Bitcoin up and coming

As of February , Bitcoin is rapidly surging and has reached a new record high of $55, USD per coin. In , Bitcoin and other cryptocurrencies increased in popularity as the public took interest. Bitcoin crashed, however, from its December high of $18, all the way down to $3, in December
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Bitcoin continues to gain attention for its growing levels of adoption.


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Also, Mastercard announced last week that it would begin supporting select digital currencies, including Bitcoin. The world's largest cryptocurrency is also often lauded for its scarcity. No more than 21 million Bitcoin tokens can be mined, which makes it a perceived hedge against the ever-rising U. As the true value of the U. If you're wondering what caused Dogecoin's recent monster rally, look no further than Reddit and Twitter , where it's gathered quite the following. Elon Musk has also expressed his support for the oddball cryptocurrency on a handful of occasions in recent weeks.

What's crazy is that Dogecoin was created in as a joke in a matter of hours by engineers Billy Markus and Jackson Palmer. Palmer thought to combine two of the most buzzworthy things on the internet at the time: cryptocurrency and the Doge meme featuring a Shiba Inu dog. This joke has now become a full-fledged fear-of-missing-out FOMO opportunity for retail investors.

Unfortunately, there doesn't appear to be anything unique about Dogecoin, other than its cult-like following. These gains probably won't prove sustainable, and FOMO investors will be crushed. In particular, three projects or events stand out. Probably the most important catalyst of the bunch was the launch of Shelley in late July the engineering team has interesting poetic names for each of its upgrades; the last one was dubbed Byron. Shelley is designed to increase the number of nodes that network participants run.

Without getting too far into the weeds, more nodes mean more decentralization and improved security on the Cardano network. Prior to this July launch, Cardano averaged 1, to 2, daily transactions. It's now averaging more than 25, Secondly, investors seem excited about the ongoing reinvestment in its blockchain project. In particular, engineers are hard at work on Goguen, which will allow users to create smart contracts -- i. Goguen is expected to appeal to a broader audience of users, including ones who may not have an understanding of programming.

Third, Cardano seems to be getting a lift from digital trust management company Grayscale, which recently added a Cardano Trust. While this doesn't mean that Grayscale will offer an investment tool as it has with the Grayscale Bitcoin Trust , Cardano investors are excited about that possibility. As with Cardano, there are evidently tangible reasons behind this move not just tweets from Elon Musk. The most exciting aspect of Stellar is its incredible payment network speed.

Whereas traditional banking networks take anywhere from a few days to a week to approve and settle a cross-border payment, Stellar can do so in a matter of seconds. The only requirement is that the Lumens XLM coin must be supported on that network. In other words, Stellar speeds up supply chains by making payments more efficient.

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Stellar is also receiving a boost from an early January announcement that it's working closely with the Ukrainian government to create a central bank digital currency. This doesn't guarantee that the Stellar Development Foundation will ultimately be responsible for developing a national central bank digital currency. But it does mean that Stellar is going to play a key role in that decision-making process, according to Ministry of Digital Transformation official Oleksandr Bornyakov as reported in Cointelegraph. People paying in Bitcoin will often use third-party services to transact small amounts.

Bitcoin is also extremely sensitive to macroeconomic movements — the currency lost half its value in the most recent U. But for those looking to invest in cryptocurrency, Bitcoin remains the most liquid option. If you could only bet on one cryptocurrency this year, XRP would be it. XRP is the largest currency to have 10x potential for XRP is the odd duckling of the cryptocurrency world.

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These include the ability to negotiate with large banks, execute trades quickly and control policies. XRP has also had its share of accounting issues. Specifically, in December , the U. Ripple also controls over half of the XRP supply. Still, XRP has enormous potential.

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The currency is used by financial institutions as an alternative to the SWIFT network, giving it a real-world application. The coin has continued to outperform expectations since. Much like XRP, Stellar was designed to facilitate cross-border transactions. As regulatory issues mount for rival XRP, Stellar has quickly moved to fill the void. But some of it has also come down to luck. The same week, the Ukrainian government announced a partnership with Stellar Development to create a national digital currency.

ADA, which runs on the Cardano network is one of the most technologically exciting cryptocurrencies to date. Its proof-of-stake system means it can operate more efficiently than the standard proof-of-work system.

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And its use of smart contracts means that it can keep track of transactions like bitcoin while handling payments like Ethereum. But three key areas make it a top cryptocurrency for First, ADA has momentum. Second, it sits at just 30 cents per coin, making it a tempting target for punters to run up. Finally, it has the ability to handle transactions and smart contracts. This makes it a natural enhancement for other cryptocurrencies like Bitcoin. And like most memes, Dogecoin saw its 15 minutes of fame. But in the world of cryptocurrencies and memes alike, second acts DO exist.

As rolls around, this newfound popularity could send the coin up to speculative heights. Dogecoin does have its merits: its faster block time makes it better at processing payments than Bitcoin can. And more gains could be on the way.


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  4. That solves a massive issue for Bitcoin, which has a single, growing blockchain that all miners and transactors need to store. Developers have also added scalability, smart contracts and security. The coin fell hard in as the Chinese government cracked down on cryptocurrency exchanges. But in , the coin staged a remarkable resurgence as Chinese regulators turned their ire to Ant Group, a payments processor. With the Chinese Communist Party now rethinking its stance on cryptocurrencies , NEO has a chance to shine once again. And by registering as an exempt issuer with the U.

    In fact, its return was one of the highest of any other coin. Still, Celsius has plenty of risk for potential investors. As companies from Bear Stearns to Lehman Brothers found, bad loans can quickly threaten the stability of an entire lending operation. And the Celsius Network has raised red flags in the past, particularly with its unclear collateral requirements. Nevertheless, CEL could still continue to rise.

    Cryptocurrency Market

    Nano is a prime example of playing the cryptocurrency lottery. Some may point to a December hack on an Italian cryptocurrency exchange. But in the microcap altcoin world, timing has far more to do with luck. However, now that demand is rising, keep watch. A short-term spike is often how new coins gain popularity.

    With its ability to assign entire blockchains to individual accounts, Nano looks like an attractive Bitcoin alternative. Chainlink is a cryptocurrency that allows others to run smart contracts. But can LINK succeed on its own? Chainlink is as different as they come. Rather than operate its own blockchain, Chainlink runs smart contracts on other blockchains. Making use of the protocol still requires hardcore programming knowledge, and that shrinks its potential audience. What Chainlink needs is a strong sponsor — a business like Ripple Labs, for example — to market and implement its smart contracts as required.

    If the currency can find that sponsor, LINK will soar. Otherwise, investors can expect the currency to stall in as newer smart-contract coins take over.

    Cryptocurrency forecasts

    Lisk is an early delegated proof-of-stake coin that was bested by competitors. Can it regain its strength? Lisk was launched in to a great deal of optimism. Built on JavaScript, one of the most common programming languages, Lisk promised to open application developments to a far wider range of developers. By , LSK had shed almost all its value to settle at just 10 cents.

    And despite a second massive run-up in the cryptocurrency bubble, the coin has since settled back, dropping off the top coin charts by market cap. Interest in the coin, however, has refused to completely disappear. That means, while Lisk might have significant technological issues, renewed interest in the coin could incentivize developers back to the drawing board to improve the coin. Monero has long been a favored coin for its privacy applications.

    And its community has continued to improve its privacy — from improving its decoy transactions to obscuring recipient identities. But Monero ran into early issues. Because transactions are so private, it quickly became a favorite of Darknet users looking to hide their tracks. Yet, the cryptocurrency has had a revival in recent months. As we move into , XMR looks like a cryptocurrency with second-wind potential.