Factom (FCT) Currency Reaches $24.63

Factom (FCT) Currency Reaches $24.63
 Factom (FCT) has been recently trading near the $24.63 level with a current market cap of 215,412,851.00. In terms of circulating supply, the value is presently 8,745,102 *. Volume over the past 24 hours has been recorded at 1,424,660.00. Looking at some historical price information, we note that Factom (FCT) has seen a change of 3.73% over the last 24 hours, and a change of -2.39% over the past 7 days.

Deciding which cryptocurrencies to invest in is no easy task. No one can say for sure which new ones will take off, or which ones will even exist in a year. Because of lack of regulation and high amount of risk involved, investors looking to get into the cryptocurrency markets may need to do plenty of extensive research. Trying to figure out the actual value of a cryptocurrency can be extremely difficult. At this point in time, the answers are murky at best. Many factors may eventually play into the value of a virtual currency. These may include how fast blockchain technology is adopted by larger, more established companies, how quickly merchants become willing to accept virtual currencies, and how global governments end up dealing with the new phenomenon.

Even though successful cryptocurrency is still fairly new, the increasing popularity may help create more normalized use over the next few years. Investors have already started to realize that blockchain public ledger technology offers enormous potential to disrupt conventional business and financial industries. Because there is still a lot of mystery surrounding cryptocurrency, everybody will be anxiously waiting to see how the cryptocurrency markets evolve and mature in the near future. With the rise of Bitcoin and the wealth of current information available regarding blockchain technology and cryptocurrency, it should be interesting to watch the possible rapid progression over the next year.

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.

Factom (FCT) has raised more than 6.17% this week

Factom Technical Analysis March 2018