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I am still not sure if the price will stabilize at $1, of course it will experience a dump when it starts trading, unless the private sale or token sale has a price of $2

if they make the $ 2 private sale price it is very incompatible with their mission which will follow the USD price, and it does not make sense that investors will avoid investing because implementing a stable price at $ 1 will make investors suffer losses ...
and why is it impossible for them to be able to follow from like the Tether project and many other stable coins that follow the world currency price, namely USD

The cost of the Psyche token on private sale is 0.2-0.3 dollars. Therefore, if the value of the token later stabilizes at the level of $1, investors will only benefit.
In addition, the cost of the token on the ICO is not yet known, but most likely it will also be below $1.

yes for sure ico sales will be under $ 1 because the purpose of the psyche.cash project is to make tokens as stable as usdt and many other stablecoins, if you have no doubt this is the right time to invest here, and psyche.Cash needs more partnerships another

Not sure if they can really achieve the $1 target price here once they hit the exchanges. If they are selling about 20 to 30 cents to their investors, what is the assurance that they will not dump their holdings when the time comes? I am not really familiar with stablecoin based on algo and how they can really keep their price level at their target of $1 so we will see how this type of stablecoin will perform in the actual market. Maybe they will be the one project that will show us how non-backed by USD or other assets stablecoin will prosper in the market.

Of course they need strong support for the psyche.cash project so that it can become a stable coin like the others, I don't really understand how the real work mechanism is, but that is their mission.

if the coin will not backed by fiat coin or use the rebase mechanism and it's quite impossible to defend the price of coin or make it stable. It looks like the website is down right now and there's someone who has been create a thread about that too.
When the developers were selling the coin in a big discount and it's quite impossible to make it equally with the dollar's value.