PulseX

  • PulseX and PulseChain shift to stablecoins as safe haven amidst Market Volatility

    It is reported that according to the data disclosed by the chain analyst @ Lookonchain, PulseX and PulseChain have converted 260.14 million USDCs into 25852 DAIs, of which Pulsechain has converted 155 million USDCs into 153.7 million DAIs, while PulseX has converted 105.14 million USDCs into 104.82 million DAIs. PulseX and PulseChain converted more than 260 million USDCs into DAI Analysis based on this information:The cryptocurrency market has always been highly volatile, causing investors to be cautious when making investment decisions. However, amidst the current unpredictability in the cryptocurrency world, PulseX and PulseChain have both decided to shift towards stablecoins. These stablecoins are less risky and help protect against the extreme fluctuations of the cryptocurrency market. According to the chain analyst @ Lookonchain, PulseX and PulseChain have converted 260.14 million USDCs into 25852 DAIs. This has been seen as a safe haven for these two cryptocurrencies amidst the market volatility, as it minimizes the sudden and unexpected losses that cryptocurrency…

    03/12/2023
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