As we all know the daily transaction volume of ether currency is increasing exponentially, and it has been for quite some time. The daily transaction of ether has risen over the past few weeks to a total value of $1.75 billion. This also makes this one of the biggest traded assets on the market. There is a lot of chatter that this is going to be a big one, because the price has gone up so much in such a short period of time.
Now, when I say “a big one,” I am not saying that this is going to be the be-all-end-all number, because it is very possible it could go even higher, but it is pretty safe to say that it is one of the biggest ones ever in the history of the marketplace. The reasons for this are many, and I will mention just a few. One of the reasons is that it is a new market and one that has not had a lot of people investing in it yet.
It also has a brand new platform, which allows people to get started with it right away. I have been watching this space for a while, and I have never seen anything like thorium. There are tons of folks who want to get involved because of the large amount of money that can be made with it. Another reason is the fact that it is a de-couped financial instrument.
Now before I go into explaining what I mean by that, you need to know what I am talking about. The currency used to be called thorium, but it was changed into ether for the sake of making the transaction process easier. When the currency pair changed to ethereality, then smartcontract could not be used anymore. People were not able to write smart contracts because they did not understand it.
A smart contract is a program that automatically places trades for you. The great thing about it is that you do not have to be anywhere to participate. You can even place trades from your cell phone. This is the main advantage over currencies, since you can literally reach millions of people at any time. The liquidity is higher, and this is one of the things that makes it so valuable.
Now you might be wondering how can the daily cryptocurrency eunders rise to record high. Well, there are a couple of reasons. It is very easy to predict the direction of the market, and the smart contract platform has really made a difference.
Most people have been waiting for this sort of thing to happen. Even if you disagree with me, you would still admit that this sort of development is incredible. The ethereality contract will allow people to trade without a broker. This alone should be enough for you to look into it. I think this is going to be a major breakout for the long term.
At the time of this writing, the daily transaction volume is almost four hundred thousand. This is quite impressive. If you think about this for a moment, it is pretty amazing that something as revolutionary as this could happen with such a small community. It truly is an amazing story, and it is only going to get bigger from here.
As I mentioned, the price has gone up in a very short time. Right now, it is valued at around seventy-three dollars. This is really low, but I believe it will go up higher in the next few hours. The upside here is that the liquidity is very high. There are a lot of traders that will be buying right now because they know that this could go up even more.
You might be asking why you would buy it if it is so low? Well, I would say that this is a good way to start building your portfolio. The upside is that this platform is completely open for anyone that wants to trade. Whether you want to be an investor or a trader, you can do it on the go. This is really nice for someone that has a busy life.
If you want to be successful with this sort of investment, I recommend that you diversify. Put some money aside and also invest in some other assets. This way you can make multiple streams of income. Most of the time, the platform goes up and down. It can go up high or it can go down very fast. If you are going to get in now, I would say that you should get your feet wet as soon as possible.