What Does the Revenue of the Coin Market Mean (How Many Types of Coins in the Coin Market)?

What Does the Revenue of the Coin Market Mean? After Bitcoin and Ethereum were called “bubbles” for a period of time, they gradually became emerging things. From Satoshi Nakamoto to Li Xiaolai and other bigwigs, to the recent skyrocketing of Bitcoin prices, many people believe that Bitcoin is one of the most viable investment assets in the next decade. However, in fact, these investment strategies are actually means of hedging risks and making profits in the short term. So what are the rounds of revenue in the coin market all about?

First of all, let’s talk about the development of some currencies and their historical processes. For example, in the early days of Bitcoin’s birth, it went through various activities such as early investors participating in mining and ICO financing before entering a bull market. During the bear market, Bitcoin experienced a sharp rise followed by a rapid fall and then returned to its high point in 2017. This wave of rise was accompanied by a large amount of speculative funds entering the scene, which eventually led to the decline in the price of the coin, falling to its lowest point (about $1000), and as of February 12th this year, its value began to decline and has now dropped below $2000.

Secondly, there is the development stage of blockchain technology, and its application scenarios are becoming more and more extensive. The decentralized characteristic of blockchain technology can solve the trust issue and make enterprises operate more efficiently. (Huoxing Finance)

How many types of coins are there in the coin market?

According to coindesk reports, the coin market is mainly divided into several types of tokens. The representatives of the coin market are Bitcoin, Ethereum, and Litecoin. Among these, the most famous one is Ripple, which currently has a market value of about 15 million US dollars; followed by Ethereum (ETH). According to Coinmarketcap’s data statistics, there are currently over 30 million addresses holding cryptocurrencies worth more than 100,000 yuan. In addition to these numbers, there are still some assets in the coin market that are worth paying attention to, such as Bitcoin Cash (BCH), Monero (XMR), and Ethereum Classic (ETC); the third is LTC (Litecoin), with a total of only 2,100 coins.