What is Tether (USDT)?
Tether Price Prediction: Tether was launched with an idea to create a stable cryptocurrency which can be used as a digital currency or dollar. It is completely different from other cryptocurrencies; basically, it is a combination of fiat and cryptocurrency which offers the best of both worlds. Mostly the value of Tether is depended on the value of fiat currency. At this moment USD is the most popular currency that uses Tether platform as USDT crypto, along with USD there is another currency that uses is Euro. Tether is the bridge between digital and fiat currency.
|Market Cap||$3,691,502,089 USD|
|Total Supply||4,020,057,493 USDT|
|Highest Market Price||$1.21 USD|
|Lowest Market Price||$0.849809 USD|
|Launch Date||6th March 2015|
Is Tether (USDT) a Good Investment?
Tether Price Prediction: If we look at the performance graph of Tether, starting from its launch then we can say that this is the only cryptocurrency which is very much stable in the crypto market. And we all know the reason is they are dependent on fiat currency. After two years from the launch Tether, first time faced price dropped which was in April 2017. This drop was also caused due to Tether was rejected by Taiwanese bank and this new was got spread everywhere so the holders sold their USDT coins at a much lower price. And at the same time, some other cryptocurrency like bitcoin was increasing significantly.
After one year USDT got stable once again and suddenly price drop was and this time it was not caused due to market fluctuation but that happened because of attack. And the reason behind this attack was to increase the price few other cryptocurrencies. Due to this large USDT investors sold their coins.
After reading this we come to know that the price of Tether is mostly depended on the value of Dollar, and there are very fewer factors which affect its price. So if you don’t want any kind of risk then this will be a good option for you but it will not give you good returns on your investment. And if you are looking for good returns on your investment then we will suggest you don’t invest in this coin. This coin will just give assurance that your investment is safe but it will not be profitable for you.
Tether (USDT) Price Prediction
Tether Price Prediction: There are very fewer chances that the price of Tether will get dropped in the upcoming time, and even it happened then it will not much affect your investment as it drops very less compared to other cryptocurrencies. Generally, its price remains close to 1:1 ratio with the price of USD, but we all know that we cannot trust 100% on any cryptocurrency. As it may break down at any time or it may rise at any time there is nothing like permanent. So if we see some ups and downs in the upcoming time then it won’t be surprising for us. But Tether has one benefit over all other cryptocurrencies that it will not fall beyond 90 cents per coin, so it will be safe for investment.
Read Also: QTUM Price Prediction
In the last few years, USDT has faced some market falls but this coin has shown fast recovery after its downfall which is very impressive for any cryptocurrency. This is the best thing for the investors as they can be more reliable on this coin. Also, USD prices are not much fluctuating continuously which helps them maintain a stable graph. So this will be a better option for investors and traders who don’t want to take much risk in the crypto market.
Tether (USDT) Price Prediction 2019
|Month & Year||USDT Price Prediction|
|July 2019||$1.03 USD|
|August 2019||$1.01 USD|
|September 2019||$1.05 USD|
|October 2019||$0.93 USD|
|November 2019||$0.98 USD|
|December 2019||$1.01 USD|
Tether (USDT) Price Prediction 2020
|Month & Year||USDT Price Prediction|
|January 2020||$0.95 USD|
|February 2020||$0.97 USD|
|March 2020||$0.99 USD|
|April 2020||$1.03 USD|
|May 2020||$1.01 USD|
|June 2020||$1.00 USD|
|July 2020||$0.98 USD|
|August 2020||$1.03 USD|
|September 2020||$1.02 USD|
|October 2020||$1.00 USD|