MultiversX / USD Coin

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MultiversX / USD Coin discussion

EGLDUSDT.P EGLDUSDT EGLDUSDC --- UUSH, the stable coin being developed by Hatom will be launching later this year. The injection of this liquidity into the MvX ecosystem will likely move prices higher. How much is debatable, but the opportunity for cross chain DeFi that Hatom is developing along with their new stable coin that can be minted using EGLD as collateral is likely to push the price of EGLD higher. EGLD will easilly go back up over $30, and will likely push to at least the recent highs in the mid $70's range from Dec and March of this past year. That represents a potential 3X from the current price. Down side risk is a drop to the current supply zone which is around $21-23 if a black swan occurs and BTC and the rest of the market collapses. Oct-Dec are seasonally bullish though for Crypto so I exepect the prices to rise.