What is the current tether dominance chart in the cryptocurrency market?

3 answers

• Rotaru SilviuNov 01, 2023 · 2 years ago
  Tether (USDT) is a stablecoin that is pegged to the value of the US dollar. It is one of the most widely used stablecoins in the cryptocurrency market. The tether dominance chart shows the percentage of the total market cap that tether holds compared to other cryptocurrencies. It is an important metric to track as it indicates the level of trust and adoption of tether in the market. Currently, tether dominance stands at around 60%, which means that tether accounts for 60% of the total market cap of all cryptocurrencies. This dominance has been relatively stable over the past few months, with tether consistently maintaining its position as the most dominant stablecoin in the market.
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• Brink KoefoedJun 23, 2022 · 3 years ago
  The current tether dominance chart in the cryptocurrency market shows that tether holds around 60% of the total market cap. This means that tether is the most dominant cryptocurrency in terms of market capitalization. Tether's dominance has remained relatively stable over the past few months, indicating a strong demand for this stablecoin. As a stablecoin, tether provides stability and liquidity to the cryptocurrency market, making it a popular choice for traders and investors.
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• Christensen LodbergApr 02, 2022 · 3 years ago
  According to the latest data, tether (USDT) currently holds around 60% of the total market cap in the cryptocurrency market. This means that tether is the most dominant cryptocurrency in terms of market capitalization. Tether's dominance has been relatively steady over the past few months, with only minor fluctuations. This stability is a testament to the trust and confidence that the market has in tether as a stablecoin. As the most widely used stablecoin, tether plays a crucial role in the cryptocurrency ecosystem, providing liquidity and stability to traders and investors.
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