#usual
This decentralized stablecoin project has not been touched or pushed to group friends from beginning to end, but after it quickly rose from 0.64 to 1.2 and then fell back tonight, I let everyone enter at around $0.72; only one out of 50 managed to get in, while others either couldn't find the usual coin on Binance, used OKEx, or set a limit at $0.72. In short, no one was attentively watching when it dropped below $0.8, which made me so angry that I fell asleep...
It is a pity to miss the favorable news of going live on contracts tonight; this second wave has rebounded to nearly 60%, from $0.75 to $1.2...
Cowards who fear death will eventually die; heroes who seek kindness will find it!
Well, some people would rather be slowly cut by a liquidity-exhausted garbage coin than take profits and ride the waves of high-return coins during stormy times.
This coin is being mentioned for the first time today, sharing my personal insights. Currently, the official staking annualized return is extremely high, reaching 7200% to 22000% annualized. In other words, if you stake 10,000 usual coins, you are rewarded with 2000 to 6000 usual coins daily. This is terrifying, but there is a burst threshold because early mining (pos) has more meat and fewer wolves; this is all an illusion, just like the various big waterfalls and black swan incidents that occurred on 5.19 and 3.12. After the entire network was liquidated, U's annualized return was also ridiculously good because large holders were borrowing U to bottom fish and hold positions...
The usual project, going live on perpetual contracts today is a great opportunity. Some people lack the sense for it, and they deserve to eat dirt!
Talking about the prospects of this coin, the total supply is over 4 billion coins, and as of just now, the circulating supply is over 400 million coins. Today it went live on perpetual contracts and rebounded again. How to kill contracts later is the dealer's business. We don't need to worry. As for the staking annualized return, this is an old trick in the crypto space. Those who understand will understand; there are many wolves and little meat. The wear and tear from usual's decline is another risk. As more wolves appear, the annualized returns will inevitably drop exponentially! Now Anan has closed the withdrawal channel, but it doesn't prevent buying on-chain and staking on the official website. Personally, I don't recommend this. Those wanting to eat profits can only gamble on spot trading because the dealers will certainly come back and forth with heavy contract trading! The fluctuations are quite large; the first wave tonight had a 100% fluctuation, and by the time I posted, the second wave had already seen a 58% fluctuation. There must be contract gamblers who ate a bit. Only those who can laugh to the end are the real winners!
The investors of usual coins include the following institutions and individuals:
IOSG Ventures
Kraken Ventures
Starkware (Starknet Development Company)
Mantle Network
Flowdesk
Avid3
Bing Ventures
Breed VC
Hypersphere Ventures
Kima Ventures
Psalion
Public Works Bing
X Ventures
Most of these institutional investments are between $100,000 to $1.5 million, with a few institutions investing around $7 million each. So for a stablecoin project, this is a minor investment. It's a world of difference compared to Ena. Therefore, the risk is still very, very high. Don’t be greedy, everyone!
For those trading contracts, do not exceed 3x leverage! Whether you are in a short or long position, remember!!
According to the investment amounts from these institutions, the returns on institutional investments are already terrifying! Everyone must implement a profit-taking strategy!!!
Even if I let the brothers rush in at around 0.72 at 8 PM, it's just to gamble for a 50%-40% level rebound!!!
Brothers who dare to eat this should secure their profits! There aren't many short positions in this coin, and there are few people shorting it, so there is currently no issue of constant surges and crashes. Therefore, whether it's contracts or spot trading, every rebound over 42% can be cashed out at any time, don't be greedy!!!
Unless there is a showdown between bulls and bears later!!!
