2026-01-18 17:30:49

This project has recently entered a prolonged sideways trading phase, but from a long-term perspective, there are still some noteworthy aspects.

Currently, in the crypto industry, the proportion of stablecoins is indeed quite high. This project is building a public chain ecosystem based on stablecoins, which is relatively rare in the entire market and there is indeed demand for it. However, from a practical standpoint, the project's market capitalization performance has not been very impressive.

As an L1 public chain, it is not lacking in endorsements or application demand. The problem is that when the overall market sentiment is not very optimistic, even with these advantages, the project tends to remain lukewarm. This is influenced by market cycles, but it also makes it a bit hard to see the clear path forward.

But what truly determines the future is the team's upcoming planning and execution. As long as the direction is correct, there will always be opportunities. So I personally remain optimistic about its long-term potential.

L1-5.98%

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MetaReckt

· 4h ago

That's what they say, but we've heard this market cycle explanation quite a bit. Sideways trading is really tough; even the best tracks can't withstand market suppression. The idea of a stablecoin public chain is good, but the key is whether the team can actually get things done. Only those who survive this bear market are the real winners, right?

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BlockImposter

· 4h ago

Been in a sideways market for so long, feels like I've been trapped, but the stablecoin public chain track you mentioned is indeed niche, with some room for imagination. When the bull market comes, projects like these might get a boost, just hope the team doesn't slack off. Wait, which project is this? Sounds a bit familiar. Feels like we still have to wait for the market to turn around; talking now is just pointless. Bet on the team's execution ability, anyway, we're already in it.

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MetaMaskVictim

· 4h ago

Been consolidating for so long, I'm already numb. Let's see what tricks the team can come up with.

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ExpectationFarmer

· 4h ago

After such a long consolidation, it depends on what the team does next. If the direction is right, there’s a chance.

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LightningSentry

· 4h ago

Hodling is hodling, anyway I'm used to it. The main thing is whether the team can come up with some new tricks. The stablecoin public chain track is indeed a niche, but it's also an opportunity because of that. It all depends on who breaks the deadlock first. Really, instead of watching the price, it's better to see if there's real demand in the ecosystem. If there is, it will rise sooner or later. Even in such a bad market, no one is selling, which shows there are still believers. So keep holding. Wait, is this project's backing really that solid? Why is the market cap still like this?

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CryptoFortuneTeller

· 4h ago

It's been so long sideways, I almost forgot about this project. Let's wait for a rebound. --- The stablecoin track indeed tends to produce big moves, but under the current market conditions, everything is pointless. --- The key still depends on how the team executes; otherwise, just having concepts is futile. --- Having endorsements and demand, but still no popularity—it's a bit awkward. --- You're optimistic in the long term? I'll wait and see, and when there's real progress, I'll consider it. --- With so many L1s, why did this one get stuck? The issue needs to be thoroughly analyzed.

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