#USJoblessClaimsDrop #usual $USUAL
The reason why the price dropped as of January 9, 2025, the price of Usual is approximately $0.76 per USUAL, with a market cap of around $383.3 million and a 24-hour trading volume of $241.4 million.
On January 7, it introduced new features to improve the scalability, security, and energy efficiency of the ecosystem. This change has generated both optimism and uncertainty among investors, which could be influencing its recent volatility.
Reasons for the recent drop in its price:
1. General market conditions: The cryptocurrency market has experienced a global correction due to macroeconomic factors, such as the strengthening of the US dollar and expectations of higher interest rates from the Federal Reserve.
2. Profit-taking: After a period of significant growth, many investors have decided to liquidate their positions in Usual to secure profits, creating selling pressure.
3. Technical incidents: Recent changes in its protocol may have caused temporary uncertainty among users, especially if there were delays or issues in its implementation.
4. Growing competition: New projects with similar characteristics have begun to gain traction, increasing competition in the stablecoin and governance token sector.
Future outlook:
While the price of Usual may experience short-term fluctuations, its focus on decentralization and practical applications positions it as a solid option in the blockchain ecosystem. However, its success will depend on how it manages technical and market challenges in the future.