Scanning the dials, we see that ALT Altcoin (ALT) has recently touched the $18.920 level. Following some historical information, we see that the cryptocurrency has changed -6.10%% over the last 24 hours, and moved -16.60%% over the last 7 days. Tracking circulating supply levels, we note that the current reading is 123,175 * with a market capitalization of 2,330,279.00. Looking at recent volume levels, we have seen volume over the last 24 hours of Low Vol.
There are various advantages when discussing the current functionality of cryptocurrency. One advantage is that it allows for fast and easy payments between individuals. The transfer of money can be done between two people without an intermediary. Another advantage is the advanced security offered by the technology. Transactions are highly secured, and only the owner of a wallet can send or receive payments with it. A third advantage is the idea of low or non-existent processing fees. Banks and payment processing companies often charge fees for the transfer of funds, and this may be reduced or completely eliminated with the use of cryptocurrency.
There are also some disadvantages with the use of cryptocurrency. One drawback is that payments are irreversible. This means that because there is no centralized processing center, it may be impossible to dispute a transaction and receive a refund for a purchase. A second drawback is that there are a relatively low number of companies that will accept payment using digital currency such as Bitcoin. Of course this may change in the future, but under present conditions, this may limit the options of the buyer. Another current concern is the loss of a digital wallet. If currency is stored on a mobile device and is lost or tampered with, it is likely gone with no authority to call and report to.
Although Bitcoin has dominated the crytpo space, there are plenty of alternatives looking to shake things up. Names like Ethereum, Ripple, Litecoin, and Gnosis have been attracting quite a bit of attention. It remains to be seen if any digital currency will ever come close to the popularity and market cap of Bitcoin. Many investors may be closely watching from the sidelines as the crypto markets continue to gather steam. Because of the overwhelming nature and plethora of unknowns regarding cryptocurrency, investors may choose to wait until the markets become more stable before jumping into the ring. As the focus on Bitcoin and altcoins sharpens, investors may be looking for much more information before taking any big risks.