Most altcoins are currently at their all time high from a dollar perspective and this is just amazing for the crypto industry.
I am in many Slack groups and all the groups are excited around the current state of Altcoins. Sure Bitcoin has run so fast over the past month that the altcoins are struggling to catch up from a All time high perspective in relation to Bitcoin.
More Banking groups is getting into Crypto
The most exciting of all is that more Banking groups is getting into Crypto. A Swiss Banking Group announced yesterday that they are adding 4 altcoins to their online trading platform. Bitcoin is already available for trading against USD and EURO and they are adding LiteCoin, Bitcoin Cash, Ethereum and Ripple to these trading pairs.
You can read the full article Swissquote Adds Four Altcoins to Trading Platform here
Bitcoin price predictions
There are many people taking a stab at predicting the future Bitcoin price, Ronnie Moas predicted a price rise of $20 000 in three years, from where he had to change his prediction after the recent price rise.
To quote him:
"Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I'm looking for another 500 percent move from here. The end-game on Bitcoin is that it will hit $300,000 to $400,000 in my opinion, and it will be the most valuable currency in the world."
You can read the coin telegraph article here
I thoroughly believe that we are in for a massive year next year, but I would rather not take a stab at predicting the price, but I do believe we might all be surprised as more and more non crypto people enters the market.
Happy Steeming!
