Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Bitcoin has always been heralded as the biggest, best, and most popular cryptocurrency seen across the world. It is unsurprising when its market cap is so high, its dominance out performances other by miles, and it has been around the longest.
However, it has emerged that Bitcoin, as a useful currency-like coin, is not the most popular crypticurrency of choice. In fact, Tether, the controversial stable coin tied to the US Dollar seems to be the most popular traded cryptcurrency due to its low volatility.
Bitcoin may be besting most other coins in all metrics, but when it comes to the daily and monthly trading volume it is Tether that comes out on top, besting Bitcoin and showing just what a low volatile cryptucrrency can be used for.
It is probably not to surprising given that Bitcoin has, in the more recent past, been seen as a digital gold, and investible asset, and that spending it could leave investors in a situation where they lose out on potential big gains. Bitcoin has fluctuated by 8- percent in the last two years alone and that would be wasted if spent.
On the other hand, Tether is pegged to the US dollar so one coin is equivilant to one dollar and there is no fluctuating. Thus, the initial inteded purpose of a cryptocurrency can be seen in Tether making it an idea candiate for trading.
A look at the facts and figures on daily trading between Bitcoin and Tether shows that Bitcoin is some 18 percent less traded than the stablecoin month by month. However, while this is surprising given Bitcoin’s popularity, it isalso concerining as Tether is one of the reasons the cryptocurrency space is under such scruitiny.
Tether has a controversial past as for it to be truley pegged to the US dolalr there has to be a 1:1 ratioof actual dollars stored for every Tether. There was controversy about an audit on Tether, and then it emerged that they we wrong in making this claim of a 1:1 ratio. In May this year, Tether finally admitted it was not fully backed by the amout of dollars, essentially meanign it was creating imagionary money.
“If there is no Tether, we lose a massive amount of daily volume -- around $1 billion or more depending on the data source,” said Lex Sokolin, global financial technology co-head at ConsenSys, which offers blockchain technology. “Some of the concerning potential patters of trading in the market may start to fall away.”
In countries like China, where crypto exchanges are banned, people can pay cash over the counter to get Tethers with few questions asked, according to Sokolin. From there, they can trade Tethers for Bitcoin and other cryptocurrencies, he said.
“For many people in Asia, they like the idea that it’s this offshore, opaque thing out of reach of the U.S. government,” said Jeremy Allaire, chief executive officer of Circle, which supports a rival stablecoin called USD Coin. “It’s a feature, not a problem.”
Ethereum a brisé la barrière des 700 dollars. Accompagnant le mouvement haussier du Bitcoin, l’Ether a franchi le 27 décembre...
il y a 3 ans | Nicolas Leroy
Les institutionnels intéressés par l'Ethereum
il y a 3 ans | Nicolas Leroy
PayPal va autoriser ses 346 millions de clients de payer leurs achats et services en bitcoin et cryptos dès l'année prochaine....
il y a 3 ans | Nicolas Leroy
PayPal:un marché potentiel de 346 millions de clients pour lebitcoin
il y a 3 ans | Nicolas Leroy
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TENDANCE
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Prix Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Acheter
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Prix Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Acheter
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Revue du casino JustBit
Le casino JustBit, spécialisé dans les monnaies virtuelles, est facile à utilis...
Verge Revue
Binance Revue
Dogecoin Revue
Revue IOTA
XTB
XTB en bref : Courtier en ligne Actions et dérivés cré...
Etoro
Etoro est devenu depuis sa création en 2007 l’une des plus belle success story du secte...
Coinmama
Coinmama est une plateforme d’achat de Bitcoin qui existe depuis 2013 et qui s’est forgé une sol...
Kraken
Kraken à été fondée à Sans Francisco en 2011. Kraken est l&r...
Coinbase
Coinbase est considéré comme le plus grand courtier au monde avec ses 12 millions d...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction: The Dawn of a New Lifestyl...
Cryptopay.me
Cryptopay est une révolution pour les utilisateurs de Bitcoin. Cette plateforme offre à...
Mycelium
MyCelium est une application pour Mobile qui offre de nombreuses possibilités de sécurité et de conf...
Mobi
A quel support ce wallet est il adapté ? Mobi est un portefeuille bitcoin pour portables. ...
Greenbits
GreenBits est un portefeuille Bitcoin pour Android.Ce portefeuille assure la sécurité, et p...
La Banque ING Direct devient tranquillement un sérieux innovateur en matière de blockchain
La blockchain, la technologie derrière le Bitcoin continue de faire fureur auprès d...
Revue Ethereum
Qu'est-ce que Ethereum?Ethereum est une monnaie numérique qui fonctionne sur une Blockchain, à c...
XTB
XTB permet à ses clients d’investir en Bourse via sa plateforme xStation, plateforme 100%...
Revue Lisk
Qu'est-ce que Lisk?LISK a été créée en 2016.Il s’agit d’une plateforme permettant aux dévelop...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction: The Dawn of a New Lifestyl...
Cryptopay.me
Cryptopay est une révolution pour les utilisateurs de Bitcoin. Cette plateforme offre à...
Mycelium
MyCelium est une application pour Mobile qui offre de nombreuses possibilités de sécurité et de conf...
Mobi
A quel support ce wallet est il adapté ? Mobi est un portefeuille bitcoin pour portables. ...
Greenbits
GreenBits est un portefeuille Bitcoin pour Android.Ce portefeuille assure la sécurité, et p...
COMMENTS (0)