Introduction
Cryptocurrency has had a turbulent history, but it has also had its share of highs. Some of them are “The launch of Bitcoin in 2009,” “The creation of Ethereum in 2015,” “The price surge of Bitcoin in 2017,” “The launch of Bitcoin Cash in 2017,” and “The launch of Ripple in 2012.” Ripple is unique as it is not a blockchain-based cryptocurrency, but it has still been successful nonetheless. Know more about ways to make money with ethereum by clicking here.
Here are 5 of the best moments in cryptocurrency history:
It was intended to serve as a digital currency that could be used to make online purchases of goods and services without going through a bank. When Bitcoin’s value increased by 10,000% in 2013, it gained notoriety. As a result, interest in cryptocurrencies increased sharply, and more people started making investments in them.
Cryptocurrencies have since become more mainstream, with more businesses and governments accepting them as payment. Bitcoin is still the most well-known and valuable cryptocurrency, with a market capitalization of over $100 billion. It has inspired other cryptocurrencies, and its success has led to a resurgence in interest in cryptocurrencies.
In January 2018, Ethereum reached a new all-time high of $1,417.47. This was a major milestone for the Ethereum platform, as it set the stage for decentralized applications (Dapps) to be built on its blockchain. The price of Ethereum has since come down from its all-time high, but the platform continues to be a major player in the cryptocurrency space. In 2019, Ethereum launched its long-awaited Constantinople hard fork, which brought several improvements to the platform.
Ethereum is a major player in the cryptocurrency space, and its price movements continue to be closely watched by investors and traders alike.
In December 2017, Bitcoin reached its all-time high of $20,000. This was a major milestone for cryptocurrency, as it showed that the market was beginning to mature. Bitcoin’s price has since come down from its all-time high, but the cryptocurrency continues to be a major player in the space. In 2019, Bitcoin saw its first major price increase since its all-time high, as the cryptocurrency surged to over $13,000.
In November 2017, Litecoin reached a new all-time high of $358.21. This was a major milestone for the Litecoin platform, as it showed that the currency was beginning to mature. Litecoin’s price has since come down from its all-time high, but cryptocurrency continues to be a major player in the space. In 2019, Litecoin saw its first major price increase since its all-time high, as the cryptocurrency surged to over $100.
In 2017, there was a surge in the popularity of initial coin offerings (ICOs). This was a major development in the cryptocurrency space, as it showed that there was a lot of interest in investing in new projects. In 2018, there were over 1,000 ICOs launched, raising a total of $6.9 billion. And in 2019, ICOs raised even more money, with over $4 billion raised from January to October.
ICOs have become a popular way for startups to raise money, and we can expect to see even more innovation in the space in the years to come.
Wrapping it up !!!
This was the basic overview of some transformations that have taken place in the world of cryptocurrency over the years. This has not stopped, and new changes are coming in. The introduction of non-fungible tokens, growing acceptance of cryptocurrencies, and the shift of Ethereum to a proof of stake mechanism are a few of the new developments that have added new enthusiasm amongst investors to invest in cryptocurrencies. However, the major challenge still here is to settle down with the best crypto exchange wherein you can start trading in the cryptocurrency of your interest. Here comes the role of your thorough research and crypto communities, where you can get first-hand information on making the right investment. If you are planning to make an investment and are confident in the crypto market, you can register yourself on bitcoinsup.org.
