As Ethereum Price Drops, DAI Holds Well Against USD

After the Bitcoin rally subsided back in 2018, there was a lot of talk that the world’s second-biggest cryptocurrency, Ethereum, had the potential to eventually upstage BTC. It did not seem like the most unrealistic claim at the time, but over the past months, it has become abundantly clear that this is unlikely to happen anytime soon.
Over the course of the past few days, ETH has had a disappointing time, and the price of the token has continued dropping. However, it was the weakness shown by the stablecoin DAI that was the true revelation during …
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Author: Ankit Singhania

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