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USDC Price Prediction For Next Year

USDC Price Prediction

October 14, 2021 | 

260 Views | 

Jesus Guzman | 

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USD Coin price forecast / USDC forecast

This article gives an insight into the value and price predictions of USD coins. It explains the stable coin characteristic that the USDC possesses and the other attributes that give the USDC crypto an upper hand over other cryptocurrencies.

Why USD coins are a better investment compared to savings accounts and CDs.

The foundation of the USD Coins

Before venturing into the cryptocurrency market, beginners are advised to do a lot of research to make informed decisions. This article will shed light on the value, importance, attributes and so much more about the USD coins.

The article will also contain information about the USD coin price forecast for different months of the remaining part of 2021. It will also give information about the current USD coin price as per different cryptocurrency sites.

Most investors want to know whether the USD coins are a safe asset to invest in and how profitable it is. We will explain the volatility level and safety of the USDC. It will explain why the USD coins are considered a more profitable venture compared to the traditional savings accounts, Certificates of deposit, and equities.

In addition to that, the article also explains how the USD coins gain their stable coins status. It also clearly states the ratio by which it is backed by the US dollar flat coin.

About USD Coin USDC

USD coins are quite different from the other cryptocurrencies in that they are stable coins. Because of this, millions who have stored their assets in form of USD coins can transact worldwide with the assurance of low volatility and stability.

It avoids the risk of the coin’s value swinging mid-transaction. The USD coin is linked to the US dollar by a 1:1 ratio. It means that you can exchange 1USDC for 1 US dollar.

What is the point of the USD coin?

USD coin has several attractive characteristics that put them in an advantageous position over other cryptocurrencies. Some of those characteristics include:

Compatibility with cryptocurrency wallets

USD coin is an Ethereum token that makes it compatible with all Ethereum based apps. This, therefore, enables USDC holders to shop and make payments easily in the cryptocurrency universe. You can even earn more USDC by depositing your USD coins in the Ethereum wallets and earning an attractive amount of interest.

  1. Easily Transferrable

As stated earlier, USDC is an Ethereum token. This makes it compatible with Ethereum based apps thus enabling one to make transfers and payments all over the world.

Other crypt currency transactions take several days to complete. But with USD coins it takes a couple for the transaction to end successfully.

  1. Secure and transparent

To ensure transparency Circle has its USDC project with coin base audited by a leading audit firm, Grant Thornton LLP. This, therefore, gives the concerned stakeholders the confidence to transact and exchange with USDC.

In addition to that, USDC is pretty secure, unlike bank accounts which a hacker only needs to get your login credentials to access your assets. With USDC, a hacker can only access one’s private wallet by gaining A USDC holder’s private key that only the holder has.

  1. A feasible alternative to USDT

Most investors prefer to use USDC compared to USDT because USDCs are less risky than the former. In addition to that, some platforms offer a high-interest percentage for USDC deposits while they do not less any interest for USDT.

  1. Less volatility/ stability

As stated earlier USDC is a stable coin. It is backed by a flat coin, US dollars. This, therefore, makes USD coins stable thus ensuring that the USD coins do not keep fluctuating mid a transaction. Because of this, investors prefer using USDC since it allows them to transact easily in the crypto universe without exposure to volatility.

Is USD coin a good investment?

For a beginner, this is a question that is always ringing in their mind. To answer the question, YES USDCs is a good investment. For years now the yield returns of savings accounts and certificates of deposit have been too low.

This has made investors venture into equity which also offers low returns for less risky ventures and the only way that one can make more money with equity is if they invest in risky projects.

All this put together, it is clear that USDCs is more profitable and better investments since they pull higher interest rates ranging from 9% - 12% and have lower volatility and risk rates i.e., high return rates with low-risk levels.

What is USD coin worth?

According to coinmarketcap.com, the USD coin price today is 1 US dollar. It has a market capitalization of 31,271,506.613 US dollars and a trading volume of 3,213,965,094 US dollars. In the last twenty-four hours, the USD coins have gone up by 0.04%.

On the other hand, according to coin gecko’s USD coin live chart, the current USD coin live price is 1.00 US dollars. It has a trading volume of 4.6 billion US dollars. On top of that, the site’s USD coin price action indicates that the USDC price has been ranging at 1.00 US dollars with trading volumes ranging from US$2.8 B – US$ 4.6 B on 27/09/2021 to 28/09/2021.

USD coin price forecast/ USDC forecast

According to trading beast’s USD coin price predictions, the USDC price is forecasted to be US$ 1.28 by the start of October 2021. The expected minimum and maximum prices for the same are projected to be US$ 1.09 and US$ 1.59 respectively. The projected average price for the same month is set at US$ 1.28.

By end of 2021, the site’s USD coin price prediction indicates that the USDC price will be US$ 1.28. The forecasted maximum and minimum prices are US$ 1.60 and US$ 1.09 respectively. In addition to that, the site has predicted that at the end of 2021 the estimated average price will be US$ 1.28.

USD Coin price forecast Summary

From the above article, we see that USD coins are a stable coin currency. It is because they are backed by US dollar flat coins. The two currencies are linked by a 1:1 ratio. It makes it more stable and less likely to fluctuate mid a transaction.

Compared to other cryptocurrencies, we can see that the USD coins are quite stable since their predicted price from beginning October 2021 to December 2021 is still US$ 1.28. The low volatility rate and high returns are some of the attributes that make USD coins the most preferred investment amongst investors.

In addition to that, we have seen that the USD coins are Ethereum tokens which make them compatible with Ethereum based cryptocurrency wallets.

It is possible to transact easily because the USD coins transfer is completed in minutes compared to other cryptocurrencies which take days to complete a transfer. Besides that, the USDC is safe and a viable substitute for the USDT since USDCs are offered a higher interest rate by investment platforms.

Lastly, we see that as per coin gecko’s and coin market cap’s USD coin live charts, the USD coin price today is US$ 1.00 with trading volumes of 4.6 billion US dollars and 3.2 billion US dollars respectively.

The trading beast’s USDC forecast shows that from the month of October 2021 to the end of December 2021 the estimated price of USD coins will be US$ 1.28. So with consideration of all the information given above, it would be advisable for one to venture into USDC investment.

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