Tether is the no.1 most popular stablecoin cryptocurrency as of now; that was launched back in 2014 and has been the centre of the market’s attention for years now. Many also know it by the name USDT. The recent crash of the famous stablecoins Terra Luna and Terra USD has created chaos among the investors of Tether, with many saying that Tether is going to crash next. So, we are here to deal with all your concerns with our Tether price prediction. Learn what experts have to say about this hot topic.

Tether Price Prediction

Like every stablecoin, Tether also tends to maintain its value near $1. Many are worried if Tether will be able to keep up with its dollar peg or will it just crash as Luna did. Here’s the expert’s Tether price prediction; have a look! Yes, it’s true that Tether showed minor fluctuations in its price during the Luna and UST crypto crash phase, but the coin has gained its stability back.

After Terra UST crashed, the value of Tether dropped by a few points from $0.9988 to $0.9485 as of May 12, 2022. The current value of Tether is $0.998763 as of  Sunday, May 22. USDT suffered a loss of around 10 billion dollars from the Luna crash as its total value dropped from $83.24 billion to $74.12 billion.

Has Tether Stabilized Itself Yet?

Despite the recent price drop, Tether is on its way to stability again, and analysts believe it will soon come back to $1. Tether isn’t just any ordinary cryptocurrency based on some stupid algorithms; it is a leading stablecoin by market capitalization and is backed by real assets.

Soon it will come back to its destined value, and it is expected that by the end of 2022, Tether will rise to $1.1. The world of crypto is interconnected, so it was already expected for Tether to suffer a loss from the Luna crypto crash. But now, Tether must not fall any further, or else the crypto market will suffer a huge blow.  

Here’s The Catch

You already read the Tether price prediction, and so far, the stablecoin has proved to be very much stable. So here’s the answer to your question. No, Tether’s fate will not be the same as that of Luna, most probably. Let’s see what the volatile world of crypto has planned for Tether.