Circle single-day plummet of 20%, evade or buy the dip?
A draft from Washington has sealed off the profit pipeline for USDC, while Tether announced four major audits on the same day. Two teams are taking action simultaneously, resulting in an evaporation of 5.6 billion.
Are those buying the dip itching to act?
Using the EV/EBITDA model, I calculated and found that the current price is not as outrageous as everyone thinks.
Complete breakdown 👇
A draft from Washington has sealed off the profit pipeline for USDC, while Tether announced four major audits on the same day. Two teams are taking action simultaneously, resulting in an evaporation of 5.6 billion.
Are those buying the dip itching to act?
Using the EV/EBITDA model, I calculated and found that the current price is not as outrageous as everyone thinks.
Complete breakdown 👇