Published
5 years ago on
November 04, 2018
“During this time, Ethereum did exceptionally well and was up by approximately 684 percent. However, Ripple’s XRP and Litecoin were the currencies experiencing their highest levels of growth. Ripple experienced a push over 2,100 percent from Q4 of 2017 to Q1 of 2018, while Litecoin exploded by approximately 1,571 percent. Bitcoin was up by roughly 536 percent, despite the bearish trends its price would begin to endure later in the month.â€With Bitcoin Cash being the lowest performer at the time, it ultimately fell by just under ten percent during the period. Bitcoin Cash was the freshest face digital currency amongst the five that were mentioned. Nevertheless, it arrived through a hard fork in August of last year and was still seen like a first grader. A drop in popularity The aforementioned figures are most likely to account for all the hype which surrounds Bitcoin and the other digital currencies in the market during the late months of last year. As we all know, during this time Bitcoin nearly hit the $20,000 mark and while a few months later Ethereum would reach the $1,400 level this was still a big feat. This led to a popularity which would then see bearish movement and ultimately a refusal to let up and has remained with us during most of this year. What are your thoughts? Let us know what you think down below in the comments!
