While BitCoin is the big name on the market, and currently experiencing a large sell-off, it is not the one experiencing the largest drop in pricing. Over the last 24 hours (from the time of this post), Bitcoin experienced an almost 14% drop in price (from around 15.5k to around 13k). Ether, the second big name in the market, is seeing between a 15-17% drop, from being just below $800 to $630. Litecoin is down 15% to $247, and Monero is down a massive 21%. This alone is showing how much the price of bitcoin effects the market of altcoins. In the next week, we could see a stabilization, or even another surge as investors see another opportunity to get into cryptocurrency while the prices are low, but the hype is still around.
Just a short post today. I am curious what everyone's thinking is for the next month: What is going to happen, where will the prices end up, Whats for dinner tonight. You tell me :)
