Tracking cryptocurrency market movement, we can see that VEN VeChain (VEN) has recently touched $2.4500. Following some historical information, we see that the cryptocurrency has changed -3.27%% over the last 24 hours, and moved -10.84%% over the last 7 days. Tracking circulating supply levels, we note that the current reading is 524,770,505 * with a market capitalization of 1,283,352,509.00. Looking at recent volume levels, we have seen volume over the last 24 hours of 50,716,400.
Although Bitcoin has dominated the crytpo space, there are plenty of alternatives looking to shake things up. Names like Ethereum, Ripple, Litecoin, and Gnosis have been attracting quite a bit of attention. It remains to be seen if any digital currency will ever come close to the popularity and market cap of Bitcoin. Many investors may be closely watching from the sidelines as the crypto markets continue to gather steam.
Because of the overwhelming nature and plethora of unknowns regarding cryptocurrency, investors may choose to wait until the markets become more stable before jumping into the ring. As the focus on Bitcoin and altcoins sharpens, investors may be looking for much more information before taking any big risks.
Deciding which cryptocurrencies to invest in is no easy task. No one can say for sure which new ones will take off, or which ones will even exist in a year. Because of lack of regulation and high amount of risk involved, investors looking to get into the cryptocurrency markets may need to do plenty of extensive research. Trying to figure out the actual value of a cryptocurrency can be extremely difficult. At this point in time, the answers are murky at best.
Many factors may eventually play into the value of a virtual currency. These may include how fast blockchain technology is adopted by larger, more established companies, how quickly merchants become willing to accept virtual currencies, and how global governments end up dealing with the new phenomenon.
Even though successful cryptocurrency is still fairly new, the increasing popularity may help create more normalized use over the next few years. Investors have already started to realize that blockchain public ledger technology offers enormous potential to disrupt conventional business and financial industries. Because there is still a lot of mystery surrounding cryptocurrency, everybody will be anxiously waiting to see how the cryptocurrency markets evolve and mature in the near future. With the rise of Bitcoin and the wealth of current information available regarding blockchain technology and cryptocurrency, it should be interesting to watch the possible rapid progression over the next year.
