During the recent crypto-frenzy, ethereum reached a peak of US$1,420 per token. The current price represents a 14.8% retrace from the high, compared to bitcoin’s 42.1% retrace. Traders are beginning to look at ethereum as the next leader in the cryptocurrency world.
The price of bitcoin has plummeted over the past week. Dropping to US$9,453 per token, an all-time low for the cryptocurrency since November 2017. What has caused the drop?
If you bought digital coins in 2017, you would have had a great year. Making more than 12-times your money was as easy as buying a single bitcoin. 2018 might be more of the same.
What was around US$1,500 a week and a half ago is now worth US$5,015. Thanks to completely forgetting about a Bittrex account, we are sitting on an 8,368% return on our initial US$59.10 outlay.
If you think the mainstream has become addicted to bitcoin, wait until they get their first taste of altcoins. You thought 2017 was big, you ain’t seen nothing yet. 2018 is flat out going to blow the roof off.
Litecoin price has skyrocketed in the last week. Jumping 111% on the back of the bitcoin futures market opening in America. This strong, positive relationship makes sense. Litecoin is essentially a 'spin-off' of bitcoin.
The little known crypto that trades as (Miota) is up 152% since announcing the deal with Microsoft last week. The graph has quite literally gone vertical as the coin has surged 873% this month. One month ago, it had a market cap of US$1 billion. Now it is just shy of US$8 billion.
Ethereum price is at an all-time high. It’s currently sitting at AU$557. Which is a new apex. No one single event has caused this, but a myriad of advancements over the last couple of months.
Bitcoin cash might be headed to the moon. That is, if yesterday is anything to go by. Since the start of August the bitcoin cash market cap has swelled from 5 billion to the 25 billion.
A crypto with a network value of only US$10 million may have solved the biggest problem right now in crypto development. It’s up 25.59% today and the increase in volume suggests people are starting to notice this crypto minnow.