Details about Ceres cryptocurrency
€454,827 ( 6.11336%)
€487
23,409
23,409
1
Unknown
https://cerestoken.io/
@TokenCeres
2721960x
€50383400
Ceres price charts
CERES exchanges
Ceres, the crypto
Ceres (CERES) is a decentralized stablecoin that is backed by a basket of cryptocurrencies and pegged to the US dollar. It is built on the Binance Smart Chain (BSC) and its value is maintained through an algorithmic system that adjusts its supply based on market demand.
The point
The main point of Ceres (CERES) is to provide a stablecoin that is resistant to the volatility of individual cryptocurrencies and can be used for transactions and savings without the risk of losing value. It also allows users to earn interest on their holdings through staking and liquidity provision.
The problem
Ceres (CERES) tries to solve the problem of stability in the cryptocurrency market. Traditional cryptocurrencies are known for their volatility, which can make them risky and impractical for everyday use. By creating a stablecoin that is backed by a basket of cryptocurrencies and pegged to the US dollar, Ceres aims to provide a stable and reliable option for transactions and savings in the cryptocurrency ecosystem.
Compare CERES and BTC performance
| Timeframe | CERES | BTC |
|---|---|---|
| 1h change | -0.539236 % | -0.234911 % |
| 24h change | 1.21 % | 1.25967 % |
| 7 day change | -1.89 % | -1.44157 % |
| 14 day change | -14.58 % | -9.47799 % |
| 30 day change | -35.39 % | -7.33786 % |
| 200 day change | 38.25 % | 129.168 % |
| Year change | -31.29 % | 129.33 % |