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« on: October 19, 2020, 11:41:08 AM »
Tether had launched another coin called Tether gold with the partnership of bitfinex and its price depends on gold. It has been said that Tether gold is another stable coin in the market but the current price is $1,899.88 with the ATH record of $2,040.37, with 3,990 total supply and the rank market is at 4049 in coinmarketcap.
Maybe the reason why it is another stable coin is because its price is depend on gold which is one coin is equal to one troy fine ounce of physical gold. But the current price of gold is 1,912.30 which a little bit higher than Tether gold.
Do you think tether gold can keep itself to ride with the price of gold if in the first place the price is a little bit left behind. Because for me tether gold is just a perfect illustration that cryptocurrency is still struggling to gain the support of top big investors in world no wonder tether's future is unsure.
What do you think guys?