MultiversX Tracker is Live!

Why do I not hear of people capitalizing on stablecoin fluctuations?

All Cryptocurrencies

by COINS NEWS 181 Views

With the recent UST/ Luna news, I started looking more into the stability of other stablecoins, and realized that stablecoins like dai and usdt find themselves 3 percent or more off peg often enough for it to seem like an opportunity. Why do I not hear of traders putting buy orders or short orders just a few percent outside the 1.00 mark and waiting for a hit, knowing that 99.9 percent of the time, it returns to normal pricing? Sure, it won’t make you rich, but it sure looks like you could beat the S&P. Is there not enough liquidity during these spikes to make it possible to trade?

submitted by /u/Ethereal_Motion
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments