BITCOIN PRIORITY CRYPTOCURRENCY MARKET OVERVIEW

Updated: 04/23/2019 13:43
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bitcoin cryptocurrency overview
Profit from investing in Bitcoin significantly exceeds profit from investing in Altcoins. DataLight investigation revealed, cryptocurrency market overview
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Profit from investing in Bitcoin significantly exceeds profit from investing in Altcoins. DataLight investigation revealed, cryptocurrency market overview

As noted, if a user invested $100 in Bitcoin in mid-2010, then currently his portfolio could be valued at $1,315,363. Among altcoins, Ethereum shows the best result - if an investor invested $100 in Ethereum at the end of 2015, now he could have owned coins of $68,305.

The researchers also noted that a significant portion of the Altcoins are traded in a "wave-like" manner. For example, Litecoin reached $35 in November 2013, in July 2017 and in January 2019. This suggests that the coin is speculative and more suitable for trading, and not to preserve wealth.

Datalight research results

Against this background, Bitcoin looks preferable - the first cryptocurrency also had its ups and downs, but after each "bubble" the price of Bitcoin rose to new heights.

Interestingly, Bitcoin forks - BSV and BCH - have completely declined in price after entering the stock exchange. If users invested $100 at the time of the release, now BSV owners would have received $75, and BCH owners - only $24.

As for the current picture on the cryptocurrency market, today the start for the first cryptocurrency is rather optimistic: Bitcoin rose to the level of $5596, adding 5.01% in price in less than a day. Such a positive mood of the asset was last observed on April 2. The market capitalization of digital gold increased to $ 98.8 billion and amounts to 53.35% of the total capitalization of the cryptocurrency market. For comparison, during its maximum, this mark reached $241.2 billion.

CoinmarketCap stats April 23, 2019

The past week showed an increase in asset valuation in the gained-pct range. The total daily Bitcoin volume equals 31.69% of the total cryptocurrency volume. If we compare the current cost of Bitcoin with the known maximum of December 2017, then today's figure is almost 73% lower.

Current data on main cryptocurrencies: Ethereum added 2.20% per day, breaking the $175 mark. The market capitalization of an asset is $18.5 bln. Ripple is trading at a price of $ 0.3257, practically losing nothing of its value over the past day. Its market capitalization is at $13.6 bln.


About the author

Brett Sherpan has been working for seven years writing and editing for online and print media. He has held various editing and copywriting positions and can quickly and competently write copy for sales, marketing and editorial content. Brett is a consistently dependable team player, who thrives in a high-pressure environment, enjoying the challenges of meeting deadlines and am comfortable researching, writing and editing on a wide range of topics
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