Table of Contents:
- Coin prognosis
- What is Tether coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
Our data is bearish on Tether Possible downside
Over the past few weeks, Tether's price has performed poorly in relation to the market. This poor performance is reflected in it's daily price movements which heavily influences our ranking algorithms. Buying USDT at this time may lead to loss of capital. However, if you believe this is a good project, take a look at our Fundamental analysis and do a detailed due diligence, then accumulate a long-term position.
What is Tether? Fundamental Analysis
USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by traditional currency and cash equivalents held in the reserves of the Tether Limited and can be redeemed for 1 USD through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency.USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process according to its whitepaper.In the Tether Proof of Reserves system, the amount of USDT in circulations can be easily checked on the Bitcoin blockchain via the tools provided at Omnichest.info, while the corresponding total amount of USD held reserves is proved by publishing the bank balance and undergoing periodic audits by professionals (not publicly auditable yet).
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Apr 15, 2021 | $1.0010 | Neutral |
| May, 2021 | $ 1.0007 USD | Downside |
| June, 2021 | $ 1.0017 USD | Upside |
| July, 2021 | $ 1.0007 USD | Downside |
| October, 2021 | $ 1.0007 USD | Downside |
| April, 2022 | $ 0.9997 USD | Downside |
USDT Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| Will Tether rise today? | Our data indicates Tether will rise today. It's already higher than it's opening price. That's a great sign |
| What will be the highest price of Tether (USDT) in future? | Our analysis shows Tether is already past it's immediate all time high, indicating a bearish signal! |
| Will Tether (USDT) price increase in future? | No. Our algorithms indicate that Tether (USDT) will experience a significant decline in future. As low as $0.9997/USDT |
| Will an Investment in Tether (USDT) be profitable or make a loss? | Probably Loss making. |
| What will be the lowest price of Tether (USDT) in future? | $0.9997 USD |
| Will the price of Tether (USDT) move downward in future? | Down only |
| At the end of the year, what will be the price of 1 Tether? | Our analysis shows an end of year prognosis of 1USDT = $0.9997 USD. |
| Where do I buy Tether? | We have curated some great options. Buy USDT coin here → |
Historical Price Data (USD)
Pay close attention to daily volume fluctuations. Poor volume like USDT has is a good indication of bearishness in the short term.
| Date | Price | Volume |
|---|---|---|
| April 9, 2021 | $1 | $71,057,098 |
| April 8, 2021 | $0.9999 | $25,462 |
| April 7, 2021 | $1 | $50,342 |
| April 6, 2021 | $1 | $26,317 |
| April 5, 2021 | $1 | $24,696 |
| April 4, 2021 | $1 | $19,010 |
| April 3, 2021 | $1 | $25,110 |
| April 2, 2021 | $1 | $29,761 |
| April 1, 2021 | $1.001 | $28,030 |
| March 31, 2021 | $1.001 | $46,530 |
| March 30, 2021 | $1 | $35,336 |
| March 29, 2021 | $1 | $51,546 |
| March 28, 2021 | $1 | $24,148 |
| March 27, 2021 | $1.001 | $27,403 |
| March 26, 2021 | $1.001 | $46,192 |
| March 25, 2021 | $1 | $69,822 |
| March 24, 2021 | $1 | $62,594 |
| March 23, 2021 | $1 | $44,782 |
| March 22, 2021 | $1 | $51,115 |
| March 21, 2021 | $0.9998 | $34,253 |
| March 20, 2021 | $1 | $28,690 |
| March 19, 2021 | $0.9999 | $41,198 |
| March 18, 2021 | $1 | $54,282 |
| March 17, 2021 | $1 | $62,045 |
| March 16, 2021 | $1.001 | $62,568 |
| March 15, 2021 | $1 | $75,204 |
| March 14, 2021 | $1 | $34,891 |
| March 13, 2021 | $1 | $57,865 |
| March 12, 2021 | $1 | $54,296 |
| March 11, 2021 | $1.001 | $59,228 |
