<h2>USDT, unlike other stablecoins, has increased its supply by over 22% this year.</h2>The amount of Tether (USDT) that is currently available in circulation has approached a record level. Since the beginning of 2023, this stablecoin has increased its supply by over 22%, increasing from 66 billion USDT coins to 81 billion USDT coins at the moment. Currently, this popular cryptocurrency project occupies the third position in terms of market capitalization. It is worth adding at this point that the supply of Tether's closest competition among "stable" digital currencies decreased at the same time.<h3>Tether supply close to record high</h3>The largest of the stablecoins definitely stands out among its competitors, increasing the amount of coins in circulation by over 22% this year. At the stage of January this year, Tether's supply was about 66 billion USDT coins. Currently, this number already exceeds USD 81 billion.With a market capitalization of over $81 billion, Tether ranks third among all major cryptocurrency projects. Above it is Ethereum (ETH) with a market capitalization of over USD 251 billion and the undisputed king among digital currencies, which is Bitcoin (BTC) with a market value of over USD 587 billion.According to current statistics, USDT supply has increased by more than 6% in just the last 30 days. In the 24-hour range, the trading volume of this stablecoin amounted to over USD 31.5 billion.<h4>The competition is left behind</h4>Interestingly, since the beginning of 2023, the scale of the stablecoin market has visibly shrunk. Although Tether has taken the opposite trend, digital currencies such as Binance USD (BUSD), USD Coin (USDC), MakerDAO (DAI), or USDD belonging to the Tron project, have reduced their supply.For example, one of USDT's competitors, currently ranked 5th in the ranking of the largest virtual currencies - USD Coin (USDC), reduced its amount of coins in circulation from over 44 billion it had in January this year to around 31 billion coins today.

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<h2>USDT, в отличие от других стейблкоинов, в этом году увеличил свое предложение более чем на 22%.</h2>Количество Tether (USDT), которое в настоящее время находится в обращении, приблизилось к рекордному уровню. С начала 2023 года этот стейблкоин увеличил свое предложение более чем на 22%, увеличившись с 66 млрд монет USDT до 81 млрд монет USDT на данный момент. В настоящее время этот популярный криптовалютный проект занимает третью позицию по рыночной капитализации. Стоит добавить, что одновременно с этим снизилось предложение ближайшего конкурента Tether среди "стабильных" цифровых валют.<h3>Предложение Tether близко к рекордному максимуму</h3>Крупнейшая из стабильных монет определенно выделяется среди своих конкурентов, увеличив в этом году количество монет в обращении более чем на 22%. На этапе января этого года предложение Tether составляло около 66 миллиардов монет USDT. В настоящее время это число уже превышает 81 миллиард долларов США.С рыночной капитализацией более 81 млрд долларов США Tether занимает третье место среди всех основных криптовалютных проектов. Над ним находятся Ethereum (ETH) с рыночной капитализацией более 251 млрд долларов США и бесспорный король среди цифровых валют - Bitcoin (BTC) с рыночной стоимостью более 587 млрд долларов США.Согласно текущей статистике, предложение USDT только за последние 30 дней увеличилось более чем на 6%. За 24 часа объем торгов этим стейблкоином составил более 31,5 млрд долларов США.<h4>Конкуренты остались позади</h4>Интересно, что с начала 2023 года масштабы рынка стейблкоинов заметно сократились. Хотя Tether принял противоположную тенденцию, такие цифровые валюты, как Binance USD (BUSD), USD Coin (USDC), MakerDAO (DAI) или USDD, принадлежащий проекту Tron, сократили свое предложение.Например, один из конкурентов USDT, занимающий в настоящее время 5-е место в рейтинге крупнейших виртуальных валют - USD Coin (USDC), сократил количество монет в обращении с более чем 44 миллиардов, которые он имел в январе этого года, до примерно 31 миллиарда монет сегодня.

Предложение Tether в настоящее время приближается к историческому максимуму

<h2>Im Gegensatz zu anderen Stablecoins hat USDT sein Angebot in diesem Jahr um über 22 % erhöht.</h2>Die Menge an Tether (USDT), die derzeit im Umlauf ist, hat sich einem Rekordniveau genähert. Seit Anfang 2023 hat dieser Stablecoin sein Angebot um mehr als 22 % erhöht und ist von 66 Milliarden USDT-Münzen auf derzeit 81 Milliarden USDT-Münzen gestiegen. Derzeit nimmt dieses beliebte Kryptowährungsprojekt die dritte Position in Bezug auf die Marktkapitalisierung ein. An dieser Stelle sollte hinzugefügt werden, dass das Angebot des engsten Konkurrenten von Tether unter den "stabilen" digitalen Währungen zur gleichen Zeit zurückging.<h3>Tether-Angebot nahe dem Rekordhoch</h3>Der größte der Stablecoins sticht unter seinen Konkurrenten eindeutig hervor und hat die Anzahl der im Umlauf befindlichen Münzen in diesem Jahr um über 22 % erhöht. Im Januar dieses Jahres belief sich das Angebot von Tether auf rund 66 Milliarden USDT-Münzen. Derzeit übersteigt diese Zahl bereits 81 Mrd. USD.Mit einer Marktkapitalisierung von über 81 Mrd. USD rangiert Tether an dritter Stelle unter allen großen Kryptowährungsprojekten. Vor ihm liegen Ethereum (ETH) mit einer Marktkapitalisierung von über 251 Mrd. USD und der unangefochtene König unter den digitalen Währungen, der Bitcoin (BTC) mit einem Marktwert von über 587 Mrd. USD.Aktuellen Statistiken zufolge ist das USDT-Angebot allein in den letzten 30 Tagen um mehr als 6 % gestiegen. Im 24-Stunden-Bereich belief sich das Handelsvolumen dieses Stablecoins auf über 31,5 Mrd. USD.<h4>Die Konkurrenz wird abgehängt</h4>Interessanterweise ist die Größe des Stablecoin-Marktes seit Anfang 2023 sichtlich geschrumpft. Obwohl Tether den entgegengesetzten Trend genommen hat, haben digitale Währungen wie Binance USD (BUSD), USD Coin (USDC), MakerDAO (DAI) oder USDD, die zum Tron-Projekt gehören, ihr Angebot reduziert.So hat zum Beispiel einer der Konkurrenten von USDT, der derzeit auf Platz 5 der größten virtuellen Währungen steht - USD Coin (USDC) - die Anzahl der im Umlauf befindlichen Münzen von über 44 Milliarden im Januar dieses Jahres auf heute rund 31 Milliarden Münzen reduziert.

Das Tether-Angebot nähert sich derzeit einem Allzeithoch

Tether supply is currently approaching an all-time high

<h2>Considerable interest in non-fungible token technology has led to significant changes in the cryptocurrency sector.</h2>The broadly understood NFT market has been sending us subtle signals for some time that it is periodically trying to recover from the impact of the strong bear market that inevitably reached this sector. It is not difficult to quickly come to the conclusion that the prices of top tokens from key collections are still significantly away from the levels of the glory days, which ended around the first quarter of 2022. Despite this pessimistic fact, a certain change in the balance of power in this innovative sphere can be noticed. It is worth adding that so far, the Ethereum blockchain has been the network where non-fungible tokens were traded most frequently. In the end, however, Ethereum had to hand over the leadership position to its long-time competitor, Bitcoin.<h3>NFT trade is booming, but on a different blockchain</h3>Built, among others, by the popular programmer Vitalik Buterin, the Ethereum blockchain has for a long time been associated primarily with the fact that it is the cyberspace where by far the most non-fungible tokens (NFTs) are minted and where the highest trade rate in terms of turnover volume takes place.Recently, however, a revolutionary change took place, which led to BTC taking first place in terms of volume in the last 7 days.<h4>Latest data from the NFT market</h4>The latest data from the platform analyzing turnover volumes in the NFT sector shows that during the week Ethereum decreased by 3.72%, while tokens minted using the Ordinals protocol in the BTC network contributed to an increase by as much as 22.47 %, which led to this network ranking in first place.Finally, it is worth adding that the weekly volume here reached USD 101.3 million. In the case of the Ethereum protocol, it is USD 95.1 million. In third place, without any surprise, was Solana, which recorded a strong jump of 55% over the last week, and the trading volume of non-fungible tokens amounted to USD 66 million.

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Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

<h2>A financial company draws a positive forecast for one of the largest cryptocurrency projects</h2>The recent BTC price rally has sparked new enthusiasm in the world of digital currencies, and with it, increased interest in other cryptocurrencies. According to the forecasts of a widely recognized asset management company - VanEck - Solana (SOL) has a good chance of achieving noticeably better results than Ethereum (ETH) by 2024.<h3>Can Solana beat Ethereum?</h3>The spectacular increase in value by as much as 212% in just the last 60 days has resulted in Solana's share on the cryptocurrency market significantly increasing. Digital currency analysts also expect Solana's price oracle platform, Pyth, to likely overtake Chainlink in terms of total value secured (TVS) soon. It is worth adding here that despite Chainlink's current market dominance, analysts deeply believe that the innovative system architecture will make Pyth ultimately defeat its most serious rival.It is worth noting that Solana is currently trading at an average price of $73 per coin, and its price has increased by over 11% in just the last 24 hours. Moreover, there was also an additional increase in 24-hour trading volume to levels exceeding even USD 4.1 billion.Financial firm VanEck additionally forecasts that Ethereum will likely not reach a higher market capitalization than Bitcoin (BTC) until 2024. While Ethereum is likely to outperform other major tech stocks, Bitcoin's regulatory transparency and scale of energy efficiency are widely expected to attract interest from state-owned entities in Asia, Latin America, and the Middle East.Despite Ethereum's very decent results, according to the most common forecasts, it will probably lose market share to other smart contract platforms, such as Solana, whose main competitive advantage is that it can boast a much more reliable scalability schedule. Finally, it is impossible not to mention that Argentina is expected to join the countries sponsoring BTC mining at the state level. This would mean that Argentina would follow in the footsteps of countries such as the United Arab Emirates, El Salvador, Bhutan and Oman.

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Solana will beat Ethereum in some respects by 2024, according to VanEck

<h2>Cryptocurrency investors who expect the sector to decline suffer significant losses.</h2>According to data provided by the popular firm S3 Partners, short-term investors who focus on companies related to the oldest cryptocurrency suffered significant financial losses exceeding $6 billion in total by trying to short BTC in 2023. These losses were caused by a sudden but consistent reversal of the bearish trend on the Bitcoin chart , as well as the oldest cryptocurrency regaining key price levels.<h3>Traders have lost a fortune shorting Bitcoin-related companies</h3>Based on a report published by the analytical company S3 Partners, traders who at the beginning of 2023 adopted a bearish stance towards listed cryptocurrency companies such as Coinbase, Marathon Digital and MicroStrategy recorded losses of $6.05 billion.Due to the long-term increasing value of digital currencies, many investors taking short positions on shares of companies related to the crypto industry have made significant losses.In just the first three quarters of 2023, some short-term investors reduced their exposure to cryptocurrencies as the sector apparently rebounded. However, since Bitcoin's last low of $25.1K in September 2023, there has been a sustained and sharp increase in short selling totaling approximately $697 million as traders dramatically increased their exposure to what they perceived as an "overbought market." .In a sudden turnaround in the stock market, BTC experienced a significant increase in value and reached a new yearly high of over $44,300 on December 5 this year. This unexpected upward rally resulted in approximately $2.65 billion in losses for short-term investors.<h4>Strong increases in the value of BTC-related enterprises</h4>Undoubtedly, this year's increases in share prices of companies such as Coinbase and MicroStrategy may have been a challenge for many traders who were betting on shorting these shares. For the Brian Armstrong-led company, this year's 290% stock rally has resulted in losses estimated at about $3.5 billion for short-term traders. It is worth adding that this currently constitutes more than half of the total losses incurred in this way throughout 2023.Additionally, MicroStrategy's over 300% growth this year contributed to roughly $1.4 billion in losses for cryptocurrency traders. Despite the current strong growth in the market for digital currencies and related companies, some investors still decide to take short positions, most likely hoping that the upward rally will lose momentum at some point.

Tether supply is currently approaching an all-time high

USDT, unlike other stablecoins, has increased its supply by over 22% this year.

Tether supply close to record high

The competition is left behind

Recent news articles

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

Solana will beat Ethereum in some respects by 2024, according to VanEck

Traders shorting Bitcoin are losing billions as the BTC price refuses to fall

Tether supply is currently approaching an all-time high

USDT, unlike other stablecoins, has increased its supply by over 22% this year.

Tether supply close to record high

The competition is left behind

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Recent news articles

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

Solana will beat Ethereum in some respects by 2024, according to VanEck

Traders shorting Bitcoin are losing billions as the BTC price refuses to fall