Quote from: goaldigger on December 07, 2023, 09:38:23 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 ?

Lower your expectation and be more realistic, we all know what happened to this coin and we should learn from it.
Considering the supply, and the team behind this we might not be able to see the $1 price again with USTC, not unless it will be hyped by the whales again and it will be supported by many investors again, this is their only chance to pump that much, and its called manipulation for the benefits of the big investors.

getting support from investors kinda realistic, how can an investors invest in this coin if even the company behind it has fallen so therefore this coin has already lost its purpose from long ago.
moreover, $1 might be realistic but the coin would be volatile, since its not a stablecoin where it got some back up from entity behind it and got some reserve, if compared with the like of USDT its clear that USTC is just some failed product and amounts to nothing since the system already failing from day 1.
honestly at this point i'd just only have the opinion that we should just forget this coin exist, switch over to better coin that has recorded of being reliable and also have transparent reserve.
this USTC at best would just be like LUNC , it exists, it will have some pump along the way but we all know that there's no fundamental backing the coin up therefore the coin is just gonna be some random coin with no meaningful purpose to exists.