The premium of the stable currency Djed on the Cardano chain once rose to $1.08

It is reported that according to the data of coinmarketcap, the stable currency Djed on the Cardano chain has gained a premium higher than the market performance under the recent fluctuation of the US dollar stable currency USDC, even reaching US $1.08 at one time, and has now fallen slightly to US $1.02. In addition, the direct price difference between USDT and Djed has reached about 1%, while the trading volume has also continued to increase. The data also shows that Djed’s current reserve is about 33.28 million ADAs, the mortgage rate is 428%, and the fully diluted market value reaches 1018522837484 dollars. （u.today）

Interpretation of this information:

The message reports that Djed, a stable currency on the Cardano blockchain, has been gaining premium over the market performance amid the recent fluctuations of the US dollar stable currency USDC. The premium even reached US $1.08 at one point and has now slightly dropped to US $1.02. The direct price difference between USDT and Djed has also reached about 1% while the trading volume has been on the rise. The data further reveals that Djed’s current reserve is approximately 33.28 million ADAs, the mortgage rate is 428%, and the fully diluted market value has reached as much as 1.018522837484 trillion dollars.

Stable currencies are cryptocurrencies that are designed to maintain a stable value by pegging their value to other assets such as fiat currencies or commodities. Djed is a stable currency that is based on the Cardano blockchain, which is an eco-friendly blockchain platform. The recent fluctuations in the USDC have led to Djed’s premium increase in value over the market performance. This means that Djed has been outperforming other stable currencies at a time of volatility in the cryptocurrency market.

The increase in trading volume and direct price difference between USDT and Djed are also indicators of the growing interest in this stable currency. The fact that Djed’s current reserve is around 33.28 million ADAs and the mortgage rate is 428% suggests that there is ample collateral backing Djed’s value.

Furthermore, the fully diluted market value of Djed has now reached as much as 1.018522837484 trillion dollars, which is a significant milestone. This metric refers to the theoretical value of a cryptocurrency if all of its coins are in circulation, which is the case with Djed. It means that the currency has huge potential to grow even further.

In summary, the recent data from Coinmarketcap shows that Djed, a stable currency on the Cardano blockchain, has been gaining premium over the market performance amid the fluctuations in the USDC. The increase in trading volume and a direct price difference with USDT suggest growing interest in this stable currency. The fact that Djed has a large reserve of collateral and a high mortgage rate further adds to its credibility. The fully diluted market value of Djed has now reached 1.018522837484 trillion dollars, indicating its huge potential for growth.