CRYPTOCURRENCY MARKET SO FAR

supzeel (38)in #btc • 6 years ago (edited)

The cryptocurrency market in the world has enjoyed a significant rise in market capitalization as it has continued to gain positive growth since 2013. In 2017, Bitcoin gained more popularity when it sold for $1,000 thus making history as the first cryptocurrency to achieve this feat. Achieving this feat also made it a credible coin. The Bitcoin will later attain a much awesome feat by selling for an unbeatable record $20,000 in December 2017. Other coins have also done well in the crypto market as the Bitcoin price also influenced other coins to do well in the market.
All this helped the market capitalization of asset backed cryptocurrency to also grow. Market cap grew to $118 billion in January 2017.
Cryptocurrency keeps on gaining acceptance every day as notable financial institutions are now accepting it as a means of transacting business and payment for goods and services. Others have also used it as a means of storing values.
However we’ll not forget to discuss about the downside the cryptocurrency has also experienced in trying to gain popularity and acceptance globally. One of the main problem is the rise and drop in prices of cryptocurrency.

SURGE AND DROPS

One of the main reasons why cryptocurrency has not gain general global acceptance as predicted, is it’s unstable price in the financial market. For example in 2017, Bitcoin started it high journey in January to sell at $1,000 and later went on to sell at $20,000 in December 2017. But this won’t be for long as it fell back 50% in price and market capitalization in early 2018. This also proved to be a barrier to investors intending to buy into the cryptocurrency market. It has been proven that the surge and drop in price of Bitcoin tends to affect the price of other cryptocurrencies. Some other factors that affect the rise and drop in the price if digital coins include; influence of exchange platforms, malicious attacks on computers and technological failures.
Though being able to prove itself as a digital currency that has come to stay but its unpredictable price can stop potential investors. It’s everly fluctuating price is one of the hinderance. The cryptocurrency market unlike the FX market has no means whereby investors are constantly informed about the future of cryptocurrency prices.

XCHANGERATE ROBOT

The XchangeRate platform is an arm of the ThinkAI. Inc company. The XchangeRate is a data driven robot. Though a web application, but it’s also programmed to work well on mobile devices. XchangeRate robot (XRR) data analysis for users and investors of cryptocurrency.
XchangeRate robot will be able to gather data across multiple trade platforms and put in into use to influence decisions on buying and selling for traders on the XchangeRate platform. The XchangeRate robot is also built on algorithm that read altitudes coupled with an oscillator called Relative Strength Index (RSI).
Also the XchangeRate robot consists of a console called Coin Monitoring Board (CMB) that reads data from all the trade platform and presents it to the reader which in turn, helps ease decision making for the traders.

WHY XRR?

The XchangeRate robot helps the trader reduces the stress of reading through numerous graphs and charts with a user friendly interface that interprets data easily. The XRR also boasts of a decentralized mode of operation with it’s ability to read data interpretation and also able to read the future of cryptocurrency prices.

XCHANGERATE TOKEN

The XXR has built a business model that is tokenized and incentive based. XchangeRate charges some fee for its subscription for subscribers using XchangeRate token. The XRR coin will be used as the only internal coin to be used as an exchange for value.
In conclusion the XchangeRate robot and it’s CMB is also looking to extend it’s touch in to other trade sectors such as oil, stocks, Forex and gold.

TOKEN INFORMATION

Ticker: XRR
Platform: Ethereum
Token Type: ERC20
Available for sale: 200,000,000 XRR (80 %)
Financial
Pre-sale Price : 1 ETH = 20,000 XRR
ICO Price: 0.1 ETH = 1000 XRR
Soft cap: 2000 ETH
Hard cap: 16000 ETH