Review on NuBits by Syed Adnan
Does it have any value?
The numbers are not very appealing, but the effort they put into maintaining the team's stability is truly commendable. This may have diminished the supply of circulation at that time, but a solution was needed and the team brought it.
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Pros
- It has all the uses that any other transaction-based currency in crypto space has, but it is easier to use because of its stability.
- It was only deprecated in June 2016, but with great difficulty, it was brought back to its peg within 3 months. The founder forced all the stops to bring it back to its 1 US dollar peg, and the circulation supply became more than 1/4 of its previous price!
Cons
- It is ranked remarkably low in terms of market cap globally, going far below even the first 1000 cryptocurrencies worldwide.
