The cryptocurrency market remains volatile, but Nexo and Audius can offer potential
The cryptocurrency market remains volatile, but Nexo and Audius can offer potential
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- The market capitalization of the investment class is $ 2 trillion $
- The number of tokens continues to increase
- Sin -nine tokens are located in the club of $ 1 billion and more
- nexo is number 97
- The market capitalization of Audius is 105
ns position
The investment class cryptocurrency reflects the development that takes place when the technology drives finance into the future. Cryptocurrencies, digital currencies and stable coins are revolutionary because they increase the transaction speed and enable efficient recording. They act apart from governments, central banks and currency authorities and give the individual back control of the money supply.
Since the investment class has experienced an explosive growth that started with a seed in 2010 to over $ 2 trillion, it remains small compared to other markets. Apple's market capitalization (NASDAQ :) is over 2.5 trillion $, which makes digital currencies a secondary location. However, it attracts more attention from day to day. Traders and investors flock to bull markets. The potential to make a fortune with a small investment is a magnetic force.
In April and May, the leading cryptocurrencies reached record highs before halved by the end of June. While the prices are recovering, the investment class cryptocurrency is back in the interest bullish spotlight, and many of the over 11,730 tokens are back in one elevator.
The market capitalization of the investment class is $ 2 trillion
It was a restless time on the cryptocurrency markets. At the end of last week, Ethereum's price exceeded the $ 4,000 mark for the first time since mid-May. After Ethereum had increased stairs since the end of June and had reached higher and higher lows and higher highs, Ethereum fell on Tuesday, September 7th, like a stone.
Source: Barchart
As the graphic emphasizes, the second cryptocurrency fell over 500 USD per token on September 7th.
On September 7, El Salvador Bitcoin officially recognized as his national currency. The price of the leading crypto crashed, after reaching a high of just over 52,900, the highest level since May 13th.
source; Balkend diagram
The chart shows that Bitcoin showed a declining reversal trade pattern on September 7 when it reached a new short-term high, reversed and acted under the deep of the previous day.
The overall market capitalization rose to over $ 2.2 trillion in the first week of September. On September 7th it was almost $ 2.069 trillion. The high volatility of the asset class creates a paradise of trade possibilities, but is a nightmare for investors.
The number of tokens continues to increase
While the overall market capitalization and the token values are still subject to massive price volatility, the number of tokens from which the asset class consists of continues to move in one direction, namely higher.
at the end of 2019 there were 4,986 cryptocurrencies, including Bitcoin and Ethereum, in the investment class. On December 31, 2020, the number was 8,153. On September 7, 11,732 tokens floated around the cyberspace. New tokens come onto the market every day. The steady growth of the components of the investment class offers market participants many options if they are looking for the next cryptocurrency that delivers Bitcoin or Ethereum's returns. The bull market for cryptocurrencies was simply incredible. Meanwhile, the bull market is unprecedented in the number of cryptos.
Newly ninety tokens are located in the club of $ 1 billion and more
Am 7. September hatten nur 91 Token oder 0,78 % der Kryptowährungs-Anlageklasse eine Marktkapitalisierung über der 1-Milliarde-Dollar-Marke. The number of tokens over $ 1 billion decreased when crypto prices took an elevator down on September 7th.
The incredible returns that Bitcoin, Ethereum and other tokens have achieved in recent years have triggered speculative frenzy. The growing number of market participants continues to throw money on a variety of tokens in search of the next explosive train that turns a small investment into a fortune.
The most important thing for investors is that they should be ready to lose the capital invested in cryptocurrencies, since the potential for massive financial profits is associated with the enormous risk of total loss. When trading in the aspiring asset class, the critical mass is a decisive factor. Only the tokens with sufficient market capitalization can offer dealers' liquidity in order to carry out purchase and sales orders. If the market takes the elevator higher or lower, as was the case on September 7, this liquidity tends to evaporate even for the most robust tokens.
nexo is number 97
nexo () was traded on the level of $ 1.64 with a market capitalization of $ 930.46 million, which corresponds to a value of 97
nexo is a cryptocurrency that drives the Nexo loan platform. Nexo has the coverage of the underlying assets of Nexo's loan portfolio. The Nexo protocol is an online platform that enables users to create immediate cryptocurrency-based loans by storing "big" crypto-assets in a nexo wallet.
On the Nexo website, it says that the protocol " unlock the power of your crypto ." Nexo is the embodiment of the crypto banking business, which offers interest on deposits and the possibility of lending cryptocurrencies. available as security. ”
Source: Coinmarketcap
The graphic shows that Nexo has only been under five cents per token since its introduction in mid -2018 and up to $ 3.90. When Bitcoin and Ethereum fell from their youngest highs at the end of last week, Nexo fell to the level of $ 1.64
The market capitalization of Audius is 105 ns position
audius () was traded on September 8 at $ 2.02 per token, with a market capitalization of just more than 823.74 million. Audio was the 105
Audius is a fully decentralized consumer blockchain app that enables artists to connect with fans to share exclusive monetized content. Audius claims to attract five million unique users every month. Audius plans to have royalties operated by fans, where users have the opportunity to give their favorite artists more token per stream. Audius is based on Ethereum and Blockchains and is operated by a community of token owners instead of a central unit.
audio is the native token of Audius. On the Audius website it says that the protocol enables people to discover and stream "