This Report Will SHOCK You!! These Cryptos Could Benefit The Most!
Published: 2024-10-02
Status:
Available
|
Analyzed
Published: 2024-10-02
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
New use cases for stablecoins, specifically crypto payments, are expected to emerge, which could lead to new all-time highs for supporting smart contract cryptocurrencies.
"new use cases specifically crypto payments will emerge that could take the smart contract cryptos that support them to new all-time highs"
Pending
The total stablecoin market capitalization is projected to grow from $60 billion.
"a total stable coin market cap of $60 billion and Rising"
Pending
Over $2.6 trillion in stablecoins were transferred in the first half of 2024.
"over $2.6 trillion of stable coins being transferred in H1 2024 alone"
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USDT is increasingly being utilized as a digital USD bank account alternative for individuals lacking access to traditional USD banking.
"usdt is increasingly being used as a sort of digital USD bank account for people who can't get access to a regular USD bank account"
Pending
USDC is primarily used in decentralized finance (DeFi), where users borrow USDC using other cryptocurrencies as collateral.
"usdc in usdc case it appears to be primarily used in defi people borrowing usdc using other cryptos as collateral"
Pending
USDT is predicted to remain the most dominant stablecoin.
"usdt Remains the most dominant stable coin"
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eUSD has achieved a market cap of nearly $3 billion since its launch in March.
"its market cap has grown to almost $3 billion since launching in March"
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The market share of USDT is expected to decrease, while USDC's market share is anticipated to grow.
"this is meant to imply that usdt will keep shrinking and that us usdc which Visa is using will continue to grow"
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The majority of stablecoin transactions occur on the Tron and Ethereum blockchains.
"most of the stable coin transactions are taking place on two smart contract cryptos Tron and ethereum"
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The prevalence of USDT on the Tron network suggests a bullish outlook for the TRX cryptocurrency.
"this leaves usdt on Tron which paints a bullish picture for TRX"
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The primary reason for stablecoin usage is to gain exposure to the US dollar.
"the number one reason why respondents use stable coins was to get exposure to us"
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Earning yield is the second most common reason for using stablecoins, closely following exposure to the US dollar (47% vs. 39%).
"the number two reason was to earn a yield and that these reasons were fairly close 47% versus 39% respectively"
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Respondents prefer stablecoins over traditional USD due to the perceived lower likelihood of government interference.
"the main reasons why respondents use stable coins instead of regular USD was quote the likelihood of government interference"
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USDT's dominance in emerging markets is attributed to its perceived lower risk of controls compared to US-based stablecoins.
"this is why usdt is so dominant in Emerging Markets"
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A significant portion of users indicated they would switch from Tether if it faced a ban or government intervention.
"a number of users also reported that they would switch from tether if it were banned or faced government intervention"
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Respondents indicated a preference for using Ethereum as their primary blockchain for stablecoin transactions.
"ethereum was the preferred blockchain for stable coins among respondents"
Pending
The primary use case for stablecoins is for trading cryptocurrencies or NFTs.
"the actual number one reason why people use stable coins is to trade crypto or nfts"
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Nearly 50% of respondents utilize stablecoins as a savings mechanism.
"almost 50% of respondents use stable coins as a savings mechanism"
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39% of stablecoin users engage in payments for non-crypto related use cases.
"39% of respondents using stable coins for non- crypto use cases use them for payments"
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If the current trend persists, Tron (TRX) and Ethereum (ETH) are expected to benefit.
"so long as this continues to be the case then TRX and eth will continue to benefit"
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The majority of USDC supply is on Ethereum, with significant portions on Solana and Arbitrum.
"almost all its Supply is on ethereum with most of the remainder on the base layer 2 salana and the arbitrum layer 2"
Pending
If USDC becomes dominant, Ethereum (ETH), Solana (SOL), and Arbitrum (ARB) are expected to benefit.
"so this means eth soul and OB"
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Payments are anticipated to become the largest use case for stablecoins.
"payments will be their biggest use case"
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PayPal's PYUSD is predicted to become a prominent stablecoin for payments.
"it looks like the answer will be PayPal's py USD"
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Solana holds the majority of PYUSD's supply.
"can you guess which blockchain holds most of its Supply that's that's right salana"
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Solana is positioning itself as an ideal smart contract cryptocurrency for payment applications.
"salana seems to be positioning itself as the ideal smart contract crypto for payments"
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Visa prioritizes speed and reliability over regulation for stablecoin payments.
"speed and reliability were even more important to them than regulation when it comes to stable coin payments"
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Solana is predicted to be the dominant blockchain for payments, surpassing Ethereum and its layer-2 solutions.
"at the blockchain level it might be salana and not ethereum or its layer 2os"
Pending
PYUSD is predicted to be the dominant stablecoin for payments, surpassing USDC.
"at the stablecoin level it might be py USD and not usdc"
Pending
PayPal is predicted to be the dominant payment processor in the future stablecoin ecosystem, rather than Visa.
"at the payment processor level it might be PayPal and not Visa"
Pending
The most likely future scenario involves PayPal (PYUSD) and Solana.
"PayPal py USD and salana"
Pending