CryptoCurrency Entrepreneur

How many cryptocurrencies do we actually need? That is the key question. Since today there exist over 2000 cryptocurrencies, according to coinmarketcap data and the number only appears to be growing exponentially. This freedom implies choice. If you look at this chart from 2014, only Litecoin and Ripple from the altcoins have managed to remain in the top 10. The rest have either faded into obscurity or have become far less relevant today. The extant Crypto Winter has been the longest yet and many altcoins may not survive the ensuing bloodbath. While certain Altcoins have performed significantly better than Bitcoin when it comes to offering a return on investment. However, there are various factors to consider and if we look at some of the previous trends, some very popular altcoins from a few years ago are now entirely worthless. These are some key pointers when it comes to cryptocurrency trends that most blockchain enthusiasts and cryptocurrency evangelists must pay careful attent

The recent price crash of Bitcoin and an enormous amount of volatility in its trading price have given birth to a perception that Bitcoin is not only unstable but also unpredictable. Another drawback of Bitcoin that has drawn the attention of the crypto community is its inconsistent trading prices across cryptocurrency exchanges. This is precisely where the stablecoins have a pivotal role to play. Stablecoins are cryptocurrencies which aim to hold their value better than others in the crypto space, thus offering more stability to investors. Stablecoins have a unique characteristic of being redeemable for something else that is of tangible value, e.g; gold or regular fiat currencies such as US dollars. The underlying asset of stablecoins (i.e; the monetary value that the investors expect it to trade at) is normally deposited with a trusted bank. In case, people are confident about redeeming these coins in exchange for the said currency, and that the issuer has enough reserves for