|All Time High:|
|Market Cap: |
|The price of #EOSDT today is $1.14 USD.|
The lowest EOSDT price for this period was $0, the highest was $1.14, and the exact current price of one EOSDT crypto coin is $1.14474.
The all-time high EOSDT coin price was $1.66.
Use our custom price calculator to see the hypothetical price of EOSDT with market cap of ETH or other crypto coins.
|The code for EOSDT crypto currency is also #EOSDT. |
EOSDT is 3.5 years old.
|The current market capitalization for EOSDT is $6,172,750.|
EOSDT is ranking downwards to #1128, by market cap (and other factors).
|The trading volume is unknown during the past 24 hours for #EOSDT.|
|The circulating supply of EOSDT is 5,392,292 coins, which is 100% of the maximum coin supply.|
A highlight of EOSDT is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
|EOSDT has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 1 crypto exchange.|
More EOSDT (#EOSDT) News
|Top Decentralized Stablecoin Alternatives to USTC (Formerly UST)
The recent cataclysmic crash of the Terra Classic (LUNC; formerly LUNA) left several people bankrupt. South Korean officials reported 8 confirmed suicides due to this blow.
Stablecoins emerged as a way for cryptocurrency investors to park their funds to escape from volatility. USTC (formerly UST) was among the largest stablecoins by market cap and the single largest stablecoin on the Cosmos blockchain.
This is not the first time an algorithmic stablecoin fell below the point of recovery. So much so that the head of the IMF even suggested that stablecoins that are not backed by physical assets are similar to pyramid schemes.
However, a crash as biblical as that of UST was a first for a stablecoin. While history seemed to have indicated this to be an obvious outcome, the utility of UST and the communities around LUNC-UST indicated otherwise.
The Death Spiral – Here’s What Went Wrong
Stablecoins are digital assets whose value is pegged to a fiat currency or other asset. USTC is one such stablecoin, pegged to the US dollar by not backed by it.
LUNC maintained USTC’s price algorithmically, using a mint and burn mechanism. When USTC’s demand-to-supply ratio was high, more LUNC was burnt. Contrariwise, more LUNC was minted when USTC’s supply-to-demand ratio was high. This created an arbitrage opportunity for traders which helped maintain USTC’s price at approximately $1.
However, when the selling pressure became too high for the algorithm to keep ...