If you had told me in 2012 that Tether would be worth more than a dollar one day, I would have told you that you were crazy. However, here we are in 2022, and Tether is trading at, well, right at the $1.00 mark So what’s the future for Tether? In this blog post, I’ll make a Tether price prediction for the years 2022-2040. Buckle up. It’s going to be a wild ride!
Why do price predictions on a coin that’s supposed to trade stable at a one-dollar mark? Because people are still interested in Tether, that’s why. The reason is that Tether provides a way to trade on the volatility of other cryptocurrencies without holding any of those risky assets. In other words, it’s like insurance against crypto market crashes… and we all know that the crypto markets are pretty darn volatile!
Tether Overview
What is Tether? Tether is a so-called “stablecoin” created in 2014 by J.R. Willett, the man credited with inventing the ICO (initial coin offering). The idea behind Tether was to create a digital currency that would be pegged to the US dollar, thereby providing a way to trade cryptocurrencies without having to deal with the volatility of the crypto markets.
Tether is issued on the Bitcoin blockchain via the Omni Layer Protocol and is backed by real US dollars that are held in reserve. Tether Ltd, the company behind Tether, claims that each USDT token is backed by one US dollar, but there has been no independent audit to verify this claim.
Tether is the 3rd largest cryptocurrency by market capitalization, with a market cap of $69 billion as of July 2022. USDT is the most traded cryptocurrency, with a daily trading volume of $40 billion. Tether is available on major cryptocurrency exchanges, including Binance, Kraken, and TRASTRA.
Tether (USDT) Price History
Tether was launched in 2014 for $0.01. The price remained relatively stable until 2017 when it began to rise along with the rest of the cryptocurrency market. USDT reached an all-time high price of $1.21 in January 2018 before crashing to $0.30 in December 2018, along with the rest of the crypto markets. Since then, the price of Tether has been slowly creeping back up and is currently trading at $1.00.
USDT price prediction by Experts
When it comes to making price predictions for Tether, the experts are all over the map. Some say that USDT will never be worth more than $1.00, while others predict that it will reach prices as high as $10.00 or even $100.00 in the next few years.
A lot of the difference in opinion on Tether’s future price is because no one really knows how Tether is being used. Is it being used to prop up the price of Bitcoin during market crashes? Is it being used to launder money? No one knows for sure, and this lack of transparency is a big reason why some people are bullish on Tether while others are bearish.
Here are a few expert opinions on Tether’s future price:
“Tether will never be worth more than $1.00 because it is backed by US dollars which can be redeemed at any time.” – Roger Ver
“Tether could reach prices as high as $10.00 or even $100.00 in the next few years as more people use it to trade cryptocurrencies.” – Andreas M. Antonopoulos
“Tether is being used to prop up the price of Bitcoin during market crashes.” – Tim Draper
Tether price prediction for the rest of 2022
In 2022, I predict that Tether will continue to trade around the $1.00 mark. There might be some ups and downs, but overall the price will stay relatively stable. This stability will attract more investors and users to Tether, leading to increased adoption of the coin. To elaborate, I predict that the number of Tether wallets will increase from 1 million in 2020 to 10 million by 2025.
By 2027, I predict that Tether will be worth $10.00. This price increase will be driven by increased cryptocurrency and blockchain technology adoption. More and more people will want to use Tether as a stablecoin, as it will be seen as a more reliable alternative to other cryptocurrencies. This price increase will also be driven by the increasing use of Tether for international trade and transactions.
Tether price prediction for the rest of 2025
OK, so I got carried away in the previous section. Let’s go back a little bit. By 2025, I predict that Tether will be one of the top 10 cryptocurrencies by market cap. This will be due to increased adoption and use of the coin and continued price stability. The reason is that Tether provides a way to trade on the volatility of other cryptocurrencies without holding any of those risky assets. !
Tether price prediction for the rest of 2030
By 2030, I predict that Tether will be one of the top 5 cryptocurrencies by market cap. This will be due to continued price stability and increased adoption and use of the coin.
Tether price prediction for the rest of 2040
And finally, by 2040, I predict that Tether will be the number one cryptocurrency by market cap. This will be due to continued price stability and increased adoption and use of the coin. So there you have it! These are my predictions for the future of Tether. Do you agree with me? Let me know in the comments below! Thanks for reading!
FAQ
Is Tether a good investment?
Tether is a good investment if you are looking for a stablecoin that you can use to trade on the volatility of other cryptocurrencies. However, because Tether is not transparent about how it is backed, there is some risk involved in holding the coin.
What is the price of Tether?
The price of Tether is $1.00.
What is the market cap of Tether?
At the time of writing (July 29th, 2022), the market cap of Tether is $65,949,687,735
What is the circulating supply of Tether?
The circulating supply of Tether is 65,933,977,708 USDT.
