https://www.coingecko.com/en/coins/terraclassicusd
Who the fuck is buying it?`
What do they expect?
It is very unlikely it will be worth 1$ again. I'm not even sure it's now possible again to convert UST into luna, but I don't think so.
So it's a worthless coin. So this shit is backed by nothing.
In an overall bearish market, it is IMO the most retarded coin to buy. More retarded than brand new meme coins on an unknown chain.
A stable coin has only one reason to exist. To be stable at the pegged asset.
Anyway, most likely a pump and dump. Who knows.
Btw they are 10,2 billion UST out.
back to 1,00$ would mean 10,2 billion of trust. I don't see it ( and WTF, this shit still have 764 Million USD in market cap)
And what does luna?
I have no idea, coin gecko delist TerraClassic? I dont find it.
Coinmarketcap shows Luna classic has still 1 Billion Marketcap...
But luna 2...
lol
https://www.coingecko.com/en/coins/terra
320 Million Marketcap ( lower than UST, ....).
And i really wonder people trust it. They could easy fork it without Kwon and frens stake.
Bam the bad guys are gone.
Why buy the same?
Anyway, just in case you think dogecoin buyer are dumb, please think again :D
What do you think about this?
