At this time when Bitcoin is making huge progress and blowing the minds off of the followers, while alerts are working on alerting the community about the movement which was seen from Tether Treasury of 10 million dollars to Bitfinex. Bitfinex has reported that it sent the same amount back to the treasury again.
Now the question is any one of them going to comment on this suspicious movement or not?
Tether Price Analysis on 30th June 2019
The value of USDT to USD is trading at $1 at 09:20 UTC time on 30th June 2019. The other factors are as follows:
- Return of Investment: -0.19%
- Market Ranking: @9
- 24 Hour Volume: 26,825,319,504 USD
- Market Cap Value: 3,593,541,459 USD
- Total supply/Circulating Supply: 3,820,057,493 USDT / 3,600,378,341 USDT
- 7 Day high/low: 1.01 USD / 0.970494 USD
Comparing the BTC/USDT data for past 30 days, which is June 2019, the fluctuations have been pretty impressive. The lowest was seen on 6th June with 7468.27 BTCUSDT value. The value was an amazing upsurge on 26th June when the value increased by 86.19% with 13955 BTCUSDT value. However, the next day, 27th June, the value was decreased to 10684.072, which is now increased by 10.4% now.
Tether Prediction and Conclusion:
It seems that Tether might be in Pivot zone, which means it is neither showing Bulls nor showing bears’ trend as of now. The resistance support to trade in the safer zone is calculated between $1.021 and $0.968, respectively. In one year, the long-term earning potential might increase to 0.485% by the end of 2019. Tether coin is, of course, facing a little crunch in terms of its reputation with Bitfinex. This seems to be affecting the credibility of traders towards Tether as well!
Only time will tell if tether will continue to move smoothly or not!