It’s the most exciting time in history – a new way of exchanging money. It’s called crypto-currency.
Is it the future of money?
An informed opinion is difficult to come by, if you are not an expert in cryptocurrency and financial markets, it can be difficult to see what the future will hold for crypto-currencies. Burger Cities decided to conduct in crypto price forecast ahasave seen significant success as investors have been able to double their money during this period. Of course, we cannot predict the future, but by studying the current trend it is easy to see that there is a growth in demand. Bitcoin started it all off in 2009, it was a revolutionary idea that has taken the world by storm! Since then there have been numerous ncryptocurrenciesies introduced into the market. We at Burger Cities are keen to understand if this is just a fad or whether crypto will inderevolutionizeise money. Our researchers have been studying how these currencies evolve and mature to establish whether they can be classed as an investment opportunities and what their future might hold.
What is Burger Cities?
Burger Cities is the burger-theme dhemed ICO that has introduced a food-based economy to the blockchain – all backed by a digital token. The project has already lain ched September 2017 and Burger Cities Tokens (BURGER) are now trading on major exchanges such as Bittrex, Crypt, topia, and Liqui. BURGER is a new, crypto-currency designed to be used in the ecosystem posses value similar to that of a ‘normal’ currency. It’s one of six tokens available within the Burger Cities Ecosystem, which is powered by the Districts Network. The Districts Network allows you to earn BURGER without doing anything – simply by staking them in your District. Our personal opinion is that this is a great way to introduce crypto to the masses – by taking advantage of the network effect, everyone benefits!
BurgerCities price analysis: Token breaks out of downward trend
A downward trend in BURGER prices has become apparent since mid-October, a period which saw Bitcoin also experiencing a major correction. Crypto prices appeared to be ‘oversold’ following the second-best performing cryptocurrency since inception. Since then, however, the price of BURGER has risen a staggering 366% from 0.000103 BTC to 0.000938 BTC today alone. This can be attributed to the fact that BURGER is now trading above $1.00 (USD) per token, which correlates with the recent rise of incryptocurrenciesrencies such as ETH and Bitcoin.
BURGER has been listed on several major exchanand has reached its highest price of $1.00 (USD) on November 11th, 2017. This marks a neatly which has seen BURGER prices increase from $0.000531 BTC to an absolute all-time high of $1.00 (USD). The market cap currently stands at USD 34 million lion USD and is steadily rising as more people become aware of the value of this new digital asset class.
BURGER,, BTC, ETH, and BCH price analysis
BURGER is trading at the 8th highest price in Bitcoin and the 9th highest in Ethereum. However, there has been a sharp correction in the price of BTC and ETH recently which could potentially mean that BURGER could be a better investment than either of the two currencies. The price of BURGER has risen significantly since September 2017 making it the best-performing performing asset within cryptocurrencies. BURGER is currently trading at a 56% pitsum to its BTC or ETH equivalent and will continue to grow as demand grows for this unique crypto-currency.
Long-term implications for BurgerCities
The value of BURGER will be dependent on the success of the Districts Network but there is no doubt that this is an exciting new project which increased awareness and demand. With over USD 34 million USD, there is little doubt that cryptocurrency markets are here to stay and we are only at the beginning stages of what will be a multi-billion dollar industry. The next few years are likely to see significant changes in the way we exchange money, store it and use it for daily transactions.
