Crypto investors following BCN Bytecoin (BCN) may be looking at the most recent market activity. The cryptocurrency has a current market capitalization of 1,085,856,742.000 and has been seen trading near the $0.0059 mark. In terms of circulating supply, the value is presently 183,890,481,254.00. Volume over the past 24 hours has been recorded at 10,383,700.000. Looking at some historical price information, we note that BCN Bytecoin (BCN) has seen a change of -0.99% over the last 24 hours, and a change of 1.60% over the past 7 days.
Not only have Bitcoin and other cryptocurrencies been thrust into the spotlight, but so has the underlying blockchain technology. The pioneering technology depends on a continuously updating public ledger that records transactions. Blockchain allows for the processing of transactions without a third-party intermediary. Using this technology for peer to peer transactions lets the buyer and seller conduct business without the need of a payment processing company or a bank. Although there are many pros and cons associated, it is hard to deny that the technology has the potential to be an absolute game changer.
As the cryptocurrency market expands, investors have plenty of options to choose from. Most individuals will be familiar with popular names such as Bitcoin, Ethereum and Ripple, but there are plenty of other options out there. Because of the many unknowns and high volatility surrounding cryptocurrencies, investors may want to take a step back to study some trends. The frenzy that has ensued over the past few months surrounding the popularity of cryptocurrencies has no doubt raised many eyebrows around the world. The sudden surge has many investors scrambling for information, and there are many supporters and detractors that have opined on the subject. Nobody can say for sure what the future holds for virtual currency, but it will undoubtedly be interesting to see how the markets behave over the next few months.
Interested investors may be wondering if they should be setting aside a portion of the portfolio to incorporate cryptocurrency. This is a hotly debated topic right now, and there doesn’t seem to be a clear-cut answer. Like any investment, proceeding with caution is typically a good idea. Many investors will have to put in a lot of extra study time in order to determine how digital currency functions and the potential for growth in the long-term. Without the proper education, many investors may be tempted to get into crypto trades that may seem too good to be true.