Meet ZCash, the cryptocurrency that protects your privacy better than Bitcoin – Nairametrics

Tether,the third most valuable cryptocurrency witha market capitalization of about $9.1billion,is expectedtopass Ethereum ($27 billion))as the number two cryptocurrency,on the strength of the dollar.

Bloomberg News reportedrecentlythatthere is ahigh probabilitythat it expects Tether (USDT)tooutsize Ethereum (ETH) in market capitalization.

The report outlines the organic growth of Tethers market capitalization as one of the major reasons for the gain Bitcoin (BTC) is presently having in the mid-term.

Interest in digital links to the dollar represents the need tohandleand store value in the worlds reserve currency without an intermediary.

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What you need to know:Tether is designed as a blockchain-based cryptocurrency whose digital coins in circulation are backed by the same value of traditional fiat currencies, like the U.S dollar, Japanese Yen, or the Euro. It trades under the ticker symbol USDT.

Recall that Nairametricsearlierreported how Tether had overtaken XRP (XRP) asthe number three most valuable cryptocurrency by market capitalization. Bloomberg reports added that the momentumwith the help of the U.S dollaris expected to makeTether gainand moveto the second spot:

Absent an unlikely reversal in predominant crypto trends, it should be a matter of time until Tether passes Ethereum to take the No. 2 spot in total assets behind Bitcoin.Receiving helpfrom widespread adoption witha workablecase as a proxy for the worlds reserve currency, there seems little to stop the increasing adoption of the dollar-linked stable coin.

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Also,Bloombergs report expectsTether to rise based onEthereumslimited upside.

We see little upside in the ETH price absent a rising tide from Bitcoin. The pre-eminent crypto is breaking away from the pack in terms of adoption and is supported by almost-ideal macroeconomic conditions for stores-of-value amid quantitative easing.

Tether is in a similar position. Strengthening Dollar Supports Stable Coins. The advancing dollar will fuel demand for the Tether stable coin, in our view. In terms of gold and Bitcoin, the dollar is depreciating, butit isgoing in the other direction vs. most other currencies.

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The greenback appears best positioned as global currency valuesretreat, with all facing unlimited supply.

Tether and stable coins are gaining traction as vehicles for dollar exposure without intermediaries and for transferring value among the numerous highly speculative and volatile crypto assets.

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Meet ZCash, the cryptocurrency that protects your privacy better than Bitcoin - Nairametrics