Review on TrueUSD by Rupanshu Kumar
Even though the technology has been discussed in tech circles and amongst…
Even though the technology has been discussed in tech circles and amongst insiders for years, it is only recently that cryptocurrencies have started making their way into the mainstream. As values of currencies begin to rise, it is hard for investors to keep their eyes off these new digital assets.
With Bitcoin’s meteoric jump in value over the past couple of years resulting in a price of over $14,000 a token at the end of 2017, a variety of new cryptocurrencies have begun to appear in the market to challenge and compete with the success of the original Blockchain based transaction system. The problem many investors find with Bitcoin and other altcoins is that they struggle to maintain a consistent value and are almost completely unpredictable as their value relies solely on the supply and demand of tokens.
The solution to this volatility, in the minds of many crypto enthusiasts, lies in Stablecoins.
And thus my vote goes for trueUSD. Looks promising coin with stable future.
Pros
- Good optimal stable coin
Cons
- Tough competition from other stable coin, liquidity
