Although the cryptocurrency market has corrected in 2018, everyone agrees that the best has yet to come. Many activities in the market have changed the tide for the better. Anyone who invests in crypto market can make millions out of it with proper analysis and the right dose of optimism. The cryptocurrency market is here for a long time to stay.
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Bitcoin is the market’s first cryptocurrency. It has the highest user number and value. It dominates the entire cryptocurrency system value chain. It’s not without problems, however. Its main bottleneck is that only 6 to 7 transactions per second can be handled. In comparison, average credit card transactions are several thousand per second. Apparently, the scaling of transactions could be improved. With the aid of peer-to-peer transaction networks above blockchain technology, the transaction volume can be increased per second.
While crypto coins have stable value on the market, new coins are created to serve a specific purpose. Coins like IOTA are intended to help exchange power currencies for the Internet of Things market. Some coins address cybersecurity by providing encrypted digital vaults to store the money.
New ICOs come up with innovative solutions that disrupt the current market and create a new transaction value. Their easy to use exchanges and reliable backend operations also gather authority on the market. Both technologically they innovate with regard to the use of specialized equipment for mining and on the financial market, by giving investors more freedom and options.
In the current scenario, the impact of cryptocurrencies on society and how its benefits can be generated for the community as a whole are examined by most governments. We can expect that the results of the studies may be reasonable.
Few governments, just like any other market, are already taking the path of legalizing and regulating crypto markets. This prevents ignorant retail investors from losing their money and protecting them against harm. Abling regulations boosting cryptocurrency growth should be introduced in 2018. This could pave the way for broad adoption in the future
In the crypto market, volatility comes hand in hand, but its most important property is decentralization. The crypto market is decentralized, which means that falling prices in one crypt does not necessarily mean downward trends for any other cryptograph. This gives us a chance in the form of so-called mutual funds. It is a concept for managing the cryptocurrency portfolio in which you invest. The idea is to spread your investments to several cryptocurrencies to reduce the risk if any crypt starts with a bear.
Similar is the concept of crypto market indices. Indices provide a standard reference point for the entire market. The idea is to select and distribute the investment among the top currencies on the market. These selected cryptocurrencies change if the index is dynamic and considers only the highest currencies. For instance, if a ‘X’ currency falls to 11th position in the crypto-market, the index with the top ten currencies will not now consider the currency ‘X’ instead of starting to consider the currency ‘Y’ where it took place. These Crypto indices have been tokenized by some providers such as cci30 and crypto20. Although this may look like a good idea for some, others are opposed because some preconditions to invest in these tokens are necessary, such as minimum investment. While others, like cryptoz, provide the methodology and the index value, together with the currency components, so that investors are free to invest the amount they wish to and choose not to invest into a cryptograph that is another part of an index. Indexes therefore allow you to further smooth out the volatility and reduce the risk.