Tether Price Analysis: What Does The Future Hold For USDT?
Tether is a stable coin that exceeds its market capitalization by its trading volume regularly. Tether’s entire supply changes regularly, sometimes more than once a day. This is the main reason Tether is one of the important sources of liquidity in the crypto market. This liquidity is essential for keeping the price stable and facilitates flawless trading.
However, when it comes to predicting Tether, one cannot address the criticisms and concerns going on in recent times. Tether has many issues to deal with. Audits are required to be conducted. A few months back there also was a threat of lack of reserves, but Tether team was confident that they have adequate fiat currency reserve in back up.
Consequences will not be pleasant if the liquidity suddenly evaporates from the market. It will be best to consider all the aspects before investing money in the crypto market.
Current Statistics of Tether Coin:
Right now, on June 17, 2019, at 11:05 UTC, Tether is trading at a price $1 with a price drop of 0.37% due to variations going on in market currently. Price has changed by 0.25% less compared to yesterday’s price. In the last 24 hours, the price went as high as $1.01 whereas the lowest price of trading was $1.00.
Market Cap is $3,481,872,830 with 24h trading volume of $20,517,896,545. Circulating supply of coin is 3,469,093,225 USDT whereas total market supply is 3,720,057,493 USDT.
Currently, Return on Investment is 0.37%, and the currency is ranked 9th. With the risk/reward ratio of 1, USDT is a safe investment in given market condition. 0.85% of positive or negative change is unlikely to happen in overnights period. But we can expect a profitable price rise in the coming future.
Tether Price Prediction:
Crypto market is showing a downward trend from yesterday. But cryptocurrency analysts are predicting positive returns for Tether.
In the last one month, USDT price fluctuated from $0.9877 to $1.03. Overall, price change gives better hope for the future.
According to analysts, Tether price can go up to $1.016 in one year with 1.30% growth in long term earning potential. It also hopes for the 5.69% increased revenue for 5-year investment. This is a good return, given the current scenario.
By the end of June, positive results are expected, and the current performance is agreeable given one month’s data. Future looks bright for the coin in approaching days.
Conclusion:
In essence, with forecasting by various analysts, remaining half of the year 2019 is full of opportunities for USDT traders. Prices of this cryptocurrency are expected to rise. Hence it is better to hold this currency and wait for some time.
