Currencies A rebound in the value of the major currencies was represented by the rise of Betquin, Atherom and Cardano

With the exception of the ruble, which has shown poor performance over the past few weeks, the major currency currencies in the market, including Betcuen, Atherom and Cardano, have risen in value. In the last 24 hours, the price of Betcairn has increased by 8%, the value of ether has increased by 10% and Cardano has increased by 15%. While the three currencies have fallen by a small margin in the last three hours, they still record relatively large daily gains.

Popular Bitquin

During the major correction in early January, most digital currencies fell by more than 50% of their highest value, but on the other hand, the popularity of the betcuene increased. Where investors took the digital currency with the lowest fluctuations in prices. At that time, the Betquin dominance index rose to 38% as the currency recovered from its lows after a 32% drop. Over the past week, the Betquin dominance index has fallen from 38% to 34%, with the volume of daily Betquin transactions down to more than half, from $ 490,000 to $ 242,000.

The decline in the daily turnover of the Betcone has also removed the burden of "Mempool" - the place where transactions are stored after verification, resulting in a significant reduction in fees. While the widely used Bitquin wallets, such as buccaneers, charge a fee of about 50 satoshi per pound, equivalent to $ 0.5 for medium-sized trading. This reduction in fees has contributed to an increase in the accessibility of ordinary users to Bitquin, particularly for users who use Bitquin for small payments. It is clear that the recent decline in the Betcoin transaction fee was due to lower daily volume rather than specific buy or sell orders, as major companies have not yet implemented the SegWit upgrade or transaction consolidation techniques. As such, when the price of the Betcairn rises again, its daily volume will increase, so the fees will rise again. In addition, the high fee of the Betquin will limit the ability of newcomers to ordinary users to trade smoothly and settle payments.

The rise in fees is likely to affect the price of the Betcoin in the short term, if the market recovers again. There is also an urgent need to find innovative solutions to reduce purchase and sale orders, as well as the rapid application of the "SegWit" update by the Bitquin companies to ensure the return of the Petcquin to previous levels.

Currency Cardano - ADA

The demand for Cardano, symbolized by ADA in Japan and South Korea, is growing rapidly in the Asian market. Many investors see Cardano as a competitive currency for lithium, both of which operate as a protocol for smart contracts. The fundamental difference between Cardano and Atherom is that Cardano uses the proof-of-stake algorithm to prove ownership of a certain value in digital currencies.

Because Cardano's currency is frequently traded on the digital currency platforms of South Korea and Japan, the recovery of both markets could lead to an appreciation of the currency. On January 30, South Korean markets continue to resume new account entries from South Korean trading platforms. As more new users join the market, digital currency rates such as Cardano, Qtum and EOS, which have a strong base of followers in Asia, are expected to increase.

It is also possible that the major currencies will recover before the other alternative currencies on the market in the short term. Brian Kelly, director of the digital currency hedge fund "BKCM" and trader, a major contributor to CNBC, pointed out that investments from institutional retailers are growing at a rapid pace, and these investors are unlikely to target alternative currencies due to lack of market value and liquidity.