Details about basis.markets cryptocurrency
€437
1,000,000,000
20.367
Unknown
https://basis.markets/
@basismarkets
241774x
€1185.49
basis.markets price charts
BASIS exchanges
basis.markets, the crypto
basis.markets (BASIS) is a cryptocurrency project that aims to create a decentralized stablecoin, which maintains its value in relation to a basket of other assets, such as traditional currencies, commodities, or other cryptocurrencies.
The point
The main point of basis.markets (BASIS) is to provide a stablecoin that is not dependent on a single asset or centralized authority. This is done by using a system of algorithmic incentives to maintain the stablecoin's price peg to the basket of underlying assets.
The problem
One of the main problems that basis.markets (BASIS) tries to solve is the issue of stability in the cryptocurrency market. Traditional cryptocurrencies are often subject to extreme price volatility, which can make them impractical for use as a stable means of exchange or store of value. By creating a stablecoin that is pegged to a basket of assets, basis.markets (BASIS) aims to provide a more stable alternative to traditional cryptocurrencies.
Compare BASIS and BTC performance
| Timeframe | BASIS | BTC |
|---|---|---|
| 1h change | 1.0069 % | -0.113414 % |
| 24h change | -10.79 % | 0.280879 % |
| 7 day change | -7.52 % | -1.26201 % |
| 14 day change | -21.49 % | -9.72239 % |
| 30 day change | -4.52 % | -7.76318 % |
| 200 day change | 132.48 % | 126.331 % |
| Year change | 41.12 % | 132.257 % |