Previously, the exchange issued a warning notice earlier this year about investing in digital assets tied to algorithmically stable currencies. The key is to do this. "Guiding Algorithmic Stable Currency Investment Precautions".
The warning notice on June 14 paid special attention to the difficulty of pegging USDN and USDD. The price adjustment of WAVES and TRX may increase. Therefore, the alert urges investors to be very careful when investing in these two virtual currencies.
The exchange also assured investors that they would be keeping a close eye on these algorithmically stabilized coins and making members aware of the price adjustment improvements.
WAVES is currently trading at $5.02 after a 24-hour .88% price drop over the past 24 hours. The price of the virtual currency has also dropped by $37.40% over the past seven days.
According to data from CoinMarketCap, the current market value of WAVES is $544,818,039, and the 24-hour trading volume is $519,978,121.
After checking that the price of TRX has fallen by 0.08% in the past 24 hours in the same period and reached a high of 0.08%. 06675 US dollars, its current value is 0.06127 US dollars. The 24-hour trading volume of TRX was also $2,281,270,621, an increase of $49.88% from the previous day.
