As you all know, this stable coin has the 1:1 ratio regarding its price precisely. Moreover, Tether (USDT) is being backed and supported by Tether’s reserves. Furthermore, the coin possesses the most significant trading volume among all the cryptocurrencies.
The daily trading volume of USDT is over double, even from Bitcoin. The Tether has a daily trading volume of $118 Billion, while the daily trading volume of Bitcoin is almost $50 Billion. This digital asset is supported by the world’s major currencies as well, including USD and Euro.
Notably, the Tether’s price has experienced some slumps and jumps after its launch. Therefore, it would be injustice only to write positive and upward trends of the digital coin.
Tether (USDT) Price Analysis
According to CoinMarketCap, this crypto coin has already witnessed its excellent prices in recent months and ears. The ideal monthly low price was as low as $0.998, whereas the high monthly value was over $1.02.
As mentioned earlier, it is a stable crypto coin; therefore, it has been assigned to remain at the price of around 1 USD to remain stable. That’s why USDT rarely moves away from a value of $1.
USDT Price Prediction for 2022, 2023 and 2024
Since its price is pretty much estimated before and after the rise and fall of other cryptocurrencies. Therefore, investors, especially newcomers, hesitate to invest in this coin. However, this coin is best for trading other cryptocurrencies within the ecosystem.
Below, we’re discussing the price predictions of Tether according to some top-notch Fintechs. But, first, let’s have a look at these predictions.
- As per the forecast from the experts at DigitalCoinPrice, the price of this Tether coin is estimated to retain the price of $1.01 in 2021. Moreover, the same price will remain until 2028. Isn’t this interesting??
- In contrast, TradingBeasts, yet another fintech firm, has forecasted that, on average, the price of one USDT will be $1.2772336 at the end of 2021, whereas the price could be 1.0856717 at the end of 2022. Furthermore, the fintech experts predicted that the price of Tether will be somewhere between $1.0854695 to $1.0849292 for the end of 2023 and 2024.
- Interestingly, WalletInvestor, an expert site in the niche of cryptocurrency, has predicted only the one-year price of Tether. According to the site, the price of one USDT will be equal to $1 at the end of 2022. However, as mentioned, the website has made no predictions for this coin in other future years.
All the above predictions are just predictions. Don’t take these as a piece of advice of investment. Moreover, not all predictions can be 100 percent accurate.