Deutsch
Français
English
Español
Italiano
العربية
中文
Português
Русский
TürkçeEURC Information
EURC is positioning itself as a significant player in the burgeoning world of stablecoins, offering users a seamless bridge between traditional finance and the rapidly evolving cryptocurrency landscape. With its focus on transparency and compliance, EURC aims to provide a reliable means of transferring value while maintaining a stable peg to the Euro. As the demand for digital assets continues to rise, EURC is set to cater to both retail and institutional investors seeking stability and security in their transactions.
Introduction to EURC
The EURC, a relatively new entrant in the cryptocurrency landscape, offers a unique proposition for investors and users alike. With a current price hovering around $1.086, EURC aims to bridge the gap between traditional finance and digital currency, focusing primarily on providing a stablecoin experience tethered to the Euro. This article explores the advantages and disadvantages of EURC, its historical performance, and the potential for its future growth.
Advantages of EURC
One of the primary benefits of EURC is its stablecoin nature. Being tied to the Euro allows for reduced volatility compared to many other cryptocurrencies. This characteristic makes it an attractive option for individuals and businesses looking to transact without the usual price fluctuations associated with other digital assets.
Additionally, the backing of a fiat currency like the Euro lends a level of credibility and trust to EURC. Users can feel more secure knowing that their investment is pegged to a well-established currency. Furthermore, the development team behind EURC has put significant effort into ensuring security and compliance with financial regulations, adding another layer of trust for users and investors.
Disadvantages of EURC
Despite its advantages, EURC is not without its challenges. One significant drawback is that, while stablecoins provide stability, they may also offer limited growth potential compared to traditional cryptocurrencies like Bitcoin or Ethereum. Investors seeking high returns might find EURC’s growth trajectory less appealing.
Moreover, being tied to a fiat currency means that the broader economic conditions affecting the Euro will also impact the value of EURC. This dependency can lead to concerns if the Euro were to face significant depreciation or instability within the European Union.
Historical Performance of EURC
Since its inception, EURC has shown a promising trajectory. The coin's all-time high (ATH) reached $1.35 on March 14, 2023, reflecting strong market interest and adoption. However, it experienced a decline to its current price, representing a decrease of approximately 19.70% from the ATH. On the other hand, the all-time low (ATL) of $0.052848 recorded on December 9, 2022, showcases the significant recovery and growth that EURC has achieved, with an astonishing increase of over 1954% since its lowest point.
Currently, EURC has a market cap of around $94.3 million, with a circulating supply of approximately 86.8 million EURC tokens. The relatively low total supply can foster scarcity, potentially contributing to upward price movements in the future.
Future Outlook for EURC
The future of EURC appears cautiously optimistic. As the adoption of cryptocurrencies continues to soar, stablecoins are becoming integral to financial ecosystems, especially in facilitating transactions and providing liquidity in decentralized finance (DeFi) platforms. If EURC can expand its partnerships and integrate with popular DeFi protocols, it stands a chance to increase its user base and transaction volume.
Moreover, given the ongoing developments in the regulatory environment for cryptocurrencies, particularly in Europe, EURC might benefit from becoming a compliant solution that meets the needs of both users and regulatory bodies. Should these factors align positively, EURC could very well carve out a solid position within the stablecoin arena.
Conclusion
In summary, EURC presents a compelling option for those seeking stability in the volatile world of cryptocurrencies. With its strong backing, historical performance, and potential for future growth, it could very well establish itself as a key player in the digital currency market. However, potential investors should remain cautious about the challenges associated with stablecoins and consider them within the context of their overall investment strategy.
|
from price
$1
|
General Information |
|---|
|
Title
EURC
|
|
Symbol
eurc
|
|
Whitepaper
-
|
|
Website
|
|
Community
-
|
|
Last Updated
2024-11-12 23:52
|
Price Data |
|
Current Price $
1.069
$
|
|
High 24h
1.084
$
|
|
Low 24h
1.06
$
|
|
Price Change 24h
-0.0094890360743454
$
|
|
Price Change % 24h
-0.87954
%
|
Market Data |
|
Market Cap
101472812
|
|
Total Volume
88107515
|
|
Market Cap Change 24h
-421282.9906268
|
|
Market Cap Change % 24h
-0.41345
%
|
|
Return on Investment (ROI)
-
|
Supply and Availability |
|
Circulating Supply
94889479.64582
|
|
Total Supply
94889479.64582
|
|
Max Supply
-
|
Historical Data |
|
All Time High (ATH)
1.35
|
|
ATH Change %
-21.00178
%
|
|
ATH Date
2023-03-14 09:50
|
|
All Time Low (ATL)
0.052848
|
|
ATL Change %
1921.00493
%
|
|
ATL Date
2022-12-09 03:16
|