The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Centric Swap has fallen by 3.44% in the past 7 days. The price declined by 2.15% in the last 24 hours. In just the past hour, the price shrunk by 1.65%. The current price is $0.00000175 per CNS. Centric Swap is 99.99% below the all time high of $0.0200.
The current circulating supply is 71,988,802,123.744 CNS.
is a -based that aims to address the price volatility problem of . The decentralized model followed by most cryptocurrencies has led the assets to be traded unregulated and hence, prone to manipulation, making demand change a significant factor affecting the price stability of these digital assets. Centric Swap attempts to create a stable scenario for the crypto space to realize the real value of blockchains. The developers of Centric Swap believe that a highly liquid digital asset with better stability and predictable returns forms the basis for the asset to be accepted for its functionality.
Centric Swap uses Centric Rise as its native currency. The CNR (CNR) is traded on the Centric payment network. According to the , Centric Rise is to have a stable exchange rate against a commonly accepted traditional currency. Thus, Centric Swap follows a model that is similar to institutionally regulated monetary policy.
Centric Swap (CNS) is the used by the Centric ecosystem as a common medium of exchange. The token is not similar to any traditional currency or digital asset. Moreover, CNS is also compatible with existing cryptocurrency ecosystems. Thus, the token also provides liquidity for the Centric payment network. The token is developed to provide utility in a bigger ecosystem. Through partnerships and collaborations, Centric Swap aims to create a space where and services can use the CNS token.
Centric manages the price of CNS so that it increases over time. Using a two-token system, Centric employs autonomous feedback mechanisms to balance demands. The dynamics of this system ensure the rate of return for CNR is maintained; while also assisting in making CNS more stable.
Centric purposes its own blockchain network in the future for more optimal utilization of its services. Centric Ventures is a program that proposes to create an ecosystem using innovation that adds value to the Centric network.
The idea for CNS was conceived in 2017. The dual-token system was adopted in 2021. Centric is led by CEO Joel Clelland, COO Thomas Butcher, and other members. The maximum supply of the CNR currency is fixed at one billion.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Centric Swap is $127.84K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Centric Swap is $0.0200. This all-time high is highest price paid for Centric Swap since it was launched.
Over the last 24 hours, the trading volume of Centric Swap is $110.18K.
The current circulating supply of Centric Swap is 72 billion.
No, Centric Swap is not currently available on Coinbase, but you can sign up to get the latest news on Centric Swap and be notified when it gets added to our exchange.
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