Official launch of deVere Crypto
Today’s the day! The launch of deVere Crypto, our pioneering cryptocurrency app.
Available for download on both Apple and Android, users can store, transfer and exchange three major currencies at present; Bitcoin, Ethereum and LiteCoin. However, more will be added within the next few weeks.
Despite the fact that cryptocurrencies tanked over the past month, demand is set to soar throughout 2018.
Indeed, the world’s most renowned digital currency, Bitcoin, slumped by 30 per cent last week. With enhanced market scrutiny by governments across the globe, as well as more regulation, it comes as little surprise that some people wonder about the timing of the deVere Crypto launch.
However, as more and more people learn more about and use digital currencies, and as interest shown by governments and businesses continues to escalate, this highlights the fact that the market is maturing and becoming more mainstream.
Bitcoin will remain extremely volatile over the next year, and when it recovers from its current position and moves past the resistance point of $10,000, we may see a surge of 50 to 60 per cent, as many will dive in head first, not wanting to miss out a second time.
Of course, as with all markets, this forecast volatility is creating, and will continue to create, significant buying opportunities.
Furthermore, Bitcoin will be faced with increasing pressure from other digital currencies in 2018, with Ethereum posing the main squeeze, as many experts claim it has more uses and is supported by superior technology.
Indeed, the Bitcoin vs Ethereum battle is reminiscent of the VHS vs Betamax tech format war of the 1980s. However now, there is room for a number of major digital currencies, unlike the video format market of 30 years ago.
deVere Crypto is structured to cater to the increasing need and want to store and transfer digital currencies in this fintech era.