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$BTC  🫣While i decide to entry as seller

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Analysis: Performed steadily this cycle, and a bear market with an 80% drop may no longer occur

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$ADA Cardano founder Charles Hoskinson highlighted the impressive performance of the network's native stablecoin, DJED. He noted that DJED has maintained price stability 99.9% of the time over the past two years. Hoskinson shared this information during a recent livestream while addressing the latest depeg of DJED. DJED Recovers Dollar Peg Within 5 Hours Notably, the DJED stablecoin was developed by the Cardano research and development arm, Input Output, in partnership with the COTI Network. Over the weekend, it experienced a sharp drop from around $0.99 to $0.55, losing its $1 peg. DJED's Design Hoskinson noted that the development team did not design DJED to maintain minute-by-minute or second-by-second stability. Instead, the goal is to ensure that the stablecoin eventually recovers from any depeg. As an algorithmic stablecoin, DJED maintains its peg through an over-collateralized mechanism that uses both ADA and SHEN as reserve assets. According to Hoskinson, whenever there is high volatility, the system freezes new DJED deposits to prevent further price drops. In his view, the approach is part of a learning process of a two-year experiment exploring how to build an efficient stablecoin system. Impressive 2-Year Performance Meanwhile, the Cardano founder cited on-chain data indicating that DJED has maintained a narrow trading range between $0.97 and $1.03 for 99.9% of the time since its launch in January 2023. While he acknowledged a few rare deviations, most notably a brief surge to $2.46 and a recent drop to $0.55, Hoskinson emphasized that, overall, DJED has demonstrated remarkable stability within its intended dollar peg. Notably, Hoskinson expressed pride in the stablecoin, noting that it has been a fun experiment over the past two years. & $Djed has kept its price stable 99.9% of the time over the past 2 years, despite market volatility. @Charles Hoskinson

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$SUI #SUIPricePrediction According to the latest data, Momentum, as a decentralized exchange (DEX) and liquidity hub in the Sui ecosystem, has exceeded $20.00B in cumulative transaction volume, an increase of approximately 35.00% compared to last week, with more than $5.00B in new transaction volume in one week. #EarnFreeCrypto2024

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