[EN] USDT DOMINANCE -> The key for smart crypto investing
Welcome again! Today we will talk about how present is the most used stablecoin in the crypto market:
USDT.D
. Believe it or not,
USDT.D
is the way to understanding how the money in the crypto market is moving.
Even though the stablecoin
USDT
has been growing rapidly since 2017, we have found tranquility within the bear market; clearly, this is an opportunity to stop analyse what is happening and what can we relate its action to.
First of all, bear in mind when the dominance increases, it means selling or minting, whereas when it decreases, it means buying. In one hand, the graph presents us a situation where we have a great resistance which defined the bottom of the bear market. In the other hand, we find that we actually are near a clear support where the market reacts.
What could that mean? We never know, but it is to expect soon a top before halving, which is expected in mid-april.
Remember this is no financial advice, and must not be taken as such.
USDT.D
. Believe it or not,
USDT.D
is the way to understanding how the money in the crypto market is moving. Even though the stablecoin
USDT
has been growing rapidly since 2017, we have found tranquility within the bear market; clearly, this is an opportunity to stop analyse what is happening and what can we relate its action to. First of all, bear in mind when the dominance increases, it means selling or minting, whereas when it decreases, it means buying. In one hand, the graph presents us a situation where we have a great resistance which defined the bottom of the bear market. In the other hand, we find that we actually are near a clear support where the market reacts.
What could that mean? We never know, but it is to expect soon a top before halving, which is expected in mid-april.
Remember this is no financial advice, and must not be taken as such.