Just noticed we have 100+ stable coins in the market presently. Do you feel it will have a negative impact or positive one?
I think most of the price of stable coins is tied together, unless the project side has negative news, causing the price of the token to plummet.
That's correct as there are set of stable coins and the value of those coins rises and fall together as their value is indirectly proportional to eachother. But we should not be confusing these coin with some new entries to the market who stays on top for first one week with huge pump and then drops down to almost zero.
I'm very fascinated see developments owned Ripple that becomes very stable coins to be able to count on. This is demonstrated with a high enough price at this time with the growth of the coins so quickly. so very nice to rely on Ripple as the coin is stable.