$1
Time period | Change amount | % Change |
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1H | $-- | +0.011% |
24H | $-- | +0.057% |
7D | $-- | +0.015% |
30D | $-- | +0.010% |
1Y | $-- | -0.14% |
82.64
Reliability Score
Rank #1
# 487
Percentile
TOP 5%
CEO
CFO
CCO
COO
Tether price today is $1 with a 24-hour trading volume of $21.44 B, and as such Tether has a market cap of $107.27 B, giving it a market dominance of 3.027%. The Tether price moved 0.05700% in the last 24 hours.
Tether reached its highest price on 2018-07-24 when it was trading at its all-time high of $1.32, while its lowest price was recorded on 2015-03-02 when it was trading at its all-time low of $0.5725. The current lowest price since the last cycle high was $0.5725, and the highest price since the last cycle low was $1.32. The social sentiment of Tether is currently Positive.
The current circulating supply of Tether is $107.27 B USDT. In terms of market cap, Tether is currently ranked 4.
There are two schools of thought in determining the price of Tether.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Tether, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Tether from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Tether on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Tether as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Tether and the cryptocurrency market as a whole.
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Analysts at Deutsche Bank also argued Tether’s solvency status is “questionable” which the stablecoin firm said is “ironic” considering the bank’s own history with fines.
Stablecoins like Tether do not offer interest yields right now, but with tokenized fiat, that could be possible one day, co-founder William Quigley said.
The new investment aims to strengthen CityPay.io’s expansion into Eastern Europe, specifically into Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan.
The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information.
The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.
Tether’s Bitcoin investment is paying off, achieving much greater profit than the company’s immense bond portfolio.
Date | Market Cap | Volume | Open | Close |
---|---|---|---|---|
2024-05-10 | $110.94 B | 46.31 B USDT | $0.9999 | N/A |
2024-05-09 | $110.91 B | 46.34 B USDT | $0.9996 | $0.9999 |
2024-05-08 | $110.98 B | 46.32 B USDT | $1 | $0.9996 |
2024-05-07 | $110.97 B | 53.36 B USDT | $1 | $1 |
2024-05-06 | $110.92 B | 35.63 B USDT | $1 | $1 |
2024-05-05 | $110.8 B | 39.44 B USDT | $1 | $1 |
2024-05-04 | $110.83 B | 39.51 B USDT | $1 | $1 |
2024-05-03 | $110.61 B | 53.87 B USDT | $1 | $1 |