A new analysis of the cryptocurrency market revealed Tether’s low volatility compared to other major digital tokens. The report found the stablecoin’s price changes remain subdued due to its pegging to fiat currencies like the US dollar.
With a volatility rank in the bottom 1% of cryptocurrencies, Tether exhibited steady prices and resilience to manipulation. This contrasts with the notorious swings seen across the crypto market, especially in unpegged coins.
Tether’s minimal volatility matches its low-risk profile, per the analysis. Current prices around $1 are nearing resistance levels, indicating potential selling pressures ahead if Tether becomes overextended.
As a stablecoin, Tether is designed to experience less volatility than cryptos like Bitcoin and Ethereum. Its token exists on blockchains like Ethereum’s while maintaining a value pegged to underlying assets. This latest analysis affirms Tether’s success in remaining low volatility amidst the crypto market’s wild undulations.
