UST is ABOVE $1 , its 1.0001. Where are all

Question

UST is ABOVE $1 , its 1.0001. Where are all

the spammers who kept spreading FUD when UST was 0.99 ? What no ? Now Fuders are gone with "the UST is losing its peg" ? Now a little bit data for all those scared people that dont learn about the project before diving in :
1. In July we had UST market cap of 2bilion and a "fair" luna price was $17 at that time, the market cap increased to $11bn (5.5x) so the "fair" price of luna is $93 (17$ x 5.5) , luna is at huge discount now due to FUD and people panic selling. This is because the more demand is there for UST the more luna is burned so if demand for UST grows by 5.5x , the price of Luna wil 5.5x due to burning mechanism.
2. Starting from August until now 175 milion of luna was burned and the only day since then when luna was minted was 29 January due to people selling off their UST and the amount of luna minted was 133k (which is nothing compared to 175 milion luna burned)
3. Now that the FUD is gone we already burned 36k Luna due to UST demand going up again
4. The move down was only due to scared people not knowing how terra ecosystem works and dumping their position, nothing changed in the fundamentals of Luna
So everyone who sold on this dip, make us a favor and dont come back when we will go to the moon again, and people that are still holding/buying more well done, we will become rich very soon. If you cant handle the red days you don't deserve the massive gains.

#blockchain #cryptocurrency #english #luna

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30.01.2022

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Golden Frens Mafia 🥇 · Accepted Answer

Golden Frens Mafia 🥇

True but it's a fact that UST is very unstable compared to other stablecoins and that's scary tbh. Not fudding.

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30.01.2022

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UST is ABOVE $1 , its 1.0001. Where are all

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