Wow. Luna burning around 80-100 mil daily currently. And ust

Question

Wow. Luna burning around 80-100 mil daily currently. And ust

is 11.45 bil market cap. and probably burns 1 billion is 10-15 days. And if ust raises to 15-20 billion ust does it means Luna will be 75-100ust easily? Usdt easily 75-80 bil market cap and usdc 50-55 bil market cap. Ust Still got rooms to grow from 11 plus billion to 30 plus billions easily. So Luna 100-150 is not a big dream.

Of course in bear or market loses confidences when price is hyped up it could go up and down very fast. But fair value might be easily 20-40ust for Luna even if it dips big.

Usdh sol is only 13-15 million usd only for market cap, still growing daily and have rooms to grow. Hbb total supply only 100 mil only which acts like dai tokens as collaterals. Still got super huge room to grow. Sol transactions will increase partially quite a lot due to this and tvl partially will increase a lot.
However, if sol can follow Luna burn mechanism would be very solid, similarly burning more hbb periodically. maybe hbb and usdh can work with sol for this, or solana can create own stable coins.
And sol pay needs to be into retail and corporate and e-commerce if it haven’t.
And with credit cards or debit cards and payment gateways buying and cross chains

#blockchain #cryptocurrency #english #sol

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14.02.2022

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Andrew Se · Answer 1

Marketing, advertising and adoption is key for usdh and hbb to have a really niche and catch up with the rest of stable coins and solana and it’s eco system coins can help a lot if they are far and deep vision enough also. If hbb and usdh are growing very well they will help solana in return automatically. Solana telegram chat number of people dropping. Not a good sign… needs lots of marketing and advertising and real solid stuffs to back and drive solana ecosystem up

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Wow. Luna burning around 80-100 mil daily currently. And ust

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