Cryptocurrencies market has been perhaps the fastest growing market in recent years, with bitcoin at the top considered the most profitable investment being the biggest marketcap cryptocurrency in history.
If we make an even more daring comparison against the main traditional currencies, we can observe that while One Kuwaiti Dinar (KWD) buys US $ 3.32, being the most expensive traditional currency on the planet (FIAT), One bitcoin (BTC) right now, after a big fall of almost 50% of its value, buys $ 11303.50 (Jan 29 2018, 10 am) having a total marketcap of $ 190,273,228,438 whereas Kuwait’s GDP is a round $ 110.5 billion.
Such huge growth in the value of bitcoin as a medium of exchange has been due to the benefits it offered. Decentralized, reliable and fast payments with minimum fees. But precisely because of its growth and acceptance, some of its virtues have become obstacles for its existence.
Read More: https://zycrypto.com/ethereum-might-become-next-crypto-king-eth-price-surpass-btc-price/
Topic: Ethereum Might Become the Next Crypto King as Analysts Predicts ETH price to sur (Read 125 times)
January 29, 2018, 11:53:22 AM
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