Will USTC hit 1$ again and be a stable coin ? - page 4.

milewilda

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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 ?

LUNC,USTC are making some noise lately on which there are that having that extreme hype on repegging it again back to $1 but im really that skeptical when it comes to fundamentals.
I dont heard about on Do Kwon or its founder updates in related things on why these projects did really jump into the charts. There are even rumors that Binance is backing it up knowing
that they are a supporter of this project since then plus they do really hold a huge bag both of these coins on which we can also be able to assume out that there's a probability.
People are now being that hyped but be careful when FOMO kicks in because to those people or investors who had been able to buy into those all time low would really be just simply
dumping those coins for profits on which people should really be careful with that.

God bless u

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Quote from: Venik on December 05, 2023, 04:28:56 AM

I think that the chances are really low. If you invested not much in it then keep it, if you're right you'll win big. If not - you won't lose much.

USTC is now just a meme coin and hitting 1$ required a big buying which is not possible in this world at current situation.. How one project already failed and people lost a life savings will again rise dramatically.. Anyone thinking that is just a pure dream which will remain also dream and there will be no fact in this..

USTC dumped hard and now only possiblity is to increase 2x-10x for short term which is whale push often and we should no to ve decieved by this fake pump and dump game.. We have to choose a smart project having good future to secure profit..

I agree with you for adding small fund because crypto is unexpected and pump will give fast short term profit but we have not expect big from USTC

Venik

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I think that the chances are really low. If you invested not much in it then keep it, if you're right you'll win big. If not - you won't lose much.

Cryptopyrex

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theres a massive community behind both projects and heaps of newcomers i have like 12k ustc i purchased at like 0.01 and 5mil lunc i purchased after the crash im just hodling.

lunc at #46 on cmc and ustc back in top 100 at #99 on cmc binance doing burns and big supporter of lunc is all really good news, i should probably sell at these levels but im just going to HODL Grin

if you follow the community updates and stuff theres a bunch of news about whats actually going on with the projects all the proposals and voting probably hence the pump but i dont really know whats happening at the moment

all the OG crypto guys will probably hate these projects because of what happened but i think they are good entry projects just to get a feel of the market and learn, beats buying shit coins on pancakeswap ect

NewRanger

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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.

Wahyuihib

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If you don't really need the money right now, it's better if you hold it until the price really matches what you expect. if the condition of the coin improves, it is possible that the USTC coin price of the Terra stable coin will also experience positive developments

Miles2006

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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 ?

I have not been to this board and this is the first time I am here so I a kind a stranger here. But what I can say is that there are many altcoins in the cryptocurrency market and with different names. Some them are meme coins, shitcoins and others and all are classify as altcoins and all these altcoins, it is not all that will survive, some will go up and come down again while some will not survive because the management or the developers are not ready to work again or they have gotten what they needed. Therefore the only ones which will survive in the space are the ones that the developers are active.
And because of what happened to Terra Luna, and anything that is related to it will not go far again so for USTC to hit $1 is not possible at any time soon.

bluebit25

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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 ?

It's not unusual for newcomers to choose something that is hyped in this market without really understanding much about it themselves.

I sincerely advise the OP to stop taking this risk. Have you considered the risk and are willing to accept that decision? If you are ready, then you don't need to worry too much and just wait for that goal to happen, or it will never happen. I would also agree with many people who witnessed the Luna event that it is a product of the landfill, and it is only a place left for those who are still stuck or even those who want to create hype for profit.

IMO, if you buy USTC and wait for a recovery, it is not necessary to instead spend that investment on other safe cryptocurrencies. Furthermore, what does the OP expect from a product that has lost its community? Negative reviews are always a challenge for some sort of comeback plan. So don't talk about belief without a basis, it's just confusion with fomo from surrounding news.

Elpeor00

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At this point doesn't matter if it hits 1 USD again, the way a "stablecoin" backed by volatile assets works is by the management team selling or buying more of the subjacent asset to keep their portfolio (when valued in the same fiat currency the stablecoin is pegged to) at pair with the coin circulating supply

It means the coin needs a high degree of trust put in the manager by the userbase, can be done, but ustc has already been left to sink once, there is no guarantee it will not be left to go down again in the next bear cycle

Samlucky O

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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.

Same here too. I don't think if it would hit $1 it has been pump and dump all this while. Whenever users fell that a coin has no value anymore, they start withdrawing from the project and that becomes the fall of the project. The success of any project is determined by the community. If the community is not strong, it will definitely fall. the best phrase to use is " Together we stand divided we fall"

Ben Barubal

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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.

I am not a fan of UTC, but from what I have observed and noticed in the coins that are often said to be worthless or often said by people who are not good, these coins that are bashed most of the time here in the field of crypto space suddenly increase the price value in the market.

The more altcoins are bashed like this, the more unexpected a coin like this becomes. Then I looked at his trading volume on Binance, which was unfair; it was almost close to 200 million, which in my opinion is not bad at all.

Dr.Osh

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When a project has lost the trust of investors, it will be difficult for the project to return to its normal state. even when the price goes back to $1, I'm not sure it can stay that way for long. However, USTC really disappointed quite a lot of people, especially with the case of its CEO. This makes me think that this coin will never be a stable coin again. I still wonder why this coin is still on the market since this project fell.

adaseb

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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.

wxa7115

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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 ?

Of course not, this question you are asking shows why newbies should stay away from altcoins until they gain more experience, the price of a coin and its volume is not just a number, there are real persons behind those numbers, and some people not only lost all their money when Terra Luna crashed but some even lost their lives.

And you think that can be forgotten and investors will once again put their trust on a coin that has collapsed before and that most likely will disappear soon? If that is the case, you are dreaming with your eyes open.

Publictalk792

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They are now just trapping people in the loop. And people are thinking that bothe USTC and Terra Luna will come back to the previous value. If you ask me so I will say that these both coins will never come up again. Because they are scammers. And the founder is already in jail. So I don't think so they will come back again.

Whales are just trying to accumulate profit. They are giving the indication that it will go up and make a comeback. But it will dump again and it will liquidate the traders with big amount. So I will suggest that keep away from these kind of coins and be careful.

LogitechMouse

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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 guess it's just pure luck that Terra Luna is still alive, and there are still some people who are stupidly supporting, and buying their coin for various reasons.
I mean most of the time, if a coin got hacked, or its price dropped massively like what happened to TERRA, the developers end up abandoning the project, but not for this one.

I don't see any reason why their stable coin will reach a dollar again. Not even during the bull run. The effect of what happened to them in the past is just too big that investors who experienced that one will never forget what happened to them. They'll remember that the once massive project that's been in the top 10 is now below the top 100 or even 200 already. They'll never forget the fact that they completely lost their money investing into once a very good project.

You said you bought it right? Take profits as early as possible.

poodle63

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its quite impossible honestly, USTC as we all know, lost its peg the very day terra luna also crashing, because one massive swap already drain it out of its peg, now if you think about it, most of the stablecoin out there become stable for the simple fact that they are pegged to some valuables that equivalent of $1 for each coin, therefore they become stable, but right now USTC is just floating around and have some fluctuations, there are no peg and there are no company or organization willing to give peg, honestly do you magically think that USTC could somehow be pegged to $1 with quite literally nothing as its reserve? i don't think so, it will definitely just become shitcoin floating around, a coin that exists to serve a purpose and right now has lost its purpose and its functionality, I could say its just a shitcoin and will never ever recover back to its original state of being a stablecoin because from the technical view, it requires tremendous effort and also from the business view, it will be wasting a lot of money, not to mention the foundation behind this stablecoin already gone like winds.

tjtonmoy

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Stablecoins should be stable and pegged to some stable fiat coins. It's in its name, Stable. So when USTC is now at $0.0588, does that mean that it's still a stablecoin? Of course not. And with the dump, it has made people lose faith in it. In the crypto industry, faith and trust is the only thing that keeps a project alive. Cryptocurrency is a thing that you can't see or touch. People believing in it and putting money in it makes it a success.
When the very thing that is missing in a project, how can you trust it again?

batang_bitcoin

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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

No hope. Could get some pumps but it won't be as decent as before, I'd avoid it.

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

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 think so. It's never going to be back to $1 and it won't be stable coin anymore. Despite of everyone's effort to think that this will comeback to its former. I'm not happy to cut your fun because that's what I think. If an altcoin has been into controversy and trying to get up from that and the developer of it has been caught and sued to jail, do not give too much hope on it.

cryptoaddictchie

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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 ?

Well theres no action from the team. So this pump must be from retailers and traders just for pump and dump. So there is no guaranteed of going back to $1 per each too bad that ustc becomes a token rather than its purpose as a stablecoin though. Dont expect too much on this.

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