Posted   |     |   thehodllife

Decoin: The Cryptocurrency Market Conqueror

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The Cryptocurrency world is full of ups and downs, highs and lows and surprises. If you consider the whole cryptocurrency market, you’ll notice a variety of different aspects at play:- coins; privacy, security, speed, doge, smart contracts, consensus mechanisms, tokens; utility, asset-backed and much more. Investing in cryptocurrency could be a good investment. The current total market capitalisation from April 29, 2013 to May 14, 2018 is $390,052,882,169 as shown in below figure.

When something totally new is developed, it draws attention and attraction. After the first wave of amazement and intrigue has settled, people start to consider how to make this innovation or invention valuable and usable in regular day to day existence. Few people contradict it urgently calling attention to weaknesses of the development and demanding all around that they needn’t bother with it, they as of now have everything that fulfills their necessities. For many people, changing to something new might be intolerable test, and they want to keep utilizing out of date items as opposed to getting a charge out of new conceivable outcomes that accompanies developments. This is what is happening right now in cryptocurrency market.

Many organizations have just made their own cryptocurrencies:

  • February 2018, Venezuela launched the primary state-made digital money. In 2013 Mastercoin (now called Omnilayer) became the first ever project to ICO, raising $500K
  • In 2014 a new Cryptocurrency and framework, Ethereum, was created. This new framework enabled others to easily and quickly deploy new Cryptocurrencies
  • 2016 saw 45 ICO’s that raised over $95M
  • In 2017 211 ICO’s raised $3.8 Billion.
  • Bitcoin was the second biggest global news stories of 2017 (Google searches). To date, 2018 has seen 42 ICO’s, with hundreds in the pipeline and expected to trade within a few months.

Why cryptocurrency market went down?

The price of cryptocurrencies fluctuate, that is simply the nature of new technologies built on Proof-Of-Work. We saw the entire crypto market, reach all time highs in the month of December and…

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