USD Coin Price Prediction
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Today's ForecastsUSD Coin(USDC) opened trading today at $1.00. It achieved a Market high of $1.00 and a subsequent Market low of $1.00, Representing a change of $0.0001 and price percentage change of 0.01% . Its current Price is $1.00 representing a market share of 0.47% only.
A total volumn of $39,208,216 worth of USD Coin traded hands today, achieving a Maximum Market Cap of $2,973,495,808 for the day.
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The Bull Case 🐃 for USD Coin
Many people are looking to invest in digital assets (including USD Coin) owing to the enormous return which they provide. Even the institutional investors are trying to invest in such assets. This is highly positive for USD Coin as a platform. As the traction of the platform increases more and more, the price of the cryptocurrency would also go up. This is a huge positive for the platform in the future.
With the thrust on the digitization of assets increasing and the awareness of cryptocurrency assets also on the rise, USD Coin has a lot of potential ahead. As long as the organisation is able to execute their strategy the price of the token would also keep on increasing. This will attract a lot of investors to this cryptocurrency.
USD Coin is currently trading around $1.00.
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Price Predictions for Today, This Week and This Month 🚀
Critical Fundamental Analysis of USD Coin
USD Coin (USDC) is a fully collateralized US Dollar stable coin. It is built on the open source fiat stable coin framework developed by CENTRE, and Circle is the first of several forthcoming issuers of USDC.
USDC is designed to minimize price volatility and it does so by ensuring that every unit of USDC is only created when a corresponding US Dollar is deposited into a reserve bank account. Its major application at this point is as a mechanism for trading and hedging in global crypto capital markets. However, USDC is being adopted for use cases such as lending, payments, investments, and further applications within financial contracts such as derivatives contracts, insurance contracts, and security tokens.
Commercial issuers of USDC are required by CENTRE to be licensed to handle electronic money; have audited AML and Compliance programs that meet FATF standards; back all tokens on a fully reserved basis and provide monthly published proof of reserves attested to by certified public auditors; support fungible exchange and redemption of USDC tokens from other authorized issuer members; meet other reporting and review requirements established by CENTRE Note that as a fully collateralized stablecoin, the supply is determined by the USD deposits being taken on issuing services such as circle.com/usdc.
Recently, CENTRE announced that Coinbase is joining Circle as a founding member of CENTRE Consortium, and as part of this USDC is now available on Coinbase Pro and coinbase.com.
USDC Trading Stats for Today - 2020-12-03 01:37:04 +00:00 GMT
|Current Supply||2,972,606,208 USDC|
|24h Volume (coin)||39,196,484 USDC|
|24h Volume (currency)||$39,208,216|
|Last updated||2020-12-03 01:37:04 +00:00 GMT|
Other Price Forecasts similar to USD Coin(USDC) :
Common USDC Price Prediction Questions
What is USD Coin’s potential future value?
USDC's future value is strongly correlated to it's Fundamental Analysis. We made this easier by giving a short concise write-up here on what USD Coin is and what it does. This is because USD Coin's price will only rise and make you rich if it’s doing something special e.g. Ethereum which made it possible to create simple smart contracts on the Blockchain, minted the most number of Crypto millionaires. Now ask yourself - Can USDC make you one?
What is going on with USD Coin's price?
In order not to be too rattled, read our Fundamental analysis above on USD Coin to know if it’s a good hodl.
How high will USD Coin go?
No one really knows for sure. We however predict USDC might be 4x by end of 2020. This will depend however, on the larger crypto market 4xing as most coins whether good or not, mirror Bitcoins loses or gains. If in doubt about any coin, either BUY BTC, ETH or stay out of the market. For now!
Why is USD Coin(USDC) rising today?
On a day to day basic, we do not have that information. However, look above to see our Fundamental Analysis of USD Coin to see its expected value. You can also visit USD Coin's website here - Visit website.
A good reason for any intra-day pump is usually partnerships, implementations of a roadmap e.g. Mainnet launch or listing on a new exchange (mega-pump).The USD Coin website page will quickly provide you with that value.
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Why is USD Coin's price going down?
It’s difficult to tell right now as the daily USDC candle hasn’t closed. However a quick way to know the reason for any sudden disruption in USD Coin's price is to look at its social media feed to see if it released news that the market revolts at or it’s simply a red crypto day.
To view the Social sentiments for USD Coin, Simple click the Social Button on this page, located immediately below the Price Charts.
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