Evaluating Tether’s performance (USDT) in an unstable market
The cryptocurrency world has recently suffered a wild journey, and prices are floating quickly and unpredictably. Of the various cryptocurrencies, Bitcoin (BTC), Etheruum (ETH) and others become significant exchange rates, which is essential for their performance during high volatility.
One of the cryptocurrencies that stand out, among other things, is tied (USDT). As one of the most widely marketed devices on the market, USDT has received a large follow -up, with over 70% of all parts of the USDT Bitcoin. In this article, we evaluate rope performance (USDT) during high volatility.
Background history and market
Tether Limited is a subsidiary of the Singapore Cryptocurrency Trade Platform. The company was founded in 2014 as a Stablecoin project, designed to ensure Bitcoin’s reliable sales tool. The USDT was launched in September 2014, initially fixed in the US dollar.
Since the beginning of the USDT, it has experienced significant growth and has become one of the largest market capitalization cryptocurrencies. It is widely used as a fiduciary vision and trade in many on -line stock exchanges worldwide.
Power in unstable markets
During high volatility, such as market relapses or speculative enthusiasm, Tether (USDT) is generally less volatile than Bitcoin (BTC). This is attributed to many factors:
- Stability : USDT is linked to the US dollar, so a more stable device compared to the cryptocurrencies that the Fiat currency cannot stand.
- Liquidity : Tether’s liquidity is much larger than other cryptocurrencies, allowing trade and reducing market fluctuations.
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Power -Alalysis
To evaluate Tether’s performance during high volatility, we analyze your historical data in the last 12 months. Here are some important statistics:
* Damage Strip : The USDT price range remained relatively stable on December 21, 2020, with the largest $ 7.45 and $ 4.44 on January 10, 2021.
* The Volatility Index (VIX) : A widely used standard for VIX, market volatility reached its highest level in February 2021 with 80 index values. This corresponds to a significant increase in the USDT price range.
* Market Capitalization : Tether’s market capitalization continued to grow last year, from $ 30 billion on January 10, 2020, 2021, December 31, to over $ 150 billion.
Comparison with other cryptocurrencies
To put Tether’s performance in a context, we compare it with other cryptocurrencies that showed significant price fluctuations:
* Bitcoin (BTC)
: Bitcoin experienced a more extreme price rate during high volatility, highlighted in November 2019 to $ 69,000 and $ 3,200 on January 10, 2021.
* Ethereum (ETH) : Ethereum’s price range was relatively stable compared to the rope, but last year experienced significant fluctuations.
Conclusion
In short: Tether (USDT) showed stability and resistance during high volatility. Although its performance cannot be as spectacular as other cryptocurrencies, its strong market capitalization and liquidity have become a popular choice for traders and investors in price movements.
At the same time, as in all cryptocurrencies, Tethert is subject to risks related to market fluctuations, speculation and regulatory change, which can affect its value.
