Crypto Movers and Shakers of 2017
This season was nothing but dreadful for cryptocurrencies along with the blockchain market. Perhaps we’ll look back on it in years to come back and watch 2017 since the genesis of a brand new means of blending technology and business. 2017 could be viewed for crypto since 1995 was for the web when things actually started to take off. Bitcoin Has Existed since 2009, though, for Several Years, It’s Been viewed as largely a
This season was nothing but dreadful for cryptocurrencies along with the blockchain market. Perhaps we’ll look back on it in years to come back and watch 2017 since the genesis of a brand new means of blending technology and business. 2017 could be viewed for crypto since 1995 was for the world wide web when things actually started to take off. Bitcoin has existed since 2009, though, for several decades, it’s been viewed as mostly a geeky thing to mine and spend it.
There’s been an electronic explosion in ICOs before six months, together with blockchain companies mushrooming from conjuring up alternatives to real-world problems. Some coins are only that, virtual monies, but some attempt to violate the Bitcoin form of digital money and extend innovative new technologies for information management and dispersed ledger software.
Ethereum has to be right up there with game-changing cryptos for the last calendar year. The 7000% boost in Ether this year has procured it the 2nd greatest cryptocurrency by market capitalization with $70 billion for most of the year. Big things may be in store for ETH in 2018 if the platform is updated, scaling problems are resolved, and more applications start using it.
Many dealers are skeptical about this one because of its close ties with traditional financial institutions and banks. However, these connections have only pushed the altcoin to the second spot on the market capitalization graphs. XRP was pretty much unknown at the start of the year, trading at $0.006, but it has since skyrocketed to over $2.50, where it currently trades because of a number of deals with leading banks and credit card companies. The XRP blockchain will be used as a faster, more secure, and effective method of inter-bank transfers. If it becomes the norm for such transfers, then that price is guaranteed to continue upwards.
Another one of 2017’s winners is Litecoin, which is often known as the silver into Bitcoin’s gold. Compare this 6000% rise to Bitcoin’s 1500% and it’s apparent that the altcoins have generated larger moves. With a better blockchain affording quicker and cheaper trades, Litecoin is destined for higher acceptance in 2018, which will no doubt send that price higher than the record $375 it achieved earlier this month.
Dash has also had an excellent year, starting out at around ten bucks in January, and motoring to dizzying heights of $1,500 at mid-December before pulling back to about a million. The prevalence of Dash arises from its security and privacy, and anonymous coins are going to be in increasing demand during 2018. Dash could go higher in the year, as could similar cryptos, such as Monero, Zcash, Zcoin, and Verge, who are all heavily weighted towards solitude.
There are too many altcoins to list in total, and nearly all of them have increased in value since the beginning of 2017. Some are destined for greater things in the coming year. Invest wisely and always do your own research.