2020: Establishment and beyond.
It have been a while since the last time that Nushares have lost more than 40% of its last price peak, Nushares market cap have exceeded 10 times of the Nubits market cap.
this encouraged shareholders to vote again on the previous motion that didn’t pass back at 2018, to enforce buying/selling Nushares with Nubits through the Nu client, this feature is now included on the last Nu client version.
Other Nushares trading pairs on the centralized exchanged are still there as the exchanges samlessly facilitate this intermediate transactions automatically with the help of the Nu developers, all of this started to add some Buy pressure on the Nubits as every Nushares trade needs some Nubits first.
After keeping 150% reserve ratio for the last 6 months, and the plans to maintain an anti-inflationary peg with the USD$, along with the low transaction fees, wide acceptance of Nubits and many other advantages, Some are expecting that Nubits may be more demanded than any other inflationary and centralized Fiat currency by 2025.
This raises some worries about the effectiveness of the USD$ reserve in resisting the volatility of Nubits purchasing power, other solutions are been discussed on the decentralized NuForum. But after backing the Nubits with Nushares trading, may be Nu network has another temporary backing system to facilitate the future transition -if necessary- between the USD$ reserve and whatever stabilization system available then.
OPPORTUNITIES/TRENDS: Nushares demand, Multible backing system, system establishment, smooth fuctioning, strategic planning,