Tuesday, 12 October 2021 16:58

How to manage cryptocurrency adoption with fluctuations?

Written by Evelyn Alas

In the world of cryptocurrencies we are constantly creating new ways to make use of them, some of the solutions to help you manage the adoption of cryptocurrencies in the world.

What are their prices and what are they for?

When you start in the world of cryptocurrencies the first two questions that come up are, their price and how do you adopt them? The first is something most people talk about, but the second, although a slightly less popular topic, will be the one that determines the future growth of the industry. Either way, it's important to be aware of the statistics, pricing, wallets and proyect for crypto.

This 2021, the cryptocurrency industry broke records at an extremely fast pace, it only took three months to increase the capitalization to US$2 billion. On may 12, the market capitalization was at $2.5 billion, before the general correction that brought that amount down to US$1.6 billion by june 17.

At the start of the year Bitcoin went from US$29,300 to US$64,800 by mid-year. Recent reports estimated that more than 100 million people use cryptocurrencies for a variety of purposes such as trading, payments, business and more.

Today, regular adoption is not in question, the question that remains is when and how. One of the major players in the ongoing movement to standardize cryptos is Binance.

Since its inception as a cryptocurrency exchange, the organization claims to have gone beyond the conventional when it comes to the use of cryptocurrencies in all possible forms.

According to Binance, it plays an important role in the growth of mass adoption of cryptocurrencies, not only for being the largest exchange in the market but also for the ease and options it offers in the sector such as payments, p2p transactions, trading, Binance pay, fiat-crypto channels, decentralized finance solutions for the improvement of financial services, staking, phone recharges, its own network (Binance Smart Chain) and even its own NFT marketplace platform.