WAVES Gets Dragged Down By USDN, Despite Pumping Investor Distribution

2022-12-23 17:03

There is enormous negative sentiment surrounding USDN. And with USDN continuously falling off its track, it’s also pulling WAVES down.

WAVES is the native token of the Waves blockchain. According to CoinMarketCap, the token is up by 0.23% or trading at $1.57 as of this writing.

There is very little improvement with its current figures.

Token up by 0.23% or trading at $1.57 USDN extremely volatile Crypto down by 45% in the past couple of weeks

Waves blockchain confirmed the plunge of the Neutrino USD (USDN) stablecoin but insisted that the USDN, while built on top of the ecosystem, is completely detached from WAVES. 

Nevertheless, as the value of USDN declined, it seems to be pulling WAVES further down as well.

Stablecoins are digital currencies whose value is anchored to that of a stable value asset, such as a fiat currency or a commodity price.

The excessive volatility of Bitcoin (BTC) and other major cryptocurrencies has made crypto investments less appropriate for everyday transactions; stablecoins try to address this problem by providing a more “stable” alternative.

WAVES Down By 99% Off Its April 2022 ATH

Blockchain founder Sasha Ivanov has urged different crypto exchanges on Wednesday to cut off the futures markets that are connected to the crypto as she insists that it’s doing more harm than good.

The crypto exchanges included Kraken, Bybit, Binance, and OKX.

Ivanov on a Twitter post said:

“They are a breeding ground for FUD and making money off short positions, profitable because of it. I kindly ask all centralized exchanges to disable Waves future markets.”

Evidently, the blockchain native currency has nosedived by more than 45% as seen in the past couple of weeks.

In fact, its numbers now are completely off-track as it’s down by as much as 99% from its ATH as seen in April 2022.

Stablecoin Acting Erratic Lately

USDN has been extremely volatile. 

The token’s most recent de-peg came following South Korea’s digital asset exchange association issuing a warning.

According to Wu Blockchain, the Korean Federation of Exchanges (KFE) has issued an “investment warning” for WAVES.

The reason for this is because of the erratic price movements of the USDN stablecoin, which is intended to keep its $1 peg at all times.

WAVES was flagged as an “investment warning” by the Korea Federation of Exchanges. The reason is that the USDN stablecoin has been fluctuating rapidly. Upbit will decide whether to terminate the transaction within two weeks. https://t.co/wiB5gSfm7f

— Wu Blockchain (@WuBlockchain) December 8, 2022

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Waves (WAVES) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $3.1177
Капитализация $0 Rank 99999
Цена в час новости $ 1.5883 (-100%)

waves usdn token down pulling track coinmarketcap

waves usdn → Результатов: 37


CEO Waves анонсировал выпуск нового стейблкоина

CEO и основатель Waves Platform Саша Иванов заявил о планах запуска нового стейблкоина, чем вызвал шквал негативных комментариев в Twitter. Two things:— I will launch a new stable coin— There's gonna be a $USDN situation resolution plan set in motion before.

2022-12-20 17:48


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2022-12-12 15:03


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2022-8-26 12:58


Upbit предупредила о рисках, связанных с алгостейблкоинами USDN и USDD

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2022-6-14 13:15


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Waves announces 4-step Master Plan to ‘save’ its DeFi ecosystem

Waves, a proof-of-stake blockchain platform for decentralized applications, has announced measures it says will help address the recent upheaval that rocked its DeFi ecosystem. Specifically, the “Master Plan”, as the four-step measures are called, is aimed at ensuring the ecosystem’s algorithmic stablecoin Neutrino USD (USDN) restores dollar parity, whose loss led to a massive liquidity […] The post Waves announces 4-step Master Plan to ‘save’ its DeFi ecosystem appeared first on Invezz.

2022-5-27 20:59


Фото:

Waves’ Neutrino USD (USDN) stablecoin de-pegs to $0.94

Neutrino USD (USDN), an algorithm stablecoin just like the TerraUSD, has fallen below its US dollar peg to trade as low as $0.8 today. The stablecoin is part of Waves blockchain ecosystem. Following the de-pegging, Colin Wu, a crypto analyst, has reported that the Curve pool for the USDN stablecoin (the USDN-3 pool) is now […] The post Waves’ Neutrino USD (USDN) stablecoin de-pegs to $0.94 appeared first on Invezz.

2022-5-14 18:45


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Экосистема Waves. tech продала невзаимозаменяемый токен (NFT) по самой высокой цене среди подобных сделок вне блокчейна Ethereum.

Waves запустили реферальную программу для охотников Waves Ducks. Получите 5% от всех токенов $EGG, которые потратили ваши рефералы на создание утки. https://t. co/e2SzIZnfY5 #NFT $waves- Sasha Ivanov (@sasha35625) April 15, 2021 Цифровую утку "Perfection" в виде NFT приобрели за 1 млн USDN - стейблкоин Neutrino - через платформу SIGN Art.

2021-4-19 14:04


Waves sells Duck NFT “Perfection” for $1M; launches Duck Hunters to incentivize participation in Waves DeFi

CryptoNinjas » Waves sells Duck NFT “Perfection” for $1M; launches Duck Hunters to incentivize participation in Waves DeFi Waves, an ecosystem of next-generation technologies built on the Waves blockchain protocol, has concluded the highest sale of an NFT outside of Ethereum with its first Waves Duck called “Perfection” which sold for 1,000,000 $USDN on SIGN Art, a web gallery for blockchain-certified digital art.

2021-4-16 22:32


Waves to offer collateral protection on USDN stablecoin with UNION platform

Waves, an open blockchain protocol and development toolset for decentralized applications, today announced a partnership with UNION, a full-stack protection platform for the DeFi space. UNION will offer its collateral protection product to future lending protocols that use Waves’ Neutrino USD (USDN) and smart contract protection to the inter-chain communication protocol Gravity.

2020-12-31 22:56


Waves Exchange запустила децентрализованный стейкинг без блокировки активов на счету

Гибридная криптовалютная биржа Waves. Exchange запустила децентрализованную поддержку стейкинга с использованием Neutrino Dollar (USDN). Об этом редакции ForkLog сообщили представители компании. https://t.

2020-1-31 14:50