MultiversX Tracker is Live!

Why do I think UST will gradually reach the $1 mark?


Cryptocoins Exchanges / Binance 134 Views

The mechanism for generating UST is from minting/burning Luna. LUNA can no longer mint/burn, so temporarily UST will no longer suffer from further inflation.

Currently, Luna can't mint anymore, so UST holders don't have a cashout line for $1, if they want to exit, there is only a cut loss line through the UST/BUSD pair on Binance. And those who panic sell already did it yesterday. The person who cut loss will decrease gradually.

In this article, Do Kwon proposes to distribute 40% of the total supply of Luna v2 to UST holders. The demand from here will support the amount of UST of those who want to cut loss.

Besides, whale teams (exchanges, funds) are holding a lot of UST. Many traditional ecosystems around the world have put UST in circulation and used as a payment instrument.

Saving UST is saving the pockets of whales and these ecosystems.

Currently, the price of UST is 0.15, my view is that UST will gradually go back to level 1.

Note: this is a personal opinion, if anyone follows this statement and makes an investment decision, remember it is absolutely your money. Please take responsibility for it, if something bad happens, I am not responsible at all.

submitted by /u/CWCOfficial
[link] [comments]

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑🟑🟑 Huobi🟑 Kucoin.