CandleFocus Altcoin Listed on Binance Dropped Hugely in Seconds! Here's the Reason for the Drop!
2024-12-02
Author: Content Editor
The price of Stargate Finance (STG) on Binance experienced a sudden and drastic drop of 87%, causing panic among investors. The price momentarily reached as low as $0.0525 before recovering to around $0.38. Experts believe that the decline may be due to low liquidity in the trading pair and a significant sell-off. They also highlight the importance of avoiding excessive leverage and the risks associated with trading without a stop-loss, even in a bullish market. Stargate Finance is a multi-chain native asset bridge that allows for quick and simplified cross-chain DeFi transactions. It enables users to transfer and exchange assets across different blockchains and decentralized applications almost instantly. The protocol supports transfers between several chains, including Ethereum, Avalanche, Polygon, and BNB Chain, among others.
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