Arts & Entertainment | By: Daniel Kamesh (07-Feb-2019 07:04) Views: 3 Altcoin dynamics The cryptocurrency market has always been about the survival of the fittest. Bitcoin has stood the test of time. If we look at some of the top altcoins from 2014 then most have failed to maintain their position. Some have faded into obscurity and few no longer exist. Many altcoins have strived to create a value proposition that is wholly unique and this has helped them get listed on many prominent cryptocurrency exchanges. However, Bitcoin’s lucre has been that it has always been wholly unique in its no nonsense approach. The recent lighting network upgrade also does away with several problems that Bitcoin is facing.
Apparently, history may repeat itself and many altcoins may not survive the coinmarket bloodbath. As many start up coins are finding it increasingly difficult to gain access to capital due to a bearish market. Investors too are becoming sceptical about the fundamentals surrounding cryptocurrencies and blockchain technology.
There are several altcoins that promise the world but lack real world use cases. That is why only those altcoins that have real world use cases and access to funding like Tron and Ripple are likely to survive the rout. Perhaps the market will change for the better as it becomes more pragmatic without unnecessary speculation. This might help bring in a much needed stability to the world of crypto-assets as the period of disillusionment ends.
Designated survivor The wild fluctuations in the cryptocurrency market are nothing new and Bitcoin has survived for nearly a decade now. In contrast, most altcoins that tried to compete with Bitcoin have perished.
In crypto-terms, Bitcoin has survived for nearly forever and that is because it was designed to survive. Bitcoin’s intrinsic value proposition too is simple as it does not endeavour to espouse the complexity that most altcoins have.
The implementation of the lighting network shall also help solve many of Bitcoin’s perceived problems such as the low transaction per second speed. Bitcoin is presently hovering at the $3400 mark and despite the turbulent market conditions it shall always rise when people start to lose faith in FIAT currencies. Bitcoin has built a trust that other altcoins have not. It shall remain relevant for a few years at least. What we are witnessing now are merely FOMO driven dumps as speculators leave the market. Cryptocurrency enthusiasts will understand that only those coins that have a real world value proposition shall reach the top of the order.
For instance, WAVES and Tron have made significant jumps. The upcoming Ethereum hard-fork too shall test the market thoroughly and this is merely evolution. As newer technologies like the internet of things take shape, the value proposition of digital decentralized shall acquire a shimmering crescendo. About the Author Daniel Kamesh Crowdfunding can also High Performance Selling Review be done in order to give back something to one’s community and the beauty of this mode of payment is that it allows donations to be made smoothly. Thanks to the efforts of people like Suarez a number of needy entities in Australia have got money for crucial purposes. For example a couple of primary schools in the country have received money for their solar panels. It also helps that this helps people acquire some social standing because of how charitable they have been with their money. Giving back to one’s immediate community is something very good and Suarez has helped many realize that as well.
It is possible that the Cryptocurrency fever ends up marking a before and after in the digital world. Bitcoin has multiplied its value by x4 and this has opened a new digital landscape for all users where digital currencies are taking on tremendous importance in terms of investment and technological development. This fact deserves to be commented because I believe that it can define a new era on the Internet. One was that until now, we only knew that it was going to focus on what we call “the Internet of things”.
The arrival of Bitcoin in 2009 was a technological and economic advance that laid the foundations of what we know today as the cryptocurrency market. This term that now becomes so fashionable defines a new totally digital economy with very different paradigms to the “real” economy and that invites to debate if they are future projects or only speculative products or without real utility. https://criptomonde.
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