Is it the right time to build your exchange, as Bitcoin and other Coins are surging up?
In recent weeks Bitcoin's price has seemed to continue marching higher.
But what is driving this growth?
Rising Cost of Production
Another reason for Bitcoin's rise is that as the size of the mining network grows, so does the mining difficulty -- which, in turn, increases the marginal cost to produce a bitcoin
Halving and the Stock-To-Flow Model
Perhaps the most important reasons for the rise in Bitcoin's price are two attributes that are inherent in its design.
there are only 21 million Bitcoin that will ever exist
is a process coded into Bitcoin called the halving.
Another reason for Bitcoin's price appreciation is its growing adoption as a payment method.
Adoption as a Means of Payment
Is now the right time to build your exchange to take advantage of cryptocurrencies?
It's definitely a good idea to contact a cryptocurrency exchange development company.
They'll know what you need to do!