SOME WAYS PUSS COIN CAN ACHIEVE AND ATTAIN PRICE STABILITY.

The introduction and creation of cryptocurrency was a financial and technological blessing seeing as it brought and continues to bring a lot of innovation and transformation and benefits. However we cannot deny the fact that while the cryptocurrency with its features like immutability and decentralization are pretty smooth it has another defining and foundational feature that is not so smooth and it is what discourages the new users and from remaining in the crypto world, causing them significant financial loss if they do not have proper risk management strategies or if they did not stick to it.

This negative defining feature is volatility and unpredictability of the cryptocurrency market, because I call this feature negative doesn’t mean its all that bad it has some benefits at least for skilled and disciplined traders the volatility of the cryptocurrency market offers opportunities to make profits from price swings, so the unprincipled price swings and volatility is only a problem or negative for long term investors and for tokens whose developers and community envision it becoming a token that offers important and crucial services and utilities therefore for these types of tokens and projects for example puss to be successful in achieving this it must first attain almost stability in its prices.

Full stability cannot be attained because instability and volatility is a foundational and defining feature of the cryptocurrency world and market however if puss coin will be able to attain a level of predictability users and investors will then no longer be deterred and discouraged from joining and investing in the community so join me as I examine some of the ways in which puss coin can attain a measure of stability in its prices in the unstable cryptocurrency market.

BUILD REAL UTILITY AND DEPENDENCE ON THE COIN

So, one of the ways to achieve price stability in an unstable world one of the reliable and trusted ways and strategy is to create a fixed value for the coin by creating and building real world utility and application that users will have to depend on everyday. Take for example the trx token and the ton token as well during the reigning days of airdrops ton made its way as being the go to token for any kind of verification transactions and that way it became popular and it was able to attain a stable price the same with trx it is the most popularly used for cross exchange transactions especially when you earn in tokens not popularly listed, you can first convert to trx and then send to the exchange all this applications and utilities these coins have is responsible for their almost stable prices.

Additionally, when a coin is bought or used because of its utility and not out of speculation people will buy regardless of the price and it will attract a lot of demand these users are not going to be buying this token as a result of any speculation or market sentiment therefore the price of the token will not be dependent on how the market is moving rather it will dependent on the everyday needs and usage of its users therefore we will not be hearing anything like any sudden dump of the coin or panic selling because once they buy it they immediately use it either burn it or whatever so as to complete the transaction they needed it for.

ENCOURAGE LONGTERM HOLDING OF THE COIN

Factors that ensures volatility, increasing volatility and unpredictable price swings in the cryptocurrency market is basically most times out of artificial activities and manipulation either from big time traders who cause market distortion and impact with their voluminous trades and also traders who enter and exit the market quickly intentionally try to cause market impact so if these traders can be convinced to hold and invest their tokens in the community and enjoy incentives of staking and locking up their assets then the chances of unstable or unpredictable price swings and movements will reduce and puss price will be more stable.

Additionally carrying out time based vesting for early investors and team members can take away the opportunity and choice of them dumping all of the tokens immediately they receive them therefore keeping the price stable.

CONCLUSION

In conclusion, price stability is one of the most crucial and determining factor that determines how successful a utility based token will be and how viable it will be in the long run therefore for puss coin to thrive it must attain a measure of price stability and it can attain this by building utility and dependence on the coin and by encouraging long term holding of the coin.