RATE Group | Bitcoin, Litecoin, Ethereum, and Ripple: Price Analysis
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Bitcoin, Litecoin, Ethereum, and Ripple: Price Analysis

25 Jul Bitcoin, Litecoin, Ethereum, and Ripple: Price Analysis

Posted at 12:39h in Ethereum News by

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Let’s take a look at the prices of some of the recent biggest movers in market history. What movers are we talking about? We are talking about crypto-assets of course. At the end of last year, the value of all traded cryptocurrencies rose to almost $800 billion.

However, that value has now dropped more than half and sits at around $250 billion. See the chart below which shows the rise in market capitalization at the end of 2017 through to the present value today.

Time to buy the dip?

Bitcoin and the associated cryptocurrencies are based upon a disruptive new facility called Blockchain. Blockchain technology allows for a decentralized, shared ledger which can be simultaneously updated across the whole system with just one entry in one place.

In terms of the market share, Bitcoin holds the largest share of the crypto market and currently claims 43 percent of the share. Ethereum, Bitcoins largest rival, totals around 17.4 percent of the market. Ripple has 7.2 percent and Litecoin…

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