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Regarding the currency $USUAL and the natural question of why it dropped this much?!
In my opinion, this is due to 3 reasons that I have mentioned many times regarding new currencies:
🪙 The currency is new! From what I have seen in all or most new currencies, they tend to lose 85% of their value to gather liquidity and then bounce back to a new all-time high.
🪙 Its Max Supply is 4 billion coins, of which only 711.02 million coins are available for trading. By the way, during this period, there will be new coin releases, which is negative for the price of the currency.
🪙 If you can look at this picture, you will find that there are a few wallets that hold a large percentage of the currency, and it is not good to see a large amount concentrated in one wallet. This opens an easy door for manipulation.
In my opinion, this is due to 3 reasons that I have mentioned many times regarding new currencies:
🪙 The currency is new! From what I have seen in all or most new currencies, they tend to lose 85% of their value to gather liquidity and then bounce back to a new all-time high.
🪙 Its Max Supply is 4 billion coins, of which only 711.02 million coins are available for trading. By the way, during this period, there will be new coin releases, which is negative for the price of the currency.
🪙 If you can look at this picture, you will find that there are a few wallets that hold a large percentage of the currency, and it is not good to see a large amount concentrated in one wallet. This opens an easy door for manipulation.
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