Maybe the xmr price is stable because some whale(s) sell the right amount at the right time, balancing supply to the present demand.
BTC wasn’t stable when it was “the only coin used as an actual currency” way back in time
Maybe the xmr price is stable because some whale(s) sell the right amount at the right time, balancing supply to the present demand.
BTC wasn’t stable when it was “the only coin used as an actual currency” way back in time
Perhaps. To be honest, I also find it somewhat suspicious.
But I think it’s mostly because people use Monero instead of speculating.
Since there is a stable demand and stable supply, it evens out. Day traders can arbitrage short term fluctuations to further stabilize it.
It’s the same reason gold and silver are also quite stable. Even Bitcoin is quite stable for weeks at a time before it will jump or drop.