The market value ratio record of waves and usdn

As the March party ends, Sasha's hands and feet at the WAVES are also discovered, and the April WAVES maintains the chattering situation

So I want to estimate, how much is the multiple of WAVES relative to the market value of USDN, can it stop falling?

USDN stablecoins are minted by destroying WAVES, and they can also be minted by destroying USDN. However, when the overall market value of WAVES is lower than USDN, there will be a problem of insolvency. If there is no run, it may be fine, but In such a sensitive period, it is estimated that stampede is inevitable

Therefore, to count the multiples of the market value of USDN compared to WAVES since the beginning of this year, the following data are for my personal research and use, and are not rigorous at all, please do not use it as an investment basis

Date WAVES MC USDN MC WAVES/USDN

1/1 1600M 535.18M 2.98

2/1 976.05M 491.25M 1.98 WAVES this year's low, the ratio this year's low

2/16 1113 442 2.55 USDN This year's low

3/1 1820 498.7 3.64

3/15 2800 636 4.40

3/27 3440 786.47 4.37

4/1 6140 883.32 6.95 waves market cap peaked

4/5 3550 826.11 4.29 USDN is greatly decoupled and the community votes to revise the arbitrage details

4/8 3040 1030 2.95 USDN market cap peaked

4/25 1910 940 2.03 Today

Personal opinion: When the multiple drops significantly, if USDN is not linked back in time, the selling pressure of arbitrage on WAVES will become more and more significant. TG has a robot to see how much arbitrage data there is every day. At present, a large amount of USDN is destroyed. Converted into selling pressure on WAVES, but the decoupling of USDN has not reduced the decoupling situation since it touched 0.9852 on 4/22, but is intensifying. At the time of writing on 4/25, USDN has dropped to 0.9633, and VIRES’s liability to the project side It is a heavy burden. Unless RUG needs to pay off a large amount of debt, the pressure is still there. Therefore, at the moment of writing, it seems that the selling pressure of WAVES may not be able to stop in the short term.

The sources of information are all coinmarketcap, and I am too lazy to compare with the gecko, and I am too lazy to open a spreadsheet in the middle of the night, the layout is messy, everyone forgive me