Trading Monitor: Zeitcoin (ZEIT) Touches $6.38E-05

Watching some recent cryptocurrency information, we can see that Zeitcoin (ZEIT) has reached the $6.38E-05 level. The circulating supply levels are presently 36971206928 with a market capitalization of 2359721. Recent volume has been seen at 4662.69. Since the prior day’s settlement price, the currency has seen a change of -16.39%.

About Zeitcoin (ZEIT):
Zeitcoin (Symbol: ZEIT) is a distributed open-source cryptocurrency initiated in March 2014 as a branch of Peercoin. It started life as a hybrid Proof-of-Work/Proof-of-Stake (PoW/PoS) coin that employed the Scrypt hashing algorithm for the initial generation of Zeitcoins. Two months later, the crypto became a pure Proof-of-Stake (PoS) coin, initially paying an annual PoS interest of 25%, but this is expected to reduce by 5% a year and eventually stay at 5% of yearly PoS interest after year four. The token highlights quick confirmation times of two minutes. A total of 1% of Zeitcoins were pre-mined and allocated for bounties and software development.

Many people are probably wondering if cryptocurrencies will eventually replace traditional banking systems, or if they will fade out into obscurity. Whatever the outcome, the crypto rise has challenged traditional systems and caused central banks and financial institutions to take notice. No matter the opinions on digital currency, the underlying technology is likely to play a large role in the future. With all the hype surrounding cryotpcurrencies these days, it may be hard for the average consumer or investor to decipher the legitimacy of a specific digital coin. As the market becomes more visible, many of the underlying concerns may start to be addressed by a larger community.

The increasing popularity of cryptocurrencies has produced widespread public interest. Although the current intrigue is high, the potential impact on existing financial systems is not fully known. Cryptocurrencies can be viewed as electronic accounting systems that record transactions. In general, they are decentralized. This means that there is no central government or authority responsible for ledger and code maintenance. The popularity of Bitcoin specifically has made crypto markets a widely discussed subject. With so much uncertainty surrounding cryptocurrencies, investors will be closely watching market developments as we move deeper into the year.

Navigating the cryptocurrency market is no walk in the park. As the market becomes more defined, investors will have their work cut out for them. Many investors will be pouring over the whitepapers for various coins. These are typically highly detailed proposals by the development team highlighting the functionality and purpose of the coin. Investors not familiar with all of the highly technical terminology may need to do a lot of extra homework. Understanding the overall objectives of the specific currency may be a good place to begin ones research. Investors may also want to do some detailed research on whether or not the project is funded by notable investors in order to help verify the coin’s credibility.

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