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Bitcoin (BTC), Cryptocurrency-In another offer for adoption, the cryptocurrency and Bitcoin ATM industry is increasing in the last month of 2018, despite the market capitalization settling at a low point to close l & # 39; year.
While currency prices have been shaky in the last two months of the year, with November having seen the worst losses for BTC since August 2011, a report published from Coin ATM Radar supports a growing interest in cryptocurrency. According to information released for the first time on December 10th, ATM cryptocurrency producers opened 209 new cashiers worldwide in November, although the first cryptocurrency valuation by market capitalization has plummeted. The report includes details on 68 previously established kiosks that are closed, bringing the net increase to 141 new ATMs, a positive blow for the industry and enthusiasts looking for reasons to remain optimistic for the industry. encrypted adoption in 2019.
Despite falling prices for Bitcoin, which has reached a record low in the month, and the broader altcoin market, adoption and growth for the cryptocurrency industry continue to provide positive indicators. Two weeks ago, EWN reported on the annual survey compiled by Google's trend, which revealed "What is Bitcoin?" as the number one research survey for questions posed in the United States and the United Kingdom.
For some, the fall in the price and evaluation of the cryptocurrency was a strong accusation on the future of the sector and on the innovation of technology established through blockchain. However, for others, falling prices are only obscuring the broader adoption scenario for Bitcoin and cryptocurrency transactions. While ATM kiosks can not maintain the same cache of institutional investments, the approval of the Exchange Traded Fund or the recognition by social media giants such as Facebook, provides a small indication of the adoption of the buildings encryption scheduled for 2019 and beyond.
The billionaire investor and Bitcoin bull Mike Novogratz, in a conference call to kick off the start of the month, said that the cryptocurrency had a strong prospect for 2019 and 2020, despite the current market prices,
"Basically I think you will see a great adaptation in 2019, 2020. Many articles in the digital world, e-gaming space, are low-value objects so I think people will be more comfortable in participating in the blockchain. that area ".
Considering the 2243 encrypted ATMs operating in the United States, with many more widespread throughout the world, it seems that the encrypted investment intrigue exists on Main Street. According to data compiled by Coin ATM Radar, the accepted altcoins at crypto ATMs grew 59 percent during the month of November, shedding light on a sector that is expanding both in supply and in usability. Coinbase, the popular US-based exchange with over 13 million users, has had a major impact in expanding the crypto exposure for occasional investors, adding more altcoins to its limited selection in the last month .
However, Bitcoin, with its first advantage on the market and close to the family name status, managed to claim the lion's share of ATM activity, with most of the machines (a total of 4.042), accepting the king of cryptocurrency.
