Crypto Watch: Anoncoin (ANC) Spotted at $1.58204
Following trading action on Anoncoin (ANC), we see that the currency has recently hit $1.58204. This represents a change from the prior day’s settlement price of -2.23%. The circulating supply levels are presently 2110317 3338606.
Recent volume has been recorded at 936.682.
About Anoncoin (ANC):Anoncoin (ANC) is a digital cryptocurrency, created in June 2013 as a fork of Bitcoin, with the focus on privacy and anonymity of its users. The software’s main feature is the built-in support for two decentralised networks (I2P Darknet and Tor), thanks to which it is impossible to determine the IP address of the user making a transaction. To enhance the user’s anonymity even further, the Anoncoin developers plan to implement a new feature called Zerocoin, which will allow users to make untraceable and unlinkable transactions. With I2P, Tor and Zerocoin, Anoncoin will provide one of the most anonymous cryptocurrencies on the market. As with most cryptocoins, the project’s computing network is maintained by miners, running the Anoncoin software, who generate new coins by processing transactions into blocks.
Many cryptocurrencies will face some major hurdles in the upcoming months.
There still seems to be a pervasive mindset of distrust among professionals and amateurs alike. High volatility and widespread value fluctuations can lead to second guessing among investors. Crypto market enthusiasts may see big potential, but others may be highly cautious. For the average investor, the degree of risk may be too high to comfortably risk hard earned capital. Investing in cryptocurrencies may involve a lot more research and examination. Crypto startups may be facing stiff competition as the market becomes more and more saturated.
Because digital currency is still relatively new and evolving, investors may not know the proper way to start evaluating crypto trades.
Even the most seasoned traders and investors may still not have all the answers. There are definitely many unknowns in the space. Knowing what cryptos are real and viable may not be easy to determine.
Crypto bulls may be out in force, but there is no way to tell how everything will shake out over the next year. Even though some cryptocurrencies may have a rocky road ahead, the underlying blockchain technology seems to be here to stay. The useful functionality of the blockchain technology is hard to deny. As more and more businesses start to adopt it, there is no telling just how transformative it will become.
Navigating the cryptocurrency market is no walk in the park. As the market becomes more defined, investors will have their work cut out for them.
Many investors will be pouring over the whitepapers for various coins. These are typically highly detailed proposals by the development team highlighting the functionality and purpose of the coin. Investors not familiar with all of the highly technical terminology may need to do a lot of extra homework. Understanding the overall objectives of the specific currency may be a good place to begin ones research. Investors may also want to do some detailed research on whether or not the project is funded by notable investors in order to help verify the coin’s credibility.