Cryptocurrencies are falling down! A big Shock to the Investors
December 22, 2017 3:09 pm
Digital currencies, a.k.a. cryptocurrencies are losing their growth, they are plunging down day by day this week. Surprisingly, there are a huge number of cryptocurrencies in the digital currency world (more than 1350), few of them are extremely popular and others are still gaining popularity. People from all over the world, finding interest on cryptocurrencies and they have begun investing in them. Some governments around the world do not like to adopt any existing cryptocurrencies but rather ready to create their own.
A lot of creative folks represent Bitcoin‘s growth in their own innovative way, like the one shared below.
Most of us already have the fair idea about Bitcoin, Ethereum, Bitcoin Cash, Ripple, etc, (altcoins). We have seen how Bitcoin started growing slowly in the beginning and very fast later but the growth has been constant with little fallbacks in the last 8 years. Following Bitcoin, other cryptocurrencies also started moving upwards like Ethereum, Ripple, Litecoin, etc. from last few days, cryptocurrency market is getting uncomfortable, the investors are getting sleepless nights because of the high volatility of the cryptocurrency market.
Let’s see how the cryptocurrency market is trending until yesterday and from today where it has reached.
We have heard and learned a lot about this first cryptocurrency. Although, it was invented by an anonymous figure Mr. Satoshi Nakamoto still it has gained enough trust and faith by the people resulting in a strong community to maintain Bitcoin now. Today it is the most accepted cryptocurrency in the world with a market share of approx. 50%. Last Monday, bitcoin was trending close to $20,000 USD. But today, Bitcoin is pricing around $11,500. How strange, isn’t it?
People who had purchased bitcoin when it was at $17,000 or more might be worried and surprised to look at bitcoin’s price today. Yes, this is the beauty or core reality of the highly volatile cryptocurrency market.
Many investors were waiting for this moment as it was already predicted by the industry experts that Bitcoin will drop up to $12000 USD or more. Now it’s high time for long waiting investors to jump into the Bitcoin race.
It is second most popular cryptocurrency in the world and it is trending as the second largest in terms of its volume. Ethereum has been growing constantly and some experts believe that it has the potential to surpass Bitcoin in future. On Monday, Bitcoin was trending at $850 and now, it is at $650. Seems like Ethereum will also fall into the back days like bitcoin has already fallen. As per the assumptions made earlier by Ethereum will attain its position above $1000 by the end of January 2018.
Ripple is actually on the track of a marathon race, running slowly but constantly. Since it has been accepted by many banks in different countries, people tend to believe in it. Yesterday, Ripple had crossed the $1.7 milestone and replacing the third position with the market capitalization of the cryptocurrency world. Ripple has claimed that the Standard Chartered Bank and Axis Bank (a leading bank in India) are adopting it for the cross-border payments. American Express also said it was using Ripple’s network to connect Santander clients in Europe and the U.S.