The key issue that crypto tokens face when used for payments is their volatility. Stablecoins were created to remove this risk and utilize the speed of crypto without the volatility. In fact, stablecoins aim to maintain their value equal to a FIAT currency, such as the USD.
Two of the most popular stablecoins are Dai (DAI) or Tether (USDT), but which is the safest option? Join us as we look at the price performance of both, and see why analysts recommend Tradecurve instead.
Summary
- The Dai coin price has remained stable at a 0.1% volatility rating but trades at $0.997473, not $1
- While Tether does trade at $1, it saw a 0.3% volatility rating during the past year
- Tradecurve has surged by 80% and is expected to experience a 40% climb during July
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Dai Coin Historical Performance
The Dai stable coin is an Etereum-based stablecoin, which is controlled by the MakerDAO. Unlike other stablecoins, it is backed by several other cryptocurrencies in its reserves. Its role is to maintain its peg to the USD. Each time a new DAI gets minted, a collection of crypto assets gets locked into a smart contract as collateral.
However, as of recently, Dai has been struggling to maintain a stable $1 price point. As of July 14, 2023. Dai trades at $0.999648. During the previous week, its low point was at $0.997473, with its high at $1.01.
While the cryptocurrency showcases a 0.1% difference across its one-year performance, Dai is one of the volatility proof coins to have in your crypto portfolio.
Current Tether Price and the Potential of Volatility
The Tether crypto, on the other hand, is one of the oldest stablecoins in crypto. It has managed to gain a solid reputation due to its stability. Tether is used to protect users transacting in crypto from price volatility. Unlike DAI, however, it’s backed by a one-to-one reserve in USD.
Tether is trading at approximately $1 as of July 14, 2023. In terms of its weekly performance, however, Tether also went under $1 for a small time frame. $0.998779 was the lowest price point for Tether during the week.
As for its price fluctuations, they’ve been at a maximum point of 0.3% for Tether. While Tether is currently at $1, its historical chart showcases that it has also experienced some volatility.
Why Analysts Recommend Tradecurve as an Alternative
While Stablecoins like Dai and Tether are solid options for those just looking to transact, some investors want to experience high ROI. As a result, they have been turning to Tradecurve based on recommendations from analysts. Tradecurve has seen a spike in value of 80% during the past month, from $0.010 to $0.018. Its Stage 4 presale is almost complete, and it will spike by 40% at Stage 5.
However, the key features that help Tradecurve stand out include its high leverage, starting at 500:1, and algorithmic trading opportunities. Users can subscribe to AI-driven trading bots.
These analyze market conditions and trends and execute trades automatically in order to create the most optimal portfolio. Anyone can utilize them to trade the global forex markets worth $753.2 billion.
In addition, access to Tradecurve is fully borderless as no KYC procedures are involved. Users make a deposit and use the collateral to trade any derivative alongside cryptocurrencies. Analysts predict that TCRV can climb by 100x at launch, making it one of the most high-growth altcoins available.
For more information about the TCRV presale:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
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