Slowly acumulating with our $USDT position. Looks like weak hands are selling and whales are buying.
Tether (USDT), is a stablecoin developed by Tether Limited that has become a significant player in the cryptocurrency field. It provides a stable transactional medium and introduces the concept of stablecoin, which is crucial in a highly volatile market. The project was launched in 2012 and gained prominence in 2015 via Bitfinex. Today, Tether offers several stablecoins, each pegged to different assets.
Maintaining Value and Stability
USDT, often referred to as the digital dollar, aims to maintain a value equivalent to $1.00 USD, asserting that a dollar backs each token in Tether Limited's reserves. The Transparency page of Tether provides insights into the USDT tokens in circulation versus its total reserves, asserting a 1-to-1 pegging with the corresponding fiat currency.
Risk Factors and Considerations
When investing in Tether, it's important to be aware of the potential risks involved. These may include the lack of independent audits, potential delays in redemption and withdrawal, regulatory scrutiny, and market volatility. There is also a possibility that USDT could become de-pegged from its underlying asset, the US dollar, which could impact its value and stability.
The fastest, most convenient way to purchase Tether is to purchase it on ICONOMI. We check Tether live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Tether by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Tether is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Tether, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Tether in their structure.
Here you can read and comment on all posts made by Strategists about Tether USDT. See all Tether price predictions in real time and make the best use of their crypto knowledge.
Slowly acumulating with our $USDT position. Looks like weak hands are selling and whales are buying.
Rebalancing and added some new coins:
$BTC 35.10%
$ETH 7.37%
$USDT 6.6%
$RUNE 6.53%
$INJ 6.11%
$SOL 5.79%
$LINK 4.09%
$SEI 2.45%
$OSMO 2.39%
$ICP 2.34%
$AVAX 2.2%
$ATOM 2.02%
$STORJ 2%
$RLC 2%
$NEAR 1.71%
$RNDR 1.25%
$ROSE 1.21%
$IMX 1.18%
$FTM 1.14%
$TIA 1.06%
$FET 1%
$OP 0.94%
$DOT 0.92%
$AR 0.9%
$ARB 0.88%
$MATIC 0.82%
Very happy to see $INJ and $RUNE starting to outperform again after we sold our $OP at a great profit and reinvested the proceeds in mainly $INJ and $RUNE. They both seem ready to break out to new highs.
$SOL is slowly grinding higher as well. Its increased market cap makes it harder for $SOL to run fast and furious, but $SOL will continue to be the main $ETH competitor for this bullmarket, a clear winner and a clear outperformer of $ETH and $BTC.
We are happy to see $BTC moving sideways slightly below its ATH. It looks like it is building momentum for a real break through to the 75k level. We prefer this scenario over a way too bullish continuation of the upward momentum because that would create an unhealthy parabolic chart for $BTC . It might sound strange, but the longer we consolidate now, the better for our long term returns in this bullmarket.
We will lower the risk profile in our strategy when we go higher, but we consider it still too early to take profits. We might even increase our alt-allocation if alts starts to outperform $BTC. At the same time, we might take some $BTC profits to $USDT as well, once we assume the risk- reward in $BTC becomes increasingly skewed to the downside. We would look at these $USDT profits as a part of our $BTC position in cash.
Great days ahead for crypto. The rocket is launched and it is unstoppable for now. There won't be many sellers left below 100k usd.
🚀🚀🚀