i thought this should be a stable coin. 20$ and the price is 4.76$. so i does not work.
Not stable, but Low volatility. And if the market decide to see MNX for 5$ is better than for 30$ price will be there, but slowly. Not with one big dump.
If you want low volatility just use usdt. Minex team talked about golden price range 25-35$ and daily traders including me profited nice while that worked. But we can see now that it just couldnt work long.