Also I am still wondering if u think the current

Question

Also I am still wondering if u think the current

rise in marketcap for Frax will accelerate or decelerate in a long term bear market. U stated multiple times that a bear market is a bull market for stablecoins. However do u think this is true for bearish periods in a bull market or also in case of a long term bear market. If I for example compare the market cap of USDT since 2018-05-01 until 2020-05-01 it rose by 220%, while from 2020-05-01 until 2021-10-03 it rose with 804%. In terms of USDC between 2018-10-28 until 20:05:01 the market cap increased by 485%, while between 2020-05-01 until and 2021-10-03 it rose with 4166%. I understand the logic behind the reason that people will hedge with stablecoins during a crash, however, seeing these numbers will FRAX follow this kind of pattern or do u think the growth will accelerate in a long term bear market?

#cryptocurrency #english #frax

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03.10.2021

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Sam Kazemian ¤⛓️¤ · Accepted Answer

Sam Kazemian ¤⛓️¤

Just to answer this question now, you shouldn't compare the market cap growth of a stablecoin to itself. You should compare all growth against dollar units. You should compare market cap growth to the volatile assets. In a market downturn, the growth of BTC is -50% while stablecoin growth is actually positive.

0

03.10.2021

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