Coins in the CoinGecko top 100 come and go all the time.
But not stablecoins.
This is weird.
As I just said, strange little tokens jump into the top 100 all the time.
Today on CoinGecko, we currently have GGTKN at 43, XRD at 67, CFX at 74, MARU at 87, and GMX at 98.
I have no idea what these tokens are or what they do.
I’m officially “in the industry”, so I feel like I should know, although most of your major crypto YouTubers who have been in this game a lot longer than me likely have no clue either.
Most of these are pumps, and nothing more, so they’re easy to dismiss. We won’t see most of them in a few months.
But when a 1-to-1 stablecoin makes this jump, and ends up right next to FRAX and the long-standing Paxos Dollar?
This needs reviewing.
So let’s review.
Graded ‘I’ For Incomplete
Unfortunately, Edgecoin’s main site, edgecoinpay.com has been in maintenance for the last few days.
You need to go HERE instead. Much better description
If I’m putting my money in a stablecoin however, I want more information. I want second opinions.
The most comprehensive (and I say that very loosely) video on EDGT was done a year ago, when people didn’t care what these tokens actually did, they just cared about the yield.
And the yield was silly on this one.
Watch this video, and tell me if you are any clearer on what this project does anymore than you did before.
And don’t laugh at his voice.
Sadly, not much here.
It’s for education, isn’t that great?
No it’s not. Because anyone can say shit like that. It’s a throwaway. Give me more.
Every other video is one of those translation-software videos that are almost never helpful.
Yet this has not stopped EDGT’s progress. They’re one-year market cap shown here.
So we go back to the website.
If you look at the website I linked above, it’s an entire ecosystem, which is interesting.
A full on fintech app, complete with a debit card, different currencies, connections to your bank, all of it.
But it doesn’t go any deeper than that.
Shame too, because even though it’s not ground-breaking, I do like the idea if it can stick.
But the information we have is very incomplete right now.
And there’s no alpha here, since it’s a stablecoin, and one you’re likely not going to hold unless you use the app.
But as we’ve spoken about in the past, banking options outside of the fiat system are important, and this has the potential to be another weapon in a lot of people’s arsenal.
So watch this space.
But there’s no urgency until we know more.