In the fast-paced world of crypto, few things get the community buzzing like a bold comparison to past legends. Recently, a tweet from @mikroweller has sparked intense discussion by dubbing $STBL "the LUNA of this cycle." If you're new to this, LUNA was the native token of the Terra blockchain, which saw explosive growth in 2021 before its infamous collapse. But is $STBL really poised to follow in those footsteps—or even surpass them? Let's unpack the tweet and see what's driving the excitement.
The tweet kicks off with a provocative question: "Are you really fading $STBL?" For the uninitiated, "fading" in crypto slang means betting against or ignoring a token's potential. The poster argues that $STBL, a decentralized stablecoin protocol, is backed by some serious credentials. It's co-founded by Reeve Collins, one of the minds behind Tether (USDT), the world's largest stablecoin by market cap. Stablecoins are cryptocurrencies designed to maintain a steady value, often pegged to the US dollar, making them essential for trading and DeFi (decentralized finance) activities.
What sets $STBL apart? It's built around real-world assets (RWAs)—think tokenized versions of traditional investments like bonds or real estate. The protocol allows users to mint stablecoins like USST while splitting yields into separate NFTs that generate income. This innovative yield-splitting mechanism means you can hold a stable asset without sacrificing potential earnings. Adding to the hype, investment giant Franklin Templeton has already minted 100 million USST, signaling strong institutional interest.
The real eye-catcher in the tweet is this chart overlaying $STBL's current price action (PA) with LUNA's from 2021. Both show similar upward trajectories, hinting at massive potential gains. With $STBL sitting at a modest 180 million market cap, the poster suggests it's undervalued and primed for a breakout—especially after the recent announcement of token buybacks, which can help boost price by reducing supply.
The tweet doesn't stop at facts; it calls out a list of crypto influencers and traders who've already jumped in, urging others not to be "fadooors" (a playful twist on "faders"). It wraps up by asking how high $STBL could go, with a nod to "billions programmed," echoing the chart's "Billions loading..." caption. Community replies are optimistic: one user predicts "$10," another sees a first target of "$1 then flying," and phrases like "Higher only" capture the bullish sentiment.
Of course, comparisons to LUNA come with caveats. While LUNA's pump was legendary, its algorithmic stablecoin model ultimately led to a spectacular crash in 2022, wiping out billions. $STBL, on the other hand, emphasizes RWA collateral and yield preservation, potentially offering more stability. Still, crypto is volatile, and as the tweet notes with "NGMI" (Not Gonna Make It), missing out could be regrettable—but always do your own research (DYOR).
This thread highlights how narratives drive crypto markets, blending tech innovation with community hype. If $STBL lives up to the billing, it could redefine stablecoins in DeFi. Keep an eye on it via platforms like CoinMarketCap or CoinGecko for the latest updates. What do you think—bullish on $STBL?