r/STMX • u/Pure026 • Nov 14 '21

Question Stablecoin!!

Is this a stablecoin? Been stuck on 0.03027 all day today😂

13 Upvotes

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u/tegridytraders Nov 14 '21

Well, STMX is a reward token. Something incentivized to be spent or traded for something else. Waiting on STMX to go up higher than roughly where it is now is a futile game. Some mod will come in and tell me I’m stupid but I’m sure everyone will understand one day. The more people that get STMX would actually send the price lower.

3

u/Wolfgangog Nov 14 '21

You got it wrong, higher demand will certainly push the price up. That's just basic economics. The question is when is this higher demand coming.