Djed Stable Currency Proves Its Worth Amid USDC Fluctuations
It is reported that according to the data of coinmarketcap, the stable currency Djed on the Cardano chain has gained a premium higher than the market performance under the recent fluctuation of the US dollar stable currency USDC, even reaching US $1.08 at one time, and has now fallen slightly to US $1.02. In addition, the direct price difference between USDT and Djed has reached about 1%, while the trading volume has also continued to increase. The data also shows that Djed’s current reserve is about 33.28 million ADAs, the mortgage rate is 428%, and the fully diluted market value reaches 1018522837484 dollars. （u.today）
The premium of the stable currency Djed on the Cardano chain once rose to $1.08
Analysis based on this information:
The stable currency Djed on the Cardano chain is proving its worth amid the recent fluctuations of the US dollar stable currency USDC. According to data from coinmarketcap, Djed has gained a premium higher than the market performance, peaking at US $1.08 before falling slightly to US $1.02. Moreover, Djed’s direct price difference from USDT has reached about 1%, and the trading volume has been steadily increasing.
Despite the volatility of the USDC, Djed has been able to maintain its value, making it a valuable asset in times of market uncertainty. The stability of Djed can be attributed to its current reserve of 33.28 million ADAs, and its mortgage rate of 428%. These factors ensure that Djed is well-backed, and its value is not dependent solely on the performance of the US dollar.
The rising popularity of Djed is reflected in its fully diluted market value, which currently stands at 1018522837484 dollars. This indicates that investors are willing to bet on Djed’s long-term stability and value. Its success may also be attributed to the growing popularity of Cardano, which is becoming a top choice for developers and investors due to its advanced smart contract platform.
In conclusion, the stability and premium value of Djed during the USDC fluctuations indicate the trust and confidence that investors have in this stable currency. Its reserve, mortgage rate, and steady trading volume have made it a reliable option in times of market uncertainty. Djed’s success in the Cardano ecosystem is a testament to the platform’s growing popularity and reputation as a top choice for investors and developers.
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