With the recent market craze, everyone is asking what the next cryptocurrency to explode will be. Check out our blog post to find out!
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Bitcoin
Bitcoin is the most popular cryptocurrency in the world. It is also the oldest, and it has the largest market capitalization. Bitcoin is often considered to be a safe haven asset, and it has seen a lot of adoption in recent years.
What is Bitcoin?
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
Bitcoin’s Price History
Bitcoin’s price is often measured in USD. It is natural for BTC investors to want to know what happened in the past and try to find patterns that might repeat in the future. Let’s take a look at Bitcoin’s price history.
Bitcoin was worth $0 when it first launched in 2009. In 2010, one BTC was worth $0.08. This means that if you had invested just $100 at the time, your investment would have been worth over $1 million today!
In 2011, BTC’s price surged to $32 before dropping back down to $2 by the end of the year. 2012 saw a modest rally back up to $13. 2013 was Bitcoin’s breakout year, starting at around $100 and ending at over $1,000!
The next few years were not as kind to Bitcoin, with prices falling back down into the hundreds by 2018. However, 2019 has seen a resurgence in Bitcoin’s price, with it currently sitting at around $10,000 as of December 2019.
Bitcoin’s Volatility
Bitcoin is often lauded for how decentralized it is, but that doesn’t mean it can’t be volatile. Sure, the overall trend for BTC has been up since its creation, but there have been some wild swings along the way. For example, in December of 2017 BTC reached an all-time high of just under $20,000 USD only to crash back down to around $3,000 USD by December of 2018. While this may seem like a huge drop, it’s important to remember that BTC was still up over 1,000% from where it started the year.
So what causes these kinds of swings? Well, there are a few things that can impact the price of BTC (and all cryptocurrencies for that matter). First and foremost is trading activity. When more people are buying BTC than selling it, the price will go up. Conversely, when more people are selling than buying, the price will go down. This is why you’ll often see the price of BTC (and other cryptos) rise when there’s positive news affecting the market and fall when there’s negative news.
Another factor that can impact BTC’s volatility is its limited supply. There are only 21 million BTC that will ever be mined and as more and more of them are bought up (or lost), the less available they become. This scarcity can lead to big price swings as demand increases or decreases.
Lastly, regulatory uncertainty can also play a role inBTC’s volatility. Since crypto is still a relatively new asset class, governments around the world are still trying to figure out how to deal with it. This has led to a lot of users being unsure about whether or not crypto is legal in their country which can cause them to buy or sell based on this news.
Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership.
What is Ethereum?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
In addition to being a platform Ethereum is also a cryptocurrency, similar to Bitcoin. These Ether tokens are used to pay for transaction fees and services on the Ethereum network.
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. He was motivated by the success of Bitcoin which had shown that blockchain technology could be used to create a decentralized cryptocurrency that could be used as digital cash.
Ethereum went live on July 30, 2015 with 72 million pre-mined coins. Finney downloaded the bitcoin software on its release date, and received 10 bitcoins from Nakamoto. Other early supporters were Wei Dai, creator of bitcoin predecessor b-money, and Nick Szabo, creator of bitcoin predecessor Bit Gold.
Ethereum’s Price History
Ethereum’s price history is relatively short when compared to other cryptocurrencies, but it has already seen a lot of ups and downs.
Ethereum’s price first broke $1 USD in early 2016. It then proceeded to rise rapidly, reaching over $14 USD by early 2017. However, this growth was not sustainable, and Ethereum’s price began to drop soon after. It bottomed out at around $6 USD in November 2017, before beginning to rise again.
Ethereum’s price then experienced another boom in early 2018, reaching a new all-time high of over $1300 USD. However, this growth was once again not sustainable, and Ethereum’s price began to drop back down. It is currently hovering around the $200 USD mark.
However, regardless of its current price, Ethereum remains one of the most popular cryptocurrencies in the world, and many experts believe that it still has a lot of upside potential.
Ethereum’s Volatility
Ethereum, the world’s second largest cryptocurrency by market capitalization, is no stranger to volatility. In the past month alone, ETH has risen from $102 to a high of $359, before crashing back down to $290. The all time high for Ethereum was set in January of 2018 at around $1,422.
While ETH has seen a lot of ups and downs, it’s still one of the most promising cryptocurrencies on the market. With a market cap of $28 billion, it’s second only to Bitcoin. experts believe that Ethereum still has a lot of room to grow.
If you’re thinking about investing in Ethereum, you should be prepared for a bumpy ride. However, if you’re willing to hold on for the long term, Ethereum could be a very lucrative investment.
Litecoin
If you are looking for the next crypto to explode, look no further than Litecoin. Litecoin has all the makings of the next big thing in the crypto world. It is cheaper than Bitcoin, faster than Bitcoin, and has more real-world uses than Bitcoin. Let’s get into the details.
What is Litecoin?
Litecoin is a type of cryptocurrency that is similar to Bitcoin but with several key differences. Like Bitcoin, Litecoin is decentralized and uses blockchain technology to record and verify transactions. However, Litecoin is faster than Bitcoin, has cheaper transaction fees, and a more abundant supply. These characteristics make Litecoin a popular choice for those looking to invest in cryptocurrencies.
Litecoin’s Price History
Litecoin is a cryptocurrency that was created in 2011 by Charlie Lee. Litecoin is a fork of the Bitcoin core client, with a few modifications. One of Litecoin’s main goals was to provide a mining algorithm that could run at a much faster speed than Bitcoin’s.
Litecoin’s price has seen a lot of volatility throughout its history. In 2013, Litecoin reached its all time high, with a price of $48. However, in the following year, the price of Litecoin dropped to around $4.
Since then, the price of Litecoin has slowly been rising again. As of May 2019, the price of Litecoin is around $90. Many people believe that Litecoin has the potential to explode in price again in the near future.
Litecoin’s Volatility
Litecoin is a cryptocurrency that is often compared to Bitcoin. Litecoin was created in 2011 by Charlie Lee, an ex-Google employee. Like Bitcoin, Litecoin is a decentralized peer-to-peer currency that can be used to buy goods and services. However, there are a few key differences between the two cryptocurrencies.
One of the biggest differences between Litecoin and Bitcoin is that Litecoin is much more volatile than Bitcoin. Litecoin’s price has been known to swing up and down 50% or more in a single day. While this can be good for investors who are looking to make a quick profit, it can also be risky.
If you’re thinking about investing in Litecoin, it’s important to do your research and be prepared for the volatility.
Bitcoin Cash
Bitcoin Cash (BCH) is a cryptocurrency that was created as a result of a fork of the Bitcoin blockchain. It is a top-ten cryptocurrency by market capitalization and one of the few digital currencies that is backed by a major government.
What is Bitcoin Cash?
Bitcoin Cash is a cryptocurrency and a payment network. It is an offshoot of the Bitcoin blockchain and has been increasing in popularity since its inception in August, 2017. While it shares many characteristics with Bitcoin, such as a decentralized network and pseudonymous transactions, Bitcoin Cash has a few key differences that set it apart. Most notably, Bitcoin Cash has increased the blocksize limit to 8 MB in order to allow for faster transaction times and cheaper fees.
Bitcoin Cash’s Price History
Bitcoin Cash (BCH) is a cryptocurrency that was created as a fork of Bitcoin. Bitcoin Cash was created on August 1, 2017, when Bitcoin Hard Forked into two separate cryptocurrencies: Bitcoin and Bitcoin Cash. Bitcoin Cash is a direct result of the scalability issues that have plagued Bitcoin since its inception. When the cryptocurrency was created, a group of influential miners, developers, and investors decided to fork the original Bitcoin blockchain and create a new blockchain with increased block size limits. This fork occurred at block 478,559 on the Bitcoin blockchain. By increasing the block size limit to 8MB, the founders of Bitcoin Cash hope to solve the scaling issues that have made it difficult for Bitcoin to function as a day-to-day payment method.
Bitcoin Cash has had a volatile price history since its creation. In the months following the hard fork, the price of BCH fluctuated between $600 and $900. In December 2017, the price of BCH skyrocketed to over $4,000 as investors rushed to buy into the new cryptocurrency. However, 2018 was not kind to BCH price-wise, as the cryptocurrency lost over 80% of its value throughout the year. The price of BCH has stabilized in 2019, but it remains to be seen if this cryptocurrency can mount a meaningful recovery in the years to come.
Bitcoin Cash’s Volatility
Bitcoin Cash (BCH) is a cryptocurrency that was created as a fork of Bitcoin in August 2017. The main difference between Bitcoin and Bitcoin Cash is the block size limit. Bitcoin has a 1 MB block size limit, while Bitcoin Cash has an 8 MB block size limit. This allows for more transactions to be processed per second on the Bitcoin Cash network.
Bitcoin Cash also has a different transaction format than Bitcoin, which allows for additional data to be included in each transaction. This extra data can be used to store things like smart contracts or other programmable data.
Bitcoin Cash is one of the most volatile cryptocurrencies on the market. It can swing wildly in price, and its price is often closely tied to the price of Bitcoin. When Bitcoin’s price goes up, so does Bitcoin Cash’s price. When Bitcoin’s price goes down, so does Bitcoin Cash’s price.
If you’re considering investing in cryptocurrency, then you should keep an eye on Bitcoin Cash. It could be the next crypto to explode in price!
Ripple
Ripple is a cryptocurrency that has shown a lot of potential recently. It has a lot of features that make it unique and attractive to investors. Ripple is also one of the most affordable cryptocurrencies, which makes it a great option for those who are new to investing in cryptos.
What is Ripple?
Ripple is a cryptocurrency that was designed for use in the financial sector. It is based on a distributed ledger system that allows for fast and secure transactions. Ripple is the native currency of the Ripple network, which is an open-source payment system. The Ripple network can be used to process any type of transaction, including those involving fiat currencies, commodities, and even other cryptocurrencies.
Ripple’s Price History
Ripple was first released in 2012, and it has had a very volatile price history. In 2013, Ripple’s price exploded, reaching a peak of $0.06 per coin. However, the coin then crashed back down to $0.01 by the end of the year. Ripple then slowly began to rise in price again, reaching $0.30 by early 2017.
However, Ripple’s price took off in December 2017, rising to over $3.00 per coin by January 2018. The coin then plummeted back down to around $0.60 by March 2018 before beginning to rise again. As of July 2018, Ripple is trading at around $0.45 per coin.
Ripple’s Volatility
Ripple is a cryptocurrency that shows great promise, but is it the next big thing? Crypto experts seem to think so, and predict that Ripple’s volatile price is poised to explode.
Ripple is different from other cryptocurrencies in that it is not intended to be used as a currency, but rather as a platform for other currencies. This makes it very attractive to banks and financial institutions, who are looking for a more efficient way to send money internationally.
The Ripple platform has already been adopted by several major banks, and its use is growing rapidly. As more banks adopt Ripple, its price is likely to continue to increase.
If you’re thinking of investing in Ripple, now is the time to do it. The price is still relatively low, and it is almost certain to increase as more banks begin using the Ripple platform.
