As the cryptocurrency bear market continues, many have looked towards other markets for potential gains. However, traditional stock markets are fairing a somewhat identical fate to cryptocurrencies over the past few months. The DJI (Dow Jones Industrial Average) has fallen almost 15% since October of 2018 to 23,330 points. While a 15% drop is considered “normal” to cryptocurrency holders, it’s still a shock to people around the world.
Since January, the overall cryptocurrency market capitalization declined from $800 billion all the way down to $120 billion. Although cryptocurrencies prices have plummeted, the pace of development for some of the best projects hasn’t stopped.
Lightning Network, a scaling solution for Bitcoin, is reaching record levels of capacity and transaction volume. On Bitcoin’s Lightning Network, near free tractions can occur in fractions of a second to anyone around the world. Bitcoin doesn’t seem so slow anymore huh? One issue with Lightning Network is the difficulty nontech savvy people might have setting up a node. To learn how to set up a Lightning Node, check out this guide.
Ethereum, the number two cryptocurrency in terms of market cap has continued developing its ecosystem as well. Serenity, the long-awaited Ethereum update that will help transition the network from proof of work to proof of stake should be launching within the next year. Following Serenity, Ethereum Constantinople is up next which will reduce the block reward from three to two Ethereum. This change should have an interesting effect on price as the inflation rate will decrease by a significant amount.
Last but certainly not least, CEDEX has recently launched a trading arena, suitable for both diamond investors and diamond suppliers. The exchange features a DEX score, a proprietary machine learning algorithm that rates listed diamonds on a variety of factors. The exchange already has an established order book with hundreds of diamonds listed in Cedex Coin (CC) and in USD.
To take a closer look at the exchange, sign up here.
Although prices have fallen across the board in cryptocurrency markets, development hasn’t. In order to get the most out of this bear market, seek out projects that are still pushing out new work even when the times are tough.