The Currency Analytics
By Dan Saada
Cryptocurrency Differentiating Factor
Masses Make the Cryptocurrency Move
Which Altcoin to watch? There are too many of them to name and remember. The use cases are immense. And, every cryptocurrency has a reason to be in the market.
Just like there is a fiat currency for each nation and a related GDP, there is a replication of cryptocurrencies with different use cases.
At some point in time, there will evolve a differentiating factor. In terms of GDP, the Bitcoin is not included, and other Altcoins got not to include either.
Sydney Ifergan, Founder of TCAT token stated, “There is no idea of what creates the value of a Bitcoin or other cryptocurrency is a snake oil thing.”
GDP and Fiat currency are related. GDP is related to the final products and services of a particular year.
The bulk of value transacted in cryptocurrencies is not coming out of thin air without any link to the real-time world.
So, what makes the price of cryptocurrencies move? The need to avoid intermediaries is the reason that warranted the demand for cryptocurrency.
Governments are voted for by the constitution and approved by the people, and so they exist. Digital Currency is voted for by the people, and so they exist.
Every cryptocurrency is associated with a blockchain project which facilitates for a range of use cases.
The price correlations are probably based on the use case of each crypto. This is what common sense suggests.
The rest is for experts to clarify. It helps investors to know what moves the price of cryptocurrency.