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

Sophokles

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Quote from: niall51 on March 01, 2024, 02:08:48 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.

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, 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.

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, 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 ?

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).

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Quote from: adaseb on December 05, 2023, 01:15:33 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, 05:02:43 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, 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 ?

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, 08:07:52 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.

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Quote from: JeffBrad12 on December 19, 2023, 08:30:55 PM

Quote from: kotajikikox on December 19, 2023, 01:46:22 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 ?

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.

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Quote from: naikturun on January 14, 2024, 12:45:04 PM

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.

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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, 06:55:18 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?

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Quote from: rodskee on December 20, 2023, 03:07:43 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.

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Quote from: peter0425 on December 23, 2023, 01:49:54 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!

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Quote from: wxa7115 on December 23, 2023, 01:46:39 AM

Quote from: fullhdpixel on December 22, 2023, 11:03:02 AM

Quote from: dunfida on December 20, 2023, 05:42:54 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, 11:03:02 AM

Quote from: dunfida on December 20, 2023, 05:42:54 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, 05:42:54 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, 03:07:43 AM

Quote from: JeffBrad12 on December 19, 2023, 08:30:55 PM

Quote from: kotajikikox on December 19, 2023, 01:46:22 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 ?

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, 08:30:55 PM

Quote from: kotajikikox on December 19, 2023, 01:46:22 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 ?

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.

JeffBrad12

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Quote from: kotajikikox on December 19, 2023, 01:46:22 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 ?

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.

kotajikikox

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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 ?

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.

peter0425

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Quote from: kentrolla on December 04, 2023, 09:28:11 AM

It doesn't matter whether USTC reaches $1 again or not but what is even more important is the fact that why would we trust it once again? it's once abandoned project which made investment of thousands of people vanish like dust particles and I think it's just whales pumping and it will be rug pulled very soon by them once they pump it to a level where there coffers can be filled once again. It's a trap and just take last one week's data as example it pumped to $0.078 from $0.01 and then dropped to $0.03 and now again pumping towards $0.07. This coin can never be trust even as a shit coins nd you are asking about stable coin ?

that's is the main point , who would trust a scam project even if it so called Stable coin ? how could users be having stable trade when they are always having second though of using this coin?
so there is no need to continue this discussion because it is obvious that the Shill from terra luna team or those losers that wanted to pump this coin is in the back of it.

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Quote from: koang on December 17, 2023, 02:04:05 PM

Yep, this is insane
But unfortunately there are many people out there who believe a tremendous recovery will occur during the Bull market.
They were lulled by tweets in the name of the Lunc community which were all made up. Nostradamik verbal

If there any pump it will be big dump. No body will support Terra again.

I guess the reason some people are still investing until this day is due to the fact that they thought in the future luna could somehow got back up again, frankly speaking, its entirely different with ftx case if anyone is concerned that luna is the same as ftx, its just different with ftx there's possibility of bailing out and also recently the ftx has proposed reimbursement towards many of the victim with luna, the founder just straight up scamming and this USTC is just straight up a product of failure that shouldn't even exist anymore but it seemed some people out there are so eager to keep this coin from disappearing therefore the many investors that thinks this coin could somehow peg itself to $1 again (impossible right there)
even luna is climbing up because some random people just like to try reviving some scam coin, in my opinion this just prove that some people just outright disregard the well being of the coin they invested, not knowing fundamental just throwing away their money.

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Quote from: wxa7115 on December 16, 2023, 11:31:15 PM

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.

It won't disappear but it will eventually die because of how the community will decide on this one. Those that still up til' now that can't move on, they're hoping for something for it to happen and for the best of it. But no matter what they do, it's no longer going to be back to its former.
That's the reality with coins that have been involved with controversy and it's mostly going to remain as a meme coin because people that will buy it will not think of what they do and it's just out there for the liquidity and quick money.

koang

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Quote from: wxa7115 on December 16, 2023, 11:31:15 PM

Quote from: koang on December 16, 2023, 08:30:08 AM

~ ~ ~

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.

Yep, this is insane
But unfortunately there are many people out there who believe a tremendous recovery will occur during the Bull market.
They were lulled by tweets in the name of the Lunc community which were all made up. Nostradamik verbal

If there any pump it will be big dump. No body will support Terra again.

wxa7115

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

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.

MFahad

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Quote from: lixer on December 16, 2023, 01:09:46 PM

It was a stablecoin, but it has now become a meme coin thanks to Terra Labs and Do Kwon. I don't know how the hell they thought that they were going to create an algorithmic stablecoin and it's going to work, without it having any backing of actual assets and it will be directly connected with LUNA which was the main coin of the project which was also ruined because of USTC and it's failure. The failure of the algorithmic stablecoin caused the project to fail miserably.

What a bad time for luna team, Luna and ustc holder and whole crypto market. This bad event happened when everyone have fully trust on luna project and people were waiting when Luna will down below 50$ so they grap more token for long term. No one know that very soon luna candle will always go out. The bad strategy ruined the whole devolped project and create history for other projects to learn from it.

Quote

To be honest, I don't see any hope for USTC, LUNA, or LUNC to gain substantial value in the future. I believe they will always just be small altcoins with volatile prices that people might trade for small amounts of profit but there will barely be investors who would think of buying and holding any of them.

True, there is no future for any Luna related token. it is possible that token pump for some days just ustc are seen many times but then it will again dump to back state. 1$ is almost impossible now

lixer

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Quote from: ichsan ardi on December 07, 2023, 10:43:27 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 ?

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

It was a stablecoin, but it has now become a meme coin thanks to Terra Labs and Do Kwon. I don't know how the hell they thought that they were going to create an algorithmic stablecoin and it's going to work, without it having any backing of actual assets and it will be directly connected with LUNA which was the main coin of the project which was also ruined because of USTC and it's failure. The failure of the algorithmic stablecoin caused the project to fail miserably.

To be honest, I don't see any hope for USTC, LUNA, or LUNC to gain substantial value in the future. I believe they will always just be small altcoins with volatile prices that people might trade for small amounts of profit but there will barely be investors who would think of buying and holding any of them.

koang

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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 ?

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.

cakravothy

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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 ?

very dificult ustc can hit 1 dollar, i think imposible
if tera founder still stays and takes care of the coin, maybe there is still a possibility that it can go up.
but luna coin same founder ustc The price is also very bad, it price only 1 dollar, what's more the price of lunc is really bad.

GreatArkansas

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Quote from: slashz9 on December 08, 2023, 06:46:26 AM

I don't think that everyone has taken their money from there, so the increase we see is only due to the actions of a group of people who want to make money by doing pumps and dumps,you will see in the long run it is not good.

Yes, just like what happened in LUNA. It's now difficult to gain the trust of the people.
This stablecoin is already done as what happened in the LUNA project. The goal of this project was good but it just screwed.
I don't believe this stablecoin will go back again in $1.

JeffBrad12

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Quote from: goaldigger on December 07, 2023, 05:38:23 PM

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 ?

Lower your expectation and be more realistic, we all know what happened to this coin and we should learn from it.
Considering the supply, and the team behind this we might not be able to see the $1 price again with USTC, not unless it will be hyped by the whales again and it will be supported by many investors again, this is their only chance to pump that much, and its called manipulation for the benefits of the big investors.

getting support from investors kinda realistic, how can an investors invest in this coin if even the company behind it has fallen so therefore this coin has already lost its purpose from long ago.
moreover, $1 might be realistic but the coin would be volatile, since its not a stablecoin where it got some back up from entity behind it and got some reserve, if compared with the like of USDT its clear that USTC is just some failed product and amounts to nothing since the system already failing from day 1.
honestly at this point i'd just only have the opinion that we should just forget this coin exist, switch over to better coin that has recorded of being reliable and also have transparent reserve.
this USTC at best would just be like LUNC , it exists, it will have some pump along the way but we all know that there's no fundamental backing the coin up therefore the coin is just gonna be some random coin with no meaningful purpose to exists.

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Quote from: slashz9 on December 08, 2023, 06:46:26 AM

I don't think that everyone has taken their money from there, so the increase we see is only due to the actions of a group of people who want to make money by doing pumps and dumps,you will see in the long run it is not good.

We have investors that have solid strategy for longterm and also the one that have plans for short-term formulations of earnings. No one is perfect and making mistakes do occurred in the system on daily basis. The coin can pump to the moon, nothing is too impossible to happen in the market, as long we have the bull and bear season, accumulating profits becomes a top targets. Not all investors are desperate to withdraw their profits, most of these investors are set for long-term projects, that's were patience comes in the picture.

wxa7115

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Quote from: slashz9 on December 08, 2023, 06:46:26 AM

I don't think that everyone has taken their money from there, so the increase we see is only due to the actions of a group of people who want to make money by doing pumps and dumps,you will see in the long run it is not good.

The volume of USTC is on the high side to be manipulated by pump and dump groups, so either the whales are the ones manipulating its price or retail speculators as an aggregate have enough strength to move the price of this coin.

But whatever the case USTC has no chance at all to recover its dollar parity, as even if for some reason people forgot about what happened and kept investing in the coin, there are many people that still hold some of their coins, and if the price were to recover they will sell all their coins and make the price to drop once again, preventing the dollar parity from ever being reached.

slashz9

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I don't think that everyone has taken their money from there, so the increase we see is only due to the actions of a group of people who want to make money by doing pumps and dumps,you will see in the long run it is not good.

2Pizza410000BTC

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Quote from: SamReomo on December 07, 2023, 01:00:26 PM

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.

A USTC price of $1 would have been possible if people believed in and invested in USTC. People don't trust the USTC and don't invest to hold it long term which is why the USTC will undoubtedly never reach $1. Current pumping may be tied to the maximum pumping rate for USTC. But for those waiting to see USTC hit $1 I think the wait won't be over. But those who want to do temporary trading with USTC can trade in this case you can never hold long term. Because at any moment the USTC market may be dumping.

JeffBrad12

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Quote from: ichsan ardi on December 07, 2023, 10:43:27 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 ?

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

nothing is impossible indeed but if this USTC could ever reach $1 its because volatility and would soon either go up and down again not always stable at $1 because quite frankly speaking its impossible for it to have stable nature when there's nothing pegged to this coin, simply impossible from the technical aspect and practicality, even those stablecoin with pegged reserve are still sometime quite volatile even a little bit but with this USTC that has falling from its primary use as a stablecoin and now have absolutely no reserve anymore to peg, simply put impossible.
I mean i can understand why many people truly wish this coin to be able to reach $1 again somehow but usually a coin that stray from its purpose can be labeled shitcoin, the fundamental is too weak in my opinion

goaldigger

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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 ?

Lower your expectation and be more realistic, we all know what happened to this coin and we should learn from it.
Considering the supply, and the team behind this we might not be able to see the $1 price again with USTC, not unless it will be hyped by the whales again and it will be supported by many investors again, this is their only chance to pump that much, and its called manipulation for the benefits of the big investors.

o48o

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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 ?

Why would you even think that? Stablecoins aren't magic. You can't wish them up and stable. They need to have a mechanism. If that mechanism fails, whole system falls apart. There's no saving it.

Imagine having a currency of a imaginary country, it would be called $SCAM that would be pegged to dollars by a promise of your leader, now your country fell apart and leader goes to jail. Why would that $scam have any value? Would you believe that one day your innocent leader escapes from jail and saves the day by promising it again?

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.

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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.

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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

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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.

JeffBrad12

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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.

beerlover

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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.

milewilda

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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 ?

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, 05:28:56 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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Rexx

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, 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 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, 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 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, 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.

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, 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.

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, 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 ?

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, 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 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, 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

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, 08:07:52 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, 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 ?

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.

kentrolla

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It doesn't matter whether USTC reaches $1 again or not but what is even more important is the fact that why would we trust it once again? it's once abandoned project which made investment of thousands of people vanish like dust particles and I think it's just whales pumping and it will be rug pulled very soon by them once they pump it to a level where there coffers can be filled once again. It's a trap and just take last one week's data as example it pumped to $0.078 from $0.01 and then dropped to $0.03 and now again pumping towards $0.07. This coin can never be trust even as a shit coins nd you are asking about stable coin ?

hitsnorth

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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.

Alphazet

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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 ?

Topic: Will USTC hit 1$ again and be a stable coin ? (Read 602 times)