In this article I would like to talk with you about competition in a cryptocurrency market. It is clear that cryptocurrency market is going to expand in the coming years, but it is very interesting which cryptocurrencies will become dominant players, how many cryptocurrencies will stay in the market and which cryptocurrencies will lose their value and go bankrupt. For now, there are 1384 cryptocurrencies available and this number is growing exponentially. How can DeepOnion stay in this huge market, survive, not get lost, grow and reach more and more people?
To answer this questions, let`s look at the cryptocurrencies that are pretty successful, have huge market share and then think about what makes them so progressive and what is key of their success.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, Litecoin – this is the short list of leading cryptocurrencies. I will try to give you key features and driving characteristics that help these cryptocurrencies to get so popular and successful.
First of all, its very easy to pay using these cryptocurrencies. You are in control of your money. There is no centralized authority that is in charge of your ownership. You pay whenever you want, wherever you want without crossing border and you are not afraid of any other limitations when transferring your money. Another advantage of those cryptocurrencies is control and security. Merchants cannot charge extra fees on anything without being noticed. They must talk with the consumer before adding any charges. Personal information is hidden from prying eyes and therefore, there is no risk of identity theft. Besides, information is transparent, all finalized transactions are free to see, but personal information is always hidden. Currently there are either no fees, or very low fees. You dont have to pay additional obscure fees.
Security, transparency, reliability, simplicity, lower or no fees – these features make cryptocurrencies successful.
Lets turn to DeepOnion. How can it improve and get in the top list of cryptocurrencies? It already has needful traits to be successful. For example: It has highly secure transactions, instant confirmations, secure wallet, untraceable payments, etc… Thus, DeepOnion has all the key characteristics that robust cryptocurrency should have, but I think there is something that can help it to become more progressive and that thing is promotion, advertisement, marketing. We have to make DeepOnion interesting for the customers. We have to make customers interested in DeepOnion by showing that there is the value in it. When an investor is looking for some cryptocurrency to invest and all of a sudden sees the DeepOnion, why should he stick to it? There are 1384 cryptocurrencies, why investor should go for DeepOnion when there are so many choices and thats where marketing starts working. If we reach many investors (through online marketing, advertisement, promotional activities) and explain what DeepOnion stands for and how it is going to become bigger and bigger, investors will see the value in it and decide to go for it. Once we have many investors willing to buy DeepOnion, price and market capitalization are going to sky-rocket and continue to grow over time.
It has to be mentioned that DeepOnion is still “young” and it has been in the market just for the several months, but in this short period of time it had pretty big success, but I think if we continue working hard and reach more and more people, the real success is ahead.