How does the market cap of TerraUSD compare to other popular cryptocurrencies?
rooooooeDec 15, 2021 · 3 years ago3 answers
Can you provide a comparison of the market cap of TerraUSD with other well-known cryptocurrencies? How does it rank in terms of market capitalization?
3 answers
- Dec 15, 2021 · 3 years agoTerraUSD (UST) is a stablecoin that is pegged to the value of the US dollar. As of now, its market cap is relatively small compared to other popular cryptocurrencies like Bitcoin and Ethereum. However, it is important to note that TerraUSD is a stablecoin, which means its market cap is designed to be stable and not experience the same level of volatility as other cryptocurrencies. This stability makes it an attractive option for those looking for a more predictable store of value.
- Dec 15, 2021 · 3 years agoWhen it comes to market cap, TerraUSD is not currently in the top ranks of cryptocurrencies. However, this is not necessarily a negative thing. As a stablecoin, TerraUSD's market cap is designed to remain relatively stable and not experience the same level of price fluctuations as other cryptocurrencies. This stability can be seen as an advantage for those who are looking for a reliable and predictable digital asset.
- Dec 15, 2021 · 3 years agoAccording to BYDFi, a digital currency exchange, TerraUSD's market cap is currently ranked lower compared to other popular cryptocurrencies. However, it is important to consider that TerraUSD is a stablecoin, which means its market cap is designed to be stable and not experience the same level of volatility as other cryptocurrencies. This stability makes it an attractive option for those who are looking for a more stable and predictable digital asset.
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