Keywords and tags that could be used to describe Tether: exchanges.
The trend is slightly down on a 50 day basis, though that appears to be cooling a bit and may be coming to an end. Price is now above the 20 day moving average. Tether has a market capitalization of approximately 2.06 billion US dollars. That’s large relative to the Ethereum tokens SixJupiter tracks. In terms of volatility, it’s relatively NA
Tether currently has approximately 2756 wallets, with the average weekly growth rate in number of wallets being 1.29% for each week over the past 4 weeks. As for transactions, the weekly growth rate there has been about 1.28%. Ultimately, Tether has transaction and wallet growth metrics that are fairly average for what we’d expect tokens of a similar market capitalization to have.
The current available supply for Tether is 2.06 billion, while the total supply is 60.06 million. This means 3425.67% of Tether’s total supply, as currently defined, has been made public. To help put that in perspective, about 100% of tokens in the SixJupiter Index with a similar market capitalization have a larger percentage of their total currency unavailable. Both Tether’s available supply and total supply have increased over steadily over the past four weeks, but its available supply is growing much faster than its total supply — so the dilution risk has been declining.
Unfortunately, we were not able to access the Twitter of this token, so we do not have any insight into the size and nature of its social media following.