low liquidity in the trading pair and a massive sell-off could be behind this sudden and sharp decline.
<img fetchpriority="high" decoding="async" class="alignnone wp-image-160143" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/12/STGUSDT_2024-12-02_16-01-04.png" alt="" width="627" height="622">
Experts also noted 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.
<h2 id="what-is-stargate-finance-stg">What is Stargate Finance (STG)?</h2>
Stargate Finance (STG) is a multi-chain native asset bridge designed to solve the blockchain trilemma that says no blockchain can be decentralized, secure, and fast at the same time. It does this by simplifying cross-chain DeFi transactions that allow users to transfer and exchange their 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.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/altcoin-listed-on-binance-dropped-hugely-in-seconds-heres-the-reason-for-the-drop/" rel="noopener noreferrer nofollow">Altcoin Listed on Binance Dropped Hugely in Seconds! Here's the Reason for the Drop!</a>

Altcoin Listed on Binance Dropped Hugely in Seconds! Here's the Reason for the Drop!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Dec 2, 2024

🗒 Daily Newsletter | Monday, December 02, 2024

Brazilian congressman Eros Biondini proposes a national bitcoin reserve

Qubetics Shines As Its Wallet Blows Away Investors’ Minds While Bitcoin And Chainlink Keep Rising...

Shiba Inu Lead Dev Sparks Debate Over SHIB Burn With Cryptic Post

Ripple Market Korea Sells XRP and Grows Community

2025’s Under-the-Radar Millionaire Makers? Pepe Coin, Toncoin or Emerging Blockchain Las Vegas

Join our free newsletter for daily crypto updates!