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 ?
Not sure if this is coming even in the future because who will trust Terra Luna in the first place? if you are expecting this to happen then sorry but it will not.
and also one thing , what this could do for you? are you still holding tons of this coin? sad if you do mate.
im pretty sure back in november there were pump for USTC out of the blue and it goes as high as $0.06 i guess he just get that fear of missing out and buying at peaks, honestly there's no clear and obvious way to predict a stable coin that has lost its peg its basically like we are talking about car that doesn't have engine, its existence in the first place is already useless and no it will not go back to $1 the value when the coin was still functional at best it will be pump and dump, maybe might reach $0.06 sometime but even then as the time goes, people will forget about this coin and eventually there will be no trading volume and therefore the lost of value.
i just honestly don't such think coin like this could even exist for another bullish cycle, this coin still got volatile because some people just can't move on because they already lost a lot to this coin therefore the will to kept on trading to make up for their losses.
Being an stable coin ? we cannot call this a Pump when it only grows up to 0.06 dollars when the real must value is whole dollar in which we are now sure that it is just work of teams that pushing all connection to Terra Luna to have a growth so they can cover all their losses when the scam happens lol.