Technical analysis by Jin_777 about Symbol USDT on 7/13/2023

TEST In this analysis, we're calculating the historical volatility of USDT against USD. This is a measure of how much the price of USDT has fluctuated relative to USD over a specific period of time. The data we're using for this calculation comes from Coinbase, one of the largest cryptocurrency exchanges in the world. We've chosen Coinbase because it provides reliable and accurate data for a wide range of cryptocurrencies, including USDT. The calculation method we're using is: (USDT/USD - 1) * 100. Here's what each part of this formula means: USDT/USD: This is the price of USDT in terms of USD at a specific point in time. For example, if 1 USDT is worth 1.01 USD, then USDT/USD would be 1.01. USDT/USD - 1: This part of the formula calculates the change in the price of USDT relative to USD. If the price hasn't changed, the result will be 0. If the price has increased, the result will be a positive number. If the price has decreased, the result will be a negative number. (USDT/USD - 1) * 100: This part of the formula converts the change in price into a percentage. This makes it easier to compare the volatility of different assets. By calculating this value for each point in time and then analyzing the results, we can get a sense of how volatile USDT has been relative to USD. This can be useful for traders and investors who want to understand the risk associated with holding USDT.