🗞 Daily Crypto News, December 31st💰
- 2017: The Year Crypto Became a New Asset Class;
- US Dollar Will End 2017 as Worst Year Since 2003, While Bitcoin is Up 1,372%
- Ripple Becomes Largest Altcoin As Bitcoiners Issue Warnings
- CME Launches Bitcoin Futures Trading Simulator
- Korean Exchange Youbit May Avert Bankruptcy – Members Have 3 Options
- BTC Trading Update
🗞 2017: The Year Crypto Became a New Asset Class
2017 has been a watershed year for crypto assets.
The combined market cap rocketed from $15 billion in January to over $600 billion by year's end. And in doing so, crypto assets crossed another kind of threshold, transforming from something easily dismissed to something hard to ignore.
The multiple-thousand percent price appreciation has been accompanied by trade volumes well over $1 billion since May, continued low correlations to other assets and sharpe ratios that compare favorably despite high volatility. Unsurprisingly, this is now attracting the interest of new market participants, retail and institutional alike.
Read more & Source: https://www.coindesk.com/2017-year-crypto-became-new-asset-class/
🗞 US Dollar Will End 2017 as Worst Year Since 2003, While Bitcoin is Up 1,372%
The US dollar has recorded the largest annual decline in value since 2003 and is forecasted to end 2017 at a three-month low against other major currencies like the Chinese yuan and Japanese yen.
Read more & Source: https://cointelegraph.com/news/us-dollar-will-end-2017-as-worst-year-since-2003-while-bitcoin-is-up-1372
🗞 Ripple Becomes Largest Altcoin As Bitcoiners Issue Warnings
Ripple (XRP) has overtaken Ethereum as the largest altcoin by market cap in a surge which has divided the cryptocurrency community.
After the payment network’s token reached as much as $2.65 on some exchanges this week, investors are celebrating returns which have topped 1,000 percent in just three weeks. At the start of December, XRP traded at just $0.24.
Read more & Source: https://cointelegraph.com/news/ripple-becomes-largest-altcoin-as-bitcoiners-issue-warnings
🗞 CME Launches Bitcoin Futures Trading Simulator
Chicago Mercantile Exchange (CME) has launched a market simulation tool that allows newcomers to practice trading bitcoin futures without risking any capital. The free tool has been added to the company’s ‘CME Institute Suite’.
Read more & Source: https://news.bitcoin.com/cme-launches-bitcoin-futures-trading-simulator/
🗞 Korean Exchange Youbit May Avert Bankruptcy – Members Have 3 Options
South Korean exchange Youbit filed bankruptcy last week but has now come up with additional options to pay back its members. The exchange is asking them to vote between three options.
Read more & Source: https://news.bitcoin.com/korean-exchange-youbit-bankruptcy-members-options/
BTC Trading by @cryptopassion
Yesterday I was saying you that the correction is perhaps finished.
It is not yet validated but not invalidated neither :
To validate the stop of the correction, we need first to break the downtrend line that I traced you in orange.
After the break of this line, a little correction is expected but we should go test the 1st resistance line of the trading canal.
Let's see how many times we will take for reach these objectives. It is the New-Year Eve, so I don't expect so much volume today but we never know.
🗞 Daily Crypto News, December 30th💰
🗞 Daily Crypto News, December 29th💰
🗞 Daily Crypto News, December 28th💰
🗞 Daily Crypto News, December 27th💰
🗞 Daily Crypto News, December 26th💰
🗞 Daily Crypto News, December 25th💰
Technically, ripple has overtaken bitcoin in terms of market cap, if you take the real total supply into account, which is 99,993,093,880 according to coinmarketcap.com. So is ripple really an altcoin at this point?
I can only agree, I wonder when coinmarketcap will put market capitalization with total supply.
So stupid to only count trading supply.
Bitcoin is one and only Dad.
Unfortunately to become an adult the crypto world needs to kill its father :)
Trouble is he's Daddy Bigbucks so trying to find the next mother lode is the next trick.
A fortune can be made if you can pick the right altcoin, a bit like penny stocks, but in my opinion cryptocurrencies are easier because they're all in the one class. So it's a matter of identifying altcoins that are catering for a particular market with potential. Sounds easy but ...
Indeed, I look at the potential applications of the crypto.
That is why I always liked Ripple, Ethereum, EOS and lately STORJ, Siacoin and Golem!
I've been scrolling through the many altcoins on coinranking.com so thanks for pointing me in the direction of the 3 you've been looking at lately. I'll include those 3 on my research list. Any thoughts on Kin and Dent? Cheers
I do not know the 2 you are mentioning, could you give a quick hint on what they do?
STORJ and Siacoin are basically Cloud storage (like Amazon Web Services), only cheaper, decentralized and more secure. Both of their solution works already and they have more and more "clients".
Golem is a cloud computer, you rent power for your heavy calculation and pay in Golem Coin.
Takecare !
Here's a link to the Kin site: http://www.kinecosystem.org/about
DENT is the first cryptocurrency which has dedicated itself to give users an exclusive mobile data exchange. This link explains it a bit more http://www.forexnewsnow.com/forex-analysis/cryptocurrency/analysis-dent-coin-predictions-2018/ Cheers
@vlemon i think this is not good time to invest in cryptocurrency.
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