-
ARS 1,092.70 (+0.08%) -
BTC 63,954.18 (+0.49%) -
ETH 3,142.56 (+0.64%) -
SOL 146.07 (-0.59%) -
PEPE <0.01 (-4.44%) -
DOGE 0.16 (+0.63%) -
WIF 3.26 (-5.03%) -
WLD 5.71 (+12.03%) -
BOME 0.01 (-5.40%) -
NEAR 7.41 (+7.79%) -
RNDR 9.76 (+8.11%) -
BONK <0.01 (-4.40%) -
ETHFI 4.02 (+0.05%) -
AR 40.12 (+12.53%) -
ENA 0.81 (-2.99%) -
AVAX 37.14 (+0.03%) -
FLOKI <0.01 (-2.46%) -
ARKM 2.61 (+13.04%) -
XRP 0.53 (-0.49%) -
GLM 0.63 (+10.24%) -
SUI 1.11 (+3.03%) -
OP 2.90 (-0.41%) -
ORDI 39.61 (-2.82%) -
RUNE 5.27 (-0.96%) -
AGIX 0.96 (+7.10%) -
FIL 6.17 (+0.62%)
Stablecoin dominance slides as market cap falls to near 2 year lows CCData
Published: 2023-07-21
1. Stablecoin Dominance Market Cap Nears Two-Year Low - The article focuses on the declining dominance of stablecoins in the cryptocurrency market. - Stablecoins are cryptocurrencies that are designed to maintain a stable value by being pegged to an external asset or by using algorithms to manage the supply and demand. - The dominance of stablecoins is measured by their market capitalization compared to other cryptocurrencies. - The stablecoin dominance has reached a two-year low,indicating a shift in investor preferences towards other types of cryptocurrencies. - This trend suggests that more investors are willing to take risks and invest in cryptocurrencies with higher potential for returns,rather than sticking to stablecoins that offer greater stability but limited upside.
2. Factors Influencing the Decline in Stablecoin Dominance - The article discusses several factors that could be contributing to the decline in stablecoin dominance. - One factor is the increased interest in decentralized finance (DeFi) projects,which offer innovative ways to earn higher returns on cryptocurrencies. - Another factor is the growing popularity of non-fungible tokens (NFTs),which have gained significant attention in recent months and attracted investments from a wide range of individuals and institutions. - The article also mentions the impact of regulatory developments,such as the increasing scrutiny of stablecoin projects by regulatory authorities around the world. - Additionally,the availability of a wider range of cryptocurrencies with promising growth potential might be diverting investors' attention away from stablecoins.
3. Potential Implications of the Declining Stablecoin Dominance - The article highlights some potential implications of the decreasing dominance of stablecoins in the market. - A lower dominance of stablecoins could lead to increased volatility in the cryptocurrency market as investors flock to riskier assets. - It might also imply a shift in market sentiment,with investors becoming more confident in the overall stability and potential of the cryptocurrency market. - The declining dominance of stablecoins could also prompt stablecoin issuers to reassess their strategies and come up with innovative features or incentives to regain market share. - Lastly,the article suggests that this trend could create opportunities for other types of cryptocurrencies to gain more prominence and potentially reshape the landscape of the crypto market. (Note: The word count for each topic is provided in parentheses)
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | ARS |
1,092.70 | 1,403,298,884.50 |
| 2 | BTC |
63,954.18 | 1,241,294,301.70 |
| 3 | ETH |
3,142.56 | 707,149,468.49 |
| 4 | SOL |
146.07 | 312,324,494.03 |
| 5 | PEPE |
<0.01 | 312,201,423.02 |
| 6 | DOGE |
0.16 | 289,984,012.39 |
| 7 | WIF |
3.26 | 164,233,740.22 |
| 8 | WLD |
5.71 | 126,678,890.33 |
| 9 | BOME |
0.01 | 118,274,393.77 |
| 10 | NEAR |
7.41 | 102,118,566.45 |
| 11 | RNDR |
9.76 | 94,847,831.43 |
| 12 | BONK |
<0.01 | 86,105,705.04 |
| 13 | ETHFI |
4.02 | 80,481,650.20 |
| 14 | AR |
40.12 | 76,046,896.10 |
| 15 | ENA |
0.81 | 75,054,839.20 |
| 16 | AVAX |
37.14 | 72,202,669.56 |
| 17 | FLOKI |
<0.01 | 69,782,895.80 |
| 18 | ARKM |
2.61 | 67,900,381.04 |
| 19 | XRP |
0.53 | 62,955,036.70 |
| 20 | GLM |
0.63 | 54,729,516.02 |
| 21 | SUI |
1.11 | 49,087,920.21 |
| 22 | OP |
2.90 | 45,878,691.82 |
| 23 | ORDI |
39.61 | 39,261,965.31 |
| 24 | RUNE |
5.27 | 37,245,280.72 |
| 25 | AGIX |
0.96 | 34,544,186.11 |
| 26 | FIL |
6.17 | 33,977,133.57 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 |  CTXC |
0.37 | +13.39 |
| 2 | ARKM |
2.61 | +13.04 |
| 3 |  NFP |
0.50 | +12.73 |
| 4 | AR |
40.12 | +12.53 |
| 5 | WLD |
5.71 | +12.03 |
| 6 |  RSR |
<0.01 | +11.11 |
| 7 | GLM |
0.63 | +10.24 |
| 8 |  VANRY |
0.19 | +8.76 |
| 9 | RNDR |
9.76 | +8.11 |
| 10 |  AI |
1.15 | +8.09 |
| 11 | NEAR |
7.41 | +7.79 |
| 12 |  ADX |
0.22 | +7.62 |
| 13 |  ERN |
4.43 | +7.43 |
| 14 | AGIX |
0.96 | +7.10 |
| 15 |  IQ |
0.01 | +6.95 |
| 16 |  OCEAN |
0.97 | +6.04 |
| 17 |  JASMY |
0.02 | +5.85 |
| 18 |  PDA |
0.08 | +5.78 |
| 19 |  PSG |
5.17 | +5.70 |
| 20 |  ATOM |
9.20 | +5.29 |
| 21 |  DYDX |
2.29 | +5.24 |
| 22 |  BOND |
3.16 | +5.12 |
| 23 |  NMR |
26.48 | +4.83 |
| 24 |  RLC |
2.79 | +4.61 |
| 25 |  PYTH |
0.56 | +4.11 |
| 26 |  FLUX |
0.95 | +4.04 |
| 27 |  TLM |
0.02 | +3.83 |
| 28 |  OSMO |
0.92 | +3.77 |
| 29 |  MAGIC |
0.80 | +3.77 |
| 30 |  LTO |
0.19 | +3.57 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 | REZ | 0.18 | -8.14 |
| 2 | W | 0.68 | -7.62 |
| 3 | BOME |
0.01 | -5.40 |
| 4 |  KMD |
0.40 | -5.14 |
| 5 | WIF |
3.26 | -5.03 |
| 6 |  LEVER |
<0.01 | -4.89 |
| 7 |  VGX |
0.09 | -4.62 |
| 8 | PEPE |
<0.01 | -4.44 |
| 9 | BONK |
<0.01 | -4.40 |
| 10 |  SFP |
0.80 | -4.04 |
| 11 |  JTO |
3.40 | -3.87 |
| 12 |  VIC |
0.62 | -3.80 |
| 13 |  LSK |
1.91 | -3.78 |
| 14 |  CTK |
0.70 | -3.46 |
| 15 |  CLV |
0.08 | -3.43 |
| 16 |  1000SATS |
<0.01 | -3.16 |
| 17 | ENA |
0.81 | -2.99 |
| 18 |  DATA |
0.06 | -2.97 |
| 19 |  ATA |
0.20 | -2.84 |
| 20 | ORDI |
39.61 | -2.82 |
| 21 |  COS |
0.01 | -2.81 |
| 22 |  HARD |
0.19 | -2.65 |
| 23 |  STX |
2.31 | -2.54 |
| 24 |  RIF |
0.18 | -2.51 |
| 25 | FLOKI |
<0.01 | -2.46 |
| 26 |  LDO |
2.03 | -2.45 |
| 27 |  WIN |
<0.01 | -2.29 |
| 28 |  HIFI |
0.83 | -2.26 |
| 29 |  INJ |
24.22 | -2.06 |
| 30 |  ICP |
13.05 | -1.91 |
Bitcoin's Greed and Fear Index.
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | FOMC Member Barkin Speaks | Monday | 06-05-2024 | 17:50 |
| 2 | FOMC Member Williams Speaks | Monday | 06-05-2024 | 18:00 |
| 3 | Loan Officer Survey | Monday | 06-05-2024 | 19:03 |
| 4 | RCM/TIPP Economic Optimism | Tuesday | 07-05-2024 | 15:03 |
| 5 | Consumer Credit m/m | Tuesday | 07-05-2024 | 20:00 |
| 6 | Final Wholesale Inventories m/m | Wednesday | 08-05-2024 | 15:00 |
| 7 | Crude Oil Inventories | Wednesday | 08-05-2024 | 15:30 |
| 8 | FOMC Member Jefferson Speaks | Wednesday | 08-05-2024 | 16:00 |
| 9 | 10-y Bond Auction | Wednesday | 08-05-2024 | 18:01 |
| 10 | FOMC Member Cook Speaks | Wednesday | 08-05-2024 | 18:30 |
| 11 | Unemployment Claims | Thursday | 09-05-2024 | 13:30 |
| 12 | Mortgage Delinquencies | Thursday | 09-05-2024 | 15:00 |
| 13 | Natural Gas Storage | Thursday | 09-05-2024 | 15:30 |
| 14 | 30-y Bond Auction | Thursday | 09-05-2024 | 18:01 |
| 15 | FOMC Member Bowman Speaks | Friday | 10-05-2024 | 14:00 |
| 16 | Prelim UoM Consumer Sentiment | Friday | 10-05-2024 | 15:00 |
| 17 | Prelim UoM Inflation Expectations | Friday | 10-05-2024 | 15:00 |
| 18 | FOMC Member Barr Speaks | Friday | 10-05-2024 | 18:30 |
| 19 | Federal Budget Balance | Friday | 10-05-2024 | 19:00 |
