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Tether to ZAR | Tether current price is R 15.910.

tether Tether (USDT)

R 15.910
0.01% (24H)
Watch
Market CapVolume
R 1,064,406,469,332.65 R 712,494,462,025.20

Tether Live Price Data in South African Rands | (Tether in ZAR)

Tether current price is R 15.910 with a marketcap of R 1,064,406,469,332.65. Its price is 0.01% up in last 24 hours. If you would like to know where to buy Tether, the leading cryptocurrencies exchange in South Africa for trading in Cryptocurrencies are VARL, Luno and Binance

Should I buy Tether at R 15.910?

Considering the 0.01% up change over the last 24 hours, you may be wondering whether or not to buy Tether. If you want to buy Tether, it is important to first check the Fear and Greed Index below. If the index is on red that’s signaling a buying opportunity. When its on green that is signal to take profit or stay away.

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex).The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that.USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee. Buying and selling Tether for Bitcoin can be done through a variety of exchanges like the ones mentioned previously or through the Tether.to platform, which also allows the conversion between USD to and from your bank account.

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Fear and Greed Index

The crypto market behavior is emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction of seeing red numbers. The Fear and Greed Index, tries to save you from your own emotional overreactions. Using two simple assumptions:

  1. Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
  2. When Investors are getting too greedy, that means the market is due for a correction.

Therefore, alternative.me analyzes the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. Zero means “Extreme Fear”, while 100 means “Extreme Greed”. See below for further information on our data sources.

Latest Crypto Fear & Greed Index



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