Among all the digital currencies, Bitcoin is the most extensively known Cryptocurrency around the world. So far its market capitalization is the largest of all cryptocurrencies and is predictable to turn up at the same amount as that of gold in a few years.
According to industry experts, Bitcoin is expected to boost up to $300,000.
The year 2017 proved to be a rollercoaster for the value of Bitcoin as it has seen a lot of variations during the year. One of the most prominent changes is the 1500% boost in value.
One more reason for the invariable variation is credited to the on and off inaccessibility of exchange mediums, as well as the crash of Coinbase and Gemini at the closing stages of November.
On the other hand, A revelation come from Coin Market Cap.com that at the start of the year Bitcoin held 90% of the market share which has however fallen down to a skimpy 42%. We can see the huge difference between extreme values.
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Ethereum, which is Bitcoin’s competitor, it is also facing a parallel breakdown. If we do a comparison to June where it held a 32% share of the market, now its share has descended by 19% to the 13% mark.
It is important to mention here, despite this breakdown, that Ethereum is called to be the next leading thing in the crypto world. Experts from this sector are claiming that Ethereum is more flexible and more highly developed than Bitcoin, which will ultimately direct to Bitcoin giving over the Cryptocurrency crown to Ethereum in upcoming year 2018.
Nowadays Cryptocurrency fever is far above the ground not in even Pakistan but all across the world. And the insane rise and fall in the prices is so sudden, you can truly see a spike in them in just a blink of an eye. All the tech news sites, social media, and the living room conversations spin around the future trends in digital currencies plus profit and loss in crypto.
