Quote from: soramon on Today at 12:31:07 PM

Quote from: Alphazet on December 04, 2023, 12:07:52 PM

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$ as it had a jump does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

I don't rule out the possibility, but in my opinion it will be difficult to become a stable stablecoin with several luna cases that have occurred recently. I don't think ustc can be a stable coin anymore because the exchange has gone bankrupt or collapsed, so it's better to buy safe usdt or usdc stablecoins

I agree with you on the possibility of the coin hitting $1 price even though its value has decreased alot in recent times and because of the crisis with the project and it should be obvious how that has affected the price of the coin in recent times and even at such also we may still have a possible scenario where the coin can get pumped to that speculated price even as that was it initial pegged price before the crisis started some time ago.
In the cryptocurrency market, one can not outrightly write off a coin even if the price has crashed multiple times, as long as there is a working project to support the coin's progress, the temporary crisis may end, and as long as the project has potential, it will be possible to progress easily by building their community trust and usage of the coin.