Tether market cap sets new all-time high Tradecurve sells million of tokens, another price surge upcoming
Tether’s USDT stablecoin surpassed its previous peak level of $83.355 billion in May of 2022, based on data from CoinGecko The stablecoin issuer’s supply has spiked significantly on top of the TRON blockchain as market makers began reporting that they favor it for the high speed and low fees associated with transferring cryptocurrencies. On the other hand a new upcoming decentralized exchange named Tradecurve is making waves as it already sold millions of tokens and is expecting another price surge.
Summary:
- USDT now has a 64% share out of the total market capitalization of $130.2 billion.
- Tether now has a valuation of $36.5 billion, and weights in at 7.5% of the total cryptocurrency market capitalization.
- Tradecurve sells millions of TCRV tokens and expects another surge in its value.
Tether’s Market Cap Reaches a New All-Time High
Tether’s market capitalization set a new all-time high point at $83.6 billion. This makes it the third largest crypto when looked at from the perspective of its market capitalization.
“As a consequence of the recent banking crisis in the U.S., users are transitioning from less secure and liquid stablecoins to Tether USDT,” a Tether spokesperson said.
Another stablecoin known as USDC, which was issued by Circle, suffered earlier throughout 2023 after it revealed that it held a $3.3 billion stake in the now-defunct Silicon Valley Bank, resulting in the stablecoin losing its peg to the U.S. dollar for a few days.
Data from CoinMetric showcases a severe downturn of USDC’s supply ever since March, as its market capitalization dipped from $50 billion to $28.8 billion. Tether Limited, on the other hand, issued the USDT token on 13 different blockchains, including Ethereum, TRON, Solana, Avalanche, and Omni.
USDT’s supply saw a spike due to the TRON blockchain’s activity. Analysts have also suggested that market makers on centralized exchanges on Binance or OKX prefer TRON over Ethereum because of the cheaper yet quicker transactions.
Tradecurve Sells Millions of Tokens and Analysts Predict a Massive Surge
Tradecurve, the upcoming hybrid exchange platform that combines derivatives and crypto trading, experienced a notable price surge of 50%. This surge is attributed to numerous factors, such as the innovative way in which it enables investors exposure to different markets without the need to complete KYC.
Traders on a global scale can access the platform and trade all derivatives from a single account, where they can open one just by using their email, connecting their crypto wallet, and making a deposit.
This let’s users remain fully anonymous and fully in control over their cryptocurrencies. As more individuals than ever before are becoming a lot more concerned about their privacy. Tradecurve was built on top of Ethereum and will have drastically lower trading fees than its counterparts and will eliminate all third-party intermediaries.
TCRV is the utility token behind the platform and is currently undergoing Stage 3 of the presale, One TCRV token costs just $0.015. However, this price will increase soon due to the high demand. As of June 8, 2023, 42,056,904 TCRV tokens have been sold, and at the next stage, the value will climb 20%, with analysts predicting a 100x jump in value at launch.
Learn more about TCRV below:
Tether’s USDT stablecoin surpassed its previous peak level of $83.355 billion in May of 2022, based on data from CoinGecko The stablecoin issuer’s supply has spiked significantly on top of the TRON blockchain as market makers began reporting that they favor it for the high speed and low fees associated with transferring cryptocurrencies. On the other hand a new upcoming decentralized exchange named Tradecurve is making waves as it already sold millions of tokens and is expecting another price surge.
Summary:
- USDT now has a 64% share out of the total market capitalization of $130.2 billion.
- Tether now has a valuation of $36.5 billion, and weights in at 7.5% of the total cryptocurrency market capitalization.
- Tradecurve sells millions of TCRV tokens and expects another surge in its value.
Tether’s Market Cap Reaches a New All-Time High
Tether’s market capitalization set a new all-time high point at $83.6 billion. This makes it the third largest crypto when looked at from the perspective of its market capitalization.
“As a consequence of the recent banking crisis in the U.S., users are transitioning from less secure and liquid stablecoins to Tether USDT,” a Tether spokesperson said.
Another stablecoin known as USDC, which was issued by Circle, suffered earlier throughout 2023 after it revealed that it held a $3.3 billion stake in the now-defunct Silicon Valley Bank, resulting in the stablecoin losing its peg to the U.S. dollar for a few days.
Data from CoinMetric showcases a severe downturn of USDC’s supply ever since March, as its market capitalization dipped from $50 billion to $28.8 billion. Tether Limited, on the other hand, issued the USDT token on 13 different blockchains, including Ethereum, TRON, Solana, Avalanche, and Omni.
USDT’s supply saw a spike due to the TRON blockchain’s activity. Analysts have also suggested that market makers on centralized exchanges on Binance or OKX prefer TRON over Ethereum because of the cheaper yet quicker transactions.
Tradecurve Sells Millions of Tokens and Analysts Predict a Massive Surge
Tradecurve, the upcoming hybrid exchange platform that combines derivatives and crypto trading, experienced a notable price surge of 50%. This surge is attributed to numerous factors, such as the innovative way in which it enables investors exposure to different markets without the need to complete KYC.
Traders on a global scale can access the platform and trade all derivatives from a single account, where they can open one just by using their email, connecting their crypto wallet, and making a deposit.
This let’s users remain fully anonymous and fully in control over their cryptocurrencies. As more individuals than ever before are becoming a lot more concerned about their privacy. Tradecurve was built on top of Ethereum and will have drastically lower trading fees than its counterparts and will eliminate all third-party intermediaries.
TCRV is the utility token behind the platform and is currently undergoing Stage 3 of the presale, One TCRV token costs just $0.015. However, this price will increase soon due to the high demand. As of June 8, 2023, 42,056,904 TCRV tokens have been sold, and at the next stage, the value will climb 20%, with analysts predicting a 100x jump in value at launch.
Learn more about TCRV below:
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