cryptocurrency

The Rise of Cryptocurrencies


Cryptocurrency is a combination of cryptography and money transfer. It allows the transfer of money or value between peers through complex algorithms. It is this implementation cryptography that makes the transactions secure. Cryptocurrencies first appeared with the invention and release of Bitcoin in 2009.

 

Cryptocurrencies in general and Bitcoin have been on a Bull run. According to Coinmarketcap.com (Who keep track of over 700 cryptocurrencies’ market caps, price, trading volume, charts and price changes) The market cap of all cryptocurrencies come to $29,6 Billion USD or R389,8 Billion Zar.

 

Bitcoin is still the behemoth when it comes to Cryptocurrency with an estimated 67% of the entire market cap. Bitcoin itself has seen massive growth over the last 6 months Bitcoin is up +87.15%, over the last 7 days, +6.46%.

bitcoin

 

 

With a growth in interest and venture capital Bitcoin saw an estimated 4,4 Billion Rand venture capital investment in 2016 alone. And to think that there was no such thing as a Cryptocurrency just 8 years ago.

Bitcoin Exchange CEX.IO

 

 

The Top 3 Bitcoin Alternative Cryptocurrencies by market cap are:

  1. Website: Ethereum – Market cap: R57,9 Billion
  2. Website: Ripple – Market cap: R14,4 Billion
  3. Website: LiteCoin – Market cap: R7 Billion

 

Do you think cryptocurrencies are here to stay? Let us know in the comments.

 

 

Did you like this?
Tip Staff Writer with Cryptocurrency

Donate Bitcoin to Staff Writer

Scan to Donate Bitcoin to Staff Writer
Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate Bitcoin Cash to Staff Writer

Scan to Donate Bitcoin Cash to Staff Writer
Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate Ethereum to Staff Writer

Scan to Donate Ethereum to Staff Writer
Scan the QR code or copy the address below into your wallet to send some Ether:

Donate Litecoin to Staff Writer

Scan to Donate Litecoin to Staff Writer
Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate Monero to Staff Writer

Scan to Donate Monero to Staff Writer
Scan the QR code or copy the address below into your wallet to send some Monero:

Donate ZCash to Staff Writer

Scan to Donate ZCash to Staff Writer
Scan the QR code or copy the address below into your wallet to send some ZCash:
3857 Total Views 2 Views Today

Staff Writer

Author and Staff Writer at BitcoinHub. Writing about the latest developments in the Bitcoin and Cryptocurrency industry.

Leave a Reply

Your email address will not be published. Required fields are marked *