London, UK, 4th March 2022, ZEXPRWIRE, It’s been a wild ride for cryptocurrencies in 2017, with the total market cap for all digital currencies reaching over $160 billion by the end of November. That’s quite a jump from the $17.7 billion valuations at the beginning of the year!
As is always the case with rapidly growing markets, there has been plenty of volatility, with the value of Bitcoin (the largest and most well-known cryptocurrency) reaching a high of $60k in November before dropping back down to around $43,500 as of this writing.
Global Pairs broker, Michael Collins says, despite these fluctuations, the overall trend has been undeniably positive, with the combined value of all cryptocurrencies increasing more than 900% in 2017.
This incredible growth has attracted the attention of both Wall Street and Main Street, with more and more investors looking to get in on the action.
In this article, we’ll look at the top 5 cryptocurrencies by market cap and compare their performance over the past year.
Bitcoin was the first cryptocurrency ever created, and it’s still actively used today. Satoshi Nakamoto – an alias for a figure whose identity remains unknown to this day- introduced Bitcoin with his 2008 paper titled “Bitcoin: A Peer-to-peer Electronic Cash System.
Bitcoins are the most valuable cryptocurrency, with a market capitalization of over $43.5 billion at current values.
The world’s first decentralized digital currency has created an entirely new financial system that is changing how we do commerce, store value, and transfer funds instantly around the globe without relying on third-party intermediaries like banks or government institutions which may charge hefty fees for their services along with other constraints such as borders, time-zones, and currencies.
Bitcoin’s popularity and acceptance are only growing as more merchants, retailers, and service providers are beginning to accept it as a form of payment.
Imagine you’ve just bought your first bitcoin. You excitedly tell everyone about it, only for the price to drop 50% in one day! That’s what happened recently: prices rose from $43K all-time high back down around 60%. The volatility is not something anyone would have predicted when this year started out with such promise – but there are still plenty more opportunities left on offer if we learn how value can fluctuate so greatly over short periods of time.
The future is coming, and it’s time to start thinking about how we’re going to install these new-age tech innovations in our everyday lives. Ethereum has just been released as one such revolutionary technology that will change everything! It offers a way for people all over the world – without any intermediaries whatsoever–to create their own decentralized applications (DAPPs) using blockchain-based software, which enables them to interact with each other more efficiently than ever before, making trade finance cheaper simpler…even lifelike!!
What makes Ethereum so special? Well, for one thing, it’s not limited to just being used as a form of digital money like Bitcoin. In fact, there are thousands and counting ways you can use either in your everyday life!
The most popular application that people have found useful with this cryptocurrency so far seems like an online gaming platform called CryptoKitties, where users collect cats based on their unique traits such as coloring or eye shape – these characters represent different breeds which may someday become valuable collectors’ items down the line too; many expect them to be worth a lot more in the future as Ethereum’s popularity only continues to grow.
There are a lot of people who’ve been waiting for the price crashes that never come, but Ethereum has proven them wrong over this past year. It reached an all-time high around $3k back in January before settling down at just under 2900 dollars – even when Bitcoin was fluctuating wildly between 1200 and 1500$.
The value hasn’t always behaved predictably, though; there were points where one crypto would climb while another declined dramatically within days or weeks apart. So, it’s important to stay on top of things and keep track of what’s going on when making an investment decision.
The value of Ethereum has shot up over 2,000% in just the last year!
A lot of people are talking about cryptocurrency these days- but not all coins or tokens offer a comparable return on investment (ROI). With such a lucrative market, though, there’s never been a better time to invest than right now. Why? Well, first off, thanks largely due to increased regulatory oversight from governments across the globe which may soon bring some stability back into this volatile industry after several years where everyone was pretty much gambling blindly with their money since they couldn’t get regulation anywhere near fast enough even if that had seemed necessary at the time.
Now that things have calmed down a bit and we’re getting more clarity on what is and isn’t possible in this brave new world, investors are feeling more comfortable about putting their money into ventures which have a chance of making them some real money rather than just hoping for the best.
Sure, there’s still risk involved when investing in cryptocurrency, but that’s always been the case ever since Bitcoin was first introduced to the world back in 2009!
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.