Most expensive virtual currencies globally 2020
As of February 2020, the most expensive cryptocurrencies worldwide were Bitcoin, Maker, Bitcoin Cash, and Bitcoin SV. Bitcoin continued to outpace other currencies, with one coin valued at 9,693 U.S. dollars. The second most expensive virtual currency, Maker, could be purchased for 593 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.
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.
