The crypto currency market has seen its share of disruption and turmoil over the last few months.
But the market has shown remarkable resilience in the face of these problems.
So far, the volatility has been a relative non-issue for the market, with no major events disrupting the crypto economy.
There are however still plenty of things to watch for, and the crypto markets price performance is one of the factors that should keep you on the edge of your seat.
Here are the top three things to keep in mind in the coming days: 1.
What is energy supply?
According to the International Energy Agency, global energy consumption has increased by approximately 60% from 2013 to 2017.
At the same time, CO2 emissions have remained fairly steady, which is an important factor in ensuring sustainability of the global climate.
The United Nations recently released its latest report, Global Greenhouse Gas Emissions From The 21st Century, which has been widely hailed as the most comprehensive study of the climate crisis ever undertaken.
And the study found that carbon dioxide emissions are projected to rise by an additional 5% by 2050, due to the increased production of fossil fuels, increased consumption of energy-intensive materials and decreased use of renewable energy.
So the more CO2 we emit, the more we will need to reduce carbon emissions.
And while some of this carbon will be sequestered into the Earth’s crust, there are still many CO2 plants in use worldwide that can only emit a fraction of the total.
So what will this mean for the crypto market?
A lot.
The global carbon footprint of the crypto currency industry is projected to grow by over 70% by the year 2030, according to a recent report from Bloomberg New Energy Finance.
And this is projected for a variety of industries, including mining, financial services, manufacturing and energy.
The increase in carbon emissions from these sectors will also be a major driver of the increase in CO2 consumption in the future.
In addition, if the crypto currencies demand for energy continues to grow, there will be an inevitable impact on the global economy.
The demand for crypto currencies could lead to increased supply in these sectors, and this could potentially push down the price of energy in the world.
The other key factor that will be a big factor in determining the crypto price is the demand for fiat currencies.
The average crypto currency is currently trading at a low price of $5, which means it is trading at its lowest price in the past six months.
This could lead the price to decrease, and in turn, the crypto marketplace could experience lower transaction volumes.
2.
What are the crypto ecosystem’s current trends?
The crypto ecosystem has experienced some major changes over the past couple of years.
Many new crypto coins have emerged, with the most prominent of these being Ethereum and Bitcoin.
The main challenges facing the crypto community today are the rising popularity of cryptocurrency, as well as the overall stability of the ecosystem.
The crypto industry is still very young, with some notable exceptions such as Dash, Dogecoin and Litecoin.
But overall, the growth of the cryptosphere has been tremendous.
The most notable example of this growth is the Ethereum platform.
In fact, it was founded in 2010 by a small team of three students from the University of Waterloo, and its current valuation is estimated to be more than $30 billion.
Many other projects in the crypto space have also been founded in the last year, with several more startups currently being actively developed.
With this massive growth in the number of projects in existence, the price and liquidity of these coins are very volatile.
So there are a lot of variables to consider when deciding whether or not to invest in a crypto currency.
3.
Are there any new coins on the market?
Yes, there have been several coins released since the last edition of this article.
The biggest new coin in the space is Ether, which recently entered the market for the first time.
Ether is an experimental token that is currently undergoing testing and is slated to enter circulation in the beginning of 2020.
The price of Ether is currently hovering around $2, with a price of approximately $1,200 USD per Ether.
In comparison, the market cap of Bitcoin is around $14.7 billion, which can be seen in the table below.
The reason why Ether has managed to attract more attention is due to its use in the Bitcoin network, which allows people to buy and sell Ether in the blockchain, and to buy or sell other cryptocurrencies in the system.
While the price volatility of Ether has been relatively stable, the coin has been on a downward spiral over the years.
In 2017, the average price of a single Ether traded on the cryptocurrency exchange Coinbase fell from $1.30 to $0.04.
Ether had also fallen to $1 in 2018, and then to $400 USD in 2019.
This downward trend continued into the following year, when it dropped to $350 USD in 2020.
In 2021, Ether crashed from $350 to $200 USD.
The next year saw Ether rise to $600