Nubits price….well, pretty flat in first week of trade

Peercoin-inspired Nubits (NBT) are trading flat at the equivalent of $1.00 across multiple exchanges. That’s because the value of 1

Peercoin-inspired Nubits (NBT) are trading flat at the equivalent of $1.00 across multiple exchanges. That’s because the value of 1 NBT has been pegged to $1. According to its website, Nubits are “the world’s first stable digital currency.”

The currency is traded against USD, BTC and Peercoin (PPC) on CCEDK, its highest volume venue. It also trades against BTC on BTER and AllCoin. The vast majority of trading is based in PPC.

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Against PPC, which currently trades for about $0.95, NBT is trading near 1.03. Against BTC, 25.8 mBTC. The launch had stimulated some brief hype in PPC prices. When the dust settled, PPC had come back to earth and continues to trade near 26 mBTC. In other words, by coincidence, 1 NBT = 1 PPC = 1 USD (approximately).

NBT/PPC, Oct 3. Source: CCEDK.com
NBT/PPC, Oct 3. Source: CCEDK.com
NBT/USD, Oct 3. Source: CCEDK.com

Total volume has been decent, with a total of $32,000 worth traded in the past 24h.

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