While many experts in the financial world caution about the potential bubble in cryptocurrencies, new digital currencies continually materialize. Despite the erratic nature of bitcoin—having soared to nearly $20,000 per coin last December, only to settle at just below $7,000 by March 31, 2018—fresh currencies consistently emerge. Not all will thrive, yet some might become significant players in the world of digital finance. In 2018, several lesser-known cryptocurrencies are worth monitoring.
Cryptocurrency
Bitcoin Approaches Unprecedented Value of Over $109,000
This morning, Bitcoin soared to an impressive near $109,500, eclipsing its former pinnacle of roughly $109,300 from January, and significantly improving from a previous low overnight just shy of $106,000.
Auroracoin (AUR): A Journey from Inception to Reinvention
In the land of Iceland, Auroracoin (AUR) emerged as a decentralized digital currency. Detached from traditional banks, it operates with its distinct valuation. Much like other digital currencies, it offers an alternative both for replacing standard payment methods and for speculative investment. With the allure of anonymity and security in its transactions, AUR records its operations on a public ledger. Though its inception was in 2014, the currency quickly faced a downfall. However, developers infused it with new life the next year.
Bitcoin Classic: A Fork in the Path to Scalability
A proposal emerged under the name of Bitcoin Classic, aiming to expand the maximum size of transaction blocks. Despite its initial promise, the Bitcoin Classic project failed to gain widespread traction within the bitcoin community and was never fully realized. Instead, other efforts successfully addressed the issue of larger blocks.
Was the Bitcoin Surge of 2017 Driven by Tether Market Manipulation?
Confirmation of the allegations concerning manipulation within Wall Street’s VIX index has led to investigations.