Cryptocurrency Radar: BuzzCoin (BUZZ) Seen at $0.000195028

Tracking some recent cryptocurrency data, we note that BuzzCoin (BUZZ) has moved to the $0.000195028 mark. The circulating supply levels are presently 19774413054 with a market capitalization of 3856564. Recent volume has been seen at 21753.4. Since the previous day’s settlement price, the currency has seen a change of 0.36%.

About BuzzCoin (BUZZ):
BuzzCoin (Symbol: BUZZ) is a new brach project derived from Bitcoin. BuzzCoin is a free open source serving the target of supplying a long-term energy-efficient scrypt-based digital currency. The advance of this coin comes from the foundation of Bitcoin, PPCoin, and NovaCoin, innovations such as Proof-of-Stake. The team attempts to issue a new Proof-of-Stake (PoS) coin in the virtual currency world with a sustainable Return on Investment and real world influence. The team target is a collective community that not only comes together but works together to bring BUZZ to its full potential. BUZZ will not be a digital currency for small transactions but a commodity or interest-bearing account. To gain BUZZ from staking, the users need to stake for at least 7.5 days before sending coins due to the 25% tx fees. The longer they stake for, the more BUZZ they will gain as the interest compounds. 50% of the tax fees are destroyed, and the other 50% is given as miners reward creating random bonus rewards. This will result in a decline in coin supply and inflation.

Although cryptocurrencies have been growing in popularity, it remains to be seen whether businesses will adopt them as generally accepted payments for goods and services. The element of trust may play a large role in the wide scale adoption of digital currency. Users will not only need to trust the technology behind the specific coin, but they will have to trust that other people will share the same level of trust and continue to accept the crypto as a legitimate form of payment. As more and more cryptocurrencies are introduced, consumers and investors will have to examine the underlying function. Unlike Bitcoin, there are many alternate coins that serve specialized purposes.

Cryptocurrency has been making its way into the spotlight over the last few years. Many individuals are aware of the great success that Bitcoin experienced in the last year alone. Although the price has steadily come back down, there are many people that believe the coin is headed for much greater heights. Many others coins have tried to follow in the footsteps of Bitcoin, but it remains to be seen which ones if any will achieve similar popularity. As more studies are done on the pros and cons of cryptos, investors will be paying close attention to see how the market embraces these new technologies.

Investors might be trying to figure out how to best navigate the crypto market. With so much uncertainty and volatility, it may be extremely hard to figure out the proper play. The rise of Bitcoin has helped thrust cryptocurrency into the limelight. Although there are plenty of widespread opinions about the future of digital currency, it may be difficult to come to a definite conclusion with the current state of the market. As more information becomes available and research is conducted, the crypto market may become a little more demystified in the near future.

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