Quote from: koang on December 16, 2023, 12:30:08 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 ?

USTC chance jump to 1$ again? Impossible
Terraform Labs and Do Kwon is scam, they defrauded investors

In the aftermath of a token crash attributed to an algorithm fault, USTC started to rapidly lose value
those who invested in USTC have lost most of their funds.
The market crash resulting from this incident continues to have lasting effects, with multiple attempts to revive the ecosystem proving unsuccessful.
Cryptocurrency is decentralized. So to be succesful, Crypto project need community trust.

For some reason I cannot really comprehend why there are some investors out there that have seen the crash that Terra Luna suffered, the consequences it brought to all of those that were invested in that coin, and even the consequences those that were just part of this market at the time had to pay, and they still think that we are going to forget about all of that and invest in that coin again?

They are simply dreaming with their eyes open, as the community as a whole is not going to forget about what happened, and the only fate awaiting for that coin is to disappear.