$SOL $XRP most people won’t realize what happen when the FOMO reaches fever on Solana.
The reality is that XRP is 12-year tech, and can scale only with L2s. Solana is x5 cheaper and x6 faster, and has massive usage. It’s no contest, even with cross-border payments.
Solana will be #2 after BTC and reach $1250 to $2500 this bull run ‘minimum’.
I’m shorting Usual out of disappointment I’m shorting BIO because it’s a nothing project I’m shorting Melania because for some reason everyone bought it.
Had to cut losses, even tho the project is very interesting. Sadly didn’t go ‘our’ way,
Shorting now and adding trailing stops and more shorts every 5-10% drop.
I guess the team didn’t perform as well as promised. The de-flooring was nasty. Misled investors at best, probably fraud at worst. Surprised they managed to dupe Binance and Kraken into this.
Obviously not happy with Usual chart. And yes, loss of opportunity on other projects. I’m down 6 figures.
However, honestly, I’m still scratching my head as to why would so many pass on 100% USD APY yield?
I can totally understand APY in Usual is less appealing, it’s risky and price has tanked. And yes, slower money is worth less than fast money.
But USUALX pays rewards in USD. It still has $1.2B in TVL at 4% which is $50M in shared revenue ~ $4-5M per month. This amount is 100% given to USUALX stakers. USUALX ratio vs USUAL is also now 1.223 and growing. Over 50M Usual have been burned.
It’s also backed 100% by US Gov bonds, which are verifiable on-chain. It has big backers, and a reputable team.
So what is happening?
My take is that the protocol is simply too complex for retail investors, in a climate where a token like MELANIA can even be considered as an investment. Massive pumps and dumps everywhere. It’s a crazy world. Real value is hidden by collective insanity.
The truth is that BTC is the real daddy, and we’ve all forgotten about this. We’re now stuck with crapcoins.
Can anyone honestly say they haven’t lost tons on other cat-litter tokens? At least USUAL sends me weekly rent and holiday money.
We’ve been slapped so many times by Usual charts, that TA seems pointless. However, it is posting a reversal Head & Shoulders on the 1 hour chart.
Depending on overall market conditions, it ‘should’ return to 0.5 range.
After that, as sentiment switches, we could also see short squeezes and some spikes higher, 0.7, 0.8 range.
The selling pressure IMO comes from derivative/leveraged markets. That’s prone to a short squeeze if funding fees are too high.
Most daily issuance of Usual + revenue switch APY + 10% unlock fees + LP pool fees + burn mechanism from USD++ unstaking = most goes to USUALX holders.
$USUAL #usual I don’t know, because it’s been such a shitshow. But the selling pressure on Usual seems unwarranted.
The APY is not only high, but genuine. We all received 113% APY in USD, and this is paid weekly! No Scam! Remember that if your rewards amount to less than 10 USD they will added to the following distribution.
Those who wonder ‘where are my usual rewards’. Well, those are ‘inbuilt’ in the ratio between UsualX and Usual at 265% (today’s rate).
UsualX constantly ‘grows’ against usual, so when you exchange back to Usual you will have more than what you staked. You want to check the ratio? Go to CoinMarketCap and search for UsualX and spot the exchange rate against Usual. You can also do this on Uniswap.
By the way, the 10% ‘penalty’ for unstaking can be avoided by using Uniswap’s pool. Swap between the two without incurring a penalty.
UsualX ratio is not ‘fixed’, because in periods of strong sell pressure, it can decrease in value against Usual. However, in periods of uptrend, its value will increase vs Usual and peg back to ‘fixed growth’
Today UsualX = 1.219 Usual
I hate to guess, but I simply cannot see how this protocol can fail unless a black swan hits it. The FUD is over, I think.