6/13/2021 0 Comments
Caitlin Long, the CEO of Avanti Bank & Trust, which specializes in digital assets, revealed a stunning revelation about the world's largest stablecoin in a lengthy series of tweets.
It turns out that the majority of the US dollars used to back the stablecoin Tether are actually “commercial paper.” This was a big surprise because commercial paper is a riskier investment than Treasury bills.
Caitlin Long mentioned in a series of Saturday tweets that Tether Holdings Limited's allocation of Tether's (USDT) reserves was not invested in "short-term, low-risk liquid securities," but rather in "who knows what quality" credit assets.
According to Avanti's CEO, traders may have felt pressured to sell other cryptocurrencies in order to reduce their total risk exposure, given that stablecoin – which is ranked sixth with a market cap of $ 58 billion – has the potential to lower other tokens during a credit market correction.
“If Tether remains a de facto credit hedge fund by investing reserves in this way, the markets can now safely predict that Bitcoin and crypto prices are likely to exhibit a strong correlation with the credit markets,” said by Caitlin Long. “They’ll probably correct together.”
6/11/2021 0 Comments
Moonshot is a SafeMoon fork. This means that its protocol is a modified version of SafeMoon's. They are, however, distinct tokens; one's movement or protocol changes have no effect on the other.
Moonshot was only recently launched, with the presale taking place at the end of March, the Binance Smart Chain serves as the foundation for the Moonshot protocol.
Each transaction generates 4% of the total revenue, which is distributed to Moonshot token holders. This increases the desire to handle the tokens in their wallets.
Following that, 6% of all transactions are automatically locked into the liquidity pool. This percentage offers lower volatility and a constant increase in the price floor.
How to Buy MoonShot Coin ?
To purchase MoonShot, cryptocurrency users must first purchase some USDT and then exchange it for MoonShot. We prefer HotBit; a Crypto Currency exchange with over a thousand different Altcoins and supreme blockchain security.
Also using PancakeSwap is a very popular way to receive Moonshot Tokens.
MoonShot Price Prediction
MoonShot is a relatively new cryptocurrency, and its value has the potential to fluctuate in any direction in the future. Many cryptocurrency experts have predicted the price of MoonShot Token. The price of MoonShot Token is $0.0000000115 at the time of writing this article.
According to BTCTap Digital Coin Price, the price of MoonShot could reach $0.000006 by the end of 2021.
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