Bitcoin’s value goes up every day, but so is the value of most altcoins
A lot of cryptocurrencies are seeing major value appreciations right now. With a lot of focus on Bitcoin and Ethereum, one tends to overlook everything else. However, it is evident the demand for cryptocurrencies continues to surge. As of right now, the total market cap is heading toward US$40bn. That is quite a significant milestone, even though Bitcoins dominance continues to dwindle.
The past few weeks have been incredibly bullish for cryptocurrency. The total market valuation continues to increase on a yearly basis. Bitcoins value goes up every day, but so is the value of most altcoins. In fact, the entire top 7 of cryptocurrencies have seen increases over the past 24 hours. Monero is the only major altcoin to lose 0.47%, albeit that is almost negligible at this stage.
It is hard to tell what is driving the demand, though. Cryptocurrency investors are diversifying portfolios, which is a positive development. There is no reason to put all eggs in the same basket. Moreover, none of the main cryptocurrencies are competing with one another either. Ethereum focuses on blockchain development and Ripple is a banking solution. Litecoin complements Bitcoin. Dash provides privacy, whereas Monero focuses on anonymity. All of these currencies try to do something differently.
Things are looking very interesting right now. One ETH is worth over US$81 for the first time. Ripples individual native token value surpassed the US$0.05 mark. Litecoin is well underway to head to US$17. Dash is climbing back to the US$100 mark as well. All of those numbers seemed virtually impossible to achieve just a year ago. We have come a very long way since that time, to say the least. It will be interesting to see where things head next.
Anyone looking to invest in cryptocurrency has a tough decision to make. Bitcoins market cap dominance dipped below 60% for the first time in ages. This goes to show people are waking up to the potential provided by these altcoins. It is no longer just about Bitcoin, which is a surprisingly positive development. After all, Bitcoin will always be a major cryptocurrency, but it is not suited to do everything the ecosystem has to offer.
Even though Bitcoin;s dominance is waning, the currency should not be disregarded. One Bitcoin is worth over US$1,365. That is an all-time high for the popular cryptocurrency. Even with a less dominant presence in the market, Bitcoin is rocketing upward over the past few months. There is no telling where this will end. Very exciting times to be involved and invested in cryptocurrency, that much is certain.
See more here:
Total Cryptocurrency Market Cap Inches Closer Toward US$40bn … – newsBTC
- Garzik Forks UnitedBitcoin Away from "Maximalists" to Support Altcoin ... - April 13th, 2018
- Bitcoin, Altcoin and Cryptography explained - April 4th, 2018
- ZClassic and the Bitcoin Private fork : altcoin - March 4th, 2018
- Altcoin Trustworthy Decentralized Cryptocurrency Exchange? - March 4th, 2018
- Blockfolio Bitcoin Altcoin App on the App Store - March 4th, 2018
- Morning Asian Altcoin Trading Roundup: the leader is Tron - February 28th, 2018
- Webinar: Bitcoin Overshadowed by Altcoin Surge - Nasdaq.com - February 12th, 2018
- Bitcoin Mine News Bitcoin & Altcoin Mining & Trading News - January 7th, 2018
- Ethereum, Litecoin Prices Headline $20 Billion Altcoin Rally - January 7th, 2018
- What is an Altcoin? - CryptoCurrency Facts - January 4th, 2018
- What is an Altcoin? - ccn.com - December 20th, 2017
- Trading Bitcoin for an Altcoin Won't Shield You From the IRS ... - December 20th, 2017
- Buy or Sell Bitcoin, Litecoin, Altcoin Multi Crypto Currency ... - December 20th, 2017
- Altcoin Exchange Performs First Atomic Swap Between Bitcoin ... - December 6th, 2017
- GitHub - ander7agar/altcoin-rpc: A modern Bitcoin Core REST ... - December 2nd, 2017
- Altcoins - BTCMANAGER - November 28th, 2017
- Markets Update: Bitcoin Bull-Run Primes Altcoin Markets for ... - November 25th, 2017
- Altcoin Exchange, the Decentralized Cryptocurrency Exchange ... - October 17th, 2017
- Altcoin Watchlist | Meet & Learn Cryptocurrencies - October 4th, 2017
- CryptoCurrency Investing: Research and Due-Diligence ... - September 6th, 2017
- ATC Coin Review: ATCC altcoin with massively inflated ... - September 5th, 2017
- JRM Altcoin Update - Quit chasing the headlines! - YouTube - September 4th, 2017
- Bitcoin Cash Statistics Confirm BCH is Just Another Altcoin - Live Bitcoin News - September 2nd, 2017
- Which Altcoins to Buy This Week? (31st of August, 2017) - Live Bitcoin News - September 1st, 2017
- OpenBazaar Developers May Introduce Altcoin Support in the Near Future - The Merkle - August 27th, 2017
- Exante launches XAI, the world's first altcoin fund - GlobeNewswire (press release) - August 25th, 2017
- ALTCOIN | Bitcoin Insider - August 23rd, 2017
- Altcoin Forum - Alternative Cryptocurrecies Location - August 23rd, 2017
- Op Ed: Drivechains Could Kill Off the Altcoin Market - August 22nd, 2017
- Nakamoto Institute Daniel Krawisz: I Don't Like Altcoins, but I Like Forks - Bitcoin News (press release) - August 22nd, 2017
- Bithumb, Highest Volume Exchange Globally, Adds Monero - Inside Bitcoins - August 22nd, 2017
- One-Man Band To Create The Second Altcoin Forum In The World - Coin Idol (press release) - August 18th, 2017
- When altcoin life imitates art - FT Alphaville (registration) - August 14th, 2017
- ALTCOIN CAPITAL - Trusted Crypto Traders - August 12th, 2017
- Overstock Now Accepts Various Altcoins for Payment - Including ... - Bitcoin News (press release) - August 10th, 2017
- What are Altcoins and ICOs Bitcoin Whiteboard Tuesday - 99 Bitcoins (blog) - August 9th, 2017
- Cryptocurrency Symbol BCC Belongs to BitConnect Coin, Not Bitcoin Cash - Markets Insider - August 8th, 2017
- Crypto-Startup Hubcoin Announces Distribution of Pre-Mined HUB to Altcoin Developers - Bitcoinist - August 3rd, 2017
- This Altcoin Is Ready to Challenge Bitcoin's Domination of the ... - Futurism - July 31st, 2017
- Beginning of altcoin's end: US signals digital coins may be subject to federal securities law - CalvinAyre.com - July 31st, 2017
- All Major Indian Exchanges Reject Bitcoin Cash Completely - Live Bitcoin News - July 31st, 2017
- Global Advisors Launches ICO and Altcoin Closed-End Private Fund - Finance Magnates - July 31st, 2017
- USING ALTCOIN TRADER - rsainvestments.blogspot.co.za - Google - July 9th, 2017
- Payza Commits to Cryptocurrency: Unveils Full Bitcoin Services, Introduces Altcoin Exchanges - CoinDesk - July 7th, 2017
- What is an Altcoin? Bitcoin Magazine - July 7th, 2017
- CryptoPing completes $2.5 million ICO to further develop altcoin trading intel bot - CryptoNinjas - July 4th, 2017
- Saturday Slump: Ethereum, Bitcoin Prices Headline Crypto Market Downturn - CryptoCoinsNews - July 1st, 2017
- Monday Massacre: Bitcoin, Ethereum Lead the Way as Cryptocurrencies Retreat into the Red - CryptoCoinsNews - June 26th, 2017
- Altcoin signal app CryptoPing set to conclude ICO with over $1m already raised - CryptoNinjas - June 25th, 2017
- EasyMINE: Altcoin Mining for Everyone - Coin Idol (press release) - June 22nd, 2017
- Altcoin 2017 Forecast: Litecoin (LTC), Peercoin (PPC ... - June 18th, 2017
- Which Altcoins To Buy This Week (16th of June, 2017) - Live Bitcoin News - June 17th, 2017
- Bitcoin Altcoin Trader Price Analysis - June 13th, 2017
- 'Real Businesses are Using Waves', Says Rep as Altcoin Crosses $600 Million Market Cap - CryptoCoinsNews - June 11th, 2017
- Altcoin Definition | Investopedia - June 9th, 2017
- Top 6 Altcoin Exchanges you may Have Never Heard of - The Merkle - June 8th, 2017
- Which Altcoins To Buy This Week (6th of June, 2017)? - Live Bitcoin News - June 6th, 2017
- Altcoin intel bot CryptoPing ICO now live - CryptoNinjas - June 5th, 2017
- Bitcoin (BTC), Ethereum Just The Tip Of The Iceberg For Cryptocurrencies - ETF Daily News (blog) - May 30th, 2017
- All Top 20 Altcoins Fall By At Least 30%, Ripple Down to $6.2 Billion - CryptoCoinsNews - May 28th, 2017
- CryptoPing, the Cryptocurrency Bot that Monitors Altcoin Markets. ICO in 48 Hours! - FinSMEs (blog) - May 24th, 2017
- Which Altcoins To Buy This Week? (May 22nd, 2017) - Live Bitcoin News - May 24th, 2017
- Altcoin Price Increases and How CryptoPing May Help Traders - The Merkle - May 24th, 2017
- Another crypto bubble and the rise of altcoin markets - Brave New Coin - May 15th, 2017
- CryptoPing Altcoin Intelligence Bot Announces ICO - The Merkle - May 15th, 2017
- What is crypto-currency? Learn everything you need to know. - May 10th, 2017
- Which Altcoins to Buy This Week? (May 8th, 2016) - Live Bitcoin News - May 8th, 2017
- Altcoin Market Takes A Hit and Bounces Back Amid US$3bn Trading Spree - Live Bitcoin News - May 8th, 2017
- Bitcoin Price is Once Again Above Gold Despite 'Altcoin Bubble ... - Inside Bitcoins - April 26th, 2017
- Altcoins Planning Segwit Integration Experience Price Pumps - Nigeria Today - April 26th, 2017
- Poloniex Altcoin Exchange Review - The Merkle - April 25th, 2017
- Ether Price Analysis: ETH Altcoin Dominance Continues - Bitcoin Magazine - April 21st, 2017
- Altcoiner Lets All Bitcoin Holders Earn A Daily Passive Income By Trading Altcoins - newsBTC - April 12th, 2017
- PIVX Growth Not Influenced by Dash nor Bitcoin in Altcoin Swell - CryptoCoinsNews - April 11th, 2017
- Altcoins See Their Value Go Up As They Inch Closer to Activating SegWit - Live Bitcoin News - April 10th, 2017
- Decred Benefits From Bitcoin Impasse, Joins Altcoins' Rise - CryptoCoinsNews - April 8th, 2017
- Altcoin-Fiat Trading Rises, BitPanda Adds Dash-Euro Trading - CoinTelegraph - April 2nd, 2017
- Ripple Price Surge Continues, Altcoin Takes Advantage Of Bitcoin Scaling Troubles - CoinTelegraph - April 2nd, 2017
- SpectroCoin Announces Altcoin Support for Bitcoin Debit Cards - AllCoinsNews.com (blog) - March 28th, 2017
- Top 3 Altcoin Pumpers in History - The Merkle - March 28th, 2017
Recent Comments