Top cryptocurrencies in November 2017

November was without a doubt month of growths and records in cryptocurrency world. Bitcoin surpassed magical $10 000 for the first time in history. Also other cryptocurrencies such as Bitcoin Cash, Ethereum or Dash. As in previous month this time we also witnessed forks and predictions of cryptocelebrities. Check out what interesting happened in November.

Market cap has risen from $182 bln to $303, though at the peak it reached even $343 bln. For the first time capitalization of whole market surpassed quarter trillion dollars. Market cap of Bitcoin itself is moving towards $200 bln – at its peak it reached $192 bln. Bitcoin domination fluctuates around the same 55%, though there were changes at lower places. Capitalization of Bitcoin Cash surpassed over $40 bln along with new ATH (about $2300) and for a moment it was the second cryptocurrency according to market cap. However, Ethereum retook its second places shortly.

Dash had big rise in market cap – it rose almost three times and the price reached new ATH over $800. Also Ethereum Classic had its moment. It was worth $10 in October and nearly $30 right now. The twin Ethereum reaches almost $500 with $480 ATH. However, despite having problems with stable wallet, the biggest growth belongs to IOTA with 235% return rate.

More important forks in this month were Bitcoin Cash fork and Bitcoin Diamond. The first one is considered by majority of community as a necessary, whereas the second one is considered as nothing new or even a scam. However, it was Bitcoin Segwit2x fork that electrified the community. To be more precise lack of the fork as developers announced that it will be suspended. Price shortly after rised and then suddenly followed – investors were surely put under a big stress and emotions. Interesting events happened in Poland: polish financial market regulator warns about ICO and CEO of polish central bank says that if it was possible he would ban cryptocurrencies.

Most important events in November:

• Fork of Bitcoin Cash, Bitcoin Diamond and supsension of Bitcoin Segwit2x fork
• First five-digit price of Bitcoin ($11 441 ATH on Bitfinex)
• Bitcoin Future Contracts announced by CME Group
• BCH bubble and „the flippening” – discussion in community whether or not Bitcoin Cash beats Bitcoin
• 31 bln USD Tether theft
• ICO Confido turns out to be a scam
• Full node of Bitcoin Gold available – Bitcoin Gold in top 6 market cap
• „Buy Bitcoin” more popular than „Buy Gold” for the first time in the history

For Bithub.pl Dominik Gordel, our analyst Picasso and JPK Traders comment on NovemberDominik Gordel:

Euforia. This word desribes November events on the cryptocurency market the best. Especially when it comes to Bitcoin. Secret dream of many has come true – Bitcoin is worth $10 000. Psychological barier was smashed quickly without many failures. Although in the last ours of November Bitcoin starts to fall, this days are historical in crypto world.Bitcoin dominated whole month but it is owrth mentioning about few moments of weakness. They were caused by Bitcoin Cash, which is considered to be Bitcoin biggest rival. In the peak of its growths Bitcoin Cash was worth moe than a half of Bitcoin. This means a 10x growth in just few days. It also caused local price corretction of Bitcoin. However, it didn`t last long, though many announced „the flippening” – a change of places betwen BTC and BCH. Fall of Bitcoin was quickly stopped and BCH started to fall. Yet, until today there are many emotions and controversies around that event both in protagonists and antagonists of BCH.There were also many events in countries but this time they were just a background, not a main cause of growths. Bitcoin showed its strength but now sellers have their time. We`ll see how deep price correction is going to be and are the newcomers ready for it – many joined in the last days.It was Bitcoin that played the main role in November. Other cryptocurrencies stayed in background. However, Ethereum and Dash reached new ATH in the last days. Still the publicity was focused on Bitcoin

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