USDC market cap growth versus USDT has exploded +580%! As you can see the market cap growth of USDC has exponentially risen against the market cap decline of USDT. Also, something that is very eye opening, BTC market cap growth fell below USDC market cap growth on the June 13th weekly candlestick last week. For this analysis I'm using the 1-week chart 2019 - 2022 present time frame. The indicators I'm using are my TTC: Triangular Trend Channel, pi RSI, Fibonacci MA7 & Fib VIP scripts.
I'm posting this as long USDC market cap growth versus USDT + BTC comparison market cap decline for a period of no less than 4 months. Plus, I believe USDC will overtake USDT forevermore as the #1 stable coin by market cap period. The reason I think this is USDT is not as safe as USDC, which is more transparent with its cash reserves. Especially after In May, the Terra blockchain was temporarily halted after the collapse of the stablecoin TerraUSD (UST) and Luna that wiped out almost $45 billion in market capitalization within a week. As of this writing the current market cap is as follows:
BTC = $402.37B
USDT = $66.84B
USDC = $55.88B
#longshortcompetition USDC/USDT + BTC
I'm posting this as long USDC market cap growth versus USDT + BTC comparison market cap decline for a period of no less than 4 months. Plus, I believe USDC will overtake USDT forevermore as the #1 stable coin by market cap period. The reason I think this is USDT is not as safe as USDC, which is more transparent with its cash reserves. Especially after In May, the Terra blockchain was temporarily halted after the collapse of the stablecoin TerraUSD (UST) and Luna that wiped out almost $45 billion in market capitalization within a week. As of this writing the current market cap is as follows:
BTC = $402.37B
USDT = $66.84B
USDC = $55.88B
#longshortcompetition USDC/USDT + BTC
Trading indicators:
www.tradingview.com/u/Options360/
www.tradingview.com/u/Options360/