Zooming in on Ratecoin (XRA.CR), we note that the crypto has recently touched $0.0005 on traded volume of 8 for the day.
Investors may be wondering to what extent, if at all, they should be focusing on cryptocurrencies. The crypto phenomenon has picked up steam over the past six months, and even those who thought the craze would pass, are now most likely paying closer attention. Because the space is still relatively new, seasoned professionals may be putting in overtime to try and decipher the crypto market. As the bigger players start to become more involved in the space, it should be highly interesting to see what shape the market takes as a result. As we move farther into 2018, investors may be starting to track daily movements in the cryptocurrency market. Although Bitcoin is still the most talked about crypto, there are others trying to make a name as well. Last year, the dramatic rise in the value of Bitcoin turned a lot of heads. Even though the value has declined recently, there are those who believe that the cryptocurrency is going to hit even greater levels in the coming years. Of course, there are also those who think that Bitcoin will eventually be worthless. Any way it gets sliced, it is hard to deny the popularity and attention that the crypto space has seen in the last few months.
When taking a look at traditional stock markets, a central authority primarily has control over the network. With decentralized technology such as blockchain, networks have the ability to be changed to open markets. Bitcoin was the first blockchain, with the main use being peer-to-peer exchange of digital currency. As the technology continues to adapt and evolve, investors and consumers will be tracking the impact that they continue to have on other industries. In the coming months, investors may have to figure out the best way to play the cryptocurrency market to their advantage.