Cryptocurrency Rate Correlation and IT Market Development

22.11.2018

The cryptocurrency market is dropping now. Already in early July, the most popular encrypted units lost over 5% of their prices. In the midst of this, the IT industry hasn’t noticed significant losses, although it is considered that these spheres are interconnected.

However, the existing negative trends had an influence on important economic processes in the world. One of the main concerns is a fact that we won’t see such a rapid increase in prices of cryptocurrencies, as a year ago.

Prospects for Near Future

Despite the obvious drop in the cryptocurrency rate, its fluctuations are not so significant, as before, which lets attract new clients who are ready to appreciate main advantages of executing transactions by means of cryptocurrencies to the market. The advantages are:

• anonymity;
• high speed of transactions;
• minimal expenditures.

The IT technology market is indirectly connected with cryptocurrencies, so it won’t lose much. On the other side, they won’t be useful, as investors are afraid of potential risks.

For payments, new cryptocurrency units can be used. Their rate is growing and lets partners build a mutual relationship. Despite the fact that the mining becomes more difficult, there are alternative ways to obtain encrypted currency units. Exactly this way is chosen by many novice users.

So, there is no a direct correlation between changes in the cryptocurrency market and the IT market development. However, negative trends don’t contribute to this development.
In such environment, it is important to be aware of all changes to minimize risks and possible expenditures. In the near future, we won’t see significant fluctuations, so there is a likelihood of a relative stabilization of the situation.

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