Cryptocurrency Q&A
Why is USTC falling?
Why is USTC falling?
amelia_jackson_environmentalist
Wed Nov 13 2024
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6 answers
1137
I've noticed that USTC seems to be falling in recent times. I'm curious to understand the reasons behind this decline. Could it be related to market trends, internal issues, or other external factors? I'd like to gain some insight into this matter.
6 answers
Chiara
Fri Nov 15 2024
Specifically, the model based on burning $LUNA to maintain pegged value proved flawed.
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DigitalLegendGuard
Fri Nov 15 2024
Despite ongoing attempts to revive $USTC, the lack of a viable technical solution is evident.
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Lorenzo
Fri Nov 15 2024
Algorithmic Model Inefficiency is a significant concern in the cryptocurrency market.
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Raffaele
Fri Nov 15 2024
The crash highlighted the risk of a death spiral, where a decline in value triggers further selling and acceleration of the downturn.
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KimonoGlitter
Fri Nov 15 2024
The collapse of $USTC in May 2022 served as a stark reminder of the instability inherent in algorithmic stablecoin models.
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