Very comfortable! Another day of bottom fishing $STBL
Why did it touch the bottom?
$STBL is a toolbox to help you get stablecoins, backed by real assets, and can let your money grow some interest over time.
From a high of $0.61 in September, it has recently dropped nearly 10% in the past week, now hovering around $0.09-$0.10, with a market cap of only a few tens of millions of US dollars.
But look, the support level at $0.07 is as steady as a rock, those who got liquidated can't even cry.
The market was a mess a while ago, Bitcoin plummeted to $103,000, and $BNB fell as well, retail investors panicked and fled, VCs cashed out, rumors flying everywhere about partnerships with Visa being gone, and tokens being useless.
Now, the floating supply has been cleaned up, and the key is that there are no new coins unlocking in Q4, the team has locked up more than 200 million tokens, and the mechanism for buying back and burning will start at the end of the month, with $1 million being pumped back each month.
Isn't this a bottom fishing opportunity after the “panic washout”? Smart money has sneaked in, and trading volume is rising!
Now that everything is rising, why should I still bottom fish and chase the trend?
The stablecoin USST of $STBL has already generated $2.5 million, with a target of $1 million this month and aiming for $100 million by the end of the year.
Wormhole has connected to Ethereum, and the Curve pool has just launched, liquidity is stable, and all the fees earned are used to burn tokens, resulting in a decreasing supply.
Next week, multi-staking will go live, and the dynamic pricing mechanism will also come at the end of the month. The team is not selling tokens, just getting things done.
Now is the time to bottom fish at low points, with low risk and high returns. At $0.09, the $0.07 level below is a solid bottom; if it can't hold, I'll eat my keyboard.
Of course, the market is unpredictable, but Xiao Wu thinks that #STBL this wave is a benefit for us retail investors. Want to chat more? Add a friend in the Binance chat room, and let's fly together!
