您现在的位置是:UST skyrockets as Terra’s 2.0 airdrop nears >>正文
UST skyrockets as Terra’s 2.0 airdrop nears
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛3人已围观
简介UST has skyrocketed over the past 24 hours. The coin is getting closer and closer to regaining its d...
UST has skyrocketed over the past 24 hours. The coin is getting closer and closer to regaining its dollar peg. The surge comes as Terra prepares for a reboot. The project is planning a major airdrop over the coming days. Here are some pointers:
UST had crashed nearly 90% against the dollar after it de-pegged
The coin has recovered and is around $0.8 on the dollar
However, UST continues to experience massive volatility for a stablecoin.
Data Source: TradingView
Will UST regain its peg?
Well, it is possible in fact, based on the recovery we have seen over the last two weeks, it won’t be a surprise if the stablecoin finally does it. But that’s not really the most critical point. Stablecoins are supposed to be “stable”. However, the kind of volatility we have seen in UST is just massive.
Even if the coin was to hit the $1 mark, it is likely to keep falling up and down for the foreseeable future. This will likely keep investors away. Also, this intermittent surge is probably driven by short-term buyers. These are typically investors who are trying to cash in on the latest Terra reboot. They will obviously take their profits, and UST will crash again.
So, while there is a real path for UST to hit $1, staying there will be an uphill task. Even if Terra manages to reboot successfully, restoring investor confidence in UST will be very hard in the near term.
How to trade UST?
The best way to trade UST is to focus on short-term volatility. There will be opportunities to buy dips and cash out. As of now, the coin is rallying and could get very close to the $1 mark.
When it does, short it. But good luck finding exchanges that are willing to process that trade. Do not hold UST for the long term unless it consolidates at $1 for a few weeks.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/21845.html
相关文章
Weekly Roundup of Cryptocurrency News 05/21/2021
UST skyrockets as Terra’s 2.0 airdrop nearsWith all the focus on the gloomy cryptocurrency market, here are other interesting stories that migh...
阅读更多
More weakness awaits Gala (GALA) as price pressure on metaverse and blockchain gaming tokens holds
UST skyrockets as Terra’s 2.0 airdrop nearsThere were some hopes that Gala (GALA)had started to show signs of recovery. However, this seems lik...
阅读更多
Ethereum Classic price prediction for June 2021
UST skyrockets as Terra’s 2.0 airdrop nearsWhile ETC has pulled lower from all-time highs, it is still up by more than 900%, outperforming Bitc...
阅读更多
热门文章
- Century Program to Help Launch Blockchain Projects in India
- XRP and Uniswap among altcoins ready to rally: Santiment
- Huobi Expands To Russia With Dedicated Crypto Trading App
- Baby Doge Coin
- ChainLink price up 3.13% to boost optimism for a bullish reversal to $10.00
- Polygon (MATIC) remains above a crucial support zone
最新文章
Circle and Coins.ph partner for USDC remittances in the Philippines
Turkish crypto exchange Thodex CEO jailed for 11,196 years
A Red Weekend For DeFi and Crypto
6.75% Of BTC Supply is Invested In Firms and Trusts
Where to buy Sanshu Inu coin after it surges in value
Bitget earmarks another $100 million for global expansion