Altcoin Report - September 2024

Stablecoins may sound boring. Their prices don’t change!

However, some are backed by powerful tokens that form the key to decentralized, anti-fragile networks that reward token holders rather than big entities like Tether and Circle.

People who use these stablecoins benefit from greater privacy, instant redemption, and no threat that some authority will cut them off from their funds, either through geoblocking, extortion, or freezing wallets.

While MakerDAO (now Sky Protocol) remains the dominant player in decentralized stablecoins, Terra Luna is perhaps the most famous. Its UST token drove billions of dollars to the LUNA token.

As we know, LUNA ultimately failed after reaching a 100,000% gain at its peak. MKR (SKY) remains a stalwart, even though it peaked at “only” 27,000% (it’s now at a 7,000% gain, as of this report).

Today's report covers a project that corrects for previous stablecoin failures. Its developers used their experience working on previous stablecoins to create a new, improved version. Think LUNA without the fraud or a better MKR (SKY).

Its backing token is a hidden gem and a top contender for that elusive 100x. With a tiny million market cap, it’s still flying under the radar.

It's so under the radar that you will need to follow my instructions closely to avoid accidentally triggering a pump-and-dump.

What is that project?

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