Watching today’s crypto trading action, we have seen DOGE Dogecoin (DOGE) recently hitting the $0.0032 mark. Looking at circulating supply levels, we see that the value is 114,824,223,899.000 with a market capitalization of 362,021,258.000. Watching some volume levels, we see that volume over the last 24 hours clocks in at 6,400,490.00. Tracking some historical price data for DOGE Dogecoin (DOGE), we see that the cryptocurrency has seen a move of -7.76%% over the past 24 hours, and a change of -12.14%% over the previous 7 days.
Over the past few months, the cryptocurrency market has become the talk of the investing community. While it remains to be seen what will eventually come from all the hype, investors may continue to survey the situation to make sure that they’re not left out in the cold. Even after all the publicity, investors still may not know what to make of cryptocurrency at this point in time. If they decide that the potential is too big to ignore, they may decide to get in on the action. Investors may need to figure out whether the risks will be worth the reward in the long run. Because the crypto phenomenon is still relatively new to many individuals, it may require a lot more study and examination to completely understand the space.
Investors may be taking a much closer look at the cryptocurrency markets as we move further into 2018. With the amount of crypto options increasing, it may be necessary for the investor to carefully study each currency before investing. Each cryptocurrency is essentially a system unto itself, and they operate with their own rules. Some crypto’s may offer slightly different functions such as faster transaction processing or better privacy. With the fast-growing crypto market garnering more and more attention, investors all over the world may be looking to add a slice to their portfolios. Nobody can say with complete certainty how the cryptocurrency boom will play out, but there will undoubtedly be many interested onlookers.
The relatively fast rise of Bitcoin and other cryptos have caused a flutter among institutions, investors, and financial firms. Pinpointing exactly why people have become caught up in the craze is not certain. Understanding the basics of Bitcoin and other cryptocurrencies may be difficult for the average investor. Some of the language used can be hard to follow when not familiar with the topic. Individuals may hear different terminology for cryptocurrency such as coins or digital currency. Many of these cryptos rely on blockchain technology, which is essentially a distributed ledger that is decentralized and records transactions that are typically unable to be modified. Many of the issued cryptocurrencies were created using open-source software, and they should continue to evolve as more and more developers take notice of the technology.