When people hear the word “volatility,” they tend to assume the worst. After all, investors are always looking for stability and volatility is the opposite of what they’d like to see. On the other hand, volatility in cryptocurrency can actually turn out to be something quite positive. The most volatile cryptocurrency today might turn out to be the most stable in future quarters. This happens often, as we can see with other cryptocurrencies, such as NEO, Cardano, Stellar or Ripple.
Because of volatility in markets like Bitcoin, attention from various sources (ranging from Forbes to U.S. News and World Report has now been focused on cryptocurrency. Before that happened, only a select few outlets were even aware of the entire situation. That quickly changed when dozens of news outlets brought cryptocurrency into public awareness – and caused interest in cryptocurrency to surge. As that public awareness increases, it can take even the most volatile cryptocurrency in today’s market and make it into one of the safer investments, brought on by more investors coming on board.
One of the candidates for the title of the most volatile cryptocurrency is Tron. At the moment, it is available at very low prices but within five years, some experts expect it to trade around over one dollar. This might not seem like much, but when one looks back at the history of cryptocurrencies like Bitcoin, it’s easy to see how something that might start off at a very low price can only increase in value as more and more interest is focused on it.
One of the clever ways Tron has positioned itself to become a breakout cryptocurrency today is by having a 30 million ETH airdrop shot out throughout its community. This was done to express gratitude for the support given to them and it accomplished some truly impressive word-of-mouth advertising. After all, when those using Tron suddenly discover they’ve been given “free money” just for sticking with Tron through some of the bad times, that’s the kind of news that quickly spreads through the entire cryptocurrency field.
At the beginning of 2018, Verge might have well been the most volatile cryptocurrency showing signs of being on life support. As is often the case with cryptocurrency, all of that can quickly change – and Verge is definitely showing signs of a positive change. Verge traded as high as $0.23 and plummeted down to a low of $0.05 on April 25, 2018.
It regained momentum shortly after that and has since shot up to a seven-day increase of over 27%. With numbers like that behind it, it’s easy to understand why more investors are looking at the jump on Verge now, while it is still within easy reach. Two reasons for the increased awareness of Verge are when Mindgeek and TorGuardVPN started accepting the cryptocurrency as payment for services.
With over 1800 cryptocurrency markets in April 2018, what is it about Nano that could take what was formerly a most volatile cryptocurrency into something that might entice investors? For starters, that same volatility attracted enough attention in February 2018 to take its price from $7.00 to $15.00 in the span of less than a week. When investors see numbers like that, they immediately want to get in on the ground floor of this cryptocurrency.
Curiously enough, one of the factors driving Nano’s sudden increase was a simple name change. Before getting a name as “Nano,” it used the name “Raiblocks.” From a marketing standpoint, Nano has much more appeal to the general public.
Another driving factor for Nano was achieving some extremely positive feedback from Charlie Lee (the man who founded Litecoin) on Lee’s personal Twitter account. When cryptocurrency experts begin posting favorable comments on social media, interest increases, as well as investment stability.
While Bitcoin has seen its shares plummet in 2018, Vechain has witnessed a favorable increase in its worth. This boosted also by the addition of some powerful industries coming aboard Vechain, driven by the fact it is the first blockchain-based security system emerging from China.
In fact, the well-known Silicon Valley investor Tim Draper heralds Vechain, one of the backers behind Tesla and Skype, who foresees a day when goods and services in China will accept payments with Vechain cryptocurrency, rather than contemporary methods. With that kind of pedigree, Vechain shows signs of quickly becoming the cryptocurrency of choice for investors both within China and throughout the rest of the investment world.
Based out of Seattle, RChain has seen some impressive growth. This came after recovering from a mid-month selloff that took place in April 2018. When compared to Bitcoin volatility during the same period, RChain did better by a 20% margin. Moreover, it also outperformed Ethereum by 9%. Part of what is driving the success of RChain is the vision of its founder, Greg Meredith. He is looking to implement “industrial-scale utility” to the blockchain field. The overall plan is to actually deliver content on a Facebook-sized scale. Finally, he plans to actually support transactions that will be faster than services like Visa can currently provide.
There can be little doubt cryptocurrency is here to stay. This might have once seemed to be nothing more than a pipe dream. However, it has taken on true legitimacy and that can mean incredible profits for many investors. Those individuals who don’t fear volatility in a market understand it all. They see that getting one’s “foot in the door” when things are changing can often mean seeing a significant ROI. When the dust settles, they will see that what was once a volatile cryptocurrency suddenly finds itself one of the most stable investment opportunities available.
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