Why the value is falling so much?
Uhmm, for the last 2 days the USDe price has been hovering between 110 and 135. In the last 12 hours I think it was even between 121 and 130.
In the last 3 hours the price 'dropped' from 125 to 121. Thats a 2-3% drop. Normal.
On the longer terms, yes the price dropped, like almost all coins. Pretty typical after entering a market.
For the rest I quote raton as I think he has some good points on possible future developments:
I've been one of the silent one following this thread since day #1, haven't posted much since it was very "noisy" here. Now that things are a lot more quite, I'll try to participate a bit more to the comunity here and on reddit, I have a lot of ideas and things I wish for this coin and will post about them later. Meanwhile I would like to share my opinion about the situation USDE is facing now:
For me the coins remains a good investment but will try to explain why USDE is currently low IMHO
- Bitcoin market crashed, which is not the first time and not the laste time we are seeing that, we have to think long term here and crypto can only go up
- MaxCoin is being pumped, seeing this coin's launch we can see that amateurs are behind it (even if the marketing is good: Mex Keiser)
- Doge reward is about to halves, I think a lot of people are currently mining this coin hoping that the value will go up after halving (I am one of them, yeah well everyone's has to pay its electricity bill no ?)
- USDE had been dumped (not sure about it touhg, haven't checked the trading volumes): Between the few days on top of CoinWarz + Drazi having a free 5M wallet + weak hand, I wouldn't be surprise about a dump
All of the above are in fact good news ! BitCoin can only come back stronger, as usual; MaxCoin will go down once well pumped; Doge will be soon less attractive and weak hands/dumpers left the coin all of that show that we still have a bright future for this coin.
All we have to do is to show the world that we are still alive and when the good days come back we will all benefit from it. As a first attempt, I started to request to the persons that launched USDe thread on other language to update the main page to better reflects the change and life of the coin.