After cryptocurrencies fall, stable currencies gain market share

[Beromnia 733]

Welcome with me

 

While most cryptocurrencies have lost half of their market value in one month, many stable currencies have experienced recent growth in their market share.
 There are currently six stable currencies among the top 50 cryptocurrencies by market value.

* USDT Tether is ranked fourth

* USDC ranks 17th after it ranked 30th

* Paxos is ranked 27th from 42nd

Other stable currencies achieve noticeable gains, such as:
* TUSD climbed to the top 50 cryptocurrencies by market value - up from 60th to current rank as 35th best cryptocurrency.

* Binance Dollars (BUSD), which was launched just six months ago, made a tremendous gain, and from February 16 to March 15, Binance Dollars jumped from 243 to 36
* The stable DAI coin has also penetrated the top 50 cryptocurrencies by market capitalization.

[bliznec 22268]

It is likely that such currencies are conquering the market by being equated with the dollar. The dollar is growing and attracting many investors to capitalize on this. 

[tienda 8776]

I think they have created those stable coin to stabilize cryptocurrency, and is an advantage for all traders and benefit, because if they dont exist the cryptocurrency will be only face to face with USD, so now the people can trade with stable coin when cryptocurrency down.

[guatazoo 7150]

On 3/20/2020 at 12:34 AM, Beromnia said:

Welcome with me

 

While most cryptocurrencies have lost half of their market value in one month, many stable currencies have experienced recent growth in their market share.
 There are currently six stable currencies among the top 50 cryptocurrencies by market value.

* USDT Tether is ranked fourth

* USDC ranks 17th after it ranked 30th

* Paxos is ranked 27th from 42nd

Other stable currencies achieve noticeable gains, such as:
* TUSD climbed to the top 50 cryptocurrencies by market value - up from 60th to current rank as 35th best cryptocurrency.

* Binance Dollars (BUSD), which was launched just six months ago, made a tremendous gain, and from February 16 to March 15, Binance Dollars jumped from 243 to 36
* The stable DAI coin has also penetrated the top 50 cryptocurrencies by market capitalization.

Sure after cryptocurrencies dropes those currencies gain high ranking, because they are following the USD price, but we must notice that's if USD dropes those coins will be dropped also

[BTC Future 3946]

I don't see the stable coins as something we should be cheering about. Personally I don't own any tether which at any given time might have problems. These coins are good for trading, as they cover the limited deposits of usd the exchanges hold. Still tether has grown to more than 6billion USD and never accepted and audit from a 3rd party, meaning we can't know if they have the reserves they claim.

[SuperCrypto 7193]

One of the explanations that makes investors resort to bitcoin is the flexibility of bitcoin in relation to other cryptocurrencies, and investors in the crypto space may see bitcoin as the best fixed digital symbol at the moment. 

 

[Philippe2001 356]

The cryptocurrency is affected
 From the price of bitcoin
And the latest updates about the prices of cryptocurrencies
 and the recorded market values and the latest statistics in trading platforms
 may help us in knowing where the bitcoin price is heading 
and gains can be achieved when falling and prices rise daily

[Opinder 1310]

On 3/20/2020 at 3:04 AM, Beromnia said:

Welcome with me

 

While most cryptocurrencies have lost half of their market value in one month, many stable currencies have experienced recent growth in their market share.
 There are currently six stable currencies among the top 50 cryptocurrencies by market value.

* USDT Tether is ranked fourth

* USDC ranks 17th after it ranked 30th

* Paxos is ranked 27th from 42nd

Other stable currencies achieve noticeable gains, such as:
* TUSD climbed to the top 50 cryptocurrencies by market value - up from 60th to current rank as 35th best cryptocurrency.

* Binance Dollars (BUSD), which was launched just six months ago, made a tremendous gain, and from February 16 to March 15, Binance Dollars jumped from 243 to 36
* The stable DAI coin has also penetrated the top 50 cryptocurrencies by market capitalization.

I do not think it is market share. It is just marketcap because stable coins price has not fallen and their marketcap remained same but other coins marketcap has fallen. So stable coins have got higher rank on the basis of marketcap. And market share is related to the volume of customers in market.

[iloveyobit 6599]

I think that currencies that have a fixed price will not move or change their price because they are intended to freeze money or transfer it between platforms, they are considered like safe access for traders.

[Saj555 2250]

Maybe after the fall these stable coins will be much effective to all the users. Tether was the most traded currency in previous year. So it passed the rank of bitcoins also. Also in market value it is ranked in the fourth position. So there are quite a few chances available to cover the market with this currency. This is the most potential currency with full benefits.  

[Whited35 15285]

I can be wrong but usually used to think like stable coin like USDT price might also get increased against the price of Bitcoin in the market. Once the there is the decrease of price of top cryptocurrency like Bitcoin , then stablecoin will be stable at their original value. 

[guatazoo 7150]

On 3/20/2020 at 12:34 AM, Beromnia said:

Welcome with me

 

While most cryptocurrencies have lost half of their market value in one month, many stable currencies have experienced recent growth in their market share.
 There are currently six stable currencies among the top 50 cryptocurrencies by market value.

* USDT Tether is ranked fourth

* USDC ranks 17th after it ranked 30th

* Paxos is ranked 27th from 42nd

Other stable currencies achieve noticeable gains, such as:
* TUSD climbed to the top 50 cryptocurrencies by market value - up from 60th to current rank as 35th best cryptocurrency.

* Binance Dollars (BUSD), which was launched just six months ago, made a tremendous gain, and from February 16 to March 15, Binance Dollars jumped from 243 to 36
* The stable DAI coin has also penetrated the top 50 cryptocurrencies by market capitalization.

I'm thinking that's in the future this stable crypto coins which spotting the USD price must become to the top in the future especially USDT, because they are moving like USD move.

[BrolySSJ 7899]

the currencies that you have mentioned here are growing primarily due to their link that that they have with the American dollar. The American dollar is growing in its value and becoming stronger against the other fiat currencies of the world, and this rise could be the primary reason of these cryptos increase in their value during the time that other cryptos are experiencing a market crash.

[bentayebsalah 2280]

This is only temporary and the cryptocurrencies will return to take over the market again and rise again

[Ali_hmwi 966]

From these information the number of best coins in the market could be taking from the job that it provide us in the market and the daily using in the market in general not just the prices.

[Maroua 1159]

Thank you for this information, which has separated many things. I like these kinds of publications, which makes me enter into the world of encrypted auntie. Thanks a lot, my dear brother, for this useful post.

[SuperCrypto 7193]

Dollar-stable, stable digital currencies have flourished in response to the crypto market crash, with the market size of the US Dollar digital currency “USDT” exceeding $ 5 billion. Its trading volume exceeded that of Bitcoin and the rest of the other cryptocurrencies.

[Lover840 0]

On 3/20/2020 at 3:04 AM, Beromnia said:

Welcome with me

 

While most cryptocurrencies have lost half of their market value in one month, many stable currencies have experienced recent growth in their market share.
 There are currently six stable currencies among the top 50 cryptocurrencies by market value.

* USDT Tether is ranked fourth

* USDC ranks 17th after it ranked 30th

* Paxos is ranked 27th from 42nd

Other stable currencies achieve noticeable gains, such as:
* TUSD climbed to the top 50 cryptocurrencies by market value - up from 60th to current rank as 35th best cryptocurrency.

* Binance Dollars (BUSD), which was launched just six months ago, made a tremendous gain, and from February 16 to March 15, Binance Dollars jumped from 243 to 36
* The stable DAI coin has also penetrated the top 50 cryptocurrencies by market capitalization.

USDT knows an tether is one of the best stable crypto currency. This currency is really performing well in the crypto market. All the time it gain a larger share in market whenever unstable big coins fall.

[Raqeebzy 6456]

These few days is actually the pay days for most stable coins. This little time that we are right now will definitely see bitcoin dropping and stable coins appreciating. They shouldn't be considered as replacement for bitcoins though. 

[Prince90 668]

Well this is really good but now the market has started to stable bitcoi is gaining  its old price littke by little bitcoin is right now at 7300dollar lite oin is 50$ and ethereum is going over 170$ which is very good sign for the market.

[guatazoo 7150]

On 3/20/2020 at 12:34 AM, Beromnia said:

Welcome with me

 

While most cryptocurrencies have lost half of their market value in one month, many stable currencies have experienced recent growth in their market share.
 There are currently six stable currencies among the top 50 cryptocurrencies by market value.

* USDT Tether is ranked fourth

* USDC ranks 17th after it ranked 30th

* Paxos is ranked 27th from 42nd

Other stable currencies achieve noticeable gains, such as:
* TUSD climbed to the top 50 cryptocurrencies by market value - up from 60th to current rank as 35th best cryptocurrency.

* Binance Dollars (BUSD), which was launched just six months ago, made a tremendous gain, and from February 16 to March 15, Binance Dollars jumped from 243 to 36
* The stable DAI coin has also penetrated the top 50 cryptocurrencies by market capitalization.

Till today the USDT still remain in the fourth ranking, but USDC has dropped to 20th ranking, so that shows how USDT will become more competitor in the future of cryptocurrencies.

[AmjadBydn 0]

Yes you are right my friend ! when the market fall down we have to use the stable coins to avoid losing ! so we have to use it to make our money safe ! USDTE or USDT are one of these stable coins ! and it's the best for sure !

[Adrian Adkins 11]

Truly, after the cryptographic forms of money are down, stable monetary standards are picking up piece of the overall industry. Obviously, this is totally typical. While its rivals are in decay, they will need to expand their incentive by making the essential speculations to show themselves. Right now, will attempt to arrive at the estimation of their rivals.

[Nezar 7169]

Frankly, I have noticed this matter as I have seen many. Stable currencies go up in price, but I cannot rely on these currencies. I prefer always independent currencies.

[Bruno52 1141]

I think that it would be a good idea for people using crypto currency to invest in these stable coins as their prices might rise and produce a lot of profit for those who invested.