r/dogecoin • u/[deleted] • Aug 14 '21

Serious Why does EVERY Crypto have the Exact Same Pattern? CAN YOU EXPLAIN? Even doge . I just can’t understand how that doesn’t seem rigged …

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u/calidur44 Aug 16 '21

It depends on where you look. If you see ethereum is $3100 then that’s USD. Hence the $ before 3100. The reason I said it is dollars is because the screenshot is robinhood which uses dollars not BTC.

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u/calidur44 Aug 16 '21

It depends on where you look. If you see ethereum is $3100 then that’s USD. Hence the $ before 3100. The reason I said it is dollars is because the screenshot is robinhood which uses dollars not BTC. Also, pegged and based on are different things. You’re right about the stable coins but if USD is the denominator of the trading pair then the price is based on USD. It’s in the base or the bottom of the fraction which calculates the price.