What the Crypto Meltdown Means for Latecomers

After stablecoin Terra USD (UST) and its sister token Luna both crashed last week, investors and founders are regrouping to wrap their heads around the longer term fallout. 

Sure, the stablecoin fiasco helped fuel a broader selloff that everyone saw front and center; the market cap of all cryptocurrencies is less than $1.3 trillion, down almost $400 billion from two weeks ago before the most recent UST depegging began. And many investors are pointing to last week’s crash as confirmation that the slide in token prices that began in November will persist—and could take at least 12-18 months to recover from.