Last week it was Bitcoin (BTC). And now fellow crypto heavyweight Ethereum (ETH) looks set to join BTC at all-time highs
Shares of DigitalX Ltd [ASX:DCC], the only bitcoin-related company on the ASX, gained more than 40% in morning trade today. Shares are sitting at 8.5 cents at time of writing.
The digital coin is now valued at US$4,655.63, or AU$5,845.84. It’s up an amazing 366.6% in 2017. And it could climb even further before the year ends.
In this chaotic political environment we live in, where the western democracies trust their political class less and less, a new form of money has sprung up. You need to know about it. Because it changes money as we know it.
Litecoin (LTC) is up 24% over the last 24 hours as other major cryptocurrency prices have remained steady.
There are an increasing number of retailers accepting bitcoin, especially online. But I suspect that it still isn’t possible to live your whole life in the crypto-economy, without ever resorting to fiat currency.
Bitcoin has been comfortably treading around the US$4,000 – US$4,400 mark lately. It’s had its ups and downs, but for the most part has stabilised — at least momentarily.
It’s no coincidence that bitcoin flourishes when traditional fiat monetary systems flounder. If the US economy defaults, loses its credit rating and goes into recession, bitcoin’s price will soar.
When you research and operate in the cryptocurrency world, it’s hard to focus on anything else. We of course do — we also research and analyse small- and microcap stocks. And we uncover the biggest, most exciting technology investment stories in the world.
Litecoin (LTC) has jumped up 12% in today’s crypto trading as traders look to hedge their bets on bitcoins (BTC) SEGWIT implementation which is due any day now.