Top 3 Stable Cryptocurrencies Based on USD Value

Cryptocurrencies are often renowned for their volatile movements on the market. Particularly bitcoin has gone through some big price swings over the past few years. However many people do not know that there are some cryptocurrencies which pride themselves on having a stable price at all times. Albeit they may not necessarily the most popular cryptocurrencies on the market, their stability is well worth taking note of.

3. TimeKoin

timekoin logo

Although most people have never heard of TimeKoin, it appears the currency has had a fairly stable price over the past few years. That is rather surprising, considering TimeKoin has no significant trading market appeal to speak of as of late. TimeKoin was created as a secure and anonymous digital currency system without processing fees. So far, the currency has not been hacked or exploited, according to the developers.

It is rather intriguing to see TimeKoin remain mostly flat throughout its history. There is no hard limit on the amount of coins to be created, which is hardly ever beneficial to establish a flat price point. It is probable TimeKoin only retains its value due to the lack of trading volume as no one seems to be interested in holding the currency right now. Then again, it is still interesting to take notice of.

2.NuBits

nubits

When NuBits were first introduced to the world, a lot of cryptocurrency enthusiasts were uncertain what to make of them. A currency that is pegged to a fixed US Dollar value is far less attractive to investors, hence it doesn’t make much sense. However, NuBits has been able to maintain its “peg” to the US Dollar with relative ease, even though there has been some decent trading volume over the years. The only market USNBT lost value against is Bitcoin itself, which is not surprising.

Some people may be wondering why NuBits is appealing to investors in the first place, as there is no monetary gain from holding these coins. The fixed value makes it easy to determine how many NuBits one needs to purchase something. Moreover, selling goods or services in exchange for cryptocurrency becomes easier, as there is no volatility associated with NuBits whatsoever. It is an interesting alternative to bitcoin and other cryptocurrencies, although its long-term success remains questionable.

1. Tether

tether logo

There is no more stable cryptocurrency – that is also popular – than Tether right now. The value per Tether – USDT – is pegged to one US Dollar at all times, and that will not change. This also means Tether loses some value against the Bitcoin price as it evolves, but that is not entirely surprising by any means Virtually every alternative currency loses ground when bitcoin goes up in price. There is no reason to think Tether would be any different, as it pegs itself to the US Dollar rather than bitcoin.

It is this stability against the US Dollar that makes Tether so appealing, though. A lot of people trade bitcoin and other cryptocurrencies against USDT, as it represents one US Dollar per coin. Some people see Tether as a way to get rid of linking cryptocurrency values of national currencies directly. It is doubtful that will happen anytime soon, yet it remains an interesting prospect to keep in mind moving forward.

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  • CryptoLife

    TIMEKOIN – ranked 650th on the coinmarketcap list, are you f____ing kidding me!!!!!!!!!!!!!!!!!!!!!!!!!!!
    The 24 hour trading volume for timekoin is ZERO, in other words, it has been a stable coin for one reason and only one reason, NO ONE IS BUYING IT. You can’t write an article that claims a coin is stable simply because the trading volume of that coin is essentially ZERO, how completely ridiculous. Any article you write, and any coin you recommend, should be thrown out! The Merkle should fire you for writing such garbage!

    • Jean-Pierre Buntinx

      Please enlighten me with your wisdom on which coin you see as stable other than these three?

      • DJ AFINO

        Tether: USDT

    • jd4ever

      True. Who writes this garbage?

  • CryptoLife

    Well, first of all, if you look at the chart for timekoin since its beginning, you will see that absolutely NOBODY even trades it, so calling it a stable coin is a complete joke! With that said, stable coins in altcoins doesn’t really exist, since their values can swing quite a bit day to day, but Ripple (XRP) has been probably the most stable of them so far (tether is stable, but tethers value will always be $1, so you can’t really throw Tether into the mix). I’m not sure about other coins – none have been ‘stable’, and that’s the honest truth of the matter. They all jump all over the place, but that is also the reason why a new generation of investors are jumping on the band wagon and trading digital currency. It’s the gold rush of the digital age. High risk, high reward. At the same time, looking at the list of 1000+ altcoins and finding one ranked 650th which has zero trade volume since its inception does not count as a stable coin, LOL!

  • Dave James

    Are any of these on the ethereum platform? Logically there should be a good market for pegged cryptocoins, simply to take advantage of anonymous payment, rather than to make money from speculation.