Today we are entering a new stage in the transformation of money, in which money becomes information. In this sense, cryptocurrencies have become true pioneers, as they offer users services that banks do not offer.
For example, one-click cross-border payments. Using cryptocurrencies, you can instantly send any amount to a person with one click of the mouse, even to another continent. In addition, coins have a higher yield, which is particularly attractive to investors.
The most important question that interests many investors: where is the profitability so high?
Let's pay attention to the modern financial market. It gives a very low percentage rate of return. Especially taking into account the fact that the Central Bank is lowering the interest rate since inflation is falling and economic growth is slowing down.
This is the main difference between cryptocurrencies and fiat. The number of coins that miners can mine is strictly limited. This means that cryptocurrencies are subject to deflation and will only rise in value in the future.
In addition, the political and economic situation also affects the price of cryptocurrencies. As the crisis that the world faced in 2020 has shown, any financial turmoil forces investors to look for alternative ways to make money and cryptocurrencies come to mind here involuntarily.
In addition, more and more services and people are accepting cryptocurrencies as a means of payment. It's just convenient. Transactions are instant and completely transparent.
It is also worth noting that the volatility of cryptocurrencies attracts traders who can trade on a short position and increase the market volume, and therefore the price.
The development of cryptocurrency exchanges makes purchasing much easier. There are also many financial instruments that are associated with them. For example, futures.
What are the prospects for cryptocurrencies?
Today we see an increase in the number of startups that are associated with cryptocurrencies, which often reach the status of "unicorns" as they attract investors with their solutions and innovations.
Also, by investing in cryptocurrencies today, you get high returns, as well as a deflationary financial instrument that can give you profit even in times of crisis.
Using the Cryptology exchange, you can buy crypto assets on the most favorable terms, simply and quickly.