Pegged currencies are also known as stablecoins. These are pegged to other assets to ensure stability. Since new coins are constantly being introduced, it can be challenging to predict which cryptocurrencies will still exist in the future.
In addition to this overall uncertainty, bitcoin investors have also been tormented by extreme volatility. This can be verified by taking a look at the price development of bitcoin over the previous year.
In order to give more stability than other digital currencies often do, more and more developers are launching or planning for cryptocurrencies that are tied to the dollar, to gold, or to other fiat currencies.
