Result: Your return rate is 319.19%, which means my investment has grown by 3.19 times, which is a very good investment return! If the investment amount is large, such an increase may bring considerable profits.
So the question arises, if I leveraged at a price of 0.2, what would my return be at the current price? If interested, please leave your answer in the comments.
Price prediction for the new USUAL coin The total issuance of USUAL coins is 4 billion, which is similar to many medium-sized cryptocurrencies, such as Polygon (MATIC) and Filecoin (FIL). Here is a comparison between the two:
Similar coins and references
1. Polygon (MATIC) • Issuance: 10 billion, but the circulating supply is about 9 billion. • Initial price: about $0.00263 at the opening, and then gradually increased. The current price varies due to market fluctuations. 2. Filecoin (FIL) • Issuance: about 2 billion. • Initial price: about $20 at the time of listing, but the price fluctuated greatly due to market supply and demand afterwards. 3. Comparison with USUAL • Issuance: 4 billion, which is a token with a large supply, and the pricing may be low. • Features: USUAL adopts a decentralized stablecoin model, and its market positioning is linked to the actual assets (RWA) behind it, similar to high-circulation tokens.
Methods for predicting the opening price
• If referring to Polygon's initial market value and circulation, USUAL's opening price may be between $0.01 and $0.05, which also depends on the market's recognition of its application scenarios and potential value. • If the asset support behind it is strong (such as real-world assets pegged to stablecoins), the price may be high, even close to the several-dollar level when Filecoin was first launched. $USUAL $ $USUAL
Dogecoin’s recent slight rise may be related to the overall improving market sentiment towards cryptocurrencies. Bitcoin prices have hit new highs recently, leading to gains in other major cryptocurrencies including Dogecoin. At the same time, market speculation has also increased, and Dogecoin’s trading volume has increased significantly, which may have stimulated short-term price fluctuations. Work harder and keep pushing!
Currently high volatility: Dogecoin's price is greatly influenced by market sentiment and speculative behavior, and its price has experienced significant fluctuations throughout its history. If you do not like to bear the risk of substantial losses, holding it long-term may be stressful. Even if it’s just for fueling a spaceship, contributing to technology! Salute to Musk 🫡
Is the 'silent' support level of Dogecoin deteriorating?
1. Declining market enthusiasm
• Overall sluggish cryptocurrency market: After experiencing a boom in 2021, the cryptocurrency market has entered an adjustment phase. Investor interest in high-risk assets has decreased, and market enthusiasm has weakened. • The craze for altcoins has faded: Dogecoin, as a 'meme coin', largely relies on social media and celebrity effects, such as the support from Elon Musk. However, the market is currently more focused on projects with strong practicality, like DeFi and Layer 2 technologies on Ethereum.
2. Lack of practical application scenarios
• The core positioning of Dogecoin is as a 'fun coin', mainly used for small payments and community culture. However, compared to other blockchain projects, Dogecoin lacks innovative technology or practical business applications. • Although some merchants accept Dogecoin payments, its usage for payments remains limited, making it difficult to compete with mainstream payment tools.
3. Increased competition
• Diversion in the meme coin market: With the rise of other meme coins like Shiba Inu (SHIB), Dogecoin's market share has been diluted, affecting its long-term performance. • Technological lag: Compared to blockchains like Ethereum and Solana, Dogecoin's technology has not seen significant upgrades, and its network functionality and ecosystem development appear to be lagging.
4. Macroeconomic environment
• Increased global economic uncertainty (such as high inflation and rising interest rates) makes investors more inclined towards safe-haven assets rather than speculative cryptocurrencies. • The tightening of the Federal Reserve's monetary policy has weakened market liquidity, directly impacting risk assets including Dogecoin. $DOGE
Elon Musk recently hinted that Tesla may accept Dogecoin as a payment method in the future, which has caused optimism in the Dogecoin community. However, the idea is still speculative at present, and there is no specific official statement or timeline to support it. Musk has previously mentioned the possibility of similar services (such as Starlink) accepting Dogecoin payments, but the implementation of these plans may be delayed due to challenges such as regulatory restrictions and insufficient infrastructure preparation.
Nevertheless, whenever Musk mentions Dogecoin, market sentiment usually sees a short-term rise, and some investors expect that Tesla's official acceptance of Dogecoin payments may drive its price to a new high. But the process of achieving this goal is still full of uncertainty, and the volatility of the cryptocurrency market itself may also limit growth potential.
SpaceX currently plans to launch the next Starship super rocket on November 18, 2024. This will be the sixth test flight of Starship, with the goal of further improving the reuse capability of rockets and boosters. The launch also includes re-ignition in space, testing heat shield technology, and improving the control system for returning to Earth. This large-scale innovation and success may attract more investment to SpaceX, thereby indirectly promoting activities related to Dogecoin.
In addition, SpaceX is also continuing to promote the expansion of its Starlink satellite network and will carry out multiple satellite launches in the near future. Such activities usually attract high attention from the public and investors, which may further affect related market dynamics.
Dogecoin faces a variety of constraints in reaching the expected price, common reasons include:
1. Market sentiment and speculation: Dogecoin was originally a joke cryptocurrency. Due to its informal positioning, the price volatility is very large, and many investors prefer short-term speculation rather than long-term holding. This leads to a rapid decline in prices when prices rise, and lacks long-term stable support.
2. Too much circulation: There is no upper limit to the supply of Dogecoin, and a large number of Dogecoins are added every year. This inflationary characteristic makes it difficult to achieve a high scarcity, affecting the potential for price increases.
3. Lack of practical support: Compared with Bitcoin or Ethereum, Dogecoin has limited application scenarios and lacks an active ecosystem for developers. Investors usually focus on cryptocurrencies with real uses and long-term potential, while Dogecoin has fewer application levels.
4. Fierce market competition: There are many competitors in the cryptocurrency market, and new projects are constantly emerging. Funds and attention are easily diverted, limiting the growth space of Dogecoin.
5. Policy and regulatory risks: As countries around the world strengthen their supervision of cryptocurrencies, investors remain vigilant about changes in market policies. Regulatory risks could dampen investor confidence and affect the overall crypto market performance, including Dogecoin. 6. Social media popularity: Dogecoin prices are largely influenced by social media and celebrities (such as Elon Musk), and when popularity and attention decrease, prices will also decline.
Taken together, these factors make it difficult for Dogecoin prices to reach expectations, especially in the absence of long-term practical value and continued popularity support.