Price Analysis

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.

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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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