After a few days of tremendous uptick of the Altcoin, it is now time for the Bitcoin to come back and reclaim its stature.
To many people that play slots at the best Bitcoin casino, Altcoin’s performance for the past seven days had caused panic over the state of the Bitcoin. However, things are now back to its original position. The Bitcoin passed $1,050, way beyond what the Altcoin can actually reach.
The Altcoin performance had started to give those who put their trust on the Bitcoin sleepless nights.
In fact, most of those who had invested in this cryptocurrencies, especially the Bitcoin, for the first time had to conceal their pride as they waited in deep pain for the news on the performance of Altcoin from China. 2016 Was A Favorable Year For The Bitcoin When It Found A Place Around The Globe, will 2017 be?
In what was seen as hard to make real money online casino gambling sites, it was hard to believe that the Bitcoin will surface from the almost deep trench that it had plunged into in the past couple of days.
Nonetheless, now the reverse is witnessed in most markets especially in the EU where many people use this cryptocurrency to purchase and pay for a number of services online.
CoinMarketCap, which handles most matters with regard to cryptocurrency had recorded a fall in value and volume of the Bitcoin when the Altcoin was gaining steadly. But as the week draws to the end, the Bitcoin gained fast, to making $1,050 leaving the Altcoin to lag behind.
Ether markets were the perfect model. From low values that are accustomed by the Ether, the value surged on Valentine’s Day to hit $13.33, something that has never been witnessed by CoinMarketCap. The surge comes at a time Bitcoin is facing stiff value competition from other cryptocurrencies.
Additionally, at $13.33, Ether recorded the highest value in its history.
Although Ether is no longer trading at $13.33 now, the recent ‘rising adoptions’ experienced by other cryptocurrencies is an indicator that in the near future, there will be even a stiffer competition that is based on the robust trading volume.
A day after Valentine’s Day, another cryptocurrency, Monero, which leverages ring signatures in a bid to hide user identities, proved further that what happened to the Altcoin a few days ago is possible.
According to CoinMarketCap’s report, Monero improved its value from $12.20 to $13.74. This was the first improvement in more than 30 days.
On what was seen as a big market value fluctuation, Monero failed to maintain its value throughout the day. CoinMarketCap says that the last few hours of February 15, Monero traded at $13.26, a $0.48 drop in value and that it has been difficult to recover from that drop since then.
Bitcoin Shines Again
Although many people were saddened by the news that the Altcoin is trending, they had not lost their hope in investing in the Bitcoin.
Two days after is plunged into $1,001, the Bitcoin has regained to $1,050, something that shows people’s trust in using it in their online transactions.
Whether Altcoin, Ether or Monero are going to come up again, the Bitcoin will still shine.