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 ?
it's hard for me to make ustc return to 1$ you could say it takes a miracle for that to happen but nothing is impossible in cryptocurrencies but it takes a long time for that to happen and make people believe again ustc is a stable coin for everyone's transactions
nothing is impossible indeed but if this USTC could ever reach $1 its because volatility and would soon either go up and down again not always stable at $1 because quite frankly speaking its impossible for it to have stable nature when there's nothing pegged to this coin, simply impossible from the technical aspect and practicality, even those stablecoin with pegged reserve are still sometime quite volatile even a little bit but with this USTC that has falling from its primary use as a stablecoin and now have absolutely no reserve anymore to peg, simply put impossible.
I mean i can understand why many people truly wish this coin to be able to reach $1 again somehow but usually a coin that stray from its purpose can be labeled shitcoin, the fundamental is too weak in my opinion