{"id":513551,"date":"2022-12-23T09:03:41","date_gmt":"2022-12-23T14:03:41","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=513551"},"modified":"2023-03-08T07:26:35","modified_gmt":"2023-03-08T07:26:35","slug":"waves-dragged-down-by-usdn","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/waves-dragged-down-by-usdn\/","title":{"rendered":"WAVES Gets Dragged Down By USDN, Despite Pumping Investor Distribution"},"content":{"rendered":"<p><span style=\"font-weight: 400\">There is enormous negative sentiment surrounding USDN. And with USDN continuously falling off its track, it\u2019s also pulling WAVES down.<\/span><\/p>\n<p>WAVES is the native token of the Waves blockchain.\u00a0<span style=\"font-weight: 400\">According to<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/waves\/\" rel=\"nofollow\"> <span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\">, the token is up by 0.23% or trading at $1.57 as of this writing. <\/span><\/p>\n<p><span style=\"font-weight: 400\">There is very little improvement with its current figures.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">Token up by 0.23% or trading at $1.57<\/span><\/li>\n<li><span style=\"font-weight: 400\">USDN extremely volatile<\/span><\/li>\n<li><span style=\"font-weight: 400\">Crypto down by 45% in the past couple of weeks<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Waves blockchain confirmed the plunge of the Neutrino USD (USDN) <a href=\"https:\/\/www.investopedia.com\/terms\/s\/stablecoin.asp\" target=\"_blank\" rel=\"noopener nofollow\">stablecoin<\/a> but insisted that the USDN, while built on top of the ecosystem, is completely detached from WAVES.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/vechain-jumps-by-4\/\" target=\"_blank\" rel=\"noopener \">VeChain Jumps By 4% As VET Investors Look To Profit Before Christmas<\/a><\/div>\n<p><span style=\"font-weight: 400\">Nevertheless, as the value of USDN declined, it seems to be pulling WAVES further down as well.<\/span><\/p>\n<p>Stablecoins are digital currencies whose value is anchored to that of a stable value asset, such as a fiat currency or a commodity price.<\/p>\n<p>The excessive volatility of Bitcoin (BTC) and other major cryptocurrencies has made crypto investments less appropriate for everyday transactions; stablecoins try to address this problem by providing a more &#8220;stable&#8221; alternative.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-513561 aligncenter\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2022\/12\/a-13.png?resize=460%2C240\" alt=\"\" width=\"460\" height=\"240\"><\/p>\n<pre style=\"text-align: center\">Image: Altcoin Buzz<\/pre>\n<h2><b>WAVES Down By 99% Off Its April 2022 ATH<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Blockchain founder Sasha Ivanov has urged different crypto exchanges on Wednesday to cut off the futures markets that are connected to the crypto as she insists that it\u2019s doing more harm than good. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The crypto exchanges included Kraken, Bybit, Binance, and OKX.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ivanov on a<\/span><a href=\"https:\/\/www.coindesk.com\/business\/2022\/12\/21\/waves-blockchain-founder-asks-exchanges-to-delist-waves-token-derivative-trading\/\" rel=\"nofollow\"> <span style=\"font-weight: 400\">Twitter post<\/span><\/a><span style=\"font-weight: 400\"> said:<\/span><\/p>\n<blockquote><p><strong>\u201cThey are a breeding ground for FUD and making money off short positions, profitable because of it. I kindly ask all centralized exchanges to disable Waves future markets.\u201d<\/strong><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Evidently, the blockchain native currency has nosedived by more than 45% as seen in the past couple of weeks. <\/span><\/p>\n<p><span style=\"font-weight: 400\">In fact, its numbers now are completely off-track as it\u2019s down by as much as 99% from its ATH as seen in April 2022.<\/span><\/p>\n<h2><b>Stablecoin Acting Erratic Lately<\/b><\/h2>\n<p><span style=\"font-weight: 400\">USDN has been extremely volatile.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The token&#8217;s most recent de-peg came following South Korea\u2019s digital asset exchange association issuing a warning.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/matic-seen-breaking-support\/\" target=\"_blank\" rel=\"noopener \">MATIC Seen Breaking Present Support With Sustained Momentum<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/cdrFd9fL\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">Crypto total market cap at nearly $774 billion on the daily chart | Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p>According to Wu Blockchain, the Korean Federation of Exchanges (KFE) has issued an<a href=\"https:\/\/u.today\/waves-usdn-stablecoin-depegs-korean-regulator-issues-warning\" target=\"_blank\" rel=\"noopener nofollow\"> &#8220;investment warning&#8221;<\/a> for WAVES.<\/p>\n<p>The reason for this is because of\u00a0the erratic price movements of the USDN stablecoin, which is intended to keep its $1 peg at all times.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">WAVES was flagged as an &#8220;investment warning&#8221; by the Korea Federation of Exchanges. The reason is that the USDN stablecoin has been fluctuating rapidly. Upbit will decide whether to terminate the transaction within two weeks. <a href=\"https:\/\/t.co\/wiB5gSfm7f\" rel=\"nofollow\">https:\/\/t.co\/wiB5gSfm7f<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/61870594?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 8, 2022<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>There is enormous negative sentiment surrounding USDN. And with USDN continuously falling off its track, it\u2019s also pulling WAVES down. WAVES is the native token of the Waves blockchain.\u00a0According to CoinMarketCap, the token is up by 0.23% or trading at $1.57 as of this writing. There is very little improvement with its current figures. Token up by 0.23% or trading at $1.57 USDN extremely volatile Crypto down by 45% in the past couple of weeks Waves blockchain confirmed the plunge of the Neutrino USD (USDN) stablecoin but insisted that the USDN, while built on top of the ecosystem, is completely detached from WAVES.\u00a0 Related Reading: VeChain Jumps By 4% As VET Investors Look To Profit Before Christmas Nevertheless, as the value of USDN declined, it seems to be pulling WAVES further down as well. Stablecoins are digital currencies whose value is anchored to that of a stable value asset, such as a fiat currency or a commodity price. The excessive volatility of Bitcoin (BTC) and other major cryptocurrencies has made crypto investments less appropriate for everyday transactions; stablecoins try to address this problem by providing a more &#8220;stable&#8221; alternative. Image: Altcoin Buzz WAVES Down By 99% Off Its April 2022 ATH Blockchain founder Sasha Ivanov has urged different crypto exchanges on Wednesday to cut off the futures markets that are connected to the crypto as she insists that it\u2019s doing more harm than good. The crypto exchanges included Kraken, Bybit, Binance, and OKX. Ivanov on a Twitter post said: \u201cThey are a breeding ground for FUD and making money off short positions, profitable because of it. I kindly ask all centralized exchanges to disable Waves future markets.\u201d Evidently, the blockchain native currency has nosedived by more than 45% as seen in the past couple of weeks. In fact, its numbers now are completely off-track as it\u2019s down by as much as 99% from its ATH as seen in April 2022. Stablecoin Acting Erratic Lately USDN has been extremely volatile.\u00a0 The token&#8217;s most recent de-peg came following South Korea\u2019s digital asset exchange association issuing a warning. Related Reading: MATIC Seen Breaking Present Support With Sustained Momentum Crypto total market cap at nearly $774 billion on the daily chart | Chart: TradingView.com According to Wu Blockchain, the Korean Federation of Exchanges (KFE) has issued an &#8220;investment warning&#8221; for WAVES. The reason for this is because of\u00a0the erratic price movements of the USDN stablecoin, which is intended to keep its $1 peg at all times. WAVES was flagged as an &#8220;investment warning&#8221; by the Korea Federation of Exchanges. The reason is that the USDN stablecoin has been fluctuating rapidly. Upbit will decide whether to terminate the transaction within two weeks. https:\/\/t.co\/wiB5gSfm7f \u2014 Wu Blockchain (@WuBlockchain) December 8, 2022<\/p>\n","protected":false},"author":557,"featured_media":513555,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,11164,85678,8485,87728],"class_list":["post-513551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-stablecoin","tag-usdn","tag-waves","tag-waves-blockchain"],"acf":[],"yoast_head":"\n<title>WAVES Gets Dragged Down By USDN, Despite Pumping Investor Distribution<\/title>\n<meta name=\"description\" content=\"There is enormous negative sentiment surrounding USDN. And with USDN continuously falling off its track, it\u2019s also pulling WAVES down. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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