There are over 2,000 cryptocurrencies but bitcoin remains the most popular coin, with the largest market share. Still there is constant innovation in this industry and we've seen huge movement from competitors like Ethereum, XRP, Bitcoin Cash, EOS and Litecoin. The cryptocurrency market changes a lot, and that's why it appeals so much to day-traders who profit from cryptocurrency price fluctuations.
Whilst trading and buying Bitcoin and cryptocurrencies has proved very exciting for investors and traders, the underlying blockchain technology is what is getting the tech industry jumping for joy. Blockchain is a decentralised ledger that records payment and transfer transactions but has multiple uses. It requires no central hub so is resistant to hackers.
There will only ever be 21 million bitcoins. It's finite supply, hence the growth of 'Bitcoin mining'. Over 16 million are already being traded!
Bitcoin's price fluctuates a lot. This makes it perfect for day trading and savvy investors have made impressive profits by buying and shorting the Bitcoin price.
Ethereum is the second most popular coin (any coin outside of bitcoin is knows as an 'altcoin') and valued with a market cap of $18.8 billion.
Bitcoin is safe. It's quite a statement, but ultimately blockchain technology isn't hackable. So as investors stick with well-reviewed bitcoin/crypto platforms they can trade safely.
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