Given that speculation is one of the, if not the, first mover use cases in crypto, we thought it might be useful to discuss the mechanisms for said speculation. Speculation is an exercise in price discovery
Just like the traditional currency market, cryptocurrency market is open 24 hours, 7 days a week. People are quick to take advantage of making a profit whenever news is released due to the price movement
The quest for a viable “stablecoin” has been one of the recurring themes in the cryptocurrency world for a while now. Notably, Ethereum co-founder Vitalik Buterin wrote an article on the subject in Nov,