Details about Psyche cryptocurrency
€0
30,000,000
1
Unknown
42823x
€39970
Psyche price charts
USD1 exchanges
Psyche, the crypto
Psyche (USD1) is a stablecoin, which means that its value is pegged to the value of the US dollar. Each Psyche token is backed by one US dollar, which gives it stability and predictability. It is built on the Ethereum blockchain and can be easily traded on cryptocurrency exchanges.
The point
The main point of Psyche (USD1) is to provide a stable alternative to more volatile cryptocurrencies like Bitcoin and Ethereum. It can be used as a store of value, a means of payment, or a way to hedge against market volatility.
The problem
Psyche (USD1) tries to solve the problem of volatility in the cryptocurrency market. Many people are hesitant to invest in cryptocurrencies because they are afraid of losing money due to price fluctuations. Psyche provides a stable and predictable alternative that can be used for transactions and investments without the risk of sudden price changes.
Compare USD1 and BTC performance
| Timeframe | USD1 | BTC |
|---|---|---|
| 1h change | 0 % | 0.00482346 % |
| 24h change | 0 % | -0.15505 % |
| 7 day change | -0.04 % | 3.43352 % |
| 14 day change | -0.04 % | -4.54527 % |
| 30 day change | 0.04 % | 4.15965 % |
| 200 day change | -3.15 % | 136.396 % |
| Year change | 1.41 % | 147.186 % |