[ad_1]
5.
What is it about Novembers?
In the course of 2018, Bitcoin had an annus horribilis – with prices falling more than 83% compared to the historic high of $ 19,783.
This is worse than the dive of the Nasdaq when the dot-com bubble broke out in the United States – and it also produced catastrophic consequences for many other digital currencies, which have now been rendered useless. This is because the fate of many coins, and indeed other cryptocurrencies, is linked to the blockchain in one way or another. Just take a look at Ethereum as an example, which has plummeted from $ 1,400 towards the beginning of 2018 to around $ 110 at the time of writing.
To have an idea of the enormity of this decline, Bitcoin had not fallen below $ 4000 since September 2017 before the start of the November bloodbath. Within a week, Bitcoin Cash plummeted by more than 56 percent and were even outperformed by EOS in a short time from a market capitalization perspective, leaving it relegated to the fifth largest market currency.
Follow the ups and downs of the encrypted market does not need to be a daunting experience. Keeping an eye on the news can help you stay one step ahead and get an idea of when big events will impact prices. Sites like Coin360 have also made it easier to navigate the market, offering a visual representation of cryptocurrencies and coins in real time. The size of each chart reflects the market capitalization of cryptocurrency – with prices and percentage changes shown in red and green, so enthusiasts can see where the industry is heading at a glance.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim to provide you with all the important information we could obtain, readers should do their own research before taking any action related to the company and bring full responsibility for their decisions, nor can this article be considered as an investment advice.
[ad_2]Source link
