The post Can Usual Protocol (USUAL) Sustain its 15% Weekly Price Surge? appeared on BitcoinEthereumNews.com.

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.  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…

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Filed under: News - @ January 31, 2025 3:25 pm