Are you interested in investing in Bitcoins? You do not know in which commodity to do it? Read this post and look at the metrics to understand it better!
Ethanol it´s created by hydrating ethylene, a naturally occurring by product of plant fermentation. It’s a colorless, clear liquid used in the production of alcoholic beverages like as beer, wine, and brandy. Because it dissolves easily in water and other organic molecules, ethanol is utilized in a wide range of goods, from personal care and cosmetics to paints and varnishes to fuel.
Ethanol is a common ingredient in cosmetics and beauty products. (1) It works as an astringent to help clean the skin, a lotion preservative to keep the contents from separating, and a hairspray adherent. Many hand sanitizers contain ethanol because it is effective at killing germs such as bacteria, fungi, and viruses.
The size of the global ethanol market was estimated at USD 89.16 billion in 2021 and is expected to reach USD 86.04 billion in 2022. The countries that mostly produce Ethanol are the United States (53%), Brazil (28 %), China (4%), India (3%) and Canada (1%). The remaining 11% of production is distributed in the other countries of the world, with a notable participation from Thailand, Argentina, France and Germany.
Within these metrics, we could say that the Ethanol production business is one in which profits can be generated, in this way, many economic experts were interested in the Ethanol market. For this, a common currency was sought in which it can be invested as a common pool. The most chosen was the Bitcoin cryptocurrency which is a relatively new digital currency, which is moderated through its own users, that is, it does not depend on entities. To measure the movements of Ethanol and Bitcoin in the stock market, we recommend the use of Commodities-API.
What Is Commodities-API?
It’s a website that sells monetized data on things like coffee, cereals, and oils, among other things. It obtains them via an API, which is accomplished in under a minute by establishing relationships with financial institutions.
How Is It Used?
This platform is unusual in that it is really simple to use. You must take the following actions to do this:
- Make a user account on the website.
- Obtain an API key.
- Choose your currency (BTC) and commodity (ETHANOL)
What Is The Source Of The Information?
This platform’s API collects data on commodity and currency values from more than 15 credible data sources every minute. Banks and financial data businesses, as well as the World Bank, are among the sources.