Will USTC hit 1$ again and be a stable coin ?

Sophokles

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Quote from: niall51 on March 01, 2024, 01:08:48 PM

Quote from: hitsnorth on December 04, 2023, 08:17:50 AM

I don't think that it will come back. It's been a long time, it's almost impossible to get new users, and even more impossible to gain trust from old users.

It's true that it's very difficult to build the trust of new people, let alone the trust of old people in a situation like this and the news is that USTC is very unlikely to become a stablecoin again, that's my view.

No one is talking about LUNA any more. This project lost its adoption and users. Its time to move on to a new project instead of holding some old relic. USTC will remain one of the biggest blunders in cryptographic history. FTX and LUNA were the two biggest events that prolonged the bear market and caused huge damage to the crypto community. The only way to regain USTC peg is by buy back and burn. I don't think the team has any plans to do that or that the community wants to use it again.

niall51

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Quote from: hitsnorth on December 04, 2023, 08:17:50 AM

I don't think that it will come back. It's been a long time, it's almost impossible to get new users, and even more impossible to gain trust from old users.

It's true that it's very difficult to build the trust of new people, let alone the trust of old people in a situation like this and the news is that USTC is very unlikely to become a stablecoin again, that's my view.

Boomber

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Quote from: Alphazet on December 04, 2023, 07:07:52 AM

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 ?

don't expect too much, because a project that has failed will be difficult to recovery, so my advice is just to take advantage of the moment to get a profit and don't invest in USTC for the long term, because I would never want to invest in USTC again, but if you really want to invest in USTC and hope the price can return to $1 again, then that is your right, but I only recommend you not to invest all your money in USTC (I recommend you to invest under 10% from your portfolio).

MFahad

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Quote from: adaseb on December 05, 2023, 12:15:33 AM

It won’t go to $1 because unlike tether and USDC you can’t actually cash out your USTC for $1 of real US dollars. So there is no reason to maintain the peg.

I remember many warned people not to use that stablecoin since it being backed by bitcoin is crazy since it’s very volatile. Nobody listened until it actually came crashing down and everyone lost everything they had in the stablecoin.

I don't think it was crashed just because it was backed by Bitcoin and not by Real US dollars like USDT and USDC. In fact it was not backed by Bitcoin at all. the reason for the crash was something else. USTC was pegged to 1 USD via an algorithm of burning and minting mechnisim. that was the reason it got depped. because people withdraw a lot of ustc so the system kept minting more and more and the supply extreamly got overpopulated that caused the USTC to loose it's peg.
This Medium Article Explains a lot about USTC:
https://medium.com/coinunited-io/understanding-terraclassicusd-ustc-its-potential-return-to-1-value-e384ea28cad0

TimeTeller

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Quote from: Games.Bitcoin on January 21, 2024, 04:02:43 AM

In my opinion, the USTC is unlikely to ever become a stable currency again. However, crypto is unpredictable. Yet without a backup a token never survives in the market. Currently the USTC has no real USD backup. So even if it survives for a little while, dumping will happen again at any time, because it will not be able to sustain the price.

I won't trust again to invest on this failed project. Better go for other stable coins if you want to get a hold of stable coin.
I don't know how people will trust again on this, but if you happen to try again your hands into this, better be always on the lookout, before you realize you are holding worthless coins.
So for me, don't expect that it will reach the 1$ value again, because right now, such feat is like punch in the air so to speak.

Games.Bitcoin

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In my opinion, the USTC is unlikely to ever become a stable currency again. However, crypto is unpredictable. Yet without a backup a token never survives in the market. Currently the USTC has no real USD backup. So even if it survives for a little while, dumping will happen again at any time, because it will not be able to sustain the price.

mdzahed134

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Quote from: Alphazet on December 04, 2023, 07:07:52 AM

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 ?

Terra Classic USD (USTC) will never come back it's my personal opinion because of it’s a SCAM project and most important thing is now USTC isn’t like that stable coin, it's a looks like random coin so it can be pump or more dump there are no guarantee about it's future, so i think we should stay away from this coin.

jasonjm

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Quote from: Alphazet on December 04, 2023, 07:07:52 AM

-snip- does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

These pumps are by the investors or retailers who are stuck with this token. Investors lost billions in Terra, and it is nearly impossible for the investors to trust this pathetic project again.

The team is nowhere to be seen. They scammed people, and now they are in the hiddings. As far as USTC is concerned, now it is just a token, not a stablecoin. Do not expect a 1$ price for USTC.

kotajikikox

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Quote from: JeffBrad12 on December 19, 2023, 07:30:55 PM

Quote from: kotajikikox on December 19, 2023, 12:46:22 AM

Quote from: Alphazet on December 04, 2023, 07:07:52 AM

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.

but that does not count at all mate because look how much this must value ? yet just hitting not even a cent so that's a BS to call pump instead that is desperation of those who are trapped inside or those team member that still tries to full and take investors money.
this may exist till bullish market because we cannot deny the capacity of the team behind his as they still have tons of Money to try manipulating this at least to try victimizing noob and some greed investors.

poodle63

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Quote from: naikturun on January 14, 2024, 11:45:04 AM

I think people have lost confidence in Luna and its stable coin, even though there is an increase in these 2 coins, it seems that some whales are trying to pump Luna for a short time and then sell it again.
i have seen luna and ustc rise then fall back.

when it come to luna and USTC we should be talking about gain in percentage from previous all time high I think, its apparent that the coin has lost so significantly that the current pump is just some random miniscule pump not even worth mentioning compared to the catastrophe of luna and ustc dumping back then therefore these pump aren't really a sign of USTC going to $1 again. even if it did though it will be silly, a stable coin reaching $1 without even any reserve to back it up eventually it will crumble again in the future and nobody would trust such coin to fight volatility.
after all USTC has lost its main function which is becoming stablecoin now it has kicked out from the category of stablecoin basically making it some random altcoin with artificial pump, don't ever wish it to hit $1 again because thats unlikely.

JariKriting

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USTC will never become a stable coin again. This is not possible. Moreover, USTC does not have a real USD backup, so even if it becomes a stable coin, it will be easy to collapse or be destroyed by manipulation through USTC coin dumping. Since when UST becomes USTC due to the absence of real dollar backup, when LUNA's price falls, the coin's price also falls, and UST's holders cannot maintain the price, so it follows the free fall with a very low price.

naikturun

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I think people have lost confidence in Luna and its stable coin, even though there is an increase in these 2 coins, it seems that some whales are trying to pump Luna for a short time and then sell it again.
i have seen luna and ustc rise then fall back.

tbterryboy

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Quote from: AmoreJaz on December 24, 2023, 05:55:18 PM

i don't know if people understand that any project relating to terra luna team is not a very smart choice to begin with. are you gonna wait to lose again from these scammers?

It's nothing more than a gamble now, old Terra tokens like LUNC and USTC have become meme coins that are only good for short-term trades so that one can earn a few bucks by buying and selling them within short time intervals. You can't think of buying and holding one of these coins because what happened once can happen twice as well, and I don't think that a person in their right senses would take such a risk with their money after seeing how much money their investors lost in the last incident.

That's why, it's not wise for anyone to choose to invest in these coins if they don't want to lose their hard-earned money. I don't say that you can't get profit by investing in them because they do fluctuate, but one should ask this question to themselves, is it worth taking the risk?

poodle63

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Quote from: rodskee on December 20, 2023, 02:07:43 AM

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.

right? its just measly pump and people already crazy over it saying they missed the pump that could be life turning its just some measly 0.06 dollar its not even near $1 at all.
this coin is actually done for from long ago no need to have expectation from this coin because we all know this shit coin is dying like any other shitcoin out there.
those that still trade with this coin are just the speculator that probably lost huge amount of money trying to cope with trading this coin for the sake of making up their losses but we all know that this coin will never
come back to its former state where it was flourishing and the market capitalization was massive now its only remnant of past glory and few people that can't move on.
just trade the better coin out there, ordi and solana is a prime example, had people that lost money focused more on other coin like solana investing with their remaining money they might make up their losses.

AmoreJaz

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Quote from: peter0425 on December 23, 2023, 12:49:54 AM

Shillers are part of every project that has no confidence at all , those project that had no constant plans but to take money from investors and not to serve each users.
because imagine Project like LUNA who also have tons of shill comments over the forum and out , ended like this so what more we expect in the future aside from liars and scammers?

well, lucky for most crypto users here in this forum, we already know if a certain post is just shilling or not. and besides, at the end of the day, it is your own prerogative if you will jump on this train or just observe people getting rekt.

i don't know if people understand that any project relating to terra luna team is not a very smart choice to begin with. are you gonna wait to lose again from these scammers?

hitting a dollar again for this in my opinion is very very hard to attain. i mean, let's be realistic on things here. if ever this will happen, it will be a short-lived one because only those large holders/owners will just take such opportunity and dump immediately. and for sure, there will be a steep decline where it can't recover its price anymore. so be cautious!

peter0425

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Quote from: wxa7115 on December 23, 2023, 12:46:39 AM

Quote from: fullhdpixel on December 22, 2023, 10:03:02 AM

Quote from: dunfida on December 20, 2023, 04:42:54 AM

Tons of people who had been saying on X that this coin is dead or stable coin have no chance but cant still deny that there would really be people who are shilling out about USTC and LUNC
on which we know that it isnt something new anymore when it comes into these platforms. Tons who had really that still have hopes about depegging into $1 again for USTC
and having those target on reaching out $1 which we know that it is really that unlikely or non realistic considering on the total supply of LUNC.
There's no one would really be able to know on what would happen in the future.

One things for sure that i do know about is that Binance is been holding tons of LUNC and this is why im not really that shocked that they would really be
having that kind of planning on trying out to recover considering on how much they have lost or that deep negative then it wont be shocking that they would really
be doing such thing. So it does vary on their plans in the future or wont really care at all.

Those tons of people are wasting their time and money because it's a dead cause. Even if LUNC manages to recover and go a bit high from where it is, USTC will barely be able to go to $1 again, and even for LUNC to gain value, the supply will have to drop significantly which doesn't seem to be happening even after the fact that a lot of exchanges are burning the fees collected from LUNC trades including Binance which has the highest liquidity for the token.

So, those who are hoping that these coins or tokens will make it big once again and give them huge profits are daydreaming because things like that don't happen if the technical aspects don't support the cause at all. Having a supply of trillions, LUNC will barely make it to 1 cent or even $0.001.

This just show us the low level of knowledge those people have about the market and the economy in general, as I remember I have seen threads on this forum from newbies claiming dogecoin could reach a specific price, and when I made the calculation not even all the money in the world could allow dogecoin to reach it, and this is somewhat similar.

As no one with a sound mine will invest in a coin that already ruined their investors once, and most likely it would do so again if given the opportunity.

Shillers are part of every project that has no confidence at all , those project that had no constant plans but to take money from investors and not to serve each users.
because imagine Project like LUNA who also have tons of shill comments over the forum and out , ended like this so what more we expect in the future aside from liars and scammers?

wxa7115

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Quote from: fullhdpixel on December 22, 2023, 10:03:02 AM

Quote from: dunfida on December 20, 2023, 04:42:54 AM

Tons of people who had been saying on X that this coin is dead or stable coin have no chance but cant still deny that there would really be people who are shilling out about USTC and LUNC
on which we know that it isnt something new anymore when it comes into these platforms. Tons who had really that still have hopes about depegging into $1 again for USTC
and having those target on reaching out $1 which we know that it is really that unlikely or non realistic considering on the total supply of LUNC.
There's no one would really be able to know on what would happen in the future.

One things for sure that i do know about is that Binance is been holding tons of LUNC and this is why im not really that shocked that they would really be
having that kind of planning on trying out to recover considering on how much they have lost or that deep negative then it wont be shocking that they would really
be doing such thing. So it does vary on their plans in the future or wont really care at all.

Those tons of people are wasting their time and money because it's a dead cause. Even if LUNC manages to recover and go a bit high from where it is, USTC will barely be able to go to $1 again, and even for LUNC to gain value, the supply will have to drop significantly which doesn't seem to be happening even after the fact that a lot of exchanges are burning the fees collected from LUNC trades including Binance which has the highest liquidity for the token.

So, those who are hoping that these coins or tokens will make it big once again and give them huge profits are daydreaming because things like that don't happen if the technical aspects don't support the cause at all. Having a supply of trillions, LUNC will barely make it to 1 cent or even $0.001.

This just show us the low level of knowledge those people have about the market and the economy in general, as I remember I have seen threads on this forum from newbies claiming dogecoin could reach a specific price, and when I made the calculation not even all the money in the world could allow dogecoin to reach it, and this is somewhat similar.

As no one with a sound mine will invest in a coin that already ruined their investors once, and most likely it would do so again if given the opportunity.

fullhdpixel

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Quote from: dunfida on December 20, 2023, 04:42:54 AM

Tons of people who had been saying on X that this coin is dead or stable coin have no chance but cant still deny that there would really be people who are shilling out about USTC and LUNC
on which we know that it isnt something new anymore when it comes into these platforms. Tons who had really that still have hopes about depegging into $1 again for USTC
and having those target on reaching out $1 which we know that it is really that unlikely or non realistic considering on the total supply of LUNC.
There's no one would really be able to know on what would happen in the future.

One things for sure that i do know about is that Binance is been holding tons of LUNC and this is why im not really that shocked that they would really be
having that kind of planning on trying out to recover considering on how much they have lost or that deep negative then it wont be shocking that they would really
be doing such thing. So it does vary on their plans in the future or wont really care at all.

Those tons of people are wasting their time and money because it's a dead cause. Even if LUNC manages to recover and go a bit high from where it is, USTC will barely be able to go to $1 again, and even for LUNC to gain value, the supply will have to drop significantly which doesn't seem to be happening even after the fact that a lot of exchanges are burning the fees collected from LUNC trades including Binance which has the highest liquidity for the token.

So, those who are hoping that these coins or tokens will make it big once again and give them huge profits are daydreaming because things like that don't happen if the technical aspects don't support the cause at all. Having a supply of trillions, LUNC will barely make it to 1 cent or even $0.001.

dunfida

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Quote from: rodskee on December 20, 2023, 02:07:43 AM

Quote from: JeffBrad12 on December 19, 2023, 07:30:55 PM

Quote from: kotajikikox on December 19, 2023, 12:46:22 AM

Quote from: Alphazet on December 04, 2023, 07:07:52 AM

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.

Tons of people who had been saying on X that this coin is dead or stable coin have no chance but cant still deny that there would really be people who are shilling out about USTC and LUNC
on which we know that it isnt something new anymore when it comes into these platforms. Tons who had really that still have hopes about depegging into $1 again for USTC
and having those target on reaching out $1 which we know that it is really that unlikely or non realistic considering on the total supply of LUNC.
There's no one would really be able to know on what would happen in the future.

One things for sure that i do know about is that Binance is been holding tons of LUNC and this is why im not really that shocked that they would really be
having that kind of planning on trying out to recover considering on how much they have lost or that deep negative then it wont be shocking that they would really
be doing such thing. So it does vary on their plans in the future or wont really care at all.

rodskee

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Quote from: JeffBrad12 on December 19, 2023, 07:30:55 PM

Quote from: kotajikikox on December 19, 2023, 12:46:22 AM

Quote from: Alphazet on December 04, 2023, 07:07:52 AM

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.

Topic: Will USTC hit 1$ again and be a stable coin ? (Read 667 times)