Modify the analysis
Initially, I analyzed $USUAL as a stablecoin, but after reviewing the correct information about the protocol, it turned out that this was wrong. $USUAL is not a stablecoin, but a governance token that is tied to the success of the project and the protocol that issues the USD0 stablecoin. Based on this, the old analysis has been completely modified, and here is a detailed explanation with accurate information.
USUAL Protocol and Coin Overview
USUAL is part of the Usual protocol, which is working on issuing a stablecoin called USD0. This protocol aims to provide a stable and secure alternative to existing stablecoins, with some features that set it apart from others, such as the fact that the stablecoin is backed by safe and short-term assets.
The protocol is based on 3 main components:
(USD0 (Stablecoin) This is the stablecoin issued by the protocol, and its value is always fixed at around $1.
Fully backed by liquid and secure assets to avoid any financial risk.
Its goal is to be easy to use and transparent in the decentralized finance (DeFi) ecosystem.
USD0++ (Liquid Staking Token)
This is an improved version of USD0. When investors hold it, they get rewarded in the form of $USUAL.
It is like a double investment that increases the returns on keeping USD0.
$USUAL (Governance Token)
This is the currency that gives its holders the right to manage and vote on protocol decisions.
Its value is tied to the success of the protocol and the revenue it generates from using USD0.
It is also a way to reward all those who contribute to the ecosystem.
Difference between USUAL and USD0:
USD0 is a stablecoin, its value is fixed at $1. Its goal is to provide stability and security to users.
USUAL is the governance token and its price goes up and down depending on the success of the protocol and demand for it.
The current price#usualis around $1.42. We must understand that this is not a fixed or stable price. This price reflects the demand for the currency, and the rise may be due to speculation or market expectations that the project will grow.
Current situation analysis
The price has risen dramatically, often due to speculation or positive news about the protocol.
USUAL price changes and moves according to the market. This means it may decrease if the market loses confidence or if the team is unable to expand the project.
USUAL Coin Future
If the protocol team can market well and increase the usage of USD0, this will increase the revenue and increase the value of $USUAL.
With the increasing demand for stablecoins in the DeFi market, the protocol could see significant growth, which will be reflected in the price of $USUAL.
Challenges
The team is currently neglecting marketing and advertising the project. Many people do not understand the project well, and I am one of them. Weak marketing may prevent the currency from getting the momentum it deserves.
Any investor must be careful and make sure that he understands the project well.
If you think the project has a future and the number of users will increase,#USUALmay be a good investment opportunity, but entering at a high price is risky, especially if the team does not increase marketing and adoption.
The old analysis was very wrong on my part regarding the nature of USUAL. Now that the facts are clear, we need to focus on the fact that USUAL is a volatile governance token, and its price depends on the success of the protocol, not a stablecoin. Investment must be considered and the current price may be temporary due to speculation. Of course, this is just an analysis and opinion, not financial advice.
#USUAL
