Image default
Markets

Polkadot’s pUSD stablecoin is here! But the market already sees 3 red flags


Source: Forbes

Together, they dominate global liquidity and trading pairs across exchanges.

Against these giants, pUSD is starting from scratch, backed solely by DOT and confined to Polkadot’s ecosystem.

The challenge will be to earn trust and adoption; pUSD must prove it can stand firm where others already command near-total market share.

Source: TradingView

At press time, DOT traded at $3.93, slipping nearly 1.6% since the pUSD proposal announcement. RSI hovered just above neutral at 52, while MACD showed weakening bullish signals, hinting at short-term hesitation.

Traders are perhaps treading carefully.



Source link

Related posts

Ethereum Price Prediction: Analysts Discuss $10K Chances As ETH Whales Move Into Altcoin Dubbed ‘XRP 2.0’

Tokenaltcoin

Polymarket CEO hints at POLY token after $2B ICE backing – Details

Tokenaltcoin

High Traffic Fails to Convert to Loyalty in LATAM Media, Outset PR Finds

Tokenaltcoin