Is Tether a Good Investment?

tl;drLaunched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether has made headway by allowing customers to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. Over the period of the last six months, Tether has always been one of the top 10 cryptocurrencies in terms of market capitalization with more than $70 billion value. Our data shows that Tether's Twitter account saw an increase of 74% in the number of followers during the last six months. However, the figure for its Reddit subscribers stayed constant over the same period.
Is Tether a Good Investment?
Is Tether a Good Investment?
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Introduction

Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by allowing customers to transact with traditional currencies across the blockchain without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratized cross-border transactions across the blockchain. We are investors, so let's see how it performed financially in the past!

Financial Analysis

Over the period of the last six months, Tether has always been one of the top 10 cryptocurrencies in terms of market capitalization with more than $70 billion value. However, its price did not have a steady trend and fluctuated around $1. Tether's liquidity score is more than double the market's average score (105% liquidity score), which means that it is more popular, traded with more people, and it is easier to sell your coins if the market is falling. You can see our complete report here.

Tether Popularity

A great capable marketing team and brand awareness have a direct impact on the success of any project. Our data shows that Tether's Twitter account saw an increase of 74% in the number of followers during the last six months. However, the figure for its Reddit subscribers stayed constant over the same period. For more details about Tether's popularity in social media, please look at our report here.

Is Tether the Best investment Option in 2021?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.

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