How an Emerging Markets Currency Crisis will Cause Coin Prices to Explode

A fast-moving emerging markets crisis can greatly increase demand for cryptocurrencies. Altcoin prices could shoot up as residents of crisis nations seek safe havens for their money.

Cryptocurrency is the easiest and fastest way for Argentines, Turks, Venezuelans, and others to move their money out of country. All a person needs to convert funds to altcoins is a credit card and an internet connection. Anybody can download a digital wallet, and buy cryptocurrency in a few seconds.

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Is the Dai Cryptocurrency a Good Investment?

The big difference between Dai; and solutions like Ripple (XRP), is that it uses a decentralized platform to peg the cryptocurrency price to the dollar. The key to Dai’s stability is a special smart contract called a Collateralized Debt Position (CDP).

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