Mirror Protocol, a decentralized finance (DeFi) protocol built on the blockchain, was hit by one of the biggest crashes in financial history this week after Vladimir Putin ordered military strikes against Ukraine.
Terra Tokens Rebound The native Mirror Protocol token MIR fell to $0.993 on Feb. 24, its worst level to date amid a market-wide cryptocurrency sell-off. However, a strong rebound ensued, taking the price to a high of $1.41 two days later, an increase of more than 40% when measured from the MIR record low.
Four-hour chart of the MIR/USD pair. Source: TradingView Like the drop, MIR’s pullback to the upside followed similar rallies elsewhere in the cryptocurrency market. But interestingly, MIR/USD returns appeared higher than some highly valued digital assets, including () and Ether (ETH).
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