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At Coindirect, we like to keep a wide offering of the most relevant and exciting altcoins available. Our team is constantly considering which new coins will add the most value to our expanding selection of top cryptocurrencies. We realised the best way for us to know what our users are looking for is to ask […]
If you have not read our first article on cryptocurrency terms, click here to find out more about everything from fiats, to forks. These articles are designed to further your understanding of the new language that is developing around the rapidly expanding world of cryptocurrency. The better you’re informed, the smarter your decisions will be when it comes to analysing movements in the market. We have put together 8 more terms that will be useful to anyone looking to get clued up on the latest terms.
At the beginning of 2017 the top two cryptocurrencies bitcoin (BTC) and Ethereum (ETH) were valued at $963.06 and $8.26 respectively. Throughout 2017 bitcoin gained in value, ultimately reaching an all time high of approximately $19,500 on the 18th of December 2017. Ethereum reached an all time high of approximately $1,400 on the 14th of January 2018. This meant that the early adopters of cryptocurrencies had a good year with incredible returns on their initial investment.