Brothers and sisters, recently the USUAL token has really taken a roller coaster ride, sliding from a high of 1.6 dollars down to around 1.07 dollars. I’ve been keeping a close eye on it, and today I want to discuss why it has dropped, whether it can rebound in the future, and share my personal views on the token price.
Why did it drop?
I pondered a bit and think there are several reasons:
First, the market needs to take a breather. After it rises to 1.6 dollars, those big players who made a lot of money early on might want to withdraw, and if they withdraw, won't the price just correct?
Secondly, the issuance of this token is a big issue. Over the next four years, 495 million tokens will be released every four months. With such a large supply, the price will naturally go down.
Third, market sentiment is quite mysterious. If the overall environment is not good, all tokens will shake, and $USUAL is no exception.
However, I actually think this drop is a good thing; it might rise even more vigorously in the future. Regular token issuance means the market won't be overwhelmed all at once. During this downturn, it's a good opportunity for new investors to pick up bargains.
When will it recover?
This is indeed a tough question, but I guess when there is some big news, such as project updates, new token issuances, or improvements in the overall market environment, the price will surely shoot up. For tokens with planned issuance, when investor confidence returns, the price will quickly recover.
How will the price move?
In the short term, I estimate it will fluctuate between 1.2 dollars and 1.7 dollars.
In the medium term, if the market is favorable, reaching 1.5 to 2 dollars is not impossible.
In the long term, if more people use it and the project progresses, it might soar to over 2 to 5 dollars.
How did I do it?
During this time, I've been making some small trades, getting a feel for this token's temperament. Seeing that its issuance plan is quite solid, I still have confidence in the long term. Although the price fluctuates greatly in the short term, I think this is a good time to accumulate, as the saying goes, 'buy low and sell high.'
In terms of upcoming strategies, I will guide everyone to target the lucrative opportunities in altcoins, especially those with high potential, expecting a return of 10 times or more is not a problem.
To make big money in a bull market, like and comment, and I'll help you position for the entire bull market.
