Cryptocurrencies Rocket To New Heights, What Does 2018 Hold?

2017 became known as the year where Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term went stratospheric as prices hit new highs ahead of its entrance into the new year. The price that Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term had originally started at in January, valued at less than $1,000, has now soared above $14,000 per coin.

Back in 2011, the digital currency was worth less than a dollar with many of its backers investing in a new global monetary platform. In a frenzy, prices have taken off with mainstream investors entering the foray looking to cash in on the opportunity as cryptocurrency trading gains more traction worldwide.

Regulatory changes spurring crypto boom

In an encore performance of 2016. bitcoin has outperformed all the reserve currencies in the global market once again, recording a staggering 2,011 percent increase in value.

Throughout the year, buyers have mostly been new traders catching the crypto-bug and the “fear of missing out” on potential growths. Especially in Japan and South Korea, where recent regulatory changes have made it easier than ever before to trade Bitcoin.

The future looks promising as not only Bitcoin, but all cryptocurrency portfolios across the realm have greatly appreciated this year. Ethereum (ETH), currently valued at over $750, has rocked a 9,000 percent increase and Litecoin (LTC), currently worth $280, has also appreciated 4,400 percent, both representing the trend of what’s happening across the board.

What does the future hold?

Cryptocurrency is here to stay as rest of the world rushes to match supply to demand, with financial institutes like Goldman Sachs jumping in line to unveil new products for consumers. Brokerages who wish to expand their product offerings to their clients can consult with fintech solutions experts such as Broctagon Fintech Group and capitalize on the market trend today.

Broctagon, the fintech specialist, is expanding into the Southeast Asian markets, offering new and exciting cryptocurrency products as well as the ability to benefit from 1:5 leveraged crypto-trading.