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Do you think it is safer to invest in stable coins than other coins
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[QUOTE="Mika, post: 229921, member: 29399"] If you check the top 20 cryptocurrencies according to the market cap rank, you see that there are 5 stable coins. Currently, After Bitcoin and Ethereum, Tether stands at number 3 in the market cap rank with the market cap of 80.82 billion USD. Its nearest competitor is BNB with market cap of 65 billion USD. Can USDT topple ETH or BTC to become number 1? Well, that's not possible because despite drop in 40 percent from its all time high, market cap of ETH is still 347 billion USD and market cap of BTC is still 782 billion USD. Just below BNB, at number 5 is USDC, which has a market cap of 52.98 billion USD. Another stable coin BUSD is at humber 12 by market cap rank, Tera USD at 14 and DAI at number 19. Can you actually profit from stable coin? No! Stable coins do not gain value just like other coins, their value appreciate according to the asset they are pegged with, for instance USD or Gold. Stable coins were created to minimize the risk of volatility. When the price of other coins go up, their market cap will also increase, for instance when bitcoin was all at $68,000, the market cap was over 1.6 trillions. [/QUOTE]
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Do you think it is safer to invest in stable coins than other coins
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