Bitcoin (available on Coinbase) (BTC) has had a rocky 30 days since its futures contracts launched on Wall Street. Despite that, there’s no denying that it was a phenomenal year for the world’s first digital currency.
Source: coinmarketcap.com
At press-time, Bitcoin (available on Coinbase) is trading at $17,372.10 a coin, up 13.06% for the day. The digital currency has stayed under the $17,000 mark, for the past two weeks. For the month, BTC is up 44.5% and is up a staggering 1599.59, for the year.
Many analysts predicted that Bitcoin (available on Coinbase)’s surge would come to a halt once its futures rolled out and they were correct. At one point in December just before the first launch of the contracts, Bitcoin (available on Coinbase) was growing over $1,000 a day. Just recently, Bitcoin (available on Coinbase) seems to have gained some steam. Back on Tuesday, the coin was selling at lows of $13,293.80 but seems to have grown $4,000 in just a matter of days, mimicking old habits.
ALTCoin Takeover
Since Bitcoin (available on Coinbase)’s decline, many aLTCoins have gained some serious momentum.
Ripple (available on Binance) (XRP) is now the second largest cryptocurrency by market cap and has just passed the $3.00 mark.
Just today, Ethereum (available on Coinbase) (ETH) hit all-time highs selling above $1,000 and is sitting comfortably at the #3 spot.
Tron (available on Binance) (TRX) is the latest the make the biggest splash, when it comes to the aLTCoins, as it is up nearly 9000% in just 30 days. A game was just announced similar to Ethereum (available on Coinbase)’s cryptokitties, called Tron (available on Binance) dogs and there has been tremendous buzz since. The Chinese year of the dog is slowly approaching and it seems Chinese investors can’t wait to get there hands on these dogs.
Earlier in 2017, if Bitcoin (available on Coinbase) suffered mostly all of the other aLTCoins suffered. This does not seem to be the case anymore and there’s been much talk around the cryptocurrency space, as to which aLTCoin will reign supreme in 2018 and take Bitcoin (available on Coinbase)’s place. What do you think?
Featured Image: twitter