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What is CMT called in Chinese currency? (Is CMT coin promising?)

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What is CMT called in Chinese currency? CMT is known as what in Chinese currenc

What is CMT called in Chinese currency? (Is CMT coin promising?)

What is CMT called in Chinese currency? CMT is known as what in Chinese currency.

According to CoinMarketCap, as of August 26, 2019 GMT+8, only BTC, ETH, EOS, and LTC can be used as trading mediums among all the currencies recorded on the entire network. Other mainstream digital assets are exchanged in units of USDC and HT.

CMC comprehensively supports decentralized trading systems based on blockchain technology globally and is committed to building the safest, transparent, and professional decentralized Bitcoin trading platform.

According to coinmarketcap data, in July 2019, the trading volume of Bitcoin futures contracts on CME (Chicago Mercantile Exchange) exceeded 300 million USD, and by the end of 2020, this number has grown by over 260%. Since the beginning of 2020, the position of Bitcoin futures has reached approximately 1.4 billion. Currently, CME has 11 profitable positions among its multiple positions in this field, with six leading institutions holding over 100,000 Bitcoin futures contracts. In addition, nine leading institutions hold over 100 million short positions, managing a total of 1.3 billion USD, accounting for over 70% of the entire market.

Is CMT coin promising?

According to coindesk news, is CMT coin promising? In just one month since its launch at the end of last year, it completed a financing round. The main purpose of this funding is to support its mainnet project CRM (Chinese name: Diancun). The current market value of this project is about 1 billion CNY (over 100 billion USD calculated at the current price).

But what are the troubles that a newly entered market investment like this will encounter? We can see from the following aspects:

1. Without good publicity and team support, these types of projects will be difficult to survive.

2. Because the project itself is not a token in the Ethereum ecosystem, it is difficult to attract enough people to buy and participate. Therefore, as long as someone is willing to use this platform, this model may fail.

3. Due to unclear or lack of confidence in investment philosophy, investors may not have a positive attitude towards such projects, but ultimately, it will lead to the loss of project value.

According to ICO data website statistics, as of November 30, 2018, nearly 100 million yuan of digital currency was raised through public issuance of tokens, including about 650 million USD of 20 encrypted assets such as BTC and ETH, and the other 17 mainstream coins accounted for 10% of the market share.

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