Oh, my beautiful people,🔥 It turns out that the cryptocurrency Usual, which not many people were talking about, suddenly shot up by 36.8% in just 24 hours. Can you imagine? 🤯 And why this craziness? Well, the people who know the stuff say it's a combination of things that made this coin go into rocket mode. 🚀
First and foremost, and the most significant, is that they expanded to a place called Arbitrum. Think of it as opening a branch in a trendy neighborhood. Arbitrum is a super active crypto ecosystem, with billions of green bills circulating. Usual arrived there on July 10, forming alliances with the big players: Stargate, Camelot, and Pendle. This makes their coins, USD0 and USD0++, easier to use and transactions cheaper. 🤑 And people noticed! Trading volume skyrocketed by 194.6% in one day. Crazy! 📈
But that's not all, because the Usual team also got busy with their "staking" system. For those who don’t know, staking is like when you save your money for a while to earn more. Starting July 7, they changed the rules so that people who hold their coins for a longer time, say 12 months, earn much more. This makes fewer people want to sell because the reward for holding them is juicy. 🎁
And last but not least, we have the one and only Bitcoin. 👑 When the king of cryptos is in a good mood and its price rises, like it did up to $150,000, it gives a boost to all the others. It's like when the boss arrives happy at the party and everyone gets excited to dance. 💃 That extra liquidity made it so that other coins, like Usual, also benefited.
So, to make it easy to understand, Usual's surge is a mix of good internal decisions (expansion and staking) and a boost from the overall market. 💥 Now the million-dollar question is: can they maintain this pace or will things calm down? We need to stay sharp because the Usual team is about to do an "AMA" (a question and answer session) with their CEO. Let's see if they give us more details to keep an eye on this move. 🤔$USUAL
