The Rise and Rise of Altcoins

Fundamental analysis and financial markets.

Altcoin Talking Points

– Altcoin valuations are surging spil investors stir into low metselspecie price cryptocurrencies.

– Ripple (XRP) is now eyeing a place ter the top 50 most valuable companies ter the world list.

The DailyFX Bitcoin Glossary is designed to provide traders with a reference for significant terms and concepts essential for understanding the emerging cryptocurrency universe.

Altcoins Surge Leaving Bitcoin&rsquo,s Place spil the Market Leader under Pressure

A range of altcoins &ndash, Bitcoin (BTC) alternatives &ndash, proceed to postbode daily double-digit gains, sending their market valuations soaring. And a look at the most popular coins voorstelling that investors are buying on price spil much spil on company specifics, hoping to find the next company that hops from a few cents to ems of thousands of US dollars. Te the last month, Ripple (XRP) has surged from $0.23 to $Trio.79, Cardano (ADA) has hopped from $0.13 to $1.22, NEM (XEM) has risen from $0.27 to $1.88, while Stellar (XLM) has soared from $0.Ten to $0.88. And the effect of this surge te rente ter altcoins has succesnummer market heavyweight Bitcoin, with BTC&rsquo,s market dominance diminished from around 55% one month ago to around a current low of 34%.

Cryptocurrency Market Prices and Capitalizations &ndash, January Four, 2018

Wij discussed the rise of altcoins and their current chart set-ups te this week&rsquo,s Bitcoin and Cryptocurrency Webinar , while DailyFX chief currency strategist John Kicklighter recently noted that the Discrimination inbetween Bisexual tcoin and Top Cryptocurrencies C ontinues.

Ripple nears Stock Market Stalwart Unilever&rsquo,s Market Valuation

The 2nd largest cryptocurrency Ripple presently trades with a market capitalization of almost $147 billion, around $Ten billion lower than one of the stock market&rsquo,s largest and most respected companies, Unilever (ULVR). The British-Dutch multinational employs around 170,000 people worldwide while its products are used by overheen Two.Five billion people a day. Ter May 2018, Unilever wasgoed worth $144 billion while Ripple wasgoed worth $Two.1 billion.

Bitcoin /Cryptocurrency Resources &ndash, Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested te trading Bitcoin, Bitcoin Metselspecie or Ethereum wij can suggest you a broad range of free resources to help you. Wij have an Introduction to Bitcoin Trading Guide along with a Free Practice Account . I addition wij run a Weekly Bitcoin Webinar and have an IG Bitcoin Sentiment Indicator to help you gauge the market and make more informed trading decisions.

— Written by Nick Cawley , Analyst .

Go after Nick on Twitter @ nickcawley1

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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