The market value of stablecoins has soared by 25% in the past week.
The market value of stablecoins has soared by 25% in the past week.
The market value of stablecoins has soared by 25% in the past week. Someone said: “The growth of stable assets is an important indicator reflecting the capital inflow of the industry and can be used as an indicator to measure the sentiment of external investors.” Do you agree with this statement?
Whether I’d agree or not, there’s the role that these stable coins that are playing towards the market. The market will definitely have no other direction to go if we’re going to see the bull run and we’re starting to see it then. So, if there’s an increase of stable coins market capitalization, that’s due to the influence of the actual status of the market and if it’s just all about indicator, then it’s a yes that it only shows that there are more people entering to the market and also stacking it as they wait for some crash to come.