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Added: Jan 12th, 2021
Monitored: 4 days
Lifetime: 4 days
Blockchain technology speeds up the settlement time to just a few seconds. There is no one single crypto exchange that determines the price, which means that there are often discrepancies in the markets. This sometimes leads to arbitrage opportunities where we can purchase cryptocurrencies on one exchange and sell them on another at a higher price. There are literally hundreds of cryptocurrencies that miners have already brought into existence. Some of them trade for less than a buck apiece. And like in the early days of Bitcoin and Ethereum, they can explode in price far beyond anything you’ll find on the stock market. Whenever Bitcoin moves higher, these penny cryptocurrencies erupt to the tune of 500%, 1,000%… even 10,000% when the stars align perfectly.
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