Crypto Monitor: Octanox (OTX) Hits $0.0224

Tracking some recent crypto trading activity for Octanox (OTX), we have noted that the currency has brushed the $0.0224 mark on volume of 2876. Crypto traders might be monitoring the coin over the next few days in order to spot possible entry or exit points.

When taking a look at traditional stock markets, a central authority primarily has control over the network. With decentralized technology such as blockchain, networks have the ability to be changed to open markets. Bitcoin was the first blockchain, with the main use being peer-to-peer exchange of digital currency. As the technology continues to adapt and evolve, investors and consumers will be tracking the impact that they continue to have on other industries. In the coming months, investors may have to figure out the best way to play the cryptocurrency market to their advantage.

Many investors are likely asking themselves the question, what impact will cryptocurrencies have in the long run? With the current state of the crypto market, it may be difficult to answer. Some proponents are comparing cryptocurrencies and blockchain to the revolution of the public Internet in the 1990’s. Obviously, there have been plenty of issues with full scale adoption of the internet along the way, but it is hard to argue that it has not completely transformed the world. If this new technology indeed becomes a transformative game changer, we could possibly see growth of unrivaled proportions.

At this point in time, it is probably hard to find someone who has not at least heard about bitcoin. Since the release of the whitepaper by Satoshi Nakamoto, whose real identity is still unknown, bitcoin has seen a meteoric rise in value. Although the price has cooled over the last few months, the debate about it has not. Many investors may be wondering what to do about bitcoin and other cryptocurrencies. Many individuals have been quick to label the cryptocurrency market as a bubble or an outright scam. Even though the verdict may still be out on those ideas, the blockchain technology behind bitcoin and many other cryptos seems to be here to stay.