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The crypto dollar falls in Argentina before a runoff with #Massa and #Milei
The price of USDT and other stablecoins, in Argentine pesos, is going down after knowing the first results.
The vote to decide who will be the next president of #Argentina has ended and the first official data is now known.
With more than 78% of the tables scrutinized, it is confirmed that Sergio Massa (Unión por la Patria) and Javier Milei (La Libertad Avanza) have obtained first and second place, respectively. Both will have to face each other in the runoff that will take place on November 19.
The price of stablecoins such as #USDT , USDC or DAI increased their volatility.
As can be seen in the following graph, provided by the CriptoYa website, since 7:30 PM the “crypto dollar” has fallen 10% on some exchanges. At the time of this publication, the purchase price is between 1,040 and 1,220 pesos.
In addition to all this commotion, a memecoin that pays tribute to Javier Milei's dog collapses.
The unexpected result had an impact on the price of Conan Token (VLLC). As CriptoNoticias announced on Friday, this is a meme cryptocurrency (or memecoin) inspired by Conan, one of Milei's dogs.
That token developed on the network #Ethereum had a bearish day in which it lost 50% of its value (expressed in US dollars)... incredible this market...
Source: CriptoNoticias
