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LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin
LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin

Bitcoin News - More Than 2,000 Cryptocurrencies Already Listed on CoinMarketCap

  • Alex Morris
    📰 News

    Cryptocurrency industry continues its growth, defying market bears

More Than 2,000 Cryptocurrencies Already Listed on CoinMarketCap
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A leading crypto tracking site CoinMarketCap has recently listed its 2,000th coin. At the time of writing this article, there are already 2,008 digital assets on CMC.

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A major milestone has been reached  

The fact that investors seemingly feel disgruntled about the failing ICOs, 70 percent of which fail to surpass their initial valuation, didn’t take a toll on the actual number of coins as the number of cryptocurrencies on CMC has already surpassed 2,000. To put this into perspective, a whopping number of 600 new coins have already appeared in 2018 despite the brutal crypto rout. In October 2017, for example, there were only 686 coins in circulation.  

According to CMC’s FAQ section, each token has to meet certain criteria in order to be listed on this platform. A cryptocurrency or a crypto token has to be available on any public exchange with a trading volume that exceeds zero. On top of that, it is mandatory to report circulation supply since it determined the coin’s ranking.

Bitcoin still rules the roost, but altcoins are growing stronger

Since the very inception of CMC, Bitcoin, the world’s first decentralized digital currency, firmly holds first place with a huge lead. However, its share of the overall market has been dwindling for quite a while. Back in May 2013, Bitcoin dominance was at nearly 95 percent. Right now, it barely exceeds 50 percent of the total market capitalization following the recent revival of altcoins.

However, the majority of these altcoins still remain pretty much worthless as a recent Diar report reveals that, apart from top five biggest cryptocurrencies and stablecoins, all altcoins have a total value of $35 mln (while the total market cap is currently sitting at $221 bln). Another peculiar revelation is that out of the top 10 coins that were listed on CMC in May 2013 are nowhere to be found anymore.

Still, the growing number of new projects is a good message for standoffish crypto defeatists that the industry isn’t going to fade away anytime soon.

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Bitcoin News - Bitcoin Price Prediction – What Is BTC’s Next Step? Skyrocketing to $4,100 or Nosediving to $3,800?

  • Vera Thornpike

    Read Bitcoin price predictions for the following days. Find out what Twitter users think about short-term perspectives of BTC. Will it hit the $4,100 threshold or continu

Bitcoin Price Prediction – What Is BTC’s Next Step? Skyrocketing to $4,100 or Nosediving to $3,800?
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After crawling to the $4,000 mark, Bitcoin didn’t hold there for long and took a step back. Now it’s stuck for a while, but Internet users are sure it won’t last long. So, what will be Bitcoin’s next move? Will we witness it breaking resistance and reaching the $4,100 level, or is it heading towards a downtrend? Let’s see what Twitter’s little birds tell us.

Bitcoin’s on the edge of the abyss?

Like any other currency, Bitcoin’s following certain paths, and using them to predict its future steps is not hard. Look at this chart:

Here’s more proof:

BTC is to make the last dash before plummeting

Even if it seems like Bitcoin is doomed to fall, there’s one positive fact: it might not happen right now, and there’s still a chance to sell your BTC riches.

Some users admit the last period was very important for Bitcoin, and it has yet to make its decision (which means, it might continue growing).

Here’s what we should keep in mind to foretell the fate of Bitcoin in the short term:

All is not lost – Bitcoin’s future can be interpreted in different ways depending on the patterns observed and periods compared. If you’re sure it’s to fall, start selling. But even if you don’t do it on time, don’t worry – BTC will surely raise from its knees after the upcoming fall. It always does.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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