Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => USDT Forum => Topic started by: sirty143 on July 29, 2020, 06:58:42 AM

Title: Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K
Post by: sirty143 on July 29, 2020, 06:58:42 AM
Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K

(https://i.imgur.com/lbxz5Pjl.jpg)

Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. See more for yourself here (https://cointelegraph.com/news/tether-exchange-inflow-reached-8-month-high-as-bitcoin-rallied-to-11k).

Your opinion is greatly appreciated.
Title: Re: Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K
Post by: aiviaa485 on August 14, 2020, 11:29:50 PM
The reason is easy and I will formulate it a little:

If Bitcoin increases in price, the early investors will automatically need Tether to buy Bitcoin.
If Tether is needed then it is certain that Tether's circulation will increase and a new Tether is created to buy bitoin that is rising, is that simple?
Title: Re: Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K
Post by: kent47400 on October 15, 2020, 05:09:44 PM
Tether is indeed an extraordinary coin and continues to grow so easily in the midst of the emerging altcoins market.
Tether is now in the top 5 Coinmarketcap and that's for sure Tether has a very strong financial ammunition power. Tether is also more valuable when compared to newborn altcoins constantly sinking.
Title: Re: Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K
Post by: IyemRoker on November 20, 2020, 05:07:45 AM
Quote from: aiviaa485 on August 14, 2020, 11:29:50 PM
-
Very simple and easy to understand just like you are replying to this thread.

Tether has increased trading volume and Bitcoin has increased in price and volume.
Tether cannot just go up and down in price because Tether is a stable coin and Tether can only be seen up its chart from 24-hour trading volume.
Title: Re: Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K
Post by: cryptopediabd on November 21, 2020, 07:07:10 PM
Tether in the top 3 coingecko. By leveraging Blockchain technology, Tether allows you to store, send and receive digital tokens pegged to dollars, euros, and offshore Chinese yuan person-to-person, globally, instantly, and securely for a fraction of the cost of any alternative. Ths is why usdt price & volume matters.
Title: Re: Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K
Post by: jonathancool220 on February 16, 2021, 10:53:56 AM
Indeed, stable coins are very much needed by all traders and investors around the world because this is very convincing for ourselves to have stable fund resilience in cryptocurrency.
There are so many traders, investors who have the character, nature and instincts that cannot be avoided from confusion because their assets continue to fluctuate and it is difficult to rise again, so they sell their altcoins even though they are at a loss or cheap.