Home / Crypto Currency / The Potential of the Cryptocurrency Market – Why Giving into FOMO Isn’t a Bad Idea

The Potential of the Cryptocurrency Market – Why Giving into FOMO Isn’t a Bad Idea

In less than a month, Bitcoin will turn ten years old. Bitcoin, along with the cryptocurrency market has surpassed several milestones since Satoshi first released Bitcoin’s whitepaper to the public. There are now approximately 17 million bitcoins in circulation, as well as numerous other tokens available to trade and transact with – as of August 2018, more than 1600 cryptocurrencies are in circulation.

ICOs have also become an established fundraising method, with the first quarter of 2018 recording a historic high of $6.3 billion – around 118% of the total amount raised in 2017. The Crypto ATM market alone is expected to grow from $16.3 million in 2018 to $144.5 million by 2023, this lends credence to the idea that the way financial transactions are undertaken is bound to shift.

However, even though the industry as a whole has garnered considerable support, it remains fairly controversial. This is primarily due to the lack of governmental regulation, as well as the fear generated by fraudulent scams and illegitimate behavior.

We tend to forget that this is a normal process for every innovative revolution; in fact, the crypto market’s evolution is very similar to that of the Stock Exchange market circa late 19th and early 20th century. At the time, the financial boom occurred so fast that it took a while for proper regulation to catch up. It can be difficult to imagine a time when investment and stock trading markets didn’t exist in the form as we know it now, especially without the presence of institutions such as the SEC and FINRA who now set the rules that help to organize and regulate the sector.

Change is underway as more and more countries are embracing the industry and initiating conversations about future regulation. This holds huge promise for cryptocurrencies, as regulations are strongly linked to a wider acceptance of digital tokens.

At Blockchain.io, we believe that Crypto-Exchanges will lead the way in the new era of how value is traded. The Crypto market holds great potential when it comes to simplifying access to financial payment systems; as such, participation will not be determined by credit history, but by the willingness to access the technology itself. To facilitate ease of access into this new financial ecosystem, we have worked diligently to deliver a product that is intuitive and easy to use for traders, investors, and the everyday people.

We are mindful of the role that Europe can play in helping to develop this industry further. To transform Europe into a credible Crypto hub that can compete with Asia and the US, we need innovative projects that will deliver stellar products and value to advance the growth and innovation of this sector further. That is precisely what we aim to do with Blockchain.io, a new gateway into the era of the Internet of Value. Our goal is to become the leading Cryptocurrency Exchange platform in Europe by 2020 – to accomplish that, we are aware that we must actively build a flourishing community of Crypto-enthusiasts around the world.

We look forward to leading the crypto revolution alongside you. You can join us by participating in our public sale that opens on September 27th!

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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How Coil Could Impact XRP Price After Recent Pump

XRP holders have been incredibly excited as of late due to the cryptocurrency’s overwhelming performance over the past week, leading the crypto markets as it rose from $0.25 all the way up to nearly $0.80 before stabilizing at its current price of $0.45. XRP investors may now have another use-case to be excited about: Coil. Coil To Accept XRP Payments The reasons behind this meteoric rise have been somewhat unclear, but things like the upcoming Swell conference, hosted by Ripple, and the potential release of Ripple’s XRP based settlement system, xRapid, have been floated as reasons behind the price rise. In addition to being used for Ripple’s xRapid product, investors may be excited to hear that the upcoming launch of a new company, called Coil, may provide even more use-cases for the cryptocurrency. Coil is a recently founded company headed by a former Ripple executive, that allows the internet’s largest companies to effectively accept XRP as a form of payment, expanding its use from simply a settlement vehicle to an effective currency. Coil was launched earlier this year by Ripple’s former Chief Technology Officer, Stefan Thomas, with the goal of using micro-payments to fix the issues that currently exist with online advertisement placement. Coil currently has trial partnerships with sites like YouTube, Wikipedia, and Twitch. Thomas spoke about Coil’s mission, saying: “For decades, people have discussed the potential of micropayments to support content creators that would move us away from the broken ad-supported web… Others have created subscription services that bundle content. But micropayments and subscriptions have always been built as closed systems, which fail to capture the huge variety of content on the web.” Coil is a direct competitor with the Brave web browser, which utilizes BAT tokens in order to facilitate micro-payments for internet content. Coil is also similar in concept to ChangeTip, an internet tipping app that was popular on social media before it burned through its funding and closed its operations. Coil Could Affect XRP’s Price Because XRP’s recent price spike can be largely attributed to speculation regarding the xRapid being released during the Swell conference occurring in the coming weeks, it is clear that investors are looking to see just how practical XRP is as a cryptocurrency, with many detractors claiming that there simply aren’t enough use-cases that make it a better alternative to Bitcoin or other competing altcoins. That being said, investors may take note of the use of XRP for Coil’s upcoming launch, which could positively affect XRP’s price. Currently, one of the most popular and widespread methods for tipping influencers and content creators on Twitter and Reddit is through the XRP Tip Bot, which has facilitated over 55,000 XRP tips totaling at 72,684 XRP sent in total. Coil would take the concept of micro-payments using XRP to the next level, and, if successful, could prove that XRP is efficient for transferring both large and small quantities of value. Featured image from Shutterstock The post How Coil Could Impact XRP Price After Recent Pump appeared first on NewsBTC.

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