The cryptocurrency industry seems to be gaining popularity by every coming morning. With such of an astronomical growth, there seems to be having an influx of investors into the market any sooner. On this date, many cryptocurrency exchanges are even unable to have their account creation feature open for all time, due to such of a rush and craze for the digital money. If you’d ask about the daily trading volume of digital money on this date, it’s pretty much higher than ever. However, the only concern is its high volatility. With it gaining worldwide popularity, the market of cryptocurrency is getting severely volatile, leaving no scope for the investors to predict their returns.

In the beginning of this year, Bitcoin experienced an unpredictable fall across the global market, while November and December of last year were perhaps the greatest of all time for the same cryptocurrency. Its market price went up to approximately 14, 000 USD = 1 BTC, followed by a drastic fall till 6,000 USD = 1 BTC. A majority of people, even including investors, are unaware of what actually determines the volatility of such a powerful and dominating cryptocurrency. Hence, here goes a little hint –

While Cryptocurrency price is influenced by many things on the market, perhaps the largest contributor is the activity of ‘whales.’ Now, who are these ‘whales?’ Whales are those individuals who adopted cryptocurrency with their very first launch on the mainstream market and now have the vastest of stash of its holdings. The success of subsequent investors is actually at the mercy of whales. While it’s imperative for the small investors to keep an eye on when a whale is buying or selling, it does not seem to be possible all the time, and misfortune happens. Below are some key reasons that influence the volatility of digital coin –

Pump and Dump ICO Programs

Apart from directly asking for investment in digital coin, there are now hundreds and thousands of small blockchain companies, who are earning money through distributing asset-backed digital tokens amongst many virtual markets and consenting the investors a partnership in the business in turn via Crowdfunding. While some of ICOs are doing really great, some have truly spoiled the market with their pump and dump ICO advertisements. Due to having lack of regulation, users are facing great loss, causing drop in the market price of contemporary digital assets.

Cyber crimes

Due to having poor blockchain infrastructure or fraudulent activity, cyber terrorists find it easy to hack into any system and get all the user data in about a minute. Recently, there have been reports of a number of high-profile cryptocurrency heists and hacks, which resulted in stealing of some million of dollars. Investing in any altcoins is no safer. One has to be skeptical enough to see and evaluate all possible angles of failure and then invest.

Delayed transactions

Little does any investor know that cryptocurrency market is plagued by a list of delays almost all type of transactions. From creating a trading account to verification of the user to finally enabling him to make deposits and withdrawals, the whole procedure seems to be pretty much slow in nature. While the blockchain technology is always meant to make the transaction process faster, users are experience something totally reverse.

Solutions

Xeniacoin, which may sound like just another digital coin, can be an effective solution. This is although and undoubtedly one of thousands of altcoins, finding its niche on the market, however a better pick. Let’s explain how and why!

Xenia, the parent company, is concentrated around furthering and bettering the current cryptocurrency market of 30 African country markets (especially). The company is coming up with a full-fledged blockchain-enabled platform that will sort a lot many things including financial transactions to taxi ride to digital coin lending for their mainstream markets, and at the fastest speed.

The platform is named as SIX38PPN (i.e. SIX38peer2peer Network), algorithmized to operate as a single platform for multiple purposes. For instance, a platform for digital coin exchange, a cryptomall, Xeniacoin lending platform, a lottery pool, peer2peer remittance service, gaming and sports betting platform, mining platform for altcoins. While all these activities and practices will be powered by XENIACOIN digital token for the time being; developers are sure busy integrating other leading digital currencies too.

The founders claim XENIACOIN to be not just another cryptocurrency on the market, because –

- This is a currency, not at all vulnerable to the fluctuations of cryptocurrency market
- Xeniacoin is asset-backed coin that promises higher ROI, plus stability
- It diversifies user’s investment portfolio and acquires greater rewards
- Risk is way too less when it concern investment in an unfamiliar market. It has a high-level liquid portfolio for investment

Apart from this, investing in Xeniacoin digital token is beneficial for certain more reasons. The parent company is contemplating to launch a line of innovative products of its own, creating a legacy behind. Of all, some of its key products will be Xenia ATM, Xenia Prepaid Card and Xenia Teller App. While Xenia Prepaid Card comes clubbed with Xenia ATM for dispensing XeniaCoin from any corner, at any time of the day without getting clashed with any banks or large scale financial institutions; Xenia Teller is an app, made to enable XeniaCoin users book a taxi ride and make the payment instantly with XeniaCoin.

Well, here, it may sound a bit ‘impossible’ kind of a thing, but soon Xenia Teller will allow payment with other cryptocurrencies too. In addition to this, why would anyone try to be part of Xenia Teller, while paying with cash is still a faster option? Here goes the technical part –

- Joining the movement will have the fees for the drivers REDUCED, compared to traditional and competing apps that charge 15-25% of drivers’ day income.
- The app will charge only 5% of the driver’s income
- While, 3% to be banked in a serving wallet for the riders.

This way, XENIA Teller comes to incentivize both of its user groups in an innovative way. Xeniacoin is a growing legacy that is supposed to have the most advanced and secured blockchain infrastructure, so there remains no loopholes unlike the existing rest.

Grab the chance to make the most of this innovative and effective digital token and its serving platform!