Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => USDT Forum => Topic started by: Lutera94 on February 20, 2021, 03:15:05 AM
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First BNB & now polkadot beat tether by market rank. Usdt now officially going to down number 5. Actually its predicted that USDT will be down & finally its happen. So what Are your opinion about this?
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First BNB & now polkadot beat tether by market rank. Usdt now officially going to down number 5. Actually its predicted that USDT will be down & finally its happen. So what Are your opinion about this?
Yes you're right, BNB has overtaken for number #3 , polkadot number #4 and cardano number #5. It is good for top 5 coin competition. Tether USDT is number #6. I hope We will see the best competition at there.
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From the cryptocurrency market we see that Usdt has come to the 4th position. Bitcoin is in the number one position, Etherium is in the number two position, Binance Coin is in the number 3 position and usdt tether is in the fourth position.
(https://i.imgur.com/jUrqkYU.jpg)
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From the cryptocurrency market we see that Usdt has come to the 4th position. Bitcoin is in the number one position, Etherium is in the number two position, Binance Coin is in the number 3 position and usdt tether is in the fourth position.
It's gain upto 3rd position because of the current correction as USDT price is fixed and marketcap of USDT is increased when more USDT is minted into circulating supply. On the other hand, price of DOT is decreasing and total marketcap is going down because of that correction. If market recovers, DOT might be surpassed USDT again.
Also, you can use the below format for the attached picture to resize according to your preference as it'll be more suitable than the biggest one. ;D
[img height=250]https://i.imgur.com/jUrqkYU.jpg[/img]
For height and width:
[img height=450 width=250]https://i.imgur.com/jUrqkYU.jpg[/img]
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I use usdt in most transactions. Stable coins are important for transactions in the cryptocurrency market. Nowadays it has gained a lot of popularity. Probably a few days ago kyc had trouble. But now it has been completed successfully. The market will survive for a long period of time. Bitcoin will continue to be traded as well as stable coins.
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In my opinion, Tether's abdication to rank 5 is natural because cryptocurrency always goes up and down, it is difficult to control.
The reason Polkadot or BNB rose is also because this coin is unstable which makes its market cap surpass the Stable Tether coin.
Maybe when the Bearish Tether can come back up close to the Bitcoin market cap because the stable coin increases and decreases unstable.
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I believe that in the current situation there is nothing surprising, because when the prices of rated cryptocurrencies increased, users began to sell for USDT, thereby fixing their profits. And as soon as the same cryptocurrency dropped to its lowest level, these same users started buying again at low prices. Thus, throughout this period, the capitalization of USDT rose and fell, giving the opportunity for other cryptocurrencies to rise in the ranking.
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Absolutely Right Your Prediction I Think. Before Some days usdt Position was 3rd on Coinmarketcap. But now 5th. Rising Star BNB take place there. Now BNB 3rd Position on Coinmarketcap and Others Cryptocurrency Market. I think usdt can take his Previous Place Again.
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I think usdt can take his Previous Place Again.
If there is a major possibility to get a huge correction into the current market and binance as well as ripple dump a lot , than USDT might be back to its position as market cap of both binance and ripple is having almost 2x than USDT. So, lets wait for bear market to see USDT into its previous position, IMHO.