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There has been a massive influx of stablecoins in the cryptocurrency industry. The purpose of these currencies is very simple: maintain their peg to the US Dollars at all times. Surprisingly, that is a very difficult task for nearly all stablecoins, especially during these volatile times. None of the current stablecoins on the market can […]
The post None of the Stablecoins Maintain Their Peg Against the US Dollar appeared first on NullTX.
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Even though all of the cryptocurrencies are slowly going back in the green, it remains to be seen how long this positive momentum will last. Yesterday was a rather troublesome day for all currencies, which also makes it slightly easier to recover the massive losses. The EOS price is definitely on a roll right now, thanks to a solid 12.63% increase over the past few hours. The EOS Price Recovery is in Effect After the steady declines yesterday, it is rather impressive to see some cryptocurrencies gain any sort of momentum in the past few hours. So far, the EOSPowered by WPeMatico
It is evident things are quickly going from bad to worse for all of the major cryptocurrencies these days. All major markets are still down, a trend which began forming yesterday morning. Things have not improved in the past 24 hours by any means. The Bitcoin Cash price illustrates that problem perfectly, as it is slowly dropping to $1,000. Bitcoin Cash Price Woes Worsen There is very little to be excited about when it comes to cryptocurrency prices as of right now. With all markets down in the dirt, it is evident there is a fair amount of panic settingPowered by WPeMatico
It seems most cryptocurrencies will remain in the red all day long, but there is some hope at the end of the tunnel as well. If the Stellar price is any indication, we may see some positive momentum in the coming hours and days. More specifically, the Stellar price has risen by 3.89% over the past 24 hours, even though it is the only top cryptocurrency in the green right now. Stellar Price Notes Growth Considering how Bitcoin and all other cryptocurrencies and digital assets in the dirt right now, it is all the more impressive to see the StellarPowered by WPeMatico
These are very exciting times for Bitcoin price speculators. With the world’s leading cryptocurrency recovering some of its initial losses in recent weeks, the expectations are quite high. Those expectations were almost shattered yesterday, as the Bitcoin price dipped below $8,800. However, thanks to the solid support, that value has now risen above $9,200 once again. Bitcoin Price Volatility Works Both Ways It is not hard to see why people often criticize the volatile Bitcoin price. In most cases, these discussions arise when Bitcoin loses value in quick succession. Yesterday was an interesting example, as the Bitcoin price dropped fromPowered by WPeMatico
Even though it seems the NEM price was well underway to surpass $0.5 relatively soon, the current negative trend is effectively shaking things up a bit. As a result, we are now looking at a NEM price of just over $0.35, with a very real chance of it dropped even further as we speak. This is not a positive development for this ecosystem or the cryptocurrency industry in general. NEM Price Decline is Worrisome Over the past few days, we have seen a solid NEM price trend which seemed to elevate the value to $0.5 again. Unfortunately, all positive momentumPowered by WPeMatico