SignalQuant

Tether Dominance knows the bottom of market cap?!

Whenever the entire coin market cap (market cap) bottomed out, including late July and late September last year, Tether Dominance showed the ‘peak & fall’ pattern. This year, Tether Dominance showed the pattern again in late January while the market cap began to rebound after consolidation. In addition, the number of stable coins (including tether) on all exchange has increased by about 10 times compared to a year ago, the highest ever. Of course, the movement of market cap and stablecoins would a phenomenon based on the result. Nevertheless, this pattern may help our investment strategy accordingly.