Top Altcoin Markets of 2015 Gain 10,000% in 3 Years

Top Altcoin Markets of 2015 Gain 10,000% in 3 Years

With the bear trend of early 2018 having witnessed losses not seen in the cryptocurrency markets since 2014, it can be easy to lose track of the meteoric gains produced by the leading virtual currency markets over the span of just a few years. When comparing current prices to those listed on Coinmarketcap’s historic snapshot from the 17th of May, 2015 – the peak of bitcoin’s previous winter – one can see that bitcoin has produced price gains of over 3,000%, whilst the value of the then-top four altcoins have increased by between 9,000% and roughly 13,000%.

Also Read: 5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

BTC Up 3,300% in Three Years

Top Altcoin Markets of 2015 Gain 10,000% in 3 YearsWhen comparing the current price of BTC market action from three years ago, the price of a single bitcoin has inflated by approximately 3,303% – rising from about $237 USD to approximately $8,000 today.

On the 17th of May, 2015, BTC had a total market capitalization of $3,354,597,555 – a figure that is dwarfed by the bitcoin market’s valuation of roughly $137.3 billion.

Top Altcoin Markets of 2015 Gain 10,000% in 3 Years

Value of Top Four Altcoin Markets Increased by Approximately 10,000% Since 2015

Top Altcoin Markets of 2015 Gain 10,000% in 3 YearsWhilst the gains produce by BTC since 2015 have been stunning, the price of bitcoin had then produced a dramatic long-term capitulation after having skyrocketed in late 2013 during what arguably comprised the first BTC bull rally to generate widespread mainstream coverage of cryptocurrencies. During the 2013 bull rally, the altcoin ecosystem entirely consisted of micro-cap projects just beginning to emerge from the petri dishes of their infancy – meaning that the alternative cryptocurrency markets were primed to explode alongside bitcoin during the recent multi-year bull trend.

The second largest cryptocurrency market by capitalization in May 2015, XRP, then had a total market capitalization of just $208.5 million, with price action sitting at approximately $0.006534. In three years, the price of Ripple has realized gains of approximately 10,105% with XRP currently trading for $0.6667, and Ripple comprising the fourth largest market by capitalization, with over $26.1 billion.

Top Altcoin Markets of 2015 Gain 10,000% in 3 Years

LTC, the then-third largest cryptocurrency market (approximately $57.7 million), has produced price gains of roughly 9,000% since May 2015, with a single litecoin trading for approximately $1.45 nearly three years ago, and $132 today. LTC currently comprises the sixth largest cryptocurrency market, with a total capitalization of almost $7.5 billion.

Top Altcoin Markets of 2015 Gain 10,000% in 3 Years

Dash and Stellar Produce Price Gains of Approximately 12,000% in Three Years

On the 17th of May 2015, Dash was the fourth largest cryptocurrency by capitalization ($16 million), with Dash trading for just $3 each. In the three years since, the value of Dash has inflated by approximately 12,670%, with Dash currently trading for $380. Dash is now the twelfth largest market by capitalization, which is currently estimated to be over $3 billion.

Top Altcoin Markets of 2015 Gain 10,000% in 3 Years

Stellar, the then-fifth largest cryptocurrency market with approximately $12.5 million, now comprises the eighth largest crypto with a total capitalization of $5.8 billion. The price of Stellar has increased by approximately 11,860%, gaining from $0.002609 to $0.312048 today.

Top Altcoin Markets of 2015 Gain 10,000% in 3 Years

Did you invest in cryptocurrencies in 2015? What markets did you win, lose, and and miss out on? Share your experiences in the comments section below!


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Bitcoin in Brief Saturday: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA Trading

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA Trading

Today has seen the price of BTC rally to test $10,000 USD amid the bullish response to the increasing institutional presence in the cryptocurrency markets. In other trading news, fee-free exchange Cobinhood has announced the introduction of trading pairs for the ninth largest cryptocurrency by market capitalization, IOTA. In international news, Russian cryptocurrency Youtuber Pavel Makushin has been found dead in his apartment. The CEO of cybersecurity firm, Fireeye, has also discussed the challenges posed by cryptocurrencies in an interview today.

Also Read: Indian Investors Flock to Trade Crypto Ahead of RBI Ban

Bulls Test $10,000

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA TradingThe bitcoin markets have rallied in recent days, with the markets currently testing the five-figure threshold.

The gains appear to have been driven by indications of the growing institutional presence in the cryptocurrency markets, with reports indicating that Goldman Sachs will launch trading for bitcoin futures contracts “in the next few weeks.”

The bullish momentum follows bitcoin’s best performing month of 2018 – with April producing gains of nearly 47% after prices steadily grew from approximately $6,400 to close at roughly $9,400. April produced four consecutive green weekly candles for the first time since late 2017. As of this writing, the price of bitcoin is approximately $9,900

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA Trading

Cobinhood Introduces IOTA Trading

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA TradingCobinhood, a zero-trading-fee cryptocurrency trading platform, has announced the introduction of trading for top ten cryptocurrency, Iota. The introduction of Iota brings the total number of cryptocurrencies available for trade on Cobinhood to more than forty.

The chief executive officer of Cobinhood, Popo Chen, stated: “We are excited to continue our growth and momentum in the cryptocurrency space through the addition of Iota to the Cobinhood platform. Iota is a promising technology platform that will help to push the market forward, and we look forward to having them on our exchange on their journey to success.”

Russian Cryptocurrency Youtuber Found Dead in Apartment

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA TradingRussian Youtuber Pavel Makushin has been found dead in his apartment, as reported by RT. The 23-year-old, known online as Pavel Nyashin, had cultivated the persona of a cryptocurrency trader and amassed approximately 20,000 subscribers.

Mr. Makushin was the victim of a robbery in January, which saw 24 million rubles (approximately $38,000 USD) stolen from him. The Youtuber stated that the stolen money was not his own, and attributed the robbery to bragging of his wealth online. Mr. Makushin’s mother was reported to have indicated that the robbery could have led him to take his own life. Russian tabloid media is reportedly suggesting suicide as a potential cause of death.

CEO of Fireeye Discusses Cyber Security Challenges in the Age of Cryptocurrencies

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA TradingKevin Mandia, the chief executive officer of cybersecurity firm, Fireeye, today discussed some of the hurdles posed by the cryptocurrency phenomena in an interview with CNBC.

“From a cybersecurity standpoint, an anonymous currency has not been a great thing,” Mr. Mandia said. “It just opens up another avenue to monetize computer intrusions, theft of IP and theft of communications. So we deal with bitcoin from that angle and it’s just been a problem for us.”

Mr. Mandia described the anonymity underpinning cryptocurrencies as attracting some usage from criminals. “They’re anonymous currencies and that’s a very valuable thing,” Mr. Mandia said. “If you can commit a crime from 10,000 miles away, there’s not a lot of risk or repercussions to it. And if you can steal somebody’s email and extort that person in an anonymous currency, that’s a challenge for us.”

“You can’t just be good at network security or just good at endpoint or just good at asset discovery. You’ve got to be good at email security, endpoint security and network security. You want to bring it all together,” he added.

Do you like to keep your cryptocurrency holdings private? Or are you loud and proud with your crypto investments? Tell us in the comments section below!


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Meitu Founder Announces Accumulation of 10,000 Bitcoins in 2018

Meitu Founder Announces Accumulation of 10,000 Bitcoins in 2018

Cai Wensheng, the founder of Meitu Inc., a Chinese technology company that makes smartphones and selfie apps, has announced that his bitcoin holdings have reached a personal milestone of 10,000 BTC. Mr. Wensheng also discussed his investments in alternative cryptocurrencies, and compared the present state of the cryptocurrency sector to that of the internet of the early 2000s.

Also Read: Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government

Meitu Founder Accumulates Approximately 10,000 in 2018

Meitu Founder Accumulates 10,000 Bitcoins in 2018 Bear SeasonIn a recent interview with entrepreneur Wang Feng, Mr. Wensheng revealed that his goal of owning 10,000 BTC had been achieved following extensive accumulation during the bear trend of 2018. “When I clearly saw the future of blockchain and bitcoin, I set a goal for myself – owning 10,000 bitcoins, and now the goal has been achieved,” he said.

Mr. Wensheng claimed that “Back in this January I only had several bitcoins, just to follow the trend.” Mr. Wensheng states that he then “realized that blockchain and bitcoin are the future,” leading to the entrepreneur to “set the goal of accumulating 10,000 bitcoins.”

Despite being enticed by the meteoric gains made by the bitcoin markets in 2017, Mr. Wensheng patiently waited for the markets to retrace. “Last December saw the great spike and I didn’t buy any bitcoin at that time. Later when the price corrected to normal in January, I began the career by buying in bitcoins at low cost,” he recounted.

Mindset Critical to Successful Investment

Meitu Founder Accumulates 10,000 Bitcoins in 2018 Bear SeasonMr. Wensheng stated that in his view, “the big difference between investment and speculation is the mindset. Suppose you buy in a stock share or a cryptocurrency but the price keeps falling after that, if you are an investor, you will be delighted at the stumble for it means good time to buy more in; on the contrary, if you keep complaining of the slowdown, no offense but I think you are actually a speculator.”

Despite his assertions surrounding the requisite psychology for successful trading, Mr. Wensheng emphasizes the need for new investors to exercise due diligence and caution when entering the markets. “Of course, before you get started, thorough research and analysis is a must,” he said.

Cai Wensheng Compares Cryptocurrency Markets to Early 2000’s Tech Boom

Meitu Founder Accumulates 10,000 Bitcoins in 2018 Bear SeasonIn the interview, Mr. Wensheng described the current state of the cryptocurrency markets to the boom and bust-prone internet sector of the early 2000’s, stating “It is the similar case with Internet in 2000, startups die away in batches when the Internet bubble burst back then, few made it. While if you bet the right one, the returns are beyond your imagination.”

Mr. Wensheng states that he has “invested in a dozen of blockchain projects,” including “Theta, Ontology, Cortex, Arcblock, Zipper, Yeecall, Dxchain, [and] Charter.”

So far, Mr. Wensheng claims that “some” of his cryptocurrency investments have yielded “fairly high returns and some are still losing money” – describing the markets’ performance as “reasonable […] as blockchain is still in its early phase and practical applications are lacking, in this way, it needs more support and patience. In the long run, it’s promising and time will tell.”

Do you agree with the comparison between the cryptocurrency markets and the tech boom of the early 2000’s? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Meitu Inc.


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Markets Update: Bitcoin Recovers to Test $10,000 Area

Markets Update: Bitcoin Recovers to Test $10,000 Area

The BTC markets have ramped up to test the $10,000 USD area on leading exchanges following a break above resistance at $9,000. Bitcoin has recovered by more than 60% since testing the $6,000 area on February 6th.

Also Read: Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC

Bitcoin Tests $10,000

Bitcoin has produced bullish action in recent days, forming an inverse head and shoulders pattern on the 4-hourly chart before breaking above resistance at roughly $9,000 area yesterday.

Markets Update: Bitcoin Recovers to Test $10,000 Area

The bearish action of recent weeks saw bitcoin lose approximately 65% of its value – falling from approximately $17,000 at the start of January to the recent low of less than $6,000 on the 6th of February. When compared with the all-time high of approximately $19,700 from December 17th, the drop down to $6,000 comprised a 70% loss in the value of BTC in just seven weeks.

Bullish Recovery Signs for BTC

The recent bullish momentum has seen bitcoin break above the 23.6% retracement area of the crash when measuring from the all-time high area of $19,000 – $20,000. Many traders are anticipating that BTC may soon test the major descending trendline stemming from the all-time high should the markets continue on their bullish trajectory.

Markets Update: Bitcoin Recovers to Test $10,000 Area

When looking at the weekly chart, the stochastic RSI appears poised to retest the 20 threshold after having dropped below such for the first time since mid-2017.

Markets Update: Bitcoin Recovers to Test $10,000 Area

According to Cryptocompare, Japan’s markets are by far the most dominant – with JPY/BTC trade currently comprising over 51% of the total volume of BTC traded globally during the last 24 hours. USD and USDT trade is estimated to represent approximately 37% of global trade combined, followed EUR/BTC trade with just under 5%. The shifting regulatory sands in South Korea have significantly reduced the dominance of the KRW/BTC markets – which presently comprises just 3.5% of BTC traded in the last 24 hours.

Altcoin Markets Correlated to BTC

The dollar-value of most altcoins have shown a strong correlation to BTC in recent months, with nearly every cryptocurrency producing a strong bounce in unison with bitcoin during February.

Among the best performing altcoins boasting a high market capitalization have been Litecoin and Ethereum Classic – both of which appear to have benefited from FOMO leading up to their respective forks, gaining over 100% since early February.

According to Coinmarketcap, bitcoin is currently exerting a market dominance of approximately 35%. Ethereum is second largest cryptocurrency market, boasting a 19.5% market dominance, followed by Ripple with 9.5%, and Bitcoin Cash with almost 5%.

Markets Update: Bitcoin Recovers to Test $10,000 Area

Do you think the bitcoin markets will continue to recover? Share your thoughts in the comments section below!


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