Crypto market players may be keeping an eye on the current market landscape and wondering which way momentum is turning. Looking at IOTA (IOT.CR), we have seen the crypto recently reach $0.5479 on traded volume of 12407390.
Cryptocurrencies have become a hot conversation topic as of late. There are many supporters who think that everybody needs to get on board, and many detractors who are warning that the entire space is a bubble. Only time will tell what’s in store for the future of cryptocurrencies, but until then, there will be no shortage of opinions. Although there are many pros and cons of long-term cryptocurrency adoption, the underlying blockchain technology is most likely here to stay. From an outside perspective, it is easy to see the technology as a potential revolutionary force. However, there are still plenty of concerns about the functionality of digital currency and the aspect of long-term viability.
Many investors are likely asking themselves the question, what impact will cryptocurrencies have in the long run? With the current state of the crypto market, it may be difficult to answer. Some proponents are comparing cryptocurrencies and blockchain to the revolution of the public Internet in the 1990’s. Obviously, there have been plenty of issues with full scale adoption of the internet along the way, but it is hard to argue that it has not completely transformed the world. If this new technology indeed becomes a transformative game changer, we could possibly see growth of unrivaled proportions. Investors may be conducting research to help better understand the current cryptocurrency market. With the technology still fairly new, this can be tricky. Unlike other investments that have been around forever, cryptocurrencies do not have a wealth of historical data to study. Technology has always found some way or another to disrupt standard business practices. The widespread adoption of the Internet has shown just how useful peer-to-peer interaction and communication has been when conducting business. Even though there could be a long ways to go, cryptocurrencies may have the potential to transform business across all types of industry.