Today, I will share a bit of my view on $USUAL . A project that I bought from the very first day of pre-market at a price of 0.3 USD, then averaged down to about 0.25 USD. Here are some of my observations:
1. About the current price trend
In my opinion, USUAL is still maintaining a very strong upward trend for many days, despite the small release from the airdrop. This shows that buying power is very strong in the long term (according to the law of supply and demand).
2. About the project's potential
You can see that although USUAL has only been listed for about 5 days, its USD0 is currently in the top 6 in the stablecoin market share. And surely today or tomorrow, USD0 will surpass FDUSD and rank in the top 5. Regarding FDUSD, you can see that it has existed quite a long time and is backed by Binance through various Launchpool rounds. Therefore, the fact that USUAL has been listed for about 5 days but its USD0 stands in the top 5 stablecoin market share will be a bright spot. This will help you evaluate the potential of USUAL in the future. Bonus, today there is news of collaboration with Kinza Finance, indicating the beginning of a development signal.
3. About the current price
Currently, I am comparing USUAL with ONDO and SKY (Maker rebranded). Compared to ONDO, USUAL has double the TVL, but compared to MakerDAO, USUAL has nearly 4 times lower TVL. HOWEVER... the TVL of MakerDao in the RWA sector is only about nearly 300 million USD, which is nearly 5 times lower than USUAL. ONDO has backing, while MakerDao is an 'old-timer' from 2014. USUAL has just been officially listed for 5 days, and having a TVL higher than these two projects will significantly boost the potential price increase of USUAL. With MKR currently having a market capitalization of about 1.5 billion USD, ONDO is around 2.35 billion USD. In my opinion, it is feasible for USUAL to reach a market capitalization of 1 billion USD at this time. This means, from my personal perspective, USUAL is currently undervalued.
4. About my goals
I set the target at the range of 2 - 3 USD with a 20% USUAL position, 6 - 7 USD with a 30% USUAL position, and I will hold 50% of the remaining position to see if USUAL can surpass the giant Tether and be ready to HOLD for many years (the plan may change according to the fluctuations of the political and market situation). This target is my plan in the assumed market with an optimistic direction. My goals have been adjusted based on my capital management approach in various projects. Therefore, it may not suit you. You can customize the profit-taking strategy according to your preferences. Please conduct your own research when investing; risks are always present. (dyor)
5. CONCLUSION
The above is my personal perspective on USUAL based on the information, knowledge, experience, and research I have conducted. The market always presents opportunities and risks, which is why you should only refer to my article. This article is not investment advice; please conduct your own research. (dyor)
For any opinions and discussions, you can leave comments below (please comment constructively and do not violate community rules). I will respond to comments as soon as possible.