Tether Price Analysis: Tether (USDT) Records 1% Downtrend Since Yesterday Trading Below $1

It has been a good phase for the Tether holders as the coin continues with its consistent performance. The current market trends also indicate USDT’s movement within a defined range of $0.98 and $1, and it shows that the coin may anytime go profitable by jumping up the maximum value.

Current Statistics of Tether:

  • USDT price is noted to be $0.99 and 0.00009901 BTC
  • The market cap is now $4,021,213,229
  • The 24 h volume has reached $21,152,462,581
  • ROI of the coin stands at -0.61%
  • The circulating supply has been 4,043,907,382 USDT

The lowest recorded price of Tether yesterday was $0.98, and the coin has recovered from that as of now. It is moving in the upward direction and may cross $1 target today.

USDT to USD Price Comparison:

USDT Price Prediction
USDT Price Chart by TradingView

USDT has recorded a downtrend of over 1% in the last one day slipping from $1.00 to its current value at $0.99 as of August 22, 2019, at 01:43:17 UTC. Tether price started slipping from the beginning of the day and moved to $0.9968 within a few hours yesterday. It has moved up slightly since then but not been able to cross $1 again as yet.

USDT Price Prediction & Conclusion:

The highest recorded price of USDT in the last 90-days was $1.03, and the coin is moving extremely slowly to record any amount of surge. But the good thing is that it is hovering around $0.99 or going as low as $0.97 at max in the last 90-days which reflects consistency in the performance of the coin. Tether price may surge up to $1 soon.

This is the best time to plan bulk investments in the Tether and save for future benefits. The coin may turn into profitable one any time in the upcoming weeks.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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