Cryptocurrency Market and Trends
Most active cryptocurrency in the recent past and for a while now is bitcoin with a market price 48,554.0078 and a market cap of 908.41, while circulating at a supply of18, 897,781. The bitcoin dominance is at a 40.24%.
Ethereum follows next at a price of 4,037, 472.32B as the market cap and 118,691,142 circulating supply. The Binance coin has recorded a -1.20% off its price of546.5194 and circulating at 166,801.48 with a 2.21 B volume others that follow in the lineup are Tether, Solana, Cardano, USD Coin and Ripple, the later which has been seen at a market price of 0.8370 with a 3.34% and a very high circulation supply of47,247,295,769.
The worldwide cryptocurrency market has experienced a downward shift as the market cap records a 3.40%decrease in the recent past. The total market volume, stands at $105.34 billion.
These are among the trending rates amidst outcry from the Indian government to ban all cryptocurrency related businesses, transactions, trade and activities that relate to cryptocurrency following worries that India's Central Bank may lose control over management of inflation.
Push from different quarters to have cryptocurrency considered with special interest still stand. This means that there should be existing regulations that govern and protect crypto operations.
Cryptocurrency Trends into 2022
Amongst the many trends that we have noted in our life time, perhaps the origin and evolution of the cryptocurrency market is one of the most notable trends we have witnessed in the years before.
This trend can only be said to metamorphose into something bigger yet. Looking into the oncoming years, most industries would benefit some and then more if they looked into adapting the blockchain technology in their day to day operations.
So far, it can authoritatively be said that the blockchain technology has revolutionized the way individuals look at cryptocurrency trade, which is evident from the uptake of online based cryptocurrency trade via platforms such as bitcoin profit.
In bitcoin profit you are offered the fastest and easiest ways to earn profits from trade, being a platform that applies A to ensure consistent results. It is of importance to perform due diligence as a potential trader so that you only indulge in trade via verified platforms. Usually the longer a platform has been in existence, the higher the chances that it is an authentic one.
Another notable trend is that more nations have been witnessed to incorporate bitcoin trends in their undertakings. El Savador set the record straight in September 2021 by accepting an incorporating cryptocurrency as a legal tender. It is only logical to say that such a trend can only influence more countries to consider following suit sine this automatically creates what is referred to as the domino effect.
Next trend to look at is how other non crypto related sectors may want to uptake the uses of the blockchain technology. Key industries to watch out for would include those in the food chain and supply management, logistics and even the insurance industry.
Given a chance, the traditional exchange model that involves money may also incorporate the use of cryptocurrency and its trade. This is especially so because, some financial institutions have already been witnessed to invest in the cryptocurrency arena.
City a.m states that 2021 has been great for cryptocurrency in term of regulators creating clear legislation around the industry. It further states that more jurisdictions are expected to be seen on crypto regulation, a step that allows for a safer model to innovate and create new product and service. It will also assist the firms to make risk aversion strategies that best suit and protects consumers as well as create a safe environment to work under.