Cryptocurrency Market, a place where you can state whether your coin experience plunging or preferment about the price. Nowadays people get excited about this innovation in the economic and financial sector. The coming of blockchain enhances a secure transaction, payment, banking, and more using cryptocurrency. Cryptocurrency is a digital asset which is managed decentralized by an internet protocol of peer-to-peer.
One of the advantage, why people should invest using cryptocurrency, is the high volatility of this digital asset ensures quick cash and ready to use whenever. There will be no bank can interfere this currency because it grows without any influence from international currency such as the dollar and asset like gold. In spite of the cryptocurrency law which is based on each country, the popularity of crypto increases into the higher level.
Unlike other currency, this digital currency allows people to have the huge asset and manage it freely. Besides that, the prices of the cryptocurrencies are affected by supply and demand of the crypto in the world. So it depends on the miner who mines using expensive hardware and software to get one coin in a certain time.
Now, there are so many cryptocurrencies created using blockchain technology, an incredible technology for world’s future. These coins have the different way in function but not that so different. If you are a trader, you should know some of these cryptos such as Bitcoin, the forefather of all cryptocurrency in the world, Ethereum, and Lite Coin. Also, the new one which has stable currency level, Ripple, Stellar Lumens, Dash, and many more.
Here, some cryptocurrency is being explained about what and how it is and the market of each cryptocurrency. Especially for the top 5 of Cryptocurrency in the world.
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| Cryptocurrency Markets: Theory and Trends |
Theory of Cryptocurrency Markets
Here are the theories explain how the market of cryptocurrency can hold out. The regulator of utilizing cryptocurrency will be managed firmly by the government. There is the rumour in some countries about the prohibition of cryptocurrency utilizing. China has been prohibiting the mining of bitcoin and also north Korea prohibited the trade of it.
What happened to North Korea and China actually give some effect to the investor. The worst thing is volume decreasing in only a few days. Besides that, the futures of bitcoin theory affect the stability of market despite many predictions which show the good news of increasing level.
The Cryptocurrency Markets of Top 5 Digital Coin
5 Top cryptocurrencies are Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Lite Coin. Actually, people can do online transaction faster and more secured using this coins. The transactions are done in marketplaces such as Bitcoin VIP, coin base, olymptrade, and many more.
In each marketplace, people can sell or buy the crypto asset. The price of each crypto is presented and shown in USD or BTC (bitcoin). They can switch from one crypto to other to see the prices. Besides that, there are also analytical graph show prices from time to time so people can track the historical price of certain cryptocurrency. The data shown are in real time and fast so people should follow the trends all the time.
Here of the top 5 of cryptocurrency used by the investor in transaction and investment.
1. Bitcoin
This is the forefather of all cryptocurrency in the world. In most of marketplaces, bitcoin has its market which can show other cryptocurrency prices in BTC. So people should buy certain coin using BTC. In other words, the trend of BTC can affect the whole prices of Cryptocurrencies.
2. Ethereum
The next top five of cryptocurrency is Ethereum, the well know crypto that has the consistent and stable price. The plunging is not so deep like Bitcoin and others. The market for this coin shows its price reach the high level of price in last December 2017.
3. Ripple
This coin was created by Ripple Labs in 2012. This crypto was adopted blockchain technology used in any transaction based on internet protocol. The system is secure from hacking and pishing.
4. Bitcoin Cash
Bitcoin cash is a new crypto launched in August 2017. It came from the hard work of bitcoin. This stable cryptocurrency is available in many cryptocurrency markets place and becomes a new popular asset.
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