When people think of Cryptocurrency, immediately, bitcoin comes to mind. Many people use it as a starting point when referencing cryptocurrency prices. In fact, many other stable cryptocurrencies, seem to follow its trend. But maybe not for long. Tethercoin (Tether) seems to be taking a stance. Tether is a controversial cryptocurrency that issues tokens by Tether limited. Tethercoin is considered a stablecoin because it was always designed to be worth $1.00
As of late, there has been some pretty heavy indications that prove bitcoin and tether are growing at a similar pace with little signs of this trend stopping. Both crypto’s reached a new low in the summer of 2018 and since then, have been on a slow but steady increase.
Today, some experts believe Tether may even be foreshadowing the value of bitcoin. For instance, when Tether rose in May of 2019, bitcoin experienced an incredible comeback from 3-14,000. And today, Tether stablecoin is seeing a huge increase in market cap.
What do you think? Is Tethercoin a reliable predictor for bitcoin’s future?
Good Luck 🙂