Hi everyone.
At the end of march, there was a giant increase of USDT marketcap that can be seen here:
coinmarketcap.com/currencies/tether/
This newly arrived money is now at the ecxhanges and is behind the recovery after the BTC/USD fall to $4500 mark. And there is still plenty of buying power left. On bitstamp, when you check the depth chart, where purchase and sell orders are shown in a chart, we cann see that the sum of orders is $64mio and sellers only amount to 3400 btc. So right now the purchasing power far outweighs the sellers and in time of few days I expect further push upwards.
This development may be the consequence of the halving that is approaching. I'm not sure but if that is so, we might expect some dumping after the halving. But until that event, I expect GROWTH.
This is not a sure figure, but I see at least $11000 before halving.
At the end of march, there was a giant increase of USDT marketcap that can be seen here:
coinmarketcap.com/currencies/tether/
This newly arrived money is now at the ecxhanges and is behind the recovery after the BTC/USD fall to $4500 mark. And there is still plenty of buying power left. On bitstamp, when you check the depth chart, where purchase and sell orders are shown in a chart, we cann see that the sum of orders is $64mio and sellers only amount to 3400 btc. So right now the purchasing power far outweighs the sellers and in time of few days I expect further push upwards.
This development may be the consequence of the halving that is approaching. I'm not sure but if that is so, we might expect some dumping after the halving. But until that event, I expect GROWTH.
This is not a sure figure, but I see at least $11000 before halving.