Worldcoins have risen from its $0.01 during its introduction in 2011 to a recent $0.2 in early December this year, spotting a steady but increasing price appreciation this year with an increase in merchants in the Middle Eastern region.
(PRWEB) December 20, 2013
Digital currencies are ever so popular nowadays, making its way into headlines around the globe with increasing volatility and thus reason to speculate. Sudden surges of bitcoin have made digital currency extremely appealing and many more people are rushing in to get their hands on a share of the crypto-pie.
In the hall of fame for every digital currency enthusiasts is the Norwegian man who turned a $24 portfolio of bitcoins into over $880,000 in a matter of 4 years, simply by waiting. Now, the temptation of such a success story is simply too hard to resist and to recreate such good fortune is may be a dream for many, but has become a reality for this Chilean man. The Norwegian was not the only man who found the leprechaun gold under the rainbow.
This time in Santiago de Chile, Vicente Cabrera, the owner of an online gifts and merchandise portal was one of the first merchants that incorporated worldcoins as an accepted electronic currency back in 2011. Worldcoins were transacted at $0.01 USD at his time of participation. Vicente kept a portion of transacted worldcoins in his electronic wallet, a move he would be very grateful for today. When the value of worldcoins soared to $0.20 this year, Vicente cashed out 900,000 worldcoins at 180,000 USD, 20 times the value merely 2 years ago where it was worth 9,000 USD.
The profit from Worldcoin might not be as high as the example from bitcoin, but this is where might lie certain immense potential. Worldcoin sets to create a solution to disconnected payment networks via a digital currency called Worldcoin; Worldcoin Limited acts as a central bank and exchange for the trading and supply of Worldcoins. According to its business model, Worldcoins are only issued upon injection of real assets signifying actual demand. Worldcoins have risen from its $0.01 during its introduction in 2011 to a recent $0.2 in early December this year, spotting a steady but increasing price appreciation this year with an increase in merchants in the Middle Eastern region. This growth from $0.01 has undoubtedly created some success in early owners of Worldcoins, especially in a regulated and centralized trading environment, but there is greater anticipation in where this breakthrough of value will take the currency.
Digital currency will always be in the news especially where the cycle of winners and losers set in. It is impossible to ignore the growing community of digital currency users, merchants and providers and it is set to be a lasting trend. Most importantly is how investors can cash in on this opportunity before the ultimate winner emerges and takes the world by storm.