- USUAL token price recorded 15% weekly price surge, amidst extreme price volatility.
- Crypto community anticipates a further price surge in the coming weeks.
Usual Protocol’s innovative approach to stablecoins and token-based finance quickly gained traction after its launch in Nov 2024. However, the project’s native stablecoin USD0++ lost its peg on Jan 10, which led to a price dump. Despite the price fluctuations, the USUAL price surged by around 15% this week.
USUAL Price This Week (Source: CoinMarketCap)
The USUAL token is currently trading close to $0.4, with around 5% daily surge. It recorded around 15% raise this week, with most of the gains coming from the last couple of days. While its market cap is in the $226 million range, 24-hour trading volume is $405 million, up by a staggering 200% raise.
The token was launched in mid-November 2024, at a starting price of around $0.35. One month after the launch, the token recorded an ATH of $1.61. After trading sideways for a couple of weeks with no significant price surges, USUAL token suffered a severe price drop one week into the new year.
Usual Protocol’s native stablecoin USD0++ lost its peg to $1 and dropped to $0.89 after the project introduced a new floor price mechanism. However, this is not sudden or unplanned. The project team introduced a “revenue switch” on Jan 07, which included its plans to decrease the floor price of its stablecoin. It also detailed a complete roadmap to stabilize and enhance the USD0++ stablecoin on Jan 27.
Can USUAL Sustain its Weekly Price Surge?
Keeping the price fluctuations aside, the USUAL token seems to go on a price surge in the coming week. Several trading analysts on social platforms are estimating that there is a price hike ahead for the token.
Trader DevKhabib posted on X stating that we got the bottom of the USUAL token. He further revealed that he bought the token at $0.37, anticipating previous highs from the altcoin.
Other proponents of the usual protocol stated that the increase in trading volume reflects the possibility of upcoming price surge. However, the project must maintain the trust and reliability among the community to see future gains.
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