Dai Holds Up Pretty well

In terms of stable coins most took a rather huge beating and well ended up not being so stable.

However DAI which is an ethereum based stable coin has done rather well and only spiked 3% over it's value. 3% is pretty solid when you think about the crazy amount of price swings that have happened over the last few days.

When you compare that to steems suppose to be stable coin that should hold a $1 value it now is all the way down to $0.61
Litterally SBD has been the worst stable coin ever I can't even remember the last time it was actually $1 and held that value for longer then a day. If you ask me it's time for us to finally phase out SBD and just stick to steem. Pushing the market cap of SBD into Steem would at least start to give steem some value again and there is no good reason to have SBD since it does not serve the purpose it was built for.

Move pass that we look into Ethereum and its upcoming hard fork upgrade called Istanbul.

I still firmly believe this is the coin you want to own. If the price goes down any further consider me a 50% buyer which means I will dump 50% of my disposable income into the coin and stock up. It is the ONLY coin with a solid development team, a large enough market cap and enough projects supporting it to really bring crypto into mainstream. Not even Bitcoin has that ability.

---