Stablecoin issuer Tether is celebrating its 10th anniversary along with the success of its flagship product, USDT.

As part of the anniversary celebration, Tether released a documentary highlighting how USDT has helped users in countries like Argentina and Brazil navigate currency inflation.

Tether Celebrates 10 Years of Bringing ‘Financial Inclusion’ to Billions

In an October 6 statement, Tether CEO Paolo Ardoino reflected on the company’s progress since its inception. He highlighted Tether’s mission to provide financial access to millions, especially in regions lacking traditional banking services.

Tether’s primary product, USDT, a stablecoin pegged to the US dollar, has grown indispensable to global users. Ardoino revealed that Tether has added “tens of millions” of new wallets each quarter, with a user base now reaching hundreds of millions.

“Our focus has always been (and will always be) the last mile. Rich people have already tens of ways to transact and store wealth. We build financial tech for the people left behind,” Ardoino stated.

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Over the past decade, USDT has grown to become the third-largest cryptocurrency by market cap, trailing only Bitcoin and Ethereum. DeFillama data shows that the asset has a market capitalization of nearly $120 million, controlling around 69% of the stablecoin market.

Despite its achievements, USDT has encountered regulatory hurdles and concerns over its reserves. Over the past months, several European exchanges have hinted at delisting the stablecoin, citing non-compliance with the region’s Markets in Crypto-Assets (MiCA) regulation.

However, Tether is reportedly working on a new technological solution tailored for the European market. This signals its efforts to adjust to evolving regulatory demands around the globe.

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Meanwhile, Tether is also diversifying beyond its stablecoin operations. The company has ventured into sectors such as telecommunications, artificial intelligence, education, and energy.

Earlier this year, it launched four new divisions — Data, Finance, Power, and Education — to drive its vision of future-ready financial systems. These moves have been accompanied by significant investments in these industries.

“Tether has become a symbol of disintermediation, resilience and stability. From Financial tools (stablecoins) to tele-communications (keet), from Artificial Intelligence to unstoppable education and energy, we believe in the importance of empowering people, communities, cities and entire countries,” Ardoino stated.

SUI price has been experiencing an upward trend recently, making it a potential contender for reaching a new all-time high (ATH). However, shifting investor sentiment suggests that the altcoin may struggle to achieve this milestone. 

Despite its recent gains, SUI’s momentum appears to be faltering as technical indicators show signs of an upcoming market shift.

SUI Gains Unlikely

One of the main concerns for SUI’s price action is the tightening of the Bollinger Bands, which signals an impending volatility squeeze. A squeeze occurs when the Bollinger Bands narrow, typically followed by a sharp price movement, either up or down. The significant drop in trading volume further confirms that a squeeze is likely approaching. 

This upcoming squeeze could lead to heightened volatility for SUI, and while there is a possibility for a rally, it could just as easily result in a price drop. The lack of volume shows that investor activity is waning, which may mean a lack of sufficient support for pushing the altcoin to a new ATH.

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SUI’s macro momentum also presents some concerns. The moving Average Convergence Divergence (MACD) indicator is showing early signs of a bearish crossover, a pattern that typically signals a trend reversal towards the downside. This is particularly notable because it would be the first bearish MACD crossover in nearly a month for SUI, suggesting that the volatility from the squeeze might favor the bears.

With this bearish crossover, it becomes more likely that SUI’s price will face pressure to decline. This adds weight to the argument that SUI may not be ready to form a new ATH in the near term. The confluence of technical indicators is hinting at a potential reversal that investors should be cautious of.

SUI Price Prediction: Loss Ahead

SUI’s price is currently hovering at $1.74, just above the critical support level of $1.70. If the support is lost, the altcoin could fall further, leading to a larger price drop.

Given the current technical indicators, a decline to $1.45 is plausible, and if investors start selling, this drawdown could extend to $1.16. Such a move would further diminish the chances of SUI hitting a new ATH anytime soon.

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However, if the broader market shows bullish strength and manages to overpower the current bearish sentiment, SUI could rise to $2.18. Breaching this level would invalidate the bearish outlook and set the stage for SUI to form a new all-time high.

Bittensor (TAO) has seen significant bullish momentum recently, pushing its price above the $600 mark.

This ongoing rally follows a breakout from a bullish pattern that had been developing for three months, starting in mid-September. TAO is now nearing validation of this pattern, with the potential for further gains ahead.

Bittensor Has Solid Support

The market sentiment around Bittensor is extremely positive, as evidenced by the surge in Open Interest over the last 24 hours. Open Interest, which measures the combined value of all open contracts in the futures market, hit an all-time high of $180 million. This influx of trader inflows signals strong confidence in TAO’s price potential as more market participants place bets on the asset’s continued rally.

The rise in Open Interest is typically viewed as a bullish indicator. With capital flowing into TAO futures contracts, the market appears to believe that the rally is far from over. This heightened interest could help sustain upward momentum, pushing the price further and validating the bullish pattern in play.

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From a macro perspective, Bittensor’s technical indicators suggest that the rally could continue. The Relative Strength Index (RSI), used to gauge the strength of price trends, is currently holding in the bullish zone. While the RSI previously entered the overbought territory, over 70.0 in September, it has since cooled off slightly while remaining well above neutral levels.

This positioning indicates that while some overbuying pressure has been alleviated, the bullish momentum remains intact. The RSI’s current reading suggests that TAO still has room for further gains, reinforcing the broader market sentiment that the price increase could continue.

TAO Price Prediction: Stretching Arms

TAO is currently trading at $554, nearing the $642 target set by the bullish ascending triangle pattern that has formed over the last four months. This pattern suggests a potential 79% price rise upon breakout; a target TAO is approaching.

The combination of strong market sentiment and technical indicators supports this bullish outlook. If TAO can breach $642 and maintain $600 as a support, the rally is likely to continue, further validating the bullish thesis.

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However, failure to breach this key resistance could trigger profit-taking among investors. In such a case, TAO could see a drawdown of $492. If this support level is lost, the bullish outlook would be invalidated, and the price might fall further to $418.