PetroDollar (XPD)
Details about PetroDollar cryptocurrency
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PetroDollar price charts
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PetroDollar, the crypto
PetroDollar (XPD) is a cryptocurrency that was established in 2014. It is commonly called the first oil-indexed cryptocurrency because it is pegged to the value of oil.
The point
The main purpose of PetroDollar (XPD) is to create a stablecoin that is not subjected to the volatility of the cryptocurrency market. The value of PetroDollar (XPD) is based on the price of crude oil, which is a globally recognised and stable commodity.
The problem
The problem PetroDollar (XPD) is addressing is the volatility of cryptocurrencies. The value of most cryptocurrencies is not stable because it is influenced by different factors that lead to changes in the price. PetroDollar (XPD) tries to solve this issue by pegging its value to oil, which is a widely traded commodity with a stable price.
Compare XPD and BTC performance
Timeframe | XPD | BTC |
---|---|---|
1h change | 0 % | -0.434243 % |
24h change | 0 % | 0.748949 % |
7 day change | 0 % | 6.28102 % |
14 day change | 96 % | 4.81165 % |
30 day change | 25.49 % | 23.3841 % |
200 day change | -39.53 % | 170.377 % |
Year change | 39.18 % | 155.76 % |