Watching recent crypto market developments, we have noted that POE Po.et (POE) has recently hit the $0.06 mark. Looking at circulating supply levels, we see that the number is 2,236,813,969 * with a market capitalization of 129,035,982.00. Viewing some volume levels, we see that volume over the last 24 hours clocks in at 2,692,940.00. Tracking some historical price data for POE Po.et (POE), we see that the cryptocurrency has seen a move of 3.79%% over the past 24 hours, and a change of -6.06%% over the previous 7 days.
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.
The relatively fast rise of Bitcoin and other cryptos have caused a flutter among institutions, investors, and financial firms. Pinpointing exactly why people have become caught up in the craze is not certain. Understanding the basics of Bitcoin and other cryptocurrencies may be difficult for the average investor. Some of the language used can be hard to follow when not familiar with the topic. Individuals may hear different terminology for cryptocurrency such as coins or digital currency. Many of these cryptos rely on blockchain technology, which is essentially a distributed ledger that is decentralized and records transactions that are typically unable to be modified. Many of the issued cryptocurrencies were created using open-source software, and they should continue to evolve as more and more developers take notice of the technology.
Interested investors may be wondering if they should be setting aside a portion of the portfolio to incorporate cryptocurrency. This is a hotly debated topic right now, and there doesn’t seem to be a clear-cut answer. Like any investment, proceeding with caution is typically a good idea. Many investors will have to put in a lot of extra study time in order to determine how digital currency functions and the potential for growth in the long-term. Without the proper education, many investors may be tempted to get into crypto trades that may seem too good to be true.
Your input is required
Disagree, or have your own opinion? SUBMIT AN ARTICLE TODAY
Feel like commenting? Do you want to join a community of investors and start making money, for free? Then REGISTER now:
We want you to join our community
Benefits of signing up for a FREE membership now:
-No more costly delays in waiting for material
-Dozens of publications per week, including news coverage, earnings commentary, analysis, politics, and more
-Access to special guest contributions, including from WSJ, CNBC, and prolific independent authors
–Ability to comment on articles
–Access to our weekly newsletter
-Publish your own opinion/analysis
Thank you for your readership, and for your loyalty.