Details about nUSD (HotBit) cryptocurrency
€496,688
33.985
Unknown
https://www.hotbit.io/
@Hotbit_news
nUSD (HotBit) price charts
NUSD exchanges
nUSD (HotBit), the crypto
nUSD (HotBit) (NUSD) is a stablecoin that is pegged to the U.S. dollar and is built on the Ethereum blockchain.
The point
The main point of nUSD (HotBit) (NUSD) is to provide a stable alternative to volatile cryptocurrencies. The stablecoin is designed to maintain a 1:1 ratio with the U.S. dollar, thereby providing crypto traders with a reliable digital asset they can hold in turbulent markets.
The problem
nUSD (HotBit) (NUSD) tries to solve the problem of volatility in the cryptocurrency market. Traditional cryptocurrencies like Bitcoin and Ethereum are notorious for their price fluctuations, which make them unsuitable as stores of value or mediums of exchange. By providing traders with a stablecoin, nUSD (HotBit) (NUSD) gives them an alternative asset that can be used to hedge against crypto market fluctuations.
Compare NUSD and BTC performance
| Timeframe | NUSD | BTC |
|---|---|---|
| 1h change | 0 % | -0.0939119 % |
| 24h change | 0 % | -0.776944 % |
| 7 day change | 0 % | -0.423738 % |
| 14 day change | 0.45 % | -5.27242 % |
| 30 day change | -5.3 % | -7.24073 % |
| 200 day change | 55.43 % | 128.555 % |
| Year change | 25.25 % | 132.267 % |