Ripple spiked to new highs on Wednesday,
as altcoins followed bitcoin higher in the wake of CBOE's successful futures launch.
Not exact matches
Meanwhile, other
altcoins also focusing on cheaper and quicker payments, namely Litecoin and the tongue - in - cheek Dogecoin cryptocurrency, have
followed a similar course
as cryptocurrency users still overwhelmingly prefer Bitcoin.
The company's main area of expertise extends to the mining of
altcoins, using GPU cards,
followed by the exchange of the same to other currencies or commodities, such
as BitCoin, LiteCoin, gold and silver, among many other options.
In conclusion, the arguments in favor of
altcoins can be summed up
as follows.
«And the community
followed us... the seven of us ended up
as stewards of an
altcoin.»
The last hour has seen cryptos take another turn and now, stop cryptos if you can
as the bull seems to be awake again strongly
followed by
altcoins.
In a note written to investors on Tuesday, strategist Robert Sluymer, Sam doctor and bitcoin bull Tom Lee stated that
as much
as the bulk of the decline for
altcoins is over, a bull market shouldn't necessarily be expected to
follow immediately.
Other
altcoins such
as LTC / USD and NEO / USD too
followed the market sentiment and tumbled to USD 160 and USD 140 respectively.
Other
altcoins such
as bitcoin cash also
followed the market sentiment and moved lower by roughly 17 %.
This week saw preliminary announcements from wallet provider Blockchain (previously known
as Blockchain.info) that it would now offer Bitcoin buying and selling, with
altcoin assets
following «in a few weeks.»
The number of
altcoins valued at $ 1 billion or more has also risen sharply,
as has the total number of cryptocurrencies in circulation
following successful ICOs.
This dominance shift has
followed massive price increases by
altcoins such
as Ripple, Ether, and Stellar,
as well
as lesser - known Tron, all of which have posted more than 20 percent gains over the past week.
As Cointelegraph reported last fall, the problem with diversifying a cryptocurrency portfolio is the fact that most
altcoins follow whatever trend that Bitcoin sets.
Articles in discussion
as follows: - Bitcoin outperformed the
altcoin portfolio by...
Altcoins The fall of Bitconnect was
as certain
as night
follows day.
The value of all cryptocurrencies rose on Monday,
as bitcoin and its
altcoin competitors enjoyed a rebound
following a volatile lead up to the holidays.
Articles in discussion
as follows: - Bitcoin outperformed the
altcoin portfolio by 3.8 x over the past three years; Fiat currency devaluing at alarming rate in Bangladesh; Hackenergy 2016 was a two - day Dutch hackathon sponsored by ENGIE Nederland; Investor cash levels jumping to levels not seen since 9/11; monthly volume of cross-border payments settled via Bitcoin is increasing at an exponential rate; Pentagon $ 1.8 M Deal to Use Blockchain for Data Security; Swiss banking giant UBS has named a new head of blockchain; Visa has announced new details about a forthcoming business - to - business payments service developed in partnership with blockchain startup Chain... MasterCard next?
Altcoins broadly
followed suit
as BTC rose, with Litecoin making additional gains on the back of LitePay's merchant acceptance announcement and hard fork speculation.