Will USTC hit 1$ again and be a stable coin ? - page 3.

SamReomo

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Quote from: 2Pizza410000BTC on December 07, 2023, 12:39:37 PM

I never thought USTC would be $1. People have been cheated a lot in this Luna coin scam. When this Luna platform started scamming people people left and started hating this platform. Now no matter how many updated news they bring people will never believe and invest in them. This currency will never become a stable currency if people don't trust and trade and invest. Only those who think USTC will become $1 again invest and succeed. We don't want to be cheated again by investing in these fraud coins.

There's a big community that think that USTC can repeg to $1 and that will allow Terra Luna Classic to gain value as well. Luna platform was a big failure which caused huge damage to the crypto market but still many people hope it will come back and the price of 1 Lunc (Luna Classic) can reach $1 per coin. USTC has gained some value in past few days but it's still a long way for it to reach $1 in value and I believe it won't be able to reach that value ever. I know that a huge community backs that coin but still it's not an easy thing to see a coin gaining 100x when it failed totally in past.

2Pizza410000BTC

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Quote from: Alphazet on December 04, 2023, 08:07:52 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 ?

I never thought USTC would be $1. People have been cheated a lot in this Luna coin scam. When this Luna platform started scamming people people left and started hating this platform. Now no matter how many updated news they bring people will never believe and invest in them. This currency will never become a stable currency if people don't trust and trade and invest. Only those who think USTC will become $1 again invest and succeed. We don't want to be cheated again by investing in these fraud coins.

ichsan ardi

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Quote from: Alphazet on December 04, 2023, 08:07:52 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 ?

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

GlacierBIT

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Typically, after such a decline, it will be difficult to regain investor confidence. No one expected such a turn, and, apparently, it was intentional. Periods of stability and gradual growth after a downturn may help restore confidence, but reaching the previous $1 value no longer seems possible.

barhavsky

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never! because in my opinion investor confidence has been lost with USTC, so USTC will never reach $1 and become a stable coin again, because in my opinion USTC has become a shitcoin and is not worth to buying (the risks are very big), so of course if we invest in USTC, then we just want to make our money disappear.

kevindjunaidi

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it is very difficult for the price of USTC to return $1 and be a stable coin again, so don't expect too much from USTC and I also won't trust USTC anymore, so I will never invest or even use USTC again, because in my opinion the most stable coin safe for now is USDT, so I will use USDT forever, so even though USTC will return to $1, I will still not use USTC forever, because my trust in USTC has disappeared.

Odusko

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Quote from: soramon on December 06, 2023, 08:31:07 AM

Quote from: Alphazet on December 04, 2023, 08:07:52 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 ?

I don't rule out the possibility, but in my opinion it will be difficult to become a stable stablecoin with several luna cases that have occurred recently. I don't think ustc can be a stable coin anymore because the exchange has gone bankrupt or collapsed, so it's better to buy safe usdt or usdc stablecoins

The possibility of the coin hitting $1 price even though its value has decreased alot in recent times and because of the crisis with the project and it should be obvious how that has affected the price of the coin in recent times and even at such also we may still have a possible scenario where the coin can get pumped to that speculated price even as that was it initial pegged price before the crisis started some time ago.
In the cryptocurrency market, one can not outrightly write off a coin even if the price has crashed multiple times, as long as there is a working project to support the coin's progress, the temporary crisis may end, and as long as the project has potential, it will be possible to progress easily by building their community trust and usage of the coin.

deepblue01

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it just a speculation when terra classic increase in value so their USTC rise too.
I dont think USTC will rise to 1$ again, because you and other people just bought them to dump later.
I believe buying terraclassic(LUNC) is more make sense than buying USTC in order to get profit

soramon

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Quote from: Alphazet on December 04, 2023, 08:07:52 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 ?

I don't rule out the possibility, but in my opinion it will be difficult to become a stable stablecoin with several luna cases that have occurred recently. I don't think ustc can be a stable coin anymore because the exchange has gone bankrupt or collapsed, so it's better to buy safe usdt or usdc stable coins

redsun114

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The coins are left to die by the team, LUNC, USTC, and even LUNA, they are all just available for the retail traders to trade and there isn't much involvement or developments by the team to have them revived, they did try initially, the community was doing their best to hype them up and try to make them recover their original prices, they even started a burning mechanism if I'm correct, but none of it is working so far and I don't think that the coins can recover from all that.

It's all about the supply, the coins have enormous supplies that won't let them regain their original prices or values, and no matter how much they burn, the supply will still be too large for the coins to go that high. So, don't have a lot of hope and expect the coin to regain its peg and reach $1 again, it's a dead cause.

albon

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Quote from: Sophokles on December 05, 2023, 07:19:32 PM

If it hits $1 in price then its marketcap will be around $10 billion, I think. The figure is unrealistic for a project that only has historical value. After what happens with Terra, there is no chance that it will regain its hype because there are other alternatives that are doing better. So investors won't risk their money again with a failed project. The recent price surge from Terra is because of the potential airdrop announcement of the USTC holder before the crash.

This algorithmic currency that caused massive losses for its holders shattered their capitals and contributed to the catastrophic collapse of Terra Luna, created rampant chaos and panic in the market at that time. Who can restore confidence in these currencies again? Regardless of the high risks, greedy people seeking profits will blindly invest in them without looking back or learning from the collapse. Even if USTC returns to the dollar, I am among those who cannot freeze their capital in it. As you pointed out, their project has already failed, and these currencies are still being manipulated in their prices to attract new investors who are unaware of the previous collapse and unpeg and the disastrous aftermath.

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Quote from: Nrcewker on December 05, 2023, 01:51:02 PM

Quote from: hitsnorth on December 04, 2023, 09:17:50 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.

Yes, absolutely. It has been not in the eyes or in the news for many times. So I assume it’s really hard for it to make a comeback. If it was popular then definitely there was chance, but looking currently at the situation, then it’s very tough to make a comeback and reach that price mark. Regarding stable coin, then it’s completely impossible according to my own.

USTC becoming stablecoin again without reserve to peg the coin is the most delusional think i'd never expect from any investors tbh, there's just no way a stablecoin could become a stablecoin out of price fluctuation and not because the coin itself has a reserve. USTC will just stay like this becoming the shitcoin like the day it has lost its value, it can only become stableocin again if there's someone or some company willing to shell out 10 billions to match the current total supply to make it have value of 1:1 USD but you know nobody is gonna be doing that because thats stupid decision, imagine shelling out money for coin thats already posessed by other people that'd be dumbest move ever.
therefore we need to just realize that the chance of USTC getting its value back again is near to zero, i personally don't expect it to come back to its initial valuation,its just simply impossible honeslty.

Sophokles

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Quote from: Alphazet on December 04, 2023, 08:07:52 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 ?

If it hits $1 in price then its marketcap will be around $10 billion, I think. The figure is unrealistic for a project that only has historical value. After what happens with Terra, there is no chance that it will regain its hype because there are other alternatives that are doing better. So investors won't risk their money again with a failed project. The recent price surge from Terra is because of the potential airdrop announcement of the USTC holder before the crash.

Nrcewker

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Quote from: hitsnorth on December 04, 2023, 09:17:50 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.

Yes, absolutely. It has been not in the eyes or in the news for many times. So I assume it’s really hard for it to make a comeback. If it was popular then definitely there was chance, but looking currently at the situation, then it’s very tough to make a comeback and reach that price mark. Regarding stable coin, then it’s completely impossible according to my own.

Oneandpure

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Although cryptocurrency have many unpredictable price coins in the future but I think impossible with Luna stable coins USTC will bounce to $1, they have drop drastically more than 300% price and right now many whales want to make people excited for investing in USTC after drastically pump from $0.05 to be $0.07. I think still need more than 1000% for USTC bounce back to $1 and I don't who are crazy want to buy or invest with coins have been scam and their owner under arrest right now.

Don't make your self blame with drastically up from USTC coins, they will try to get another victim and want to invest with USTC have potential will make another crashing price in the future. Better delist from your favorite coins for trading with some coins have been crashed drastically and have not trusted developer.

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Quote from: NewRanger on December 05, 2023, 04:05:40 AM

An Unexpected Rise of TerraClassicUSD (USTC) with a price increase of up to 137% I think getting there is possible but it's a bit difficult too. If you look at USTC now, the price is still around $0.053. There are many things that need to be done to restore public confidence in this currency. It is known that the level of public confidence is still minimal after the incident that happened to Luna some time ago, but will the positive trend lead to a return to positive market sentiment? Also still thinking about whether it will work the second time.

Ah, I see. So the OP needs to be grateful that his shady coin surprisingly pumped up. Being greedy to buy more and HODL longer, won't do anything good to him. If he has a potential of doing those two, then it's better if he can do that on a more legit crypto. The public's confidence might still be minimal after the incident not only to the terra projects but also the overall cryptos.

There are positive trends that are happening not only the increase of USTC. Obviously it can lead to an overall positive market sentiment but most of them are going for the legit cryptos. There might be other crypto projects/companies who fail and then they try again for the second time. Some of them might be successful, but I doubt if Terra will be one of it.

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Quote from: Alphazet on December 04, 2023, 08:07:52 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 ?

They are fake stable coins! Since the LUNA crash case, I am one of the investors who has experienced a lot of losses. What would make USTC at $0.06? Getting community support? After what Do Kwon did with his stupid idea I thought it was complete nonsense. USTC is a dead coin that will not regain the trust of the community after the devastation many investors caused them. CMIIW because I think USTC was part of that doomed LUNA project.

EarnOnVictor

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Quote from: Alphazet on December 04, 2023, 08:07:52 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 ?

Nobody knows the answer to this question unless they lie to you as usual. All that anyone can tell you is solely speculative, you can't wisely believe it especially as no fundamental or technical analysis can back it up.

The spirit of the end of the year coupled with the FOMO of halving expectations and ETF headlines and expectations is what is exciting the crypto market. This is why the dead coins seem to be coming alive, but we still need to be careful. I knew a similar thing would happen to USTC, LUNC and LUNA, but thought it was going to be a post-halving effect, so it's part of the speculative instinct.

Nonetheless, it's good you enjoy it while it lasts. If it reaches that former level, fine, but if it doesn't, don't bite yourself over it. Thankfully, you have the USTC chart in front of you on popular platforms, let it guide you on when to continue to buy and when you have to liquidate your position to avoid a second doom of the coin.

Essential10

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Quote from: Alphazet on December 04, 2023, 08:07:52 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 ?

Whether the USTC will hit $1 again is very difficult to predict. However, many algorithmic stablecoins are constantly evolving. USTC could benefit from increased adoption and liquidity if USTC developers are interested in implementing new strategies to prevent future peg losses. As more users and investors become familiar with USTC and its stabilization process, stablecoins may become more resilient to market fluctuations as well as have the opportunity to overcome USTC's past volatility and offer a reliable stablecoin alternative to users and investors.

cryptoknightt

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I think it will be very difficult because investor confidence has really been lost, unless there is someone or a group who intends to make the coin come back again, of course it will require very large capital to continue buying the existing supply until the price stabilizes again.

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