Those are the three most popular cryptocurrencies, large-cap, and the largest volume of transactions in the cryptocurrency market. People can invest large sums of money in them without worrying about being liquidated. That will counteract slippage and manipulation.
Another issue is its use. Tether is an absolute store of value when USDT is backed by one dollar in the bank. People can use USDT to buy most cryptocurrencies. Bitcoin is decentralized and liquid around the world. Everyone loves to hold Bitcoin. Ethereum caters to DEFI projects, participates in ICOs and initiates smart contracts.
Because of the above reasons, Bitcoin, Ethereum and Usdt are the most traded.
Topic: Why more people Trad to this 3curency USDT BTC ETH? (Read 282 times)
Ya this question is very good 🙂
The more people will be Tred to this day 3 currency in the world, Because this is a one of the Best earning money for futur ,But this coin market value hinght in the crypto marketing, So more people will be trading this 3 currency iny opinion 🙂
YA it's a stables coin they crypto, because this is a very High value in the crypto marketing there more people will be trading on the this three curency The more people will be Tred to this day 3 currency in the world, Because this is a one of the Best earning money for futur ,But this coin market value hinght in the crypto marketing, So more people will be trading this 3 currency iny opinion 🙂
Ya this question is very good 🙂
The more people will be Tred to this day 3 currency in the world, Because this is a one of the Best earning money for futur ,But this coin market value hinght in the crypto marketing, So more people will be trading this 3 currency iny opinion 🙂
The more people will be Tred to this day 3 currency in the world, Because this is a one of the Best earning money for futur ,But this coin market value hinght in the crypto marketing, So more people will be trading this 3 currency iny opinion 🙂
If we look in terms of trading volume, USDT is higher than BTC and ETH. Because USDT is used to trade all coins. Even the coins are priced very low. Whereas BTC and Ethereum are rarely used to trade coins of low value. BTC and Ether are mostly hold compared to being traded, this will make the daily volume of BTC even lower.
There are two things or vital factors traders looks up for before trading any coin or coins, the first is the volume in that exchange. If an exchange lacks volume, traders won't be attracted to it while the second is liquidity of the coin they want to trade. So directly or indirectly, liquidity of various coins is what contributes significantly to the growth of an exchange. So about these 3 coins, they are the highest when it comes to liquidity, so trading them on any exchange comes with no issue whatsoever, no need battling with bots etc. Also, another reason is that, people likes trading against USDT so that they won't need to worry about volatility and/or market dump.
They proved themselves to people in terms of volume, recognizability and ease of use. In addition, the fact that the prices of altcoins outside of these are too volatile causes people to be harmed. This forces investors to invest in the cryptocurrencies you mentioned.
Simply put, a big reason why most people trade Bitcoin on Ethereum and USD pairs is that other cryptocurrency trades are relatively riskier. With the exception of a few cryptocurrencies, most altcoins do not have such a large market volume that making them difficult to trade. Moreover, once the value of most altcoins falls, they can in most cases not reach their previous value, which can lead to loss of assets. So most people trade Bitcoin, Ethereum, and USD for safe trading, which reduces the chances of running out of resources.
The three coins you've mention are the top three coins in the crypto market. Bitcoin is the most valued coin and has also the most volume coin in market, many investors get rich by this coin, and besides cryptocurrency was known to the world by this coin, it's popularity. Same as ethereum coin, the second most volume coin in crypto market, and USDT is the stable coin that is used to trade crypto in the market.
because those three coins have a large volume and are present throughout the crypto market. so eth btc and USDT become a mainstream pair in the market. and the coins also tend to be stable, so that is the reason why many use them for trading. USDT also makes it easier for people to make disbursements to FIAT. Almost all coins that come from new projects use the ethereum network as well. and bitcoin is the center of the crypto market, so it is irreplaceable.
People trade to USDT, BTC, ETH is because they want to make a big profit from that 3 currency. With the fluctuating of each price, people can expect to profit from all of that currency. But not many people will trade all of the coins because I think people will look at one or two coins that have good volatility in the market. If bitcoin moves this week is good, people will select to trade bitcoin, and so on. They will search for the coin with a big gap in the price and have a good move.
They can stick to one coin if they think they can profit from that coin for some time. And they will get out of the market if their analysis said that the trend would not be good to trade. They will search for the other coin which has profitable.
If you check on the market, you will see that bitcoin can give you a bigger profit if you can use the gap price to buy low and sell high. Still, there will be a downtrend for all coins, which you better get out for a while from the market.
They can stick to one coin if they think they can profit from that coin for some time. And they will get out of the market if their analysis said that the trend would not be good to trade. They will search for the other coin which has profitable.
If you check on the market, you will see that bitcoin can give you a bigger profit if you can use the gap price to buy low and sell high. Still, there will be a downtrend for all coins, which you better get out for a while from the market.
1. BTC is the main cryptocurrency that will be the reference for altcoin prices.
2. ETH is the most widely used altcoin, their chain uses for new coins, so this fact makes ETH popular and trader use it for trading purposes
3. USDT is a stablecoin whose value is the same as USD, if a trader wants to know the price of BTC or Altcoin in USD then USDT is the reference because the value is 1: 1 with USD
With that fact, make BTC, ETH, and USDT liquidity, every trader want trade in crypto that has liquid to make their trading fast.
2. ETH is the most widely used altcoin, their chain uses for new coins, so this fact makes ETH popular and trader use it for trading purposes
3. USDT is a stablecoin whose value is the same as USD, if a trader wants to know the price of BTC or Altcoin in USD then USDT is the reference because the value is 1: 1 with USD
With that fact, make BTC, ETH, and USDT liquidity, every trader want trade in crypto that has liquid to make their trading fast.
I think because its a good combination of two top-ranking cryptocurrencies Bitcoin and Ethereum and one popular Stablecoin which is USDT, the trio are the largest markets in the industry, and of course, It has a huge liquidity thats why many traders and investors are choosing it as the base fair for trading. But actually, not just the Bitcoin, Ethereum, and USDT are the most popular coins for traders, it also includes EOS, XRP, Tron, and other Stablecoins as well.
In general, the three currencies are very good and good currencies to have at any time, so it would be very natural that most people who are in crypto choose all three currencies, both for long-term trading and storing assets in temporary term, because USDT is more suitable for the category of holding assets, because it is less suitable for trading, because USDT is a stable token whose value is the same as the fiat currency namely the dollar.
Not all of the stable coins, Only centralized ones, Dia is a decentralized stable coin, but I still believe that if the owner of that coin or token wants to freeze the money in a wallet he/she can do it, the same thing that happened after kucoin hacking, some coins like ORN changed their smart contract and with a 1:1 swap, the tokens in hacker wallet were unusable, also because of blockchain everything is clear unless they use privacy coins which is not very accessible recently based on the exchanges policy.
Who write smart contract has key to shut it down or write a new one and make a swap. SUSHI do you remember a drama with SUSHI?Stable coins are targets of governments because of there are flow of money from darknets and dark markets try to launder their money with stable coins. Governments when they have reasons and proofs, they can ask creators (if they know) of stablecoins to freeze money in wallets.
Ya this question is very good 🙂
The more people will be Tred to this day 3 currency in the world, Because this is a one of the Best earning money for futur ,But this coin market value hinght in the crypto marketing, So more people will be trading this 3 currency iny opinion 🙂
Those are big major coins so its only normal to have been traded the most especially bitcoin and eth. Usdt only been traded and act as a neutral fiat for doing futures, not actually a big token or coin to look forward since its stablecoin. But for me Im using other pair than this, due to possibility of being locked out. Dont trust usdt and choose a better pair for it. Its not that I dont like it but this token is owned by a capitalist and tycoon they can control your funds if they wanted too. The more people will be Tred to this day 3 currency in the world, Because this is a one of the Best earning money for futur ,But this coin market value hinght in the crypto marketing, So more people will be trading this 3 currency iny opinion 🙂
Because ethereum and bitcoin exist here for too long so those coins having investors, holders, and traders, and also these coins has different usage other than trading.USDT is here for trading purposes, mainly to avoid the long waiting time and avoid the expenses when we move our profits from a trade.
Usdt, BTC and Ether are the top 3 coins on market cap with highest treading volume. Trading is easier when there is liquidity, the 3 coins are usually listed on all exchange pairs and can be easily be swap or traded for other coins, that's why it's always used by most people though I prefer Usdt because of stability.
Another reason is p2p and local exchanges. Transactions on most p2p exchanges requires that 3 top coins, hence it makes life easier to make transactions without stress. Converting coins into fiat most of the times are either in Btc, Ether or Xrp because of their fast transactions.
Bitcoin has the most liquidity. Ethereum is the largest altcoin and is used on most DEXs. Tether is an intermediary that can be used instead of the US dollar in order to circumvent regulations and it is more convenient than using traditional methods of transferring fiat currencies. There have been attempts at having other base currencies but there is usually very little demand and volume is low.
Why BTC, ETH and USDT. Everyone must have known that these three coins are indeed the most traded. To be sure BTC and ETH are the top and best coin taverns right now. For USDT, since it is a stable coin it must be people who want to keep their asset value. Going to use USDT and of course USDT trading is huge.
USDT and stable coins are centralized and they can be frozen in your wallets.
Not all of the stable coins, Only centralized ones, Dia is a decentralized stable coin, but I still believe that if the owner of that coin or token wants to freeze the money in a wallet he/she can do it, the same thing that happened after kucoin hacking, some coins like ORN changed their smart contract and with a 1:1 swap, the tokens in hacker wallet were unusable, also because of blockchain everything is clear unless they use privacy coins which is not very accessible recently based on the exchanges policy.
liquidity
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