Tether (USDT) - A Comprehensive Analysis of the Current State

 

Tether (USDT), a prominent stablecoin in the cryptocurrency market, is renowned for maintaining a value pegged to the US Dollar, providing stability and liquidity to traders and investors. Examining the latest data, we gain insights into Tether's current state and trends.

Price Overview:

Tether is currently priced at $1.0004, exhibiting a slight 24-hour increase of 0.0021%. The stablecoin has demonstrated steady growth over shorter periods, with a 7-day change of 0.0722% and a 1-hour change of 0.0079%. Despite these relatively modest fluctuations, Tether's stability around the $1.00 mark remains a key characteristic.

Market Metrics:

Tether boasts a market cap of $96.38 billion, reinforcing its significant presence in the cryptocurrency market. The 24-hour market cap change is 0.1273%, showcasing the coin's resilience. The fully diluted market cap stands at $99.64 billion, with a negligible change in the last 24 hours.

The circulating supply of Tether is approximately 96.34 billion USDT out of a total supply of 99.60 billion USDT, positioning it as a major player in the crypto space. Tether's market cap dominance is calculated at 5.34%, securing its position as the third-largest cryptocurrency.

Historical Price Data:

Tether has experienced both highs and lows throughout its history. The all-time low of $0.5683, recorded on March 2, 2015, represents an impressive 76.03% increase from its lowest point. Conversely, the all-time high of $1.2155, reached on February 25, 2015, reflects a 17.70% decrease.

Over the past 52 weeks, Tether has ranged from $0.9958 to $1.0296, emphasizing its ability to maintain stability even in volatile market conditions.

Price Ranges and Yesterday's Performance:

In the last 24 hours, Tether experienced a price range between $0.9999 and $1.0009, while the 7-day, 30-day, and 90-day ranges show consistent stability around the $1.00 mark. Yesterday's performance, marked by a price change of -0.0200%, saw Tether's price fluctuate between $1.0001 and $1.0009, with a trading volume of $28.75 billion.

Key Metrics and Observations:

• Return on Investment (ROI): Tether's ROI is 0.0403%, indicating a modest return for investors.
• Year-to-Date (YTD) Price Change: The YTD change is +0.0035%, showcasing Tether's ability to maintain its value over time.

Tether's stability and consistent performance make it a preferred choice for traders seeking a reliable pegged asset within the volatile crypto market. With a market rank of 3, Tether continues to demonstrate its resilience and utility in the broader cryptocurrency landscape.

Live Data Source:

For real-time updates on Tether's performance, you can refer to MihanSignal for the latest market data.

In conclusion, Tether's ability to maintain stability, coupled with its significant market presence, solidifies its role as a crucial component in the cryptocurrency ecosystem. Investors and enthusiasts can track Tether's live data on MihanSignal for the most up-to-date information on its performance.