Tether (USDT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Stablecoins has lost 0% to $1.
Low Volatility
InvestorsObserver gives Tether a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
USDT’s low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Tether price With support set at $0.999986688296 and resistance around $1. This positions Tether
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.