Price Prediction and Comparison on Other Platforms
Given that $USD1 is likely a stablecoin, its price should remain close to $1.00, with minimal fluctuations (±0.01 USD) under normal market conditions. However, during the initial hours of trading, it may experience slight variations due to initial speculation and volume:
Prediction on Binance: When trading opens at 05:49 AM CST, the initial price could range between $0.99 and $1.01, depending on supply and demand. If $USD1 is backed by verifiable reserves (like $USDT or $USDC), its price will quickly stabilize around $1.00.
Other Platforms: Similar stablecoins like $USDT and $USDC trade on platforms like Coinbase, Kraken, and KuCoin with prices ranging from $0.999 to $1.001 (according to recent data). If it is listed on these exchanges after its launch on Binance, it is likely to follow a similar pattern, with minor variations due to differences in liquidity and arbitrage.
Risk Factors: If it fails to generate trust (for example, lack of transparency in reserves), it could fall below $0.98, as happened with $USDT in past crises. Conversely, solid backing and rapid adoption could keep it stable.
