Last chance to buy USDC under $1.00 – we may never see these prices again
1 min read
USDC depegged on Friday due to Fear, Uncertainty and Doubt (FUD) concerning circle and the USDC cash reserves it held in Silicon Valley Bank.
USDC dropped to a low of $0.87 on some exchanges, brave investors confident in USDC and Circle bought the dip of a stable coin that had depegged hoping to gain and easy 13% profit.
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After Circle announced that it would cover any funds lost with corporate reserves the peg of USDC started going back up as more people bought.
USDC is currently at $0.98 so you still have a chance to make a 2% in profit (not financial advice)
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Edit: It’s now at $0.97 (again not financial advice)
Edit-2: It’s now at $0.9664 (abandon all hope)
Edit-3: shit it fell to $0.956 (maybe this wasn’t the best idea)
Edit-4: Two consecutive candles at $0.954 (seems we found a new support level, all TA points towards an upward trajectory from here)
submitted by /u/Odlavso
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