Keep in mind that since it is designed for transactions it is actually decently stable because it has actual usage and not just HODLers. By being used to actually buy things the price discovery happens more often and a solid floor price is established. The lowest i have seen it so far is $126 while the highest i have seen it was $180. Sure, thats a 30% total range, but that has always taken months to happen. You don’t wake up one morning to a 30% drop.
Keep in mind that since it is designed for transactions it is actually decently stable because it has actual usage and not just HODLers. By being used to actually buy things the price discovery happens more often and a solid floor price is established. The lowest i have seen it so far is $126 while the highest i have seen it was $180. Sure, thats a 30% total range, but that has always taken months to happen. You don’t wake up one morning to a 30% drop.
Yes that makes sense. And also more accurate with the original philosophy cryptos should have had.