A decentralized solution to money would entail transparency immutability, high availability and security in addition to being programmable. Further more a globally accessible price stable cryptocurrency has tremendous value in countries with hyper inflation.
Getting into bittrace it is an platform to enjoy a new digital currency which deals with less fluctuation and maximum stability. It even provides low transaction fees.
While this is true sentiment the same can be said of bitcoin and etherum. Why buy digital gold when one can buy physical gold? The reason why is due to the allure of decentralization. There has never been a time in history . where strangers could trust each other especially with regards to money.
It is the nature of markets to push expectations about the future into current prices. Deterministic money supply combined with uncertain future money demand conspire to make the market price of a coin a sort of prediction market on its own future adoption. Since rates of future adoption are highly uncertain, high volatility is inevitable, as expectations wax and wane with coin-related news, and the coin market rationalizes high expected returns with high volatility (no free lunch).A stable coin is that is pegged to another stable asset, like gold or the US dollar.
