Terra LUNA crash sparks caution in crypto market. What should investors do?

livemint.com:

The crash in Terra sisters has still mind-boggled investors across the globe sparking cautions in the crypto market. Top of the house cryptos Bitcoin and Ether also faced the brunt of selling pressure in stablecoins. Terra USD gave up its peg, while its sister LUNA collapsed to zero limits. 

What should investors do?

Nischal Shetty, Co-founder and CEO at WazirX said, "The recent incident that took place concerning Luna is cautioning."

However, Shetty pointed out that any investment comes with its set of risks and crypto is no different.

To Investors, the WazirX co-founder guided that in general, investors should do their research on any tokens that they choose to invest in. They should only invest once they have enough understanding and knowledge of the particular crypto.

He added, to help them with the research, there is an abundance of information available on credible platforms that will help them understand the project associated with the token and provide token-specific reports routinely.

"Investors should do their research instead of being driven majorly by the sentiment of their peer group or FOMO," Shetty said.