Evaluating The Performance Of Tether (USDT) In A Volatile Market

Tiether (USDT) Voor market performance assessment

The cryptocurrency world has recently suffered wild impulse, prices range rapidly and unpredictably. Among the various cryptocurrencies, Bitcoin (BTC), Ethereum (ETH) and others become significant price fluctuations, so their performance evaluation is required during high volatility.

A cryptocurrency that stands out, among other things, is tied (USDT). One of the most common funds on the market, the USDT has reached huge followers and over 70% of all Bitcoin property is USDT. In this article, we evaluate Tether’s performance (USDT) during high volatility.

Background history and market

Tether Limited is a subsidiary of Bitfinex, a Singapore currency trade. The company was founded in 2014 as a Stablecoin project, with the purpose of providing reliable stock value for Bitcoin. The USDT was launched in September 2014, originally linked to the US dollar value.

Since its inception, the USDT has grown significantly and has become one of the largest cryptocurrencies with market value. It is widely used as a substitute for Fiat and is negotiated worldwide in many on -line markets.

Performance during the volatile market

During high volatility, such as market recessions or speculative intense, rope (USDT) is generally less volatile than bitcoin (BTC). This is due to several factors:

  • Stability

    : USDT is linked to the US dollar, which makes it a more stable property compared to cryptocurrencies that are not supported by fiduciary currency.

  • Liquidity : Tether’s liquidity is much larger than other cryptocurrencies, allowing a reduction in commercial and market fluctuations.

3.

Performance Analysis

Evaluating the Performance of

To evaluate Tether’s performance during high volatility, we analyze your historical data in the last 12 months. Here are some of the main statistics:

* Price Strip : The USDT price range remained relatively stable, with the highest value of $ 7.45 on December 21, 2020 and low at $ 4.44 on January 10, 2021.

* Volate Index (VIX) : VIX, a widely used market volatility measurement, reached the highest level in February 2021, with an index ear. This corresponds to the significant growth of the USDT price range.

* Market Value : Tether’s market value constantly increased last year, from $ 30 billion to January 10, 2020, more than $ 150 billion on December 31, 2021.

Comparison with other cryptocurrencies

To have a context in Tether’s performance, we compare with other cryptocurrencies that showed significant price volatility:

* Bitcoin (BTC) : Bitcoin experienced extreme price variation during high volatility, with a $ 69,000 peak in November 2019 and with its low conquest of $ 3,200 on January 10, 2021.

* Ethereum (ETH) : Ethereum’s price range has been relatively stable compared to battle, but has experienced significant fluctuations in the last year.

Conclusion

In short, Tether (USDT) showed stability and resistance during high volatility. Although its performance is not necessarily as large as some other cryptocurrency currencies, its strong market value and liquidity have made it a popular choice for traders and investors seeking to benefit from prices.

However, as in any cryptocurrency, there is a risk associated with market variations, speculation and regulatory changes that may affect their value.

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