After hitting its ATH in early February there has been on a continued downtrend where the price has consolidated above $1 area in recent time. After anticipated breakout, there is still a nice percentage of growth to get us back up to the ATH levels. Although in essence this is a supply-elastic, stable coin I would expect there to be some price fluctuations above $4 until the project gets established and more liquidity is provided so it could be an ideal place to get some good returns if you wanted to swing trade. Have a look at the AMPL chart for a similar project comparison.
I've been staking this on The Press with the MARK-USDC pair for a few weeks now and been happy with my returns to date (average 170% APY). Definitely a worthwhile hedge if you aren't a confident trader and want to earn some passive income, please note due to high gas fees this isn't worth doing short term for the sake of a few hundred dollars!
Either way at rank #575 on CMC this is potentially a nice little gem with a lot more room for growth in the days and weeks to come!
This is a rebasing token. You should look at the market cap to do your analysis not price per token.
kschuin
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possible for a breakout anytime soon?
wagwanbebe
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@kschuin, Not been watching this for a while now.... Having a quick recap and yeah potentially it could breakout soon, just be mindful of what BTC/ETH are up to in the grand scheme of things.