Is the volume of Nubits brought likely to increase Peercoin's price? I don't really understand how Nubits relationship to Peercoin manages to keep its price stable.
NuBits was created to solve the volatility problem found in cryptocurrencies.
The project's objective was to pegged (fixed rate) NuBits to the dollar so that one nubits will always equal to one dollar.
This made NuBits the first decentralized stable cryptocoin.
This was made possible with the relationship of NuBits and NuShares.
NuShare holders vote to make sure the price of NuBits is fixed at a rate of one dollar.
While NuShare holders are paid in dividends with Peercoins.
Which makes Peercoin the very first cryptocurrency to be used by another cryptocommunity as a backbone currency.