In conventional markets, like the index market, currencies or commodities, establishing an exchange rate for a currency is not so much a debate matter. The majority of traders don’t think about whether they should trade with Euros, Dollars, or Yen. The majority of traders trade using the currency they already own or one with the highest liquidity. In the traditional market, the currency of choice can also be a stable currency. When it comes to crypto trading this particular characteristic, as well as other unique characteristics, makes the coins stand apart.
In this blog, we’ll examine the best coins to represent both types of coins which are BTC as well as USDT. We will also go over the advantages and disadvantages of each and give you an idea of which one you should choose for your quote currency on Cryptohopper!
Overview of Bitcoin (BTC)
Bitcoin is an uncentralized digital currency you can purchase or sell, and then exchange without the need for an intermediary such as a bank. It was invented by the mysterious Satoshi Nakamoto in 2009 and was the first electronic, peer-to-peer, decentralized currency. This feature has led to its status as an innovative financial system. If Bitcoin were to become the world’s most widely used currency and everything we have experienced would change completely.
Since its debut in 2009, Bitcoin has seen an enormous increase in value. Though it was previously sold for less than $150 per coin on June 8 one Bitcoin cost was around $30,200. Since its supply is limited to just 21 million coins, many are expecting the BTC price to keep growing as the years progress particularly as larger institutional investors start to view it as a form of digital gold as a protect themselves from market fluctuations and rising inflation.
Advantages:
Additional trading pairs: The majority of crypto exchange platforms make use of BTC as their primary key point of entry through which other cryptocurrencies are traded. While BTC is able to be traded with more than 100 other coins on an exchange, different coins could provide around 25 or less for other altcoins.
Among the most popular trading platforms for cryptocurrency, Kucoin has a worldwide crypto exchange that gives users the ability to purchase or sell crypto. Kucoin is now home to more than 10 million customers and is available in over 200 countries and is one of the biggest exchanges in the world.
Less stop-loss stops: It is common knowledge it is true that BTC price is usually forecast by the price of other cryptocurrencies. In a way, the crypto market is synchronized with BTC. If BTC declines in value, the negative proportion that you have open position wouldn’t be as different which means that your positions wouldn’t lose money.
Disadvantages:
Variability: BTC as well as crypto generally, are marked by large fluctuations in value. All is well when price increases, but an ebb in crypto may be a negative for all gains made from a precise technical analysis.
Limited Use: Although there are a lot of businesses accepting Bitcoin like Microsoft and a few Subway franchises, the currency is not widely used.
Overview of Tether (USDT)?
Similar to bitcoin Like bitcoin, Tether (USDT) is another best cryptocurrency. It’s actually the third largest digital coin in the world in terms of market value. It’s a distinct coin from bitcoin or other virtual currencies. USDT, also known as Tether, is a cryptocurrency that has been around since 2014 and has been referred to as a stablecoin since it is fully backed by USD. It is created via the Bitcoin blockchain through the Omni Layer Protocol and is designed to act as an interface between fiat currencies and cryptocurrencies.
The ideal situation is for Tether to be worth $1, which is what it’s designed to achieve. According to DigitalCoinPrice its price prediction for 2022, the USDT price prediction for 2022 surprised many by seeing the price average of $1.30 all through the year, increasing from its $1 price at the time of the 14th of July. The prediction of the price of USDT for 2025 was along the exact same path, predicting the coin to rise up to an average of $1.92 the year. Gov Capital is offering an overall USDT price forecast of $2.558 for 19 August 2025.
Advantages:
Multiple blockchains support: Tether tokens are built on multiple blockchains–offering easy integration and adoption. The supported blockchains include Bitcoin (Omni and Liquid protocol), Ethereum, TRON, EOS, Algorand, Solana, OMG Network, and Bitcoin Cash (SLP).
Unparalleled liquidity: Tether tokens are some of the top tokens traded according to daily volume. They also provide unmatched liquidity.
Disadvantages:
Fewer pairs were available to trade: USDT cannot be directly exchanged for the majority of coins. It typically permits trading between 18 and 24 pairs. However, exchanges that involve greater than 150 dollars could not be enough.