Tether has overtaken bitcoin in performance. While Bitcoin remains the largest market player, Tether has taken an important position. Tether is now the most traded cryptocurrency globally at bitcoin-buyer.io.
Key takeaway: Understand investment options and opportunities for growth on both Tether and Bitcoin.
Tether
As a globally accepted stable coin, Tether has created its mark in the crypto industry. There is a dedicated team of developers working on innovating and developing. In simple terms, the following are the main features of Tether
- World’s first stable coin
- Provide incomparable liquidity
- Adoption globally and interest is growing
- Guaranteed return on investment
- Widespread acceptance
Why invest in Tether?
Tether first launched in 2014 and has now established itself as a pioneer in stable coins. There is an innovative blockchain technology deployed by Tether. This crypto has a combination of both crypto and fiat currency. Combined with a mix of both worlds Tether providers its users with pricy returns.
Tether tokens have established themselves as the most trusted, stable, and liquid coin. All Tether currency and tokens are 100% transparent. This is available for easy public access. Tether coins are available in many currencies including USD, EURO, and Chinese Yuan. Tether is also registered under anti-money laundering regulations. Tether is compliant to Know Your Customer (KYC) regulations as well.
Since its launch in 2014, Tether’s market capitalization has grown exponentially. As of today, there is a total market capitalization of $77 billion.
The primary reason for tether investments is its capability to avoid a volatile crypto market. Additionally, there is minimal transaction cost with every Tether buying and selling. One can buy Tether tokens through popular crypto exchanges. Binance, Kraken, and Bitfinex are few exchange platforms capable of executing tether transactions.
Over the years, Tether has been able to keep its value of $1. While there has been a price dip, and price increase Tether retains its value.
Bitcoin
Bitcoin first launched in 2009. This came up as a relief to the investment market, especially after the 2008 recession. Bitcoin offers peer-to-peer financing and operates on blockchain technology. Blockchain is simple network chain enabling users to save their transactions. With this single ledger model, it is impossible to trace back transactions.
Bitcoin became a popular model of financial transaction due to its decentralized finance model. DeFi means a lack of any regulatory authority or central bank monitoring financial transactions.
As of 2021, Bitcoin has a total market capitalization of $2Trillion. One Bitcoin stands at $35k and this is the highest-priced crypto token. Bitcoin provides its investors with a profitable return on investment. Over the past year, there is a 1.78% increase in the price of bitcoin daily.
Features of bitcoin
Every transaction undertaken using bitcoin is relatively faster. There are no hidden or underlying charges to these transactions. Another important factor is the anonymity of transactions. All bitcoin transactions are broken down into many chains of transactions. These records are then stored in individual computers across the globe. Anyone can access and view these transactions. But, none of these transactions reveal user details.
While Bitcoin has gained its popularity, it is also true that this will not continue to rule the market. Despite a large volume of mining, it is expected that the last bitcoin will be mined in 2040. Further to this, there shall be no mining activity of bitcoin. Companies, institutions, healthcare, gaming, and other industries have come in support of bitcoin. Buyers can buy products and services in exchange for bitcoins. But, there is a major drawback of regulations on these bitcoins. While legalization was a welcome move this will beat the very purpose of the decentralized finance model. The anonymity of transactions may also lead to bitcoins being used for money laundering, tax evasion, and other criminal activities. Governments may come forward in banning bitcoins. This can be an added drawback of bitcoin.
Bitcoin or Tether, it is important to choose the right product for your investment. Bitcoin has been providing lucrative benefits to early investors. But, the situation is not the same with young and newbie investors. Tether has been gaining appreciation and acceptance for its speed and simplicity.
Also, make sure to buy these tokens and coins from a globally accepted exchange. Let the exchange help you in ensuring all your transactions are safe.
