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.
the State of the coins not always progression. so to keep vigil in the market circumstances are volatile at this highly recommend to use a coin that has stability as it did on the Ripple. This would be very advantageous to have Ripple and count on it.