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 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.