Blockchain technology development is the focal point for every cryptocurrency growth. The measure of a digital coin's growth is based on the innovative solutions its developers have implemented. Just as every other cryptocurrency, the scalability of Ethereum is a vital aspect of its development, which has helped reach a larger audience. There is a need to identify how fast and efficient it grows with technology and its position in the financial market.
When it comes to short-term investment, it’s definitely a roll of the dice. However, there’s also something to be said for a crypto that can be bought for a penny and sold for 50 cents. Which is exactly where anyone scooping up Dogecoin in January sits today. While the coin itself is extremely volatile— with tenuous use cases and few decent platforms that deal with it— there is definitely money to be made in the short run.
Countries adopting Cryptocurrency - What Does it Mean?
If you can’t beat them, join them. This is more than likely the mindset that central banking agencies around the world currently hold. When looking back not even 5 years ago, many big banks and top CEOs showed little interest or confidence in adapting cryptocurrency into modern society. In the year 2013, China actually banned the use of Bitcoin, and Paul Krugman, one of the world’s most famous economists, wrote an op-ed with the title, “Bitcoin is evil.” But these are just some of the exceptions because the truth is that there are many other countries adopting cryptocurrency.