Hello friends !! how are you!! today , I want to share with you about crypto currency . Crypto currency market has survived a lot of things: major exchange hacks, involvement from the US Securities and Exchange Commission (SEC), ban on crypto currency ads by Google, Facebook , Twitter and other online sources, and unpredictable government interfare and attempts at time to time.
All these factors have in some way been responsible for a massive correction in crypto currency market cap , from an all-time high of over $850 billion in January to about $260 billion at the time of writing this.
Amidst these events many experts, renowned economists, and pundits have declared the death of crypto currency. But it hasn’t died.
However, many experts agree that one factor could finally deal crypto currencies a fatal blow: the stable coin Tether.
Most cryptocurrencies arerelated to Bitcoin and, due to Bitcoin’s huge price volatility affects the prices of other crypto currencies. The idea behind the stable coin is to have a coin with a fixed price that isn’t subject to sudden price swings. This “stable coin” is then pegged to, and backed by, actual fiat currency to guarantee its stability.