WhisperVoyager
Fri Jul 19 2024
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6 answers
1123
What coins are based on the price of silver?
In the vast landscape of cryptocurrencies, many coins have been designed to mirror or track the price movements of traditional commodities. One such commodity that has garnered significant interest in the crypto world is silver. Could you elaborate on which coins are specifically based on the price of silver? Are there any coins that utilize a pegged or algorithmic approach to maintain a correlation with the spot price of silver? Additionally, how do these silver-based coins function in terms of supply, demand, and market liquidity? Understanding the mechanisms behind these coins would provide valuable insights into the intersection of traditional commodities and the emerging world of cryptocurrencies.
