Cryptocurrency market How the market changed Christmas at Christmas time
The cryptocurrency market is changing over time, and this is something that can be seen Christmas in the Christmas season. The number of crypto-markets rose from 59 in 2013 to over 2,000 a day today. During the same period of time, Bitcoin has lost an important part of its dominant position in the market, however, the impressive growth of altcoin has not been able to threaten Bitcoin (BTC).
Between December 2013 and December 2014, over 447 virtual second currencies were launched on the market CoinMarketCap. Although several virtual currencies have been created, most of the cryptos recorded a very negative year in terms of price performance in 2018.
Several Cryptos they have lost more than 80% of their value, while others have suffered a fall in prices of 95% or even more.
Between Christmas of 2013 and 2014, Bitcoin lost almost 50% of its price when it fell from around $ 620 to $ 316. At the same time, Litecoin (LTC), which at that time was the second largest virtual currency, feels 84% from $ 17 at $ 2.75. However, XRP was one of the few winners that year, rising from $ 0.022 to $ 0.024.
One of the virtual currencies that was not able to sustain his rank was Peercoin (PPC). This cryptocurrency lost about 81% of its price when it fell to $ 0.58 from $ 3.12. Other virtual currencies like Namecoin (NMC) e Quark (QRK) lost 82.5% and 92.6% respectively.
Other digital resources such as Bitshares PTS (PTS) or Worldcoin (WDC) lost 99.99% and 98.5% respectively.
During 2014 and up to 2015, the situation has changed. Both Bitcoin and Litecoin they have been able to grow in the market. Bitcoin has increased 32% between these two years. Its price has risen from $ 316 to $ 416.5. Although XRP was able to remain the second largest crypt on the market, it lost 94% of its price, rising from $ 0.024 to $ 0.0062. In addition, Litecoin increased by 25% in 2014, becoming a very positive year for the virtual currency created by Charlie Lee.
During this year, the increase in the number of markets has been lower. There were only 56 new tokens created and added to CoinMarketCap.
Bitcoin starts to grow stronger in 2015. Between December 2015 and December 2016, Bitcoin increased by 111% after reaching $ 878.8 from $ 416.5. The XRP only recovered 3.4% of its price. It was traded near $ 0.00617 in 2015 and traded around $ 0.00638 in 2016.
litecoin continued its expansion in the market, recording a 27% gain from $ 3.43 to $ 4.35. However, he finished in fourth position rather than in third position.
The number of active markets also increased by 15%. There were 644 new coins in December 2016.
2017 It was by far one of the best years for Bitcoin and other virtual currencies. Between December 2016 and December 2017, Bitcoin it grew by 1,500% after rising from $ 879 to $ 14,057. Ethereum has also grown. It grew by 9.345% from $ 7.29 to $ 688. The XRP rose from $ 0.00638 to $ 1.10. This represents a massive increase of 17.140%. Litecoin also increased from $ 4.35 to $ 276, protecting growth of 6.255%.
Other virtual currencies such as Monero (XMR) and Ethereum Classic (ETC) have decreased their ranks even after having grown by 3.455% and 2.725% respectively.
2018 it was not a good year for digital resources. Cryptocurrencies abandoned abruptly. Bitcoin lost 70% during the last few months. It is now trading near $ 4,230 when it was trading near $ 14,057 at the end of 2017.
Ethereum it also lost 77% of its value, going from $ 688 to $ 156. It also lost its position as the second virtual currency. Bitcoin Cash (BCH) lost 93% after going from $ 2 956 to $ 206.
XRP it is now the second largest cryptocurrency registering a 60% decline from $ 1.10 to $ 0.44. litecoin it was also influenced by this bear market, losing 87% of its price. At the end of 2017, litecoin it was trading close to $ 276 and a few hours ago it was trading around $ 36.
IOTA (MIOTA) and Cardano (ADA) now operate outside the top 10. They lost 89% and 87.5% respectively. Cardano now it is the eleventh largest crypt and IOTA the 12th largest.
What will happen during the next year is still a mystery. There are some analysts who believe that the bear market will continue at least a few months in 2019. Other cryptography experts have already called the fund in 2018. We just have to wait a new year to get to know the next results.