In a short time yesterday, the steblecoin Tether (USDT) ranked 4 in terms of market capitalization in cryptocurrency charts. Today, bitcoin (BTC) and other altcoins are green. EOS returned to 4-place with a sudden increase of 21%, and Stellar (XLM) is now in the 5-th place with an increase in the price of almost 9%. At some point, it turned out that investors are selling off their assets in stablebinks with some pleasure.
Market capitalization Tether falls to $ 1,85 billion before rising:
Given the outstanding controversy surrounding Tether and the growth of many other stebblokoinov, his recent results deserve attention. Tether’s market capitalization has lost about $ 700 million in recent months, but last week the coin also reached 5 in market capitalization.
As Tether has received close attention from researchers for its participation in the 2017 bitcoin price boom of the year, regulative steklokoiny, such as Gemini Dollar (GUSD) and Paxos Standard Token (PAX), have gained popularity.
Paxos, like Gemini Dollar, was approved by the New York Department of Financial Services (NYDFS). PAX's market capitalization also declined today before recovering. A similar story with the new stableUSK TrueUSD (TUSD):
Although we do not say that the market is recovering, it's nice to see that trading volumes are growing, not falling. Investors seem to have shifted from some of their safer, steablocoin residues to more volatile coins.
Today, EOS shows the best performance among the top-20 coins, but so far there is no clear reason for today's growth. However, in the blockchain ecosystem, there is a certain activity in the development of EOS. A three-week EOS workshop is currently taking place in India, and the global hackathon in Cape Town, South Africa, has just been completed.
EOS also grew 16% over the weekend and is performing and performing as well as the rest of the entrants in the face of the current market challenges. EOS could be the next choice for Coinbase to add to your platform. Like Waves' recent results, EOS's price action could be a sign of confidence in the underlying EOS blockchain technology.