⭐ Features Alex Morris

5 Best Multi-Cryptocurrency Wallets in 2018

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U.Today has picked the top 5 multi-cryptocurrency wallets on the market. Learn the name of the best multi-cryptocurrency wallet to make your coins feel safe!
5 Best Multi-Cryptocurrency Wallets in 2018
Contents

Unfortunately, not a single cryptocurrency wallet is able to handle all altcoins, but here are some of our top suggestions that might help you pick the best wallet for cryptocurrencies. The review includes hot wallets, semi-cold wallets (client-based ones), and hard wallets that limit your exposure to the Internet by keeping private keys on a separate device.   

Ledger Nano S

Let’s start our review with what is marketed as the most popular multicurrency wallet in the market — Ledger Nano S. This device is extremely simple in terms of technical peculiarities: there are two buttons for navigations and a small LED screen along with a USB port for connecting it to any other computer. However, don’t be fooled by its simplicity — the wallet contains a highly secure chip that is able to protect your device from most notorious hackers. It is not connected to the Internet, so it keeps your crypto completely off the grid and secures it.      

Since the article specifically focuses on multicoin Bitcoin wallets, it is worth mentioning that the Ledger Nano S supports a wide array of cryptocurrencies — from the major digital assets (Bitcoin, XRP, Ethereum) to little-known altcoins that struggle to crack into the top 500 on CoinMarketCap. Overall, this wallet supports 712 assets. It is worth mentioning that Ledger is constantly expanding the number of available coins, with IOTA (MIOTA) being one of the most recent additions (furthermore, the wallet has recently made an announcement about its plans to add more stablecoins).
 

Source: gophp.io

You also have a piece of paper with a 20-word recovery phrase that is essential if your device is lost or physically damaged. If you have access to this phrase, you can easily recover your wallet from anywhere in the world.

NB! Of course, setting up a robust PIN is also important so that nobody can get unauthorized access to your device.  

Once you’ve completed all the security steps, go to the Ledger Nano S website, and pick the corresponding cryptocurrency wallet for your currency.

Other hardware wallets to consider:

  • Trezor One (yet another hardware wallet that acts like a USB drive. Similarly to ledger, it supports a huge amount of coins);

  • Keepkey (supports multiple coins, but this is the most pricey option, and there are scathing reviews that criticize Keepkey’s software malfunctions and a bad customer support);

  • SafeT-Mini (has an attractive price tag, but its limited functionality will be a turn-off for investors);  

  • CoolWallet S (a nice alternative to Ledger Nano S since it’s wireless and waterproof, but it doesn’t support as many altcoins as its major competitors).

Exodus

Hardware wallets are perfectly suitable for those who own a sizeable amount of crypto that needs a robust protection. The price of Ledger Nano S (or Trezor) pales in comparison with the amount of money you can lose if a hacking attack does happen. However, only few beginner-level investors will bother ordering and setting up a hardware wallets, and that’s where semi-cold client-based wallets in the likes of Exodus come in handy.

(alternativeto.net)

Exodus is one of the best ways of diversifying your cryptocurrency portfolio — it has 85 digital assets, including Bitcoin, Ethereum, Tether USD, 0x and others. The drop-down window in the Exodus wallet displays every coin along with a short description that would allow users to make their investment decisions from the get-go. Furthermore, there is an inbuilt Exodus/Shapeshift exchange option for directly exchanging numerous assets.

The interface of this app is straightforward: the circle diagram gives you a visual breakdown of what your portfolio looks like. As the developers themselves state on their website, the key purpose behind this wallet was to remove the ‘geek requirement’ and make cryptocurrencies accessible for anyone.

Jaxx

Jaxx is yet another contender when it comes to choosing the best multi-cryptocurrency wallet. Its major competitive advantage consists of its cross-platform support — it can be easily downloaded on your phone or even function as a super-simple Google Chrome extension (there are eight supported platforms in total). With that being said, there is hardly any wallet on the market that can compete with Jaxx in terms of its versatility.

Just like Exodus, its main competitor, Jaxx supports 85 coins in total (Huobi (HT) was one of the most recently added tokens).

However, not everything is exceptionally good about this wallet — numerous users claim that it is too buggy to be their primal choice, so they choose to stay away from the subpar product.

Jaxx

Speaking of security features, the Jaxx wallet generally has a high level of security (and it generates a seed phrase for your wallet to be restored in case you lose your assets). Still, back in June 2017, around $400,000 was stolen from the wallet due to a major security vulnerability, which eventually took a toll on the wallet’s reputation. On the flip side, the wallet is not designed for storing large amounts of crypto, and Jaxx CTO Nilang Vyas warned again using their security model if they are ‘not comfortable’ with it.


“Please please please, if you do not feel comfortable with our security model do not use our products,” Jaxx & Decentral CTO Nilang Vyas.

The bottom line is that both Jaxx and Exodus are professional apps, but you may want go with Exodus for extra-security or go with Jaxx for extra-versatility.

Coinomi

Coinomi is a multi-cryptocurrency wallet that boasts one of the broadest ranges of digital assets on the market (it supports a whopping number of 507 coins). But here’s more: this number can be increased by you personally since Coinomi allows adding any Ethereum-based token.

Coinomi has also integrated ShapeShift and Changelly, which lets users convert their assets in a snap.

The wallet is characterized by exceptionally strong security features, and some users even suggest that is good enough to pose as an alternative to cold wallets. While this claim might be far-fetched, it does security encrypt wallets and protects private keys from being compromised by third parties (the private keys are not stored on the device itself).

Coinomi

Unresponsive customer support is one of the major downsides of this wallet, with plenty of users complaining about the support team being reluctant to answer some of their requests. Another concerning issue pertains to the level of transparency that is associated with this app — many investors didn’t like the decision to turn Coinomi into a closed source project. Notably, both Jaxx and Exodus are also close source. Coinomi’s CEO claims that the move was necessary in order to prevent hackers from stealing funds with the help of ‘malicious clones’.

Coinbase

While we are wrapping up our top 5, we’ve come up with one more option: Coinbase Wallet. First and foremost, Coinbase is a leading crypto-to-crypto exchange spearheaded by Brian Armstrong. However, the fintech behemoth also offers a slew of additional products in order to expand its dominance in the cryptocurrency space. Coinbase Wallet is one of the salient examples.

It is important to mention that you can use wallet even without having an account with the Coinbase exchange since we are dealing with a standalone product. Coinbase Wallet is decentralized, which essentially means that the exchange will not be responsible for safely keeping your private keys.

Coinbase Wallet certainly lags behind such platform-heavy competitors as Jaxx, but those who are already signed up with the exchange can easily use its web version instead.

Coinbase

There is also a very convenient security feature that is called Coinbase Vault that requires users to set up to five keys, and there a 48-hour waiting period for your funds to be withdrawn.

Generally speaking, Coinbase has zero competition when it comes to security features, since this is an $8 bln exchange with a flawless reputation that hasn’t experienced a single security breach since its very inception back in 2011. Furthermore, it ensures all held funds.

However, those who look for a large number of altcoins will most likely be disappointed since only few assets are available on Coinbase (in all fairness, such a predicament is typical for all fiat-to-crypto exchanges). No exotic coins for you!

The ultimate assessment:

The wallet

Our score  

Our consensus  

Ledger Nano S

4.5/5

The leading hardware wallet may be a perfect option, but not every beginner-level investor is willing to shell out $170 for an additional layer of safety.     

Exodus

4.6/5  

Exodus is everything you need from a crypto wallet, but there are always caveats when it comes to client-based wallets. Nevertheless, it’s the best wallet for multiple cryptocurrencies.

Jaxx

4/5

The exceptional versatility of this wallet is overshadowed by security concerns, but it’s still a nice option.   

Coinomi

4.2/5

A huge number of supported assets made it our top 5 pick. However, the issues connected to its customer support do not allow us to name it the best cryptocurrency wallet.   

Coinbase

4.4/5

The product of one of the biggest names in the cryptocurrency industry is a get-go option for any investor, but the number of supported coins makes you wish for more.   

Stay clear of crypto scams!

Despite the fact that some websites include Cryptonator in the list of the best (!) crypto wallets, a quick Google search will tell you that this is an outright scam — many users complain about unwithdrawn funds and lack of customer support.

We’ve covered only some of the most popular cryptocurrency wallets on the market that support multiple coins, but keep in mind that a new wallet is probably already in the development at the time of writing this article. We do not encourage you to be shooed away by any crypto wallet — the majority of devs do have good intentions. In order not to get burned, make sure that you check the reviews before actually using the wallet. There is nothing wrong about being extra cautious about a wallet that is only entering the crypto market when your holdings are involved. Needless to say, you should prioritize third-party wallets that do not use your private keys.

U.Today wishes you a safe and productive hodling experience!

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Bitcoin Obituaries Keep Rising But Why Is Bitcoin Still Not Dead?

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Bitcoin has been pronounced dead multiple times in its 10-year life; its recent fall brought about another obituary, but why is it that Bitcoin is NOT dead?
Bitcoin Obituaries Keep Rising But Why Is Bitcoin Still Not Dead?
Contents

A popular site called 99Bitcoins keeps a close eye on the number of times that Bitcoin has been declared dead in the mainstream media. Currently, it has accrued 336 obituaries for the digital currency.

The latest drop in the price of Bitcoin, which took it from the mid-$6,000 mark down to near on $3,000, sparked fresh panic and capitulation as many believed that the cryptocurrency had had its last days.

There were concerns over its utility and usefulness, as well as the potential for a so-called death spiral in the mining of Bitcoin as many miners shut up shop. Yet, Bitcoin continues to exist, and at time of writing, has bounced back to over $4,000.

So what is it that is keeping Bitcoin alive? It has no CEO, no company headquarters, and because of its decentralised nature, has no one to drive it to keep it alive; it relies solely on those who are interested in it.

The underlying blockchain

Bitcoin, or cryptocurrencies in general, have a very special relationship to their underlying technology, blockchain. They are of course dependent on each other to operate, but they also move independently of each other in many respects.

Blockchain is advancing in a very different path to that of Bitcoin, but it was Bitcoin’s initial explosion in the mainstream financial space that made people take blockchain seriously.

Now that the cryptocurrency bubble has essentially burst, there is a lot less hype and interest in it. However, blockchain, the technology behind it all, is getting a chance to come out and shine for its technological reasons alone.

For this reason, Bitcoin is still very much relevant. Blockchain progression is building steadily, and solidly, and because of its adoption across all centres, people still appreciate the usefulness of a digital token.

Bitcoin, as the major digital token that encapsulates all the main points of cryptocurrency and blockchain — such as decentralisation and transparency, and of course distribution — is the epitome of a functioning token economy.

Manageable mining

Another reason why Bitcoin hasn’t totally capitulated is because of its built in mining difficulty adjustment. Many people feared that Bitcoin could go under if the miners, an important part of any proof-of-work cryptocurrency, decided to abandon Bitcoin because of the increased difficulty and the loss of profitability.

Indeed, when the price dropped significantly in November, many miners did shut down and the hash rate also fell. But, because Bitcoin has a built in adjustment, the lower hash rate caused the mining difficulty to increase, and thus caused profitability to increase again, enticing miners back.

With more miners mining, there was increased health and activity on the blockchain, which leads to better interest and investment in the markets. This, in turn and in a compound way, then helps boost the price and drive more miners back in, again increasing profit and price.

Shedding the speculators

There is also a big difference between a burst speculative bubble and the death of a market. Some markets can be destroyed by the bubble pop, but in the case of Bitcoin, it is mirroring the dot com bubble because it has a similar nature.

With its underlying blockchain equitable to the internet, and the ICO hype and other factors equitable to Dot Com companies, one can see that this type of burst bubble is a chance for Bitcoin to shed its foolish speculative investors, and allow for those who are serious and successful to rebuild the market based on the important technology underneath.

Bitcoin will continue to be called dead, and erroneously so because it has only hit the mainstream in the last 18 months or so.

However, if one is to zoom out a bit, one would see that an investor who bought Bitcoin two years ago rather than, say, one year ago, would still be over 300 percent up on their investment.

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Gov’t of India Reportedly Plans to Regulate Crypto, What’s the Motive?

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The government of India is exploring the possibility of legalizing crypto and regulating exchanges
Gov’t of India Reportedly Plans to Regulate Crypto, What’s the Motive?
Contents

Several local publications have reported that the government of India is exploring the possibility of regulating crypto.

At an official government meeting hosted by the interdisciplinary committee, a task force led by members of the Ministry of Economics and information Technology and the Ministry of Home Affairs, the committee ruled in favor of regulating cryptocurrencies with strict policies.

Sudden Change in Stance Toward Crypto

In April, the Reserve Bank of India (RBI) imposed a blanket ban on cryptocurrency trading, prohibiting the country’s financial institutions from dealing with cryptocurrency-related businesses.

The unexpected ban on cryptocurrency exchanges implemented by the country’s central bank effectively disallowed trading platforms from obtaining banking services from local financial institutions.

Several exchanges tried to pivot to cryptocurrency-to-cryptocurrency trading but with the dominance of Binance, OKEx, Huobi, and other crypto-only exchanges, local digital asset trading platforms failed to compete and shut down their businesses.

At the time, the RBI threatened to end its relationship with any local bank that deals with digital asset exchanges. A circular released by the central bank read:

“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs (virtual currencies). Regulated entities which already provide such services shall exit the relationship within a specified time.”

In July, industry leaders, associations, and companies challenged the controversial decision of the RBI by filing a complaint with the Supreme Court of India. Within several months after the filing, the court ruled in favor of the RBI, allowing the central bank to impose a ban on cryptocurrency trading.

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However, on December 26, a senior government official told The New Indian Express in an interview that the government believes cryptocurrencies cannot be dismissed as illegal currencies and the asset class has to be regulated with strict policies.

“We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalised with strong riders. Deliberations are on. We will have more clarity soon,” the official said.

The change in the stance toward cryptocurrencies from the government of India likely comes from its acknowledgement of the risk in unregulated cryptocurrency trading. By placing a ban on digital asset exchanges, it forced investors out of a self-regulated market to unregulated peer-to-peer and over-the-counter markets that are difficult to regulate and monitor.

If the intent of the government is to prevent money laundering through the usage of cryptocurrencies, a more effective way of doing so is to allow cryptocurrency trading on exchanges with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place.

When Could It Take Place?

Many reports were released in the past anticipating the legalization of cryptocurrencies by the government of India. Yet, the government showed no signs of regulating the asset class in the past 12 months.

With the G20 agreeing to regulate cryptocurrencies to crack down on money laundering, India, which is a part of the G20, could follow the global trend of regulating the asset class.

Given the history of India in the cryptocurrency sector, it may take several months to potentially years before cryptocurrency trading is revitalized and completely legalized with stable banking services provided by local financial institutions.

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GameCredits Bittrex Review: The Detailed Guide for Beginners

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GameCredits (GAME) is an in-game payment platform that is poised to become a major disruptor in the multibillion-dollar gaming industry
GameCredits Bittrex Review: The Detailed Guide for Beginners
Contents

GAME (a.k.a. GameCredits) is an innovative cryptocurrency that has been very popular within the international gaming community. Thanks to the recent strategic partnerships with Microsoft and Xsolla, the team behind GAME crypto managed to achieve the incredible leap in promotion of this cryptocurrency.

Why should you exchange GameCredits on Bittrex?

There are so many exchange services out there. Why should you use the services of Bittrex in order to exchange or trade your GAME coins? The main advantage for beginners — Bittrex has never been hacked unlike other large platforms. Since 2017 all user accounts of this U.S. exchange service are solidly protected.

Also, this project implements the multi-level wallets strategy. About 90% of customer funds are stored offline. 2-factor authorization is offered for users (in particular, for withdrawal of their funds from wallets). If it is not activated, the exchange sets certain limits on withdrawals.

Features of Bittrex for GAME users

Bittrex offers a modern trading platform that is always accessible offline. If you type GAME in the search field on the main page, you will instantly see the chart with prices changing in real time. For example, currently (5th December 2018) you may see that the price of 1 GAME in the pair USD/GAME on Bittrex is $0.07.

Below the chart is a window with platform’s apps. The platform is designed for both beginners and experienced traders. You may check the possibility of a thorough technical analysis of any assets using technical indicators is implemented.

By default, an algorithm for calculating volumes is set straight on the chart of GAME/USD and GAME/BTC. The site features 450 currency pairs traded with Bitcoin. There are quite good trading opportunities with both BTC and ETH for GAME owners.

However, Bittrex does not have currency pairs with fiat money. Buying Bitcoin, Ethereum or Tether is possible by bank transfer. In order to use this service, you must pass the account verification. Traders have the opportunity to open different types of orders.

For example, they can buy GAME and other available assets at the market price or choose pending orders for the purchase of a particular cryptocurrency at the desired value. The only drawback - Bittrex does not offer any margin trading.

Deposit and withdrawal of GAME funds of the Bittrex exchange provides wide opportunities for those who want to replenish their account and withdraw money from it with GAME cryptocurrency. Two stages of verification actually mean that the base level is the inclusion of 2FA and filling in the "About me" fields. To withdraw more money (more than 4 BTC), full verification is required.

Currently, there are two types of accounts on Bittrex:

  • Basic. Users provide name, address of residence, indicate the date of birth. This data is verified through open sources (social networks, for example). However, if security officers of the company fail to verify the information, more detailed verification will already be required with the participation of the user;

  • Advanced. To open such accounts, the user must provide scanned copies of identification documents along with a selfie attached;

How to buy and sell GAME on Bittrex?

According to almost any user’s review of GameCredits on Bittrex, the website offers the opportunity to trade market and limit orders. The first allows you to buy a cryptocurrency at the current price at which it is offered on the market.

Let’s suppose, GAME coin is worth $1. A user wants to buy it and is ready to pay that price. In this case, he chooses a market order, enters the volume of the transaction and presses the “Buy” button. If the user already has bitcoins and he wants to sell them, at the same time, the current price on the market fully suits him, this can also be done by placing a market order, only for sale.

Fees for services here are considered average for the global market. Bittrex charges 0.25% commission for all transactions. At the same time, payments from traders can be reduced depending on the time of the user’s trading status.

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Aeron’s ARN token is now available in EOS ecosystem

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Good news for EOS traders: Aeron’s ARN token is introduced in EOS ecosystem for instant bi-directional ARN ERC-20 ⇄ EOS swap
Aeron’s ARN token is now available in EOS ecosystem
Contents

Aeron, the innovative blockchain-based aviation safety project, extends its reach to EOS ecosystem and allows for Ethereum ERC20 and EOS token swap in both directions. That will boost liquidity of the token and help Aeron strengthen its position on the market. Let’s find out how it works, and define the advantages that platform users will reap.

A few words about Aeron

Aeron project was created by experienced pilots and aviation experts to improve the aviation safety and provide comprehensive tools for flight schools and private aircraft owners and operators. Aeron features ARN ERC20-compliant token that can be simply integrated into users’ wallets and traded via exchanges and direct transfers. The fixed token supply is 20,000,000 ARN.

Aeron can be used by both aviation companies and their clients

At the moment, ARN ERC20 token is present on the major cryptocurrency exchanges: Binance, KuCoin, HitBTC and many others. Introduction of ARN into EOS ecosystem offers even more liquidity to the holders with access to the new EOS decentralized exchanges, which feature instant execution and even more convenience for users to manage their assets.

Possibilities and perspectives

With ARN token launch on the EOS blockchain, free cross-blockchain token swap is available for all Aeron token holders. From the first day, ARN EOS token is listed in all significant EOS decentralized exchanges, and MEET.ONE, the most popular EOS wallet, supports this token natively as well.

Cross-blockchain token swap is performed at 1:1 ratio: once an ERC20 token is locked, the EOS equivalent is released, and vice versa. Therefore the new ARN EOS token value is totally backed by the legacy ARN ERC20 tokens on Ethereum blockchain.

Can users keep both types of tokens? Yes, ARN EOS and ARN ERC20 tokens may be kept on different wallets and exchanged at any time. Some wallets support EOS and ERC20 tokens simultaneously. The swap isn’t obligatory, so token holders are free to use this option depending on their needs. According to Aeron, the exchange option will be available 24/7 and permanently – no time limits apply.

There are two key advantages:

  • Swap is totally free, no matter in which direction it’s made.

  • No token burning is involved, and tokens can be swapped back freely.

Instant ARN ERC20/EOS swap opens new possibilities for ARN token holders making the asset more liquid and convenient in handling, opening up EOS ecosystem famous for its instant transactions and low fees. There’s no need to surf the net in search of suitable swap options: secure token swap is performed on the Aeron website.  ARN EOS token can be further traded on Newdex, Chaince, WhaleEx, Findex, BTEX and other new EOS exchanges.

With the introduction of new EOS stable coins (EETH, EBTC, EUSD), additional ARN trading pairs will become available to facilitate value exchange and storage in EOS ecosystem.

How to perform a token swap?

In order to swap ARN ERC20 for EOS and vice versa, a user should have an EOS account. It can be registered in MEET.ONE, Paytomat Wallet or other EOS wallets (please, note that it’s a paid option that costs about $2, but sometimes sponsored by the wallet developer).

The ARN token swap is instant and the rate is fixed at 1:1, so ARN token holders won’t have to waste time placing sell/buy orders. They will enjoy a fast swap without fees.

Once EOS account is created, and tokens are swapped, a user can proceed to EOS decentralized exchanges. To register on EOS exchanges, a user will need Scatter software for the authentication process. Installation of Scatter won’t take much time, and it is compatible with all platforms. Alternatively, a QR code can be scanned to authenticate with an exchange directly from the compatible EOS wallet.

Step-by-step guide to ARN token swap

Bottom Line

At the moment, Aeron platform and the pilot shop powered by Aeron support legacy ARN ERC20 token, and EOS token integration will be done gradually through 2019. EOS salient features, such as low latency, free transactions, and scalability, can serve to improve Aeron token adoption and strengthen the business model. Meanwhile, ARN EOS token can be used by Aeron supporters to get familiar with EOS environment and its peculiarities. As example, EOS blockchain can process up to 4,000 transactions every second, making EOS exchanges the fastest decentralized exchanges in the world.

With the first ever bi-directional ERC20/EOS token swap enabled by Aeron, it may be expected that other blockchain projects will follow this method to expand their community and let the supporters enter the vibrant EOS ecosystem with their favourite tokens.

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Cryptocurrency Markets Turn Green While Bitcoin SV Lags Behind

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A small window of positivity has settled across the cryptocurrency market with most coins seeing double-figure gains
Cryptocurrency Markets Turn Green While Bitcoin SV Lags Behind
Contents

The past few days, since about Saturday last week, the cryptocurrency markets have shown some fight back with there being steady gains in the last two days in particular. Bitcoin has topped near-on $3,800 as the rest of the market basks in its glow.

There are gains for all of the top 20 coins, ranging from six to a staggering 29 percent over the last 24 hours alone. The market going green, after a month-long fall starting on the Bitcoin Cash hard fork, is only just starting to bud, and it remains to be seen if it will last, or be a reversal in fortunes.

Speaking of Bitcoin Cash, its battle continues with the name Bitcoin Cash going to the ABC pool, and that coin being the biggest gainer at 29 percent in the top 20. This has forced the forked coin to sixth on the market cap, and stretched out its lead over rival Bitcoin SV.

SV is now in ninth, and in danger of falling out of the top 10 with the likes of IOTA, Monero and Tron all surging up in value.

Good day for green

As reported yesterday, the difficulty adjustment for Bitcoin mining lowered by about 10 percent recently, and this drop in difficulty is intended to make it more profitable by making it easier to mine Bitcoin.

Therefore, the hash rate of Bitcoin has been rising again as miners are once again just on the right side of being profitable. This ties in with the price and can compound the gains as the more interest and health from miners for the Bitcoin blockchain, the more interest from the market.

If this is indeed the case for Bitcoin’s price rising again, there is every chance that there could be a longish rally, however, a good solid rally has not been seen since more than a year ago when Bitcoin was heading to its All Time High.

Following on

As is often the case, the rest of the altcoins have also profited from Bitcoin and its own gains as most coins are seeing gains in the double figures. Ripple sits in second ahead of Ethereum, but they are both growing well, as are Tron and Stellar.

Bitcoin Cash has grown by nearly 30 percent over the last 24 hours, and just outside the top 10 IOTA, Monero, Binance Coin and Dash are all up over 10 percent. Bitcoin SV is up by nine percent, but in comparison to the chasing pack, it should be concerned about being usurped from the top 10.

Battle-worn Bitcoin Cash

Although both the Bitcoin Cash forks remain in the top 10 of the market cap standing, they have both lost huge value since their split in November. Bitcoin Cash has lost a whopping 45 percent of its value since late November, while Bitcoin SV has dropped 35 percent. This is compared to Bitcoin's 15 percent fall over the same period.

Bitcoin SV has other problems than its market cap standing to worry about, though as there are allegations of users being able to spend the same coins twice in what's known as a "0-conf transaction" double spend. Additionally, there are concerns about its centralisation with four Bitcoin SV network nodes controlling 75% of its hash rate, leaving it vulnerable to attacks and weaker than most decentralized crypto networks.

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