The price is correctly calculated into €. But Exactly, LINA

Question

The price is correctly calculated into €. But Exactly, LINA

has fallen in 10 days by -31.89% from high to low since December 27th.
(And that shouldn't be a cause for concern?)
The only positive technical event in the last few days is that the money inflow has risen sharply in the last 24 hours and LUSD has almost pegged 1$ again in last 2 days.

#cryptocurrency #english #linear

0

07.01.2024

10 ответов

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Jason

phmanno
The repeg of lusd happened most probably because o...

Do we even know the 'half' of it?

0

12 месяцев назад

Meshal Almutairi

phmanno
The repeg of lusd happened most probably because o...

Positive talk, now i feel comfortable

0

12 месяцев назад

ALEXANDER

phmanno
The repeg of lusd happened most probably because o...

Big sale again?

0

12 месяцев назад

phmanno

ALEXANDER
Big sale again?

Time will tell. 🤷‍♂

0

12 месяцев назад

GG33 Автор вопроса

phmanno
The repeg of lusd happened most probably because o...

Yes this are the reasons for pegged LUSD. Absolutely correct and healthy for the protocol. I can only half agree with you on the other part... There are simply 4 billion tokens left. I once did the math and at the current rate it would take at least until 2029 for all of them to be unlocked (feel free to correct me if I'm wrong). I don't think that's good for the project. That's why I've often recommended burning a percentage of them.

0

12 месяцев назад

phmanno

GG33
Yes this are the reasons for pegged LUSD. Absolute...

I think the math should be approximately correct. Slow distribution means low inflation. I've discussed some kind of burning mechanism to protect the lusd pegging in the DAO forum. So I'm not totally against burning supply if it serves a purpose beside pumping the bag of everyone. Otherwise it's a bad sign for the projects health imo.

0

12 месяцев назад

Jason

phmanno
I think the math should be approximately correct. ...

Well said. Burning tokens is often the go to fix for people looking to fake pump a coin, and tbh it rarely works

0

12 месяцев назад

GG33 Автор вопроса

Jason
Well said. Burning tokens is often the go to fix f...

Ok, you will be able to judge it better, then the issue is off the table from my point of view.

0

12 месяцев назад

VinzenT K

phmanno
The repeg of lusd happened most probably because o...

What's is April?

0

12 месяцев назад

phmanno · Accepted Answer

The repeg of lusd happened most probably because of the announcement to reactivate the liquidation mechanism. So this is definitely a positive result of the final steps to get the protocol back up running to 100%. The other thing which makes me positive about linear's near future is the significant reduction of staking rewards, which started in April of last year and is ongoing. So there will be much less Lina to sell after april and we all know what's happening in April this year, right? 😏

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The price is correctly calculated into €. But Exactly, LINA

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