Over the course of the past few years, the industry on cryptocurrency has seen a large increase. With a large amount of the public becoming increasingly unsure of the government role in their financials, the use of a decentralized currency is becoming more and more popular. Cryptocurrencies are becoming larger than ever and do not seem to be slowing down any time soon. Here are a few trends that investors should notice in the market as they research and invest in the crypto industry.
One of the largest trends is watching the new players in the market. With alternative coins like Ethereum growing exponentially, other altcoins are following suit. There are currently over 900 alternative cryptocurrencies in the market of digital currency and some of them are seeing rapid increases in price.
Another trend that is taking some by storm is the idea of government involvement. Governments are attempting to get involved in the market and push regulation for the various currencies in an attempt to control. While some investors see this as a positive, others are not happy about the increasing role of government in the market. Given that the foundation of cryptocurrency is the idea of decentralization, the idea that governments are attempting to come in and centralize it is not making investors happy. This may become a positive as time goes on if governments try to work with the cryptocurrency industry rather than try to shut it down for their own benefit.
One of the biggest selling points of cryptocurrency is that idea of decentralization. Because of this, there are no taxes, no declarations and so on. Money can be transferred between borders using a sophisticated method of networks across the world.
With the technology increasing on the daily, it is only a matter of time before cryptocurrency has a large amount of pull in the world financial market.