Ajeet Khurana, the CEO of Zebpaystated that the cryptocurrency ecosystem, on the whole, required only a dozenlegitimate cryptocurrency exchanges.
When he talked about how thedifferences between cryptocurrency exchanges will be minimal when the industryachieves stability, he stated, "So if you purchase Bitcoin from exchange Aversus exchange B, you get the exact same Bitcoin. You can't say I got a higherquality one or a more genuine one. In light of that, I see in the open market,not more than a dozen, probably as few as five, but not more than a dozen and Iam committed to being one of them."
He further spoke about his wishfor a decentralized cryptocurrency exchange, which he thinks will happen soon. Price Indices refers to the average price ofa cryptocurrency in a given region or cryptocurrency exchange at a particularpoint in time. Price indices areconstructed to measure inflation.
Bitcoin price index provides the price of the Bitcoin in different cryptocurrency exchange. Similarly, TCAT tokens price index provides the price of the TCAT tokens in different cryptocurrency exchanges.
To understand volatility trends,it is important to understand the average change in price for a particulartoken. High volatility can mean higherreturn for investors when they make them buy and sell decisions looking intothe return achievable during a sample period. However, the volatility is alsolikely to be a significant barrier in the adoption of cryptocurrency. If there were no volatility incryptocurrency, it would not be interesting or worthy. Volatility is here to stay withcryptocurrency and investors learn how to handle volatility.
Price index provides the datarequired to assess overbought and oversold conditions. The price trend patterns help identify theheavy buys and sell-offs helping investors to identify the market situation.
The underlying technology requiredto aid with the mass adoption of cryptocurrency is possible only withimprovement in mobile phone e-commerce and with the improvement andintervention of major payment processors like Visa, Mastercard, and PaypalIntegrated.
Cryptocurrency will become moreinteresting in terms of value adoption only when the opportunity ofcryptocurrency adoption presents itself. Despite coming with limitations,cryptocurrencies will be able to provide with potential advantages in terms offees and censorship. For as long asthird party payment processors are not taking a fee, the fees are likely to beminimal. It might be only the on chaintransaction fee of a few cents. When the inconvenience of converting betweenfiat to crypto is sorted, the rest is going to be easy, which can happen onlywith a lot of work.
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