Most expensive virtual currencies globally 2019
Most expensive virtual currencies globally as of July 2019 (in U.S. dollars)
As of July 2019, the most expensive cryptocurrencies worldwide were Bitcoin, ThereCoin, Maker and Bitcoin Cash. Bitcoin outpaced other currencies, as one coin was worth 11,374.28 U.S. dollars. The second most expensive virtual currency, ThoreCoin, could be purchased for 1,767.73 U.S. dollars.
What is a cryptocurrency?
Cryptocurrencies are virtual commodities designed as currencies without a centralized regulating authority. Like a regular fiat currency, they have value only because their users agree upon the value. However, since there is no central authority to guarantee the price of these currencies, the price can be quite volatile.
Investment in cryptocurrencies
Many investors see this volatility as an opportunity. The fluctuation in price of Bitcoin and other expensive virtual currencies attracts speculators. Others might be more drawn to blockchain, the distributed ledger technology that makes cryptocurrencies like bitcoin more secure. This may be the reason why number of Blockchain wallet users globally is increasing from year to year.
Most expensive virtual currencies globally as of July 2019 (in U.S. dollars)
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