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Issued on the Bitcoin Blockchain; Tether is a “stable coin” that was designed to act as a bridge between fiat and digital currencies. At press time, it is the 8th most valuable digital currency by market share. Its value is said to be directly tied to the US dollar, which, in theory, should protect owners from the volatility associated with the crypto market.
The company behind the altcoin, Tether limited, claims that each token is backed by one United States dollar. However, this claim has never been substantiated – making Tether something of a controversial token.
Controversy aside, one still might reasonably ask, why anyone would offer a price forecast for an altcoin tied to the dollar? Isn’t it always worth, well, a dollar? Surprisingly, the answer is no. Throughout Tether’s relatively brief history, its price has fluctuated from around 99 cents to $1.05. Furthermore, some crypto forecasters believe the altcoin’s value may stray even further from the dollar.
Disclaimer: This article is not intended to be investment advice. Readers are strongly encouraged to do their own research before investing in any cryptocurrency.
TheNextTechs.com is a crypto site that offers a variety of information – including price predictions. In an article published last March, an author known as alishujaadmin offered Tether price predictions for 2019, 2020 and even 2030.
After a quick glance at the article, it becomes clear that English isn’t the author’s first language. Moreover, the logic behind his prediction’s is vague at best.
That being said, there are still some Tether owners out there who will likely appreciate alishujaadmin’s optimism – if nothing else.
By 2019, TheNextTechs.com writer believes that a single Tether could be worth $1.50.
In his own words, “Tether price prediction 2019 is up to $1.50. It seems very less. For now, if you buy Tether for $100 right now, then you will get 100 USDT (Tether). So price prediction 2019 shows you will get (a) profit of $50 within a year. Its mean your $100 will turn in to $150.
Tether forecast shows that price shows a corrective wave. After every corrective wave, there will (be) a(n) impulse wave. Inverters should wait for that impulse wave, and after that, they will gain 50% profit.”
Apparently, if alishujaadmin is to be believed, it’s, it will be all about the impulse wave in 2019.
However, TheNextTechs.com author wasn’t done there. He (or she) also provided a 2030 prediction.
“We can expect USDT price will (go) up to $5 at the end of 2020. But if you are thinking(the) price will (go) up to $50 in future, then it is wrong. USTD will not hit $50 in (the) future. It will take a lot of time to hit $50. Tether price prediction 2030 is $50 but it is a long time, and that is also not very confirmed.”
There it is.
It isn’t often one sees a crypto price prediction for the year 2030 – even if it’s “not very confirmed.”
Unsurprisingly, PricePredection.info is a website that focuses on price prediction. The site recently released an article that featured some rather optimistic Tether forecasts for the next 5 years.
The unnamed author believes that USDT is in for quite a price surge as 2018 comes to close. The article claims, “Tether is currently trading around $1.00. The forecast for the Tether cryptocurrency by the end of year 2018 is around $1.00 x 4. This is because following the previous highs of the Crypto market; a 4x bull run is expected for the cryptomarket in 2018 according to our Technical analysis. A bull run crypto market lifts all boats and is likely to produce good returns especially for strong coins.”
In other words, according to PricePredection.info, we can expect Tether tokens to be trading at around $4 sometime between now and December 31, 2018. However, the writer also offered a 5 year forecast.
“Furthermore, the five-year forecast for Tether is around $1.00 x 10 ($10) at the minimum. Thus, even if you’re just looking to invest for a one-year period, you would be able to make a significant amount of return. On the other hand, even if you’re looking to invest for 5 years, the investment return which you can get from these levels is enormous.”
While this doesn’t adequately explain why USDT would deviate so far from the dollar, one still has to admire the writer’s enthusiasm.
Unlike the previously mentioned websites, Investing Pr.com focuses on traditional stocks, as well as cryptocurrency. Moreover, while the previous two authors were a bit vague, the individual who wrote the article for Investing Pr.com provided a nice outline to support his analysis. This may be why, at least based on what we’ve seen so far from Tether, his prediction seems a bit more reasonable than the others.
According to the unnamed author from Investing Pr.com,
“Tether is a great idea that is crucial to the healthy functioning of the cryptocurrency markets, but its execution has been far from perfect. The concerns over its finances and recent market moves have spooked experienced and casual investors alike. Barring major new revelations, however, Tether is unlikely to deviate far from its $1 benchmark.”
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