Stablecoins Gain Market Share Amid Crypto Bloodbath

[newshunter]

Stablecoins Gain Market Share Amid Crypto Bloodbath

While most cryptocurrencies have lost half of their capitalization in one month, many stablecoins have seen recent growth in market share

Source: Stablecoins Gain Market Share Amid Crypto Bloodbath

Would appreciate your opinion about this

[Bobcrypto]

yes, this is like a back up coins to safeguard on the adversity days. In life, there are possibilities for 'ups and down' in every human endeavor, and crypto experts were able get this ideal of a stable coins to safeguard against the bad times. I think is good for the overall interest of crypto users world wide.

[Alcor]

Of course, now is a very convenient time for the growth of stable coins capitalization. The cryptocurrency market is falling, coin and token holders are transferring their funds to stable coins. The growth of their capitalization indicates that people are holding them in the hope of a recovery in the cryptocurrency market after some time and the return of their funds back to the cryptocurrency. Stable coins in this case provide good assistance to the participants of the cryptocurrency market.