Current Analysis of $USUAL
Usual (USUAL) token is trading at approximately $0.1486 USD, reflecting a 16.1% increase over the past 24 hours.
๐ Market Overview
Market Capitalization: Approximately $136 million USD, ranking USUAL around #311 by market cap.
24-Hour Trading Volume: Ranging between $52 million and $60 million USD, indicating heightened market activity.
Circulating Supply: About 922 million USUAL tokens are currently in circulation, with a maximum supply capped at 4 billion tokens.
๐ Technical Indicators
Price Movement: USUAL has experienced a significant uptick, with a 17% increase over the past 24 hours.
Trading Range: The token's price has fluctuated between $0.1237 and $0.1455 in the last 24 hours.
Relative Strength Index (RSI): Currently at 53.59, suggesting the token is neither overbought nor oversold.
๐ Fundamental Insights
Protocol Functionality: USUAL serves as the governance token for the Usual protocol, which issues USD0โa fiat-backed stablecoin collateralized by real-world assets like U.S. Treasury Bills.
Token Distribution: Notably, 90% of USUAL tokens are distributed to the community, emphasizing a decentralized approach.
๐ ๏ธ Recent Developments
Early Redemption Fees: The protocol recently redistributed 8 million USUALx tokens to eligible holders as part of its sixth wave of early redemption fees.
๐ฎ Price Forecast
Short-Term Outlook: Analysts anticipate a positive trend for USUAL in July 2025, with projected prices ranging between $0.0605 and $0.0753.
Long-Term Projection: A one-year price prediction estimates USUAL could reach approximately $0.3424, suggesting potential growth.