Will USTC hit 1$ again and be a stable coin ?

[Boomber]

What do you think about USTC that was Terra Luna stable coin which fell from 1.00$ to 0.01$ cent
I bought some of them atm its 0.06$  as it had a jump  does it have a chance to reach 1$ again and be a stable coin
What are your thoughts on this ?

don't expect too much, because a project that has failed will be difficult to recovery, so my advice is just to take advantage of the moment to get a profit and don't invest in USTC for the long term, because I would never want to invest in USTC again, but if you really want to invest in USTC and hope the price can return to $1 again, then that is your right, but I only recommend you not to invest all your money in USTC (I recommend you to invest under 10% from your portfolio).

[niall51]

I don't think that it will come back. It's been a long time, it's almost impossible to get new users, and even more impossible to gain trust from old users.

It's true that it's very difficult to build the trust of new people, let alone the trust of old people in a situation like this and the news is that USTC is very unlikely to become a stablecoin again, that's my view.

[Sophokles]

I don't think that it will come back. It's been a long time, it's almost impossible to get new users, and even more impossible to gain trust from old users.

It's true that it's very difficult to build the trust of new people, let alone the trust of old people in a situation like this and the news is that USTC is very unlikely to become a stablecoin again, that's my view.

No one is talking about LUNA any more. This project lost its adoption and users. Its time to move on to a new project instead of holding some old relic. USTC will remain one of the biggest blunders in cryptographic history. FTX and LUNA were the two biggest events that prolonged the bear market and caused huge damage to the crypto community. The only way to regain USTC peg is by buy back and burn. I don't think the team has any plans to do that or that the community wants to use it again.