Tether (USDT) is a popular stablecoin which is issued by Tether Limited. It is called stablecoin because of its value same as US $1 and it should provide stable price at all the point of time. It means that for 1 USDT issued, there should be US $1 in physical reserves. Now the question arises : If the value is fixed, they why we need a forecast? We will learn more in this article. Tether is developed by exchange of crypto called “BitFinex”. Tether Price Prediction is a topic for investors as its value fluctuates from its real value.
What is Tether?
Tether was launched in the year 2013 and was earlier known as “Real Coin“. Tether is now the fifth largest cryptocurrency according to market capitalization and is used by million of blockchains users for daily peer-to-peer transactions, trade without the need of any third party intermediary. Despite being one of the largest cryptocurrency it has been in disputes due to the company controlling the prices of Bitcoins and company not managing their reserves properly. Due to this there has been fluctuations in the price of Tether. The price of tether should be ideally US $1 but it shows some discrepancy in actual value. It was developed to fill the gap between the real currencies and digital assets by providing low cost fees to tether. It is mainly used by the investors who want to maintain volatility in their crypto space but also wants to relate it with the physical currency. Tether Limited issues tokens but it is nowhere mentioned if USDT can be exchanged directly for USD. Tether Price Prediction depends on the tokens issues and amount of physical assets in reserves.
Tether Price History
It can be clearly observed that the deviation from the real value of Tether was least in the year 2021. In the end of 2019, it could be seen that the fluctuations were large and in recent times it is near to its ideal value. The most notable change was on 25th April, 2017 when the price got the mark of 0.91 USD. This was due to the news circulating that the tether being rejected by Taiwanese Banks. This made the investors to further sell their USDT which again decreased the price of USDT.
Is Tether Investment Safe?
The answer to this can be both yes and no. The problem aroused in the year 2017 when officers doubted during the audit that the amount of Tether supplied was not equal to the amount of USD in the reserve. The case was then filed on USDT and charges of fraud was imposed. This case was finally settled in February, 2022 and USDT had to pay some fine due to loopholes in the project. The amount of fine was $18.5 Million. Similarly, if there would be less Tether supply then the prices would be decreased. So in real practical time, the value of stablecoins are not stable.
However, if we see through investment perspective then there are many stablecoins in the market. Instead of choosing one coin and investing, there should be diversification in the portfolio. As, we have seen in the case of LUNA how the prices dropped by more than 95%, diversification will always help to sustain the fluctuations of the market. Some investment should always be in USD Coin (USDC), True USD (TUSD) and Binance USD (BUSD).
Tether Price Prediction
The exact price predictions of any stablecoins and cryptocurrency is impossible however an close approximation helps to invest accordingly. Investment should always be done by looking at the market sentiments.
Tether Price Prediction for 2023
Tether started in January 2023 with $1 and expected to end 2023 by $0.999. During this the maximum forecasted USDT is $1.143 and the minimum price is $0.849. This is according to the stable growth that we have seen in the last few years.
Tether Price Prediction for 2024
Tether will start January 2024 at $0.999 and expected to end 2024 by $1.667. This is the increasing growth as the acceptance of stablecoins will grow with the passage of time. During this the maximum forecasted USDT is $1.907and the minimum price is $1.374.
Tether Price Prediction for 2025
Tether will start January 2025 at $1.667 and expected to end 2025 by $2.459. This trends is with most investors coming for more secure and risk-free investment opportunities. During this the maximum forecasted USDT is $2.945 and the minimum price is $1.237.
Tether Price Prediction for 2026
Tether will start January 2026 at $2.459 and expected to end 2026 by $3.215. The more tokens will be issued and their can be discrepancy with the reserve amount. During this the maximum forecasted USDT is $3.486 and the minimum price is $2.215.
Tether Price Prediction for 2027
Tether will start January 2027 at $3.215 and expected to end 2027 by $3.478. Now, Tether has been overvalued during this course of time which will make investors re-think and so the value will be constant. During this the maximum forecasted USDT is $3.684 and the minimum price is $2.948.
Tether Price Prediction for 2028
Tether will start January 2028 at $3.478 and expected to end 2028 by $2.498. This may be the time when audits will take place and then the value will be revised and many investors will step out from such investment. During this the maximum forecasted USDT is $3.684 and the minimum price is $2.148.
Tether Price Prediction for 2029
Tether will start January 2029 at $2.498 and expected to end 2029 by $1.964. The value will try to reach the real value of USD. During this the maximum forecasted USDT is $2.784 and the minimum price is $1.459.
Tether Price Prediction for 2030
Tether will start January 2030 at $1.964 and expected to end 2030 by $2.478. This value will somehow justify the Tether price and again some investors will come in to gain some wealth through it. During this the maximum forecasted USDT is $2.842 and the minimum price is $1.785.
Tether Price Prediction for 2040
Tether will start January 2040 at $5.784 and expected to end 2030 by $6.251. During this the maximum forecasted USDT is $6.497 and the minimum price is $5.102. This is due to the bullish nature of the market. With Tether becoming one of the oldest stablecoin it will gain some trust and hence value.
Tether Price Prediction for 2050
Tether will start January 2050 at $15.478 and expected to end 2030 by $17.410. During this the maximum forecasted USDT is $18.457 and the minimum price is $14.162. This is due to more investment and opportunities in crypto and stablecoins. However, it is very difficult to predict if Tether will sustain such a long period of time.
Will Tether reach $10?
It is very difficult to predict the absolute value of any stablecoins since it has to be within the real value of currency. Still during the course of time as we have noticed earlier the value should increase. This does not mean that the value will always be in increment. Regular Audits by authorities to rule out the discrepancies between the tokens issued and amount stored in reserve will make the value of Tether no above than $1. In long run, Tether is not a good investment since each Tether value should be around US $1.
Will Tether reach $50?
It is highly impossible that the value of Tether will anytime reach the value of $50. This is due to the fact that it is a stablecoin and should be valued exactly the same as USD. But if we imagine that Tether becomes one of the mostly accepted stablecoin then also it’s value will not increase. Authorities and investors will always regulate to make sure frauds does not happen as earlier.
If we invest in Tether, we have to be clear that the its value with not grow massively. It has been witnessed over the years that the value of stablecoins shows value similar to the real currency. But this also fill the gaps between the crypto space and real practical world. Some cryptocurrencies have grown more than 1000X in just few years but this is not the case with Tether or any such stablecoins. This means that there is less risk associated with Tether investment. Any malfunctions by company in this project will be easily visible just by looking at the value of Tether. No extra allocation or black hat method can be applied to gain more wealth. Similarly, since less risk is involved investors should have a mindset that this will not grow their savings exponentially. Their are a lot more opportunities where there is some risks involved, but then the funds grows and investors gets decent ROI.