What are the weaknesses of mainstream currencies (what is mainstream currency)
What are the weaknesses of mainstream currencies? What are the weaknesses of mainstream currencies In terms of technical indicators, mainstream currencies mainly exhibit bullish fundamentals; Good market sentiment; The overall market is not optimistic; The price fluctuates significantly. The technical support and relative strength points mentioned in the technical analysis have strong reference significance. The tracking of technical analysis has a greater possibility of operability. If there is a sharp decline in the market, investors can pay attention to the price trend of BTC/USDT contracts after delivery next Monday night and whether the deviation from MACD on the daily chart will have an impact. At present, both of these situations are quite obvious:
1. Bitcoin has fallen below the $10000 threshold; 2. Ethereum rebounded from the lowest 9250 to above 10900 and operated in shock; 3. Ethereum Classic broke through the 60 day moving average and began testing the resistance level of the MA30 moving average upwards; 4. The EOS fell back to a low point on June 17th in the early morning, reaching below the 50 day moving average to stop the increase
What is mainstream currency
The emergence of mainstream currency has brought a new concept to people, namely “value”. In the field of crypto assets, “value” refers to those virtual goods that are recognized or accepted by others in some way and have verifiable Scarcity and indivisibility. However, this does not mean that any digital currency can be associated with it like its name Generally speaking, we refer to this term as mainstream currency – also known as “Bitcoin”. When you regard Bitcoin as a value storage tool, you can use it as a Medium of exchange for exchange, but if you want to become the “Fiat money on the blockchain”, you must have the corresponding legal currency support instead of the support of cash and bank deposits. In other words, if you want to make your Bitcoin legal and not lose value because other entities hold your BTC, you need to buy some Stablecoin, such as Bitcoin ETF and other financial investment products or gold funds. So, traditionally speaking, mainstream currencies are more like stocks than asset classes like bonds.
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