Cryptocurrency has been around for more than ten years. At first, people were uncertain about it, but after several years, it has become popular that many analysts say that it is going to be the currency in the future. There are thousands of crypto coins and tokens in the market right now, but what is the master token crypto?
One of the most popular cryptocurrency these days, Bitcoin was launched in January 2009 by Satoshi Nakamoto. More than ten years later, there are just over 18 million Bitcoins in circulation. These were all initially mined by individuals and companies who took chances and grabbed the opportunity. Bitcoin continues to be the best and first in cryptocurrency in terms of capitalization, user base, and popularity. Until now, the value of Bitcoin and other successful crypto coins and tokens is increasing significantly.
What Is Next For The Master Token Crypto?
Cryptocurrency could have three waves: overcoming new challenges in buying and selling, better products for the crypto world, and broad adoption.
Overcoming new difficulties in buying and selling tokens is going to be the first wave. These days, most crypto exchanges limit Americans and people, in general, to access them due to the new federal regulations. Exchanges will have to balance two opposing forces. First is the need to make money and attract customers. Second, the need to avoid regulatory issues and problems with the SEC. If exchanges decide to play safe by only listing a handful of cryptos, it will be difficult for them to attract new customers. If they list questionable crypto, it will certainly attract new customers, but they could get in trouble with the SEC in return. This is why many popular crypto exchanges prefer to limit the cryptos they offer to maintain a balance between risks and rewards.
However, the good thing is that Bitcoin will most likely be king as it is the oldest and the original crypto. It is not in jeopardy of being removed from crypto exchanges. Bitcoin, as cryptocurrency, is considered as buy and hold forever as there will be some macro times that one can take advantage of price irrationalities. It can go low as one dollar the next day and go up to a hundred thousand dollars next. As a trader, you can buy the coin when the price becomes low and sell a few if it gets high and buy it back later.
The second wave is better products for the crypto world, such as social media, storing things, or tokenizing real-world assets. It could be anything, from products for mundane activities such as streamlining transactions. Keeping records or improving databases to something irresistible like an application or a service can be easily accessed anytime, anywhere.
The last wave would be broad adoption. This is when real participants understand and realize that crypto tokens solve real problems.
Get Rich With Bitcoin
For some time, getting outrageously wealthy seemed easy with cryptocurrency. Indeed, the two years, 2017 and 2018 extremes did not last. However, some cryptocurrencies are some of today’s most valuable companies.
What is the master token crypto be like then in the future? Well, the volatility of cryptocurrencies is high. The market needs to pass the $1 trillion mark in the market cap before the volatility gets lower. Right now, the market cap is around 200 billion US dollars. Once the crypto market surpasses the $1 trillion mark, that will be the time when people will start to think of it as growing into its next phase.
The Top Five Cryptocurrencies Based On Market Cap
2017 and 2018 were the best years of cryptocurrencies. Certain digital currencies skyrocketed in terms of value, interest, and number in just a few months, which plummeted again before leveling off. Every week, new digital currencies are being created and launched. There is also a hoard of blockchain startups that followed their footsteps, usually bolstered by major fundraising efforts through ICOs. Here are the top five of the largest digital currencies as of July 2018. These currencies should reflect on what is the master token crypto-list.
- Bitcoin (BTC)
This is the original cryptocurrency and the world’s top digital currency with more than $125 billion and a price coin of more than $7,305 as of June 2018.
- Ethereum (ETH)
This cryptocurrency prompted the rise of the initial coin offering or ICO. Ethereum comes second in the list of cryptocurrencies by market cap with around $50 billion and a trading price per token of about $500. There are just a little over 100.7 million Ethereum tokens in circulation as of June 2018.
- Ripple (XRP)
The total market capitalization of this crypto money is more than $19.8 billion. However, unlike the first two digital currencies, XRP’s token price is minimal, with only a little over 50 cents per token. The total number of this currency in circulation is relatively high – over 39 billion tokens. When researching what is the master token crypto, Ripple is in the list.
- Bitcoin Cash (BCH)
This cryptocurrency is Bitcoin’s spin-off, which was launched as a result of a hard fork. Bitcoin Cash’s total market cap is approximately $14.5 billion, and with a market price of $843 per coin. BCH has a total circulation of over 17.2 million Bitcoin Cash.
The fifth on the list is EOS. It has a market cap of $7.83 billion and a total of more than 896 million tokens in circulation.
Understanding cryptocurrency can be an essential thing in the future as many speculate that it will be the next currency. Knowing what is the master token crypto could be vital now since many are already investing and trading in the crypto market. Know more about cryptocurrencies here!