Tether overtakes EOS, Bloody Monday continues

28 Jan, 2019 | Updated: 28 Jan, 2019
by Joeri Cant
Price Action
Tether overtakes EOS, Bloody Monday continues

Stablecoin Tether has jumped over EOS to become the fourth largest cryptocurrency by market capitalization, while the entire crypto market continues the 'Monday Bloody Monday' trend.

Following the cryptocurrency market’s depressive performance today, EOS trended into the negative regions, dropping a massive -7.11% in the past 24 hours, while trading at a $2.23 price point, with a total market cap of just over $2 billion.Tether total market cap stands at $2,038,752,924, $20 million above EOS total market cap.

Whenever the crypto market undergoes a strong bearish trend, the demand for stablecoins increases due to the fact that traders are look to liquidate their crypto holdings for stabilized assets.

As converting to fiat assets is not an option for many crypto investors, they move their funds to stablecoins like Tether. The poor market behaviour of today explains why today the market capitalization of Tether is in green while the rest of the crypto market is drenched in the color red.

Most likely, Tether won't hold on for long to its current number 4 position. Once the market correct upwards, Tether will fall back to a lower ranking top 10 spot.

Read more: Bloody Monday sees $6 billion erased from market cap, BTC drops under $3,500

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Add a comment

And what Tether haters will say and write now?! Tether won't fall off top 10 in the nearest future.
28 Jan, 2019 - 22:48
they will close their f*cking mouth! Tether is doing great!
29 Jan, 2019 - 18:13
coz they need to write such kind of article
07 Feb, 2019 - 17:21
my bet is tether wont fall in the nearest future and probably never !
08 Feb, 2019 - 18:39
that tether's position gonna change it's totally fine, does't really matter cause I can get it fast always
29 Jan, 2019 - 06:40
surely. everything changes all th time. tether changes too
09 Feb, 2019 - 02:50
Tether won't fall back anywhere and its fourth place is a real indicator, not a temporary one.
29 Jan, 2019 - 18:33
yep, right point. tether should have the further development anyway
15 Feb, 2019 - 10:48
wow Tether is the 4th largest cryptocurrency
29 Jan, 2019 - 19:10
Please note that people invest in Tether!! Although it isn't the only one stablecoin. This is a sign!!
29 Jan, 2019 - 19:51
of course people invest. community always do a right choice
30 Jan, 2019 - 09:22
You think that tether will come back but then the bearish trend will come again! It means that investors will start investing in the tether again
29 Jan, 2019 - 21:21
well done tether! go ahead !!
29 Jan, 2019 - 21:55
people prefer to invest in stable coins and not in altcoins, I am sure that tether position will continue to increase
29 Jan, 2019 - 22:04
tether is a respectful coin and people are not fools.
11 Feb, 2019 - 18:20
Traders will always look for stability in such coins as tether
30 Jan, 2019 - 19:36
If believe your words, the position of Tether has increased since November. I don't think it will fall so fast, it will probably grow!
30 Jan, 2019 - 21:02
Someone just doesn't want to admit that investors choose Tether)
30 Jan, 2019 - 22:04
stability is all we need in these unreliable time so investing in stablecoin tether is a good choice
31 Jan, 2019 - 22:31
Tether just laughs at all its haters who were predicting its collapse. And now this coin continues to grow.
01 Feb, 2019 - 16:50
Most likely, Tether wins the third place or even second
04 Feb, 2019 - 19:48
very promising and constant up move from tether that is growing in market cap even on the bear market
06 Feb, 2019 - 09:48
By this Tether gives a perfect answer to all its haters!
07 Feb, 2019 - 23:33
Tether overtakes Eos? Noone expected it..
11 Feb, 2019 - 12:41
nothing will ever top Tether
11 Feb, 2019 - 17:47
tether is a veteran and nothing beats it, my word is a law 😎
14 Feb, 2019 - 20:39
tether is already 4th in market cap however these gossips about it's insolvency still exist in media. definitely very reliable asset
16 Feb, 2019 - 10:54
even tough market cap is not always showing real situation of the asset, trading volume is another indicator of assessing the token' stability and reliability. tether can be seen as very trustworthy according to these two indicators
20 Feb, 2019 - 20:41
i began trading with tether and every article shows me like a sign that i was right in this choice.
21 Feb, 2019 - 12:09
I’m sure that we all can observe the history right now – Tether is a perfect coin to make history with their own hands
30 Mar, 2019 - 12:35
I think that haters isn’t the issue that can stop Tether – this coin proved its’ resilience
03 Apr, 2019 - 15:01
EOS is a good crypto asset as well as tether. i do not think that they should be compared against each other
04 Apr, 2019 - 12:51
it will be better for those vultures to simply leave Tether in peace, since otherwise the repercussions for the industry might be... problematic
04 Apr, 2019 - 14:28
Trading platforms are increasingly taking interest to stable crypto. This can increase Tether volumes even more! Let’s see where this tendency is moving.
06 Apr, 2019 - 15:13
My trading fully depends on Tether, I believe in the coin
06 Apr, 2019 - 16:22
I have lost hope for most of the other stablecoins, betting on Tether instead, I think it's an all right choice given the public stats that compare the coins
07 Apr, 2019 - 13:47

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