The cryptocurrency market is in constant and rapid development. Such volatility of the ratio of Bitcoin to other currencies makes it difficult for everyone to predict the next price of any cryptocurrency on the market. This article attempts to present the current state of the crypto market, its dynamics, and trends to provide the reader with some idea about the probable rate of new coins in the nearest future. The crypto industry is evolving at a very fast pace and it seems that there are no limits to this.
It is worth noting that on December 21, 2017, bitcoin exceeded its previous maximum records from 2013 by more than 10 times. Nowadays more and more people get interested in cryptocurrency which leads to decreasing demand for fiat money. The current system of fiat money relies heavily on central banks which makes it prone to instability. According to some experts, cryptocurrencies eventually may take over the role of traditional fiat money making central banks useless.
Why has the price of some altcoins (for example, Ripple) kept artificially low?
There are several reasons. For example, Ripple’s rate is kept low because such a level of stability is required for banks and other market players. Currently, the coin shows an upward trend and we can assume that this trend will continue in 2018. In 2018 you will be able to buy a few coins even cheaper than now.
Do you know of any coin that can reach $100 by the end of 2017?
Yes, we do. Swipe Coin has all the characteristics to go to $100, but at a lower price than the earlier predictions. Keep track of it and in the future, you can buy it even more cheaply. The cryptocurrency market is in constant and rapid development making it difficult for everyone to predict the next price of any cryptocurrency on the market. This article attempts to present the current state of the crypto market, its dynamics, and trends to provide you with some idea about the probable rate of new coins in the nearest future. Fiat money is a currency issued by the government and its quantity is controlled by such a government. Fiat money is backed only by the faith and credit of the government that issued it.
Cryptocurrencies have no such backing. The faith and credit of any cryptocurrency rest only in its technical features. In addition, fiat money comes into existence when a country’s central bank or monetary authority agrees to accept it as legal tender. No one decides whether to accept cryptocurrencies as legal tender, so they always exist without any backing. This is why they are called “virtual currencies.” Cryptocurrency, or digital currency, is a form of currency that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. A cryptocurrency has no physical manifestation and typically exists only as code on the internet. Bitcoin is the first decentralized cryptocurrency that was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was introduced as open-source software in 2009.
Then people started creating their cryptocurrencies to solve some real-life problems such as fast transaction time, privacy protection other than those guaranteed by bitcoin, and so on. When we talk about the market for cryptocurrencies, we mean the market where people buy and sell cryptocurrencies. This is a very new and developing market because there are no regulations in many countries yet. In early 2018, this article will especially focus on Ripple (XRP) because of its great price rise in 2017. The interest in Ripple is increasing day by day, so this coin has a chance to reach $100 by the end of 2018.
Conclusion
As we can see, Swipe Coin is one of the most popular coins on the market. It is a good opportunity for everyone to buy it for $0.07 per coin and sell it at $9 in 2018. The coin has nice potential, so don’t miss this chance. Important: This article was created based on our personal opinion and we only express opinions we believe are true.
