Long
USTC, from sub 0.02 to 0.05->0.1?
UST has had a bigger MCAP than LUNA prior to the depeg, and was unable to be supported as a result.
However, USTC has had an MCAP that was 5x smaller than LUNC in the past few days. With proposals to burn UST that was kept for incentives, etc. it may be easy for USTC to return to it's peg (same MCAP as LUNC), that target would be $0.1 for USTC based on the current LUNC MCAP
However, USTC has had an MCAP that was 5x smaller than LUNC in the past few days. With proposals to burn UST that was kept for incentives, etc. it may be easy for USTC to return to it's peg (same MCAP as LUNC), that target would be $0.1 for USTC based on the current LUNC MCAP
Note
Target pretty much hit 0.99...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.