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What is Titan coin?

Iron Titanium token (TITAN) is the share token of a DeFi protocol. It belongs to Iron Finance, which is a group that runs the wider IRON Stablecoin project, which aims to avoid price volatility. TITAN is tied to crypto token IRON, which is a stablecoin and is 75 percent pegged to USDC and 25 percent pegged to TITAN. Why Titan coin crashed

Why did Titan's price fall?

TITAN token’s price fell from over $60 on June 16 to a fraction over zero on June 17. This huge negative price event was triggered by panic selling by large individual investors. According to a Coindesk report, an arbitrage trade exploiting the difference between the relative prices of IRON and TITAN resulted in more TITAN coins being sold.

What is the price of Titan token?

Currently, TITAN token is trading at close to $0.0142, which is an improvement from the price it traded on June 17. However, after the crash, no firm is predicting the price to even reach $1 even in the long term let alone the $60 level it was trading at before the collapse.

Is Titan a stablecoin?

It belongs to Iron Finance, which is a group that runs the wider IRON Stablecoin project, which aims to avoid price volatility. TITAN is tied to crypto token IRON, which is a stablecoin and is 75 percent pegged to USDC and 25 percent pegged to TITAN.

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