When it comes to these algorithmic stable coins I believe we should always be mindful of what they backed by.
Something like this should never have happened to a stable coin.
Lesson learnt for all those that were involved in this project.
I also believe regulation would be a good thing especially for stable coins.
After some careful consideration on the fundamentals and also the analysis of the waves I think it's safe to say that this Crypto is dead.
Whether you're looking at total supply or even the characters involved in its creation, there are a few things that seem off about the whole thing.
During this bear market I think it would be wise to consider doing research on projects that have true value and great network effect.
Good Luck!
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
Something like this should never have happened to a stable coin.
Lesson learnt for all those that were involved in this project.
I also believe regulation would be a good thing especially for stable coins.
After some careful consideration on the fundamentals and also the analysis of the waves I think it's safe to say that this Crypto is dead.
Whether you're looking at total supply or even the characters involved in its creation, there are a few things that seem off about the whole thing.
During this bear market I think it would be wise to consider doing research on projects that have true value and great network effect.
Good Luck!
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
