Bitcoin peaked on April 14th at around $64,000. Now it is $32,902, a drop of 49% in less than two months. It certainly isn’t suitable for use as a currency.
US NuBits were $0.27 on April 14th. Now they are $0.3963, up 46% in less than 2 months. USNBT pricing does not move with the crypto market. It is an excellent investment in a crypto bear market.
i guess bitcoin will drop further to below 20k, Nubits is a safe haven during bear market as it is now, at 1/2 price as cheap as Us dola. Don’t forget 30% interest if you park for 1 year.
So nubits can from now on no longer be called a stablecoin?
Since posting about this 2 weeks ago, Bitcoin has declined a little more. US NuBits, in contrast, continue to rise and are now $0.465, a rise of 72% since Bitcoin peaked on April 14th. The network was designed to counter crypto pricing trends, and it is performing as designed. The more funding we have the stronger the effect.
I think one whale would be enough to pump Nubits back to peg.
Today, USDT price recorded a drop below $0.92, is there any chance for Nubits Peg to recover?