Crypto Analyst Predicts USTC Repeg Following Community Efforts

• Youtube crypto analyst Claybro claims the LUNC USTC may likely repeg following recent community efforts.
• The LUNC USTC community recently supported a proposal to burn 800 million USTC tokens.
• Despite the community efforts, the market slowdown has impacted the tokens, with LUNC shedding 2.63% in the past week.

In a video posted on Youtube, ClayBro, a crypto analyst, says the LUNC USTC repeg is back on track. In recent weeks, the Terra Luna Classic community has made several proposals and plans towards the LUNC USTC repeg. According to the YouTuber, these current efforts show the community may achieve their desired goals.

The community recently voted on two proposals to return and burn 800 million USTC tokens. The proposals titled 11658 and 11660 got passed by the community and thus will not be returned to the community pool.

With the many proposals in place and an active roadmap followed by the community, LUNC USTC maxis believe the token has a chance at survival. However, the recent market slowdown has impacted the community’s efforts. Likewise, the community revealed it has yet to receive any centralized exchange backing.

Data from CoinMarketCap show t…

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