Cryptocurrency Sales Record on Royal Capital Pro
A leading online forex trading platform called Royal Capital Pro has announced that the amount of its cryptocurrency sales reached millions at the current moment and it continues to grow at a 200 % monthly.
“The unprecedented demand is due to the simple fact that bitcoins are simply running out. The natural response from investors is to purchase as many as they can right now before the last one is sold,” a chief broker at Royal Capital Pro Nasser Hashem said.
The world’s first decentralized digital currency Bitcoin, was structured from the start by a limited amount of 21 million. It remains only 4 million to be mined. After that it is expected that the price will continue to rise due to the decreasing number of bitcoins staying available.
Given the unprecedented demand, Asharq al-Awsat, the world’s leading pan-Arab daily newspaper, has begun to list Bitcoin prices alongside those of gold and crude oil on the top banner of its financial pages.
Besides bitcoin, Royal Capital Pro also offers users another three leading cryptocurrencies− Litecoin, being launched in 2011, Ripple in 2012 and Ethereum introduced in 2015. Litecoin is technologically the same as bitcoin, but it has an advantage of block generation time of 2.5 minutes, in the case of Bitcoin’s 10 minutes. Litecoin provides a much faster transaction confirmation. Ripple was the first cryptocurrency, which is not based on the Bitcoin protocol. It is also a payment network that connects consumers to their trusted contacts. Ethereum is a relatively new platform that features a different and more general scripting language than Bitcoin.
Cambridge Centre for Alternative Finance reported that there are more than three million people worldwide actively using digital currencies. This is three-times higher than previous estimates. It represents the critical mass, who turned into crypto space.
“To illustrate the profit potential of cryptocurrency investments, a single bitcoin traded for approximately $960 in January 2017 and topped $10,000 by the end of November,” Hashem concluded. “Royal Capital Pro is ready to lend its experience and expertise to its customers throughout the Arabian Peninsula in order for them to benefit from a final once-in-a-lifetime opportunity.”