Tether USDT News Today – Tether USDT Trading Volume Surges As It Ranks in 4th Place in CoinMarketCap – May 14th, 2020

  • Tether USDT Overtakes Bitcoin Cash BCH On CoinMarketCap As Volume Surges Against the USD
  • Tether USDT is in Green Just Like Bitcoin BTC and Many Other Tokens on CoinMarketCap 

Tether USDT News – Tether USDT was the first stablecoin in the world and it reigned alone for a long time. As time passed, however, more stablecoins were created to compete with Tether USDT. Despite all the new stablecoins and the sandals surrounding Tether USDT, 2020 has been a blast for the token. Yesterday, the Tether USDT token skyrocketed taking the 4th place on CoinMarketCap as its total market capitalization increased. Tether USDT is now just before XRP. With the rate at which the token is rising, there is a strong chance that it will overtake Ripple XRP per market capitalization soon.

Tether USDT Price Prediction – Tether USDT to Overtake Ripple XRP if Market Capitalization Continues to Surge

Yesterday, the total volume of USDT trades surged above 2.482 million levels. At the time of writing, the token was still maintaining its US dollar peg but the trading volume was $65,609,234,557 and the market capitalization was $8,809,808,549. Since the beginning of the year, the volatility of Tether USDT has been far less than the volatility of the XRP token. This is why the downside risk for the token has been minimal when compared to XRP. Ethereum, on the other hand, has always had a superior market capitalization and trading volume compared to Tether USDT. However, Tether is soaring at such a pace that taking over ETH as the second-largest cryptocurrency per market capitalization may be possible.

Tether (USDT) Price Today – USDT / USD

NamePrice
bitcoin
Bitcoin
$10,709.88
tether
Tether
$0.998

The market capitalization for Tether USDT has been surging since the 12th of March and it is still moving up. The latest Bitcoin bull run has also contributed to the rise in the market capitalization of Tether and other cryptocurrencies. However, it is important to note that the volume of Tether is rising irrespective of the price action of Bitcoin. This is why Tether recorded gains on March 12th when Bitcoin recorded significant losses. Since it is a stablecoin, it is protected from unpredictable volatility which is common in the cryptocurrency market.

Bitcoin BTC is currently on the rise. It is trading at $9,570.89. It is up by 6.00% against the USD. The trading volume over a 24 hour period is $55,899,512,166 and the market capitalization is $175,885,481,199. If the bulls maintain the momentum, Bitcoin will test $10,000 short-term. The Bitcoin BTC token is dragging the rest of the cryptocurrency along in its price surge. Almost every top cryptocurrency is trading in green against the USD.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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