Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Macro Overview — U.S. September Payrolls Top Estimates

In September, U.S. job growth exceeded expectations, with nonfarm payrolls rising by 254,000 — the highest increase in six months — while the unemployment rate unexpectedly fell to 4.1%. Hourly earnings grew by 4% year-over-year, signaling robust wage growth. This positive payroll report alleviates concerns about a deteriorating labor market, as demand for workers remains strong and layoffs are low. The Federal Reserve is less likely to implement a significant interest-rate cut in November, as Fed Chair Jerome Powell noted that protecting the labor market has influenced recent monetary policy decisions.

The report highlighted gains in leisure, hospitality, healthcare and government sectors, although manufacturing saw job cuts for the second consecutive month. The underemployment rate fell to 7.7%, marking its first decline in nearly a year. Despite some uncertainties, including potential impacts from strikes and Hurricane Helene, analysts suggest that the outlook for a soft landing of the economy has improved. While the participation rate held steady, the prime-age worker rate dropped slightly. Overall, these developments indicate a resilient labor market, potentially influencing future Federal Reserve interest rate decisions.

Weekly Crypto Highlight — AAVE ETF Coming?

Grayscale has initiated the Grayscale Aave Trust, providing investors with exposure to AAVE, the token linked to decentralized lending protocol Aave. As the 44th largest cryptocurrency by market capitalization, AAVE plays a crucial role in the 

 (DeFi) sector. This trust will operate as a closed-end fund, distinguishing it from Grayscale's existing exchange-traded funds (ETFs) for Bitcoin and Ethereum.

Grayscale has articulated that the Aave protocol seeks to disrupt traditional finance by applying 

, thereby enhancing the efficiency of lending and borrowing processes. Although DeFi protocols inherently carry risks, Aave's established reputation and thorough audits alleviate some investor concerns. Grayscale's expansion into trusts for various cryptocurrencies, including 

, follows recent approvals for Bitcoin and Ethereum Spot ETFs, signaling a broader trend.

Despite minimal prospects for the approval of Solana and XRP Spot ETFs, the introduction of the Aave Trust suggests rising interest from traditional financial institutions in established DeFi protocols. This trend indicates growing recognition of the potential of DeFi within the conventional financial landscape.

Total Bitcoin Spot ETF Flows.Source: CoinGlass, as of Oct 4, 2024

Bitcoin’s price dropped from $66,000, finding support around $60,000, while Bitcoin Spot ETFs experienced outflows early this week. However, BTC has since recovered some losses, rising back to $62,000 as the broader equity market reacted positively to a stronger-than-expected September payroll report.

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Weekly Institutional Insights — Hot September Payroll Reports Reignite Market Sentiment

Inspired by a baby pygmy hippo from Thailand, MOODENG demonstrates how internet culture and its viral phenomena can drive the success of meme coins.

In an unbelievable turn of events, an anonymous trader managed to 

 into a jaw-dropping $7.5 million, all by trading Moo Deng (MOODENG) — the 

 inspired by a viral pygmy hippo from Thailand. Launched on Sep 10, 2024 (exactly two months after the eponymous hippo’s birth), the Moo Deng meme coin has rapidly gained a cult following in the crypto community, proving just how powerful the fusion of internet culture and cryptocurrency can be.

This article dives into the fascinating rise of the Moo Deng meme coin and explores its quirky charm, unique features and prospects in the wild world of cryptocurrencies.

Moo Deng is a meme coin project inspired by a viral pygmy hippo from Thailand. Launched on 

 in September 2024, it quickly captured the attention of the crypto community, reflecting the influence of internet culture on cryptocurrency trends.

Moo Deng, the pudgy three-month-old pygmy hippo, is the unlikely star behind the Moo Deng meme coin project. Born in July 2024 at Khao Kheow Open Zoo in Thailand, she shot to internet fame thanks to her zookeeper, Atthapon Nundee, who couldn’t resist sharing the calf’s daily antics on social media. It didn’t take long for netizens to fall in love with Moo Deng’s adorable tantrums and playful personality. Fans started creating and sharing their art and memes — and just like that, the chubby hippo became a global sensation.

Her viral fame led to the creation of the Moo Deng coin on the 

. This unexpected blend of cuteness and internet virality shows just how wildly influential online culture can be, shaping trends across industries in the most delightful ways.

The Moo Deng project seeks to create a fun, engaging space that draws new users to the Solana blockchain. It’s riding the wave of the viral Moo Dong meme, hoping to spark more interest in 

 (DeFi) and get more people involved in crypto. Beyond that, Moo Deng also strives to provide a platform for community-driven projects and charitable causes, promoting social responsibility among its users. 

The Moo Deng meme coin operates on the Solana blockchain, tapping into the adorable appeal of its namesake pygmy hippo to boost community engagement and investment. Users can easily buy, sell and trade Moo Deng tokens on 

This meme coin thrives on social media trends, with a dedicated fan community sharing memes, images and updates that keep the buzz alive. Unlike traditional cryptocurrencies, MOODENG’s value often fluctuates based on online chatter and community excitement, rather than conventional market fundamentals. 

To show their support for the Khao Kheow Open Zoo, where Moo Deng lives, the team behind MOODENG has pledged to donate 100% of the trading fees generated through the Moonshot app to the zoo. In addition, the project has embraced community-driven initiatives, allowing token holders to vote on its proposals and participate in charitable activities. 

As with many meme coins, Moo Deng experiences rapid price swings, often driven by speculative trading and the thrill of community involvement. Just as with 

 before it, the success of Moo Deng hinges upon maintaining momentum in a volatile market where its value is shaped by the whims of investors and the joy of the online community.

MOODENG, the Solana-based native token of the Moo Deng meme coin project, is designed to fuel the Moo Deng community. It acts as a medium of exchange for trading, staking and incentivizing user engagement.

With a fixed total supply of 989,971,791 tokens, MOODENG's scarcity could help drive up demand and boost its value. The token's distribution strategy focuses on community rewards, marketing efforts and liquidity provision, ensuring healthy trading activity and long-term growth. This balanced approach aims to attract new investors intrigued by the project’s unique blend of viral culture and community-driven initiatives.

In just weeks since its launch, Moo Deng (MOODENG) has skyrocketed past a $300 million market capitalization and hit an all-time high of $0.3387 as of Sep 28, 2024 — an incredible 1,146% increase from the week before. This meteoric rise makes it one of the few meme coins to reach such heights in recent times. As of Oct 4, 2024, MOODENG has climbed into the ranks of the top 300 cryptocurrencies by market cap, 

The token's charm comes from the viral fame of its namesake, and this cultural phenomenon has led to substantial trading activity. In the past 24 hours alone (as of Oct 4, 2024), MOODENG's trading volume has reached $104 million.

While meme coins are known for their volatility, Moo Deng’s current value and trading activity show no signs of slowing down — thanks to its unique branding, engaged community and the renewed interest in meme-based cryptocurrencies. An unofficial 

 on X has already attracted over 59,000 followers, highlighting Moo Deng's rising popularity.

Thanks to this adorable little hippo, the Khao Kheow Open Zoo has welcomed a 50% increase in visitors, prompting plans for a 24-hour livestream of Moo Deng to satisfy public demand. Moo Deng’s fame has also spread to her immediate family: her mother, Jona, along with siblings Moo Toon and Moo Waan, now have their own tokens, too.

Looking to trade Moo Deng tokens? Bybit now offers the MOODENGUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While MOODENG's rapid rise and enthusiastic community support make it an exhilarating prospect, remember that meme coins are speculative by nature and often volatile. Without any intrinsic value, the price of this token is largely swayed by online trends and social media hype, making it a bit of a wild ride. As with all cryptocurrency investments, potential investors should 

Moo Deng’s rise as both a cultural phenomenon and meme coin demonstrates the power of internet culture in shaping new trends. While the token’s growth has been rapid and exciting, its future depends upon continued community support and interest. As with any cryptocurrency, potential investors need to stay informed and consider the risks before getting involved.

Intermediate

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Moo Deng (MOODENG): A Solana-Based Baby Hippo Meme Coin

Grayscale has launched the Grayscale Aave Trust, providing investors with exposure to Aave, a decentralized lending protocol on Ethereum and the 44th largest cryptocurrency by market cap. 

The SPX index was down by 0.17% as the market was impacted by rising oil prices, which surged over 5% following President Biden's support for Israel potentially striking Iran’s oil facilities. Additionally, U.S. labor market data showed signs of cooling, with a rise in jobless claims and fewer planned layoffs. Investors are now awaiting the September jobs report for further insights. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.35%, with Bitcoin rising by 1.40% and Ether dropping by 1.90%, in the past 24 hours.

Today's top performer is STX, which surged 3.6% following Stacks' success of their Bitcoin Builders event after a successful Asia tour and announcing the next Developer Event.

Stacks (STX), launched on January 2021, enhances Bitcoin with smart contracts and decentralized apps as a layer-1 solution, aiming to decentralize the internet and reduce big tech's dominance. It uses the security of Bitcoin to back its ecosystem, allowing for the creation of modular dApps. 

, which introduced thousands to the Stacks Bitcoin Layer 2 ecosystem. They are now seeking input on where to hold their next Bitcoin Builders event globally.

Check Out the Latest Prices, Charts, and Data of 

, providing investors with exposure to Aave, a decentralized lending protocol on Ethereum and the 44th largest cryptocurrency by market cap. The trust operates like a closed-end fund, allowing accredited investors to buy shares that track Aave's price. This follows Grayscale's earlier approvals for Bitcoin and Ethereum ETFs. Aave, a major DeFi protocol, aims to optimize lending and borrowing through blockchain and smart contracts, reducing intermediaries. Grayscale also offers trusts for other cryptocurrencies, including XRP, Bitcoin Cash, and Chainlink.

Yesterday, the total flow for BTC Spot ETFs was -$90.2 million, with no flow for GBTC and a -$90.2 million outflow from non-GBTC funds.

, allowing sENA and rsENA holders to start earning rewards from Ethereal DEX. Ethereal's waitlist is now live, and the first 1,000 users will gain access to an exclusive early user Telegram group.

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Grayscale Launches Aave Trust, Expanding Investor Access to DeFi Lending Protocol

Our weekly crypto derivatives analytics report dives into macro events, the current state of crypto and trading signals from spot trading volume and futures, options and perpetual contracts.

The U.S. presidential election is creating a volatility premium for options expiring after Nov 5, 2024. While longer-term volatility smiles have consistently favored out-of-the-money (OTM) calls, short-term options have recently mirrored this trend. This suggests that the decline in spot prices at the end of September hasn’t significantly dampened sentiment in the derivatives markets.

Please check out some of the report’s highlights.

Futures Activities Subdued After Month-End Expiration

Spot price volatility leading up to the Sep 27, 2024 futures expiration resulted in the highest trading volumes in futures contracts in over a month. This surge was primarily focused on BTC contracts, reflecting a trend we've seen throughout much of the market's recent history. The expiration of a substantial quarterly contract at the end of September caused a decline in open interest, as not all traders opted to roll their positions into later expirations. Consequently, futures activity is currently much lower compared to that in perpetual swap markets.

While the expiration of the September contract led to a significant drop in futures open interest, the effect on perpetual swap contract markets was comparatively mild. Although we observed a decline in perpetual open interest at the end of the month, this was likely due to the closure of long positions as spot prices retreated toward the lower end of their recent range. 

This shift halts an upward trend in open interest that had been approaching all-time highs, but it doesn’t indicate a major decline — especially considering the high trading volumes recorded over the last two days of the month.

BTC ATM Implied Volatility Falls Sharply Since Fed Rate Cut

Positioning in BTC options markets continues to be heavily influenced by the U.S. election narrative. This is most evident in the term structure, which indicates significantly higher volatility expectations following the election, while short-term options are trading at much lower levels. The rise in implied volatility for these shorter tenors contrasts with the recent decline in actual volatility, which has reached lows for the month as spot prices remain relatively stable. 

Over the past week, trade volumes have mirrored this shifting sentiment, showing similar activity in both puts and calls. However, neither trade volumes nor open interest levels have surpassed recent figures, reflecting the range-bound nature of BTC spot prices, which remain influenced by broader macroeconomic factors.

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Oct 2, 2024): Positive Sentiment Persists Following Recent Decline in Spot Prices

Crypto

Of course, you know Bitcoin. But how much you know about the rest? Here are the different types of cryptocurrency you must know!

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All hail to this brave new crypto world! You may or may not have heard of Ethereum, but surely you know something about Bitcoin. But, what if I tell you that there are many other types of cryptocurrency out there? Ranging from web3 tokens, ICO tokens, 

, you’ll be surprised what this dynamite crypto space has to offer.

With the altcoin season on the bull and Bitcoin prices continue to surge, especially when Elon Musk changes his 

. The crypto market like a colossus and the industry will continue to blossom into something even more substantial. 

So, if you’re curious about what’s next after Bitcoin, read on as we dissect the different types of cryptocurrency. Perhaps, you’ll also find some insights to diversify your investment portfolio.

Just like the type of fiat currency (your usual dollar bill), 

 is decentralized, relying only on the peer-to-peer community computer network made up of users’ machines or “nodes.” That means it is independent and not governed by a central bank or monetary authority. Also known as virtual currency or digital currency, cryptocurrency is often recognized as a medium of exchange for transactional purposes. 

In contrast to U.S. dollars, cryptocurrency ownership is usually recorded on a blockchain that uses a few vital components. In the case of Bitcoin, it’s a ledger distributed across every node in the network, encrypted transactions, timestamp server, 

, and the network of running nodes itself. 

Such a setup extends the capability of cryptocurrency beyond just regular money, as you’ll see in the case of crypto tokens. But more importantly, being the first currency built differently, Bitcoin started a big decentralization trend where governments and traditional banks no longer have a say in your privacy.

There are three types of cryptocurrency out there. That includes 

In 2008, an anonymous developer known as Satoshi Nakamoto published a whitepaper describing the first electronic cash independent of governments or banks— 

. Unlike traditional online payment, it promises a lower transaction fee, and it’s completely decentralized. 

There are no physical bitcoins, but only the balances kept on a decentralized public ledger system, known as a 

. These balances of Bitcoin tokens are subsequently kept using 

 to decrypt the encryption. To put it in simpler understanding, the public key is like your bank account number for you to send or receive bitcoin. In comparison, the private key is a secret key for you to authorize a bitcoin transmission.

As a cryptocurrency, Bitcoin is accepted as a means of payment for products sold or services provided that works just like fiat currency. Although it’s decentralized, the most intriguing part of bitcoin is its competitive exchange rate against the dollar attracting potential investors and traders. Despite it not being legally tendered, Bitcoin remains a popular type of cryptocurrency and has inspired many creators to launch their cryptocurrencies, collectively referred to as altcoins. 

 was the only cryptocurrency, but later, other projects started to emerge. Hence, the born of 

? All of them and many others were born out of their native platforms, native blockchains, and all of them were slightly different from the Bitcoin blockchain.

 were mostly developed for the single-purpose use case, to serve as a digital currency that somehow could be better than Bitcoin – at least according to the developers of these projects.

To put it simply, they were made to compete with Bitcoin by changing the rules to appeal to different users. And although some of them do challenge Bitcoin after all these years, ironically, the good old 10-year-old grandpa still 

. Simultaneously, all the other types of crypto coins are popularly styled now as 

Now, crypto tokens are normally developed to kickstart the crypto-related ecosystem. You know, it almost works like bonus miles. You can’t buy a loaf of bread for accumulated miles, but you can buy a plane ticket, and the more miles you have, the better it is for the airline’s ecosystem. The same approach works with crypto tokens!

No worries, you’ll find some practical examples later in the article. For now, just understand that crypto tokens don’t necessarily have their native blockchains and can be easily developed on top of other platforms. Compared to crypto coins that play a currency’s role, tokens often serve a particular function like voting for changes or rewarding people for participating in the network.

Based on which functions crypto tokens serve, they can be segregated into several categories:

One significant difference between ERC20 tokens and all the other token types is that ERC20 tokens are created on top of the Ethereum blockchain. 

 is not even a token but more of a token standard. Say a company decides to launch a dApp, a decentralized app, on the Ethereum platform. For their token to work, they need to produce it in agreement with the ERC20 standard that defines a set of rules.

Hence the tokens below can all be considered ERC20 as long as they are launched on the Ethereum platform. Below we will explore different categories of tokens, and some tokens can be in more than one category as well. 

One way for a crypto trading platform to differentiate itself from its competitors is the variety of currency pairs and

These tokens are value-adding because users can use them to pay fees, buy and sell other cryptocurrencies or power certain operations such as community voting for new coin listings.

Arguably, the best known and most liquid of all exchange tokens is the 

 for the Binance exchange. Still, there are, of course, also other exchange tokens, such as Huobi Token (HT), KuCoin Shares (KCS), Bibox Token (BIX),

 were all the hype during the summer of 2020, known as DeFi summer. DeFi stands for 

 and refer to decentralized applications involving finance, such as 

 has risen from $1B in 2020 to over $100B in 2022 amid Bitcoin’s 

. So, does that mean it’s a potential channel to disrupt the crypto niche? If yes, how so?

Believe it or not, the crypto niche is still centralized. Take Binance for an example; it still belongs to a group of people that contradicts Satoshi’s vision.

 is its aim to steer away from the traditional crypto platforms. The DeFi projects aim to enable users to borrow and lend within a peer-to-peer network, leverage the loans, and “farm” tokens for simply being active.  

Those “farmed” tokens or tokens produced on top of those platforms are DeFi tokens that include but are not limited to

 are used for the purpose of making decisions that will dictate or govern a protocol's future. Token holders have voting power, and thus a say in decisions about new feature proposals and changes to the project's governance system.

There are more and more decentralized protocols that boast on-chain governance that allows governance token holders to influence a decision through the in-place voting systems. As Dapps are on the rise, governance plays an essential part to create a synergy where stakeholders and developers can shape the future of a protocol together through the most transparent discussion and debate. 

token gives its community holders the ability to vote on key changes to the AAVE protocol. That means, if you hold AAVE, you have a say to favour or vote against the proposed changes or an upcoming proposal.

, this type of token could be the next big thing in crypto as soon as regulators worldwide decide how to regulate it. Real World Asset tokens are responsible for real world asset going through “tokenization” – the process that helps turn real-world assets, such as real estate, into digital tokens.

Say, as an investment, you want to purchase a fraction of an apartment in New York, but not a whole apartment because it’s too expensive. You can do so by buying digital assets that can be easily divided. 

Security tokens have been a buzzword for quite some time now, but it takes a good deal of proper regulation and standardization to put them to use. Hence, we haven’t heard much of them.  

 token, or Pax Gold, is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company, making it a real-world asset token. 

 made its appearance, and it took off. Crypto projects, sometimes of questionable provenance, were looking to raise money, and for that, often created a new coin as a way to fundraise. To put it in simpler terms, an ICO is a source of capital for startup companies.

Any interested investors can buy into the offering and receive a new crypto token issued by the company as an exchange. Through the fundraising campaign, companies will accumulate enough funds to keep the development process. Whereas these tokens would typically be exchanged for BTC and ETH. Mainly because they are easier to exchange for other currencies, and the market liquidity is usually higher.

Web3 tokens aim to decentralize our current internet infrastructure so that it is owned by the people instead of relying on existing centralized Web2 giants. Web3 tokens will aim to bring a fairer internet standard to everyone. 

 in use today? Google has 63,605 miles and 8.5% of all cables to its name; Facebook – 57,079; Amazon – 18,987; Microsoft – 4,014. These top companies control a significant amount of the submarine cables which make up an important infrastructure of our internet. 

 tokens are tokens developed on top of those crypto platforms that aim to stop this trend. And they reward users of their platforms with Web3 crypto tokens for contributing to the development of the other trend.

For example, with the decentralized project 

, the network’s users store other users’ data for the reward in Filecoin tokens. Similarly, 

 provides an inexpensive on-chain storage solution that allows users to archive information on websites forever.

The ThreeFold token is awarded to participants who authorized their node in the 

 which stands for the Internet free of global corporations. 

 refer to an asset integrated with a blockchain that allows users to purchase a good or service in the future. Unlike security tokens, utility tokens are not a direct investment but rather sustain the platform’s economy through the service provided. 

 is a utility token boast on its payment method for the 

. When you use this utility token, you can receive discounts when paying for the 

, using it for travel expenses, gift cards, and more. Ultimately, the utility coin is to boost the development and the ecosystem of the platform.

Do note that utility tokens are generally more versatile. That means they’re flexible to be integrated for many purposes, and can function as other type of tokens as well. A common example is that utility tokens are also 

 (NFTs) are digital certificate of ownership to a unique asset on the blockchain. It is popularly used to represent a work of art, but can also be used to represent a wide variety of assets, from photos, videos, audios, collectibles, real estate, virtual worlds, memes, GIFs, digital content like posts and tweets, fashion, music, paintings, drawing, academia, political items, film, memes, sports, games, or basically any digital file of value on the blockchain. 

The first NFT was created in 2015 on the 

. The digital signature is created such that it cannot be exchanged for another. They allow the holder to own an original item of a limited supply, originality, or edition. Because of their perceived high value, the issues may be limited edition or impossible to reproduce. 

Best NFTs are those where only one person or a few can own an original. It helps artists, creators, and collectors, mainly, to sell their items. They can be bought and sold in 

. The application includes popularity, monetizing wares, for royalty payment such that artists will receive a percentage of sales whenever the art is sold to a new user, partial ownership of land and expensive assets, auctioneering to raise capital and money such as Charmin and Taco Bell auctioneering of themed NFTs, creating unique moment memory or preserving histories, for market motives like trading, and celebrity issuing. We can differentiate them from 

 tokens offered through a crypto exchange promotion. 

, Twitter Founder Jack Dorsey’s first tweets NFT,

, as the name suggests, are tokens of a stable value almost all the time. The most popular stablecoins are pegged to the dollar, such as USDC and BUSD, and they are often backed by a stable or fairly stable asset like fiat currency or short-term US Treasury bills. 

There are also other less popular stablecoins such as euro stable coins, gold-backed coins, and other precious metals, oil, and commodity-backed tokens. 

in assets or even other digital currencies. They are backed on a defined ratio and the asset backing them must be kept in reserves as per the defined ratio. 

We have those backed by fiat, crypto, commodity, but there are also 

 which use software and rules to maintain the stable peg with fiat or another asset, but most have failed so far. 

Commodity backed: Tether Gold (XAUT), and DigixGlobal (DGX), also serve as stablecoins backed by gold. 

Algorithmic-backed: stable: Ampleforth (AMPL), 

 are cryptocurrencies used for privacy applications because their code encourages better privacy than would Bitcoin and mainstream crypto. 

There are many reasons one would need better privacy in crypto transactions – first as a right to privacy, security investigations, and highly sensitive transactions, although they are also used for crime and scams. 

These cryptocurrencies incorporate different methods of ensuring transaction privacy, e.g. coin mixing, anonymity techniques like CoinJoin, and offline transactions. This is in addition to techniques employed in mainstream crypto e.g. lack of tying real-world names with crypto addresses and blockchain encryption. 

 that are similar to using Ethereum but everything is privacy-enabled by default, such as Secret Network.  

So what are those the best cryptocurrencies that are worth your time and investment? Here’s what we think:

Five years ago, Bitcoin was merely seen as an investment for retail investors to profit from the exchange rate. This time, major institutional investors such as multimillion intelligence company - MicroStrategy, has join the market, buying over 

 purchases in 2020. Elon Musk, the founder of Tesla, has also previously accepted Bitcoin as a form of payment for their electric vehicles, 


The last year has been a roller-coaster ride for the crypto market. Bitcoin’s prices have 

, exploding to all-time highs of $69k in May of 2021, but has since dropped off by 60% due to economic 

and tightening measures. Today, Bitcoin is trading on an average of $19,000 to $22,000.

 has been actively riding the bull waves alongside Bitcoin. The star of 2021 DeFi summer is slowly transitioning into the new

On a global scale, the annualized carbon footprint of Bitcoin 

 the carbon footprint of New Zealand, 36.95 Mt CO2. That is all because the 

 consensus forces Ethereum to deal with the scalability issues.

Once the merge is successful, ETH will be able to host even more 

and it will be hard to imagine anyone who can challenge Ethereum’s founder, Vitalik Buterin, on his road to market dominance.

 that mirrors the price of the U.S. dollar. What does it mean? It has a stable value because it’s pegged to the USD and removes the volatility from the equation. This stability is achieved via maintaining a sum of dollars in 

 that is equal to the number of USDT in circulation, or at least that's what Tether claims because USDT is pegged not only to the U.S. dollars but to other reserves too.

What Are The Different Types of Cryptocurrency and Tokens?

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