Stable Coins Popping...

I just checked coinmarketcap.com a few moments ago to see what's changed in terms of prices in the crypto space and while scrolling to find Steem I noticed that it wasn't ranked 47th anymore and it was a new coin "proud to sit" on that spot. A stable one. The Gemini Dollar which was supposed to be pegged to 1 USD "has decided" to go parabolic to about $1,14 at the moment of writing and leave the pegged status in the dust. A good trade isn't it, for the ones holding Gemini Dollar? I don't understand though such fluctuations for stable coins. If they were supposed to be pegged then why aren't they?!

Some one cent or less of a fluctuation I can get but 14 cents...it's fishy. You probably remember what happened with USDT also a few months ago when it felt from its pegged $1 value to 91 cents. It was due to rumors regarding Tether not having actually the backed amount of dollars in their bank accounts that they printed as cryptocurrencies. Stable cryptocurrencies... Looks like stable and predictable simply can't fit in this wild west of assets called crypto. A highly manipulated one also.

Thanks for attention and have a great day!
Adrian