USUAL surged nearly 40% intraday; what’s the outlook for the future

2024-12-24, 08:40

Usual is a decentralized on-chain stablecoin issuance protocol that aims to allocate ownership and governance rights through its platform token, USUAL. Usual serves as a multi-chain infrastructure that integrates the increasingly tokenized real-world assets (RWA) from entities like BlackRock, Ondo, Mountain Protocol, M0, and Hashnote, transforming them into a permissionless, on-chain verifiable, and composable stablecoin, USD0.

USD0 is the first liquid deposit token (LDT) offered by Usual, backed by real-world assets (RWA) at a 1:1 ratio with ultra-short maturity, ensuring its stability and security. Additionally, USD0 acts as an RWA stablecoin that aggregates various U.S. Treasury bond tokens and can be minted on Usual in two different ways:

Direct RWA Deposit: Users deposit eligible RWAs into the protocol and receive an equivalent USD0 at a 1:1 ratio.
Indirect USDC/USDT Deposit: Users deposit USDC/USDT into the protocol and receive USD0 at a 1:1 ratio. This indirect method involves third-party collateral providers who supply the necessary RWA collateral, allowing users to obtain USD0 without directly handling RWAs.

According to Gate.io market data, USUAL is currently priced at $1.39, with a 24-hour increase of 37.65%. USUAL has a current circulating market value of $660 million, ranking 135th in the market. What are the future prospects for USUAL?

USUAL Market Analysis

Trading Data

Latest Price: 1.39 USDT
24-Hour Increase: 37.65%
24-Hour High: 1.4278 USDT
24-Hour Low: 0.9920 USDT
24-Hour Trading Volume: 206,113,598 USDT
Capital Inflow: 131,627,522 USDT
Capital Outflow: 119,148,087 USDT
Net Inflow: 12,479,435 USDT
Open Interest: 35,701,303
Fear and Greed Index: 87 (Extreme Greed)
Support Level: 1.1353 USDT
Resistance Level: 1.4571 USDT
Trading Strategy Recommendations
Strategy 1: Short-Term Bullish Strategy
Direction: Bullish
Entry Price: 1.3900 USDT
Stop-Loss Price: 1.1350 USDT
Target Price: 1.4500 USDT
Rationale and Features: The current market is in an extreme greed state, indicating high investor sentiment, which may drive the price further up. Capital inflow exceeds outflow, showing strong buying pressure. Entering near the current price with a reasonable stop-loss to control risk, while setting the target price near the resistance level, ensures profit.
Strategy 2: Swing Trading Strategy
Direction: Short-Term Bearish
Entry Price: 1.4500 USDT
Stop-Loss Price: 1.4600 USDT
Target Price: 1.3500 USDT
Rationale and Features: As the price approaches the resistance level, a pullback may occur, making it suitable for short-term bearish operations. Setting a stop-loss prevents prices from breaking through the resistance level, ensuring manageable risk. The target price is set near the support level to profit from market fluctuations.
Outlook
USUAL represents a forward-looking approach to stablecoin issuance and management. By focusing on integrating tokenized RWAs into a decentralized stablecoin, Usual aims to create a trustworthy and transparent financial eco. With the continued development of Usual, it is expected to play a key role in shaping the stablecoin issuance landscape. By prioritizing user governance and transparency through its innovative model, Usual has the potential to redefine how stablecoins operate within the crypto economy, bridging the gap between digital assets and real-world financial stability.

Author: Icing, Gate.io Researcher
*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
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